Post subject: Re: Ding Dong the wicked witch is dead...
Posted: Fri Apr 12, 2013 9:39 am
El Barbudo
In The Arms of 13 Angels
Joined: Feb 26 2002 Posts: 14522 Location: Online
Sal Paradise wrote: .... 1. The amount of state run industries and losses these industries made..
There are a number of people who agree with you about those industries and, to be fair, they have a point. But their point is blunted when the same people start moaning that the unemployed should be made to work for their dole. Inconsistency is so easy.
Freedom without Socialism is privilege and injustice. Socialism without freedom is slavery and brutality.
Post subject: Re: Ding Dong the wicked witch is dead...
Posted: Fri Apr 12, 2013 10:29 am
XBrettKennyX
Club Owner
Joined: Jun 07 2003 Posts: 6722
Mintball wrote:And as Ha-Joon Chang explains, chasing very, very low inflation can be negative and, indeed, a certain level of inflation does no intrinsic damage.
Friedman and the Chicago School believed – as did Reagan, Thatcher and others – that something that had never worked in the past would suddenly work. It didn't. There was no 'trickle down'. Those at the very top did very well – everyone else did progressively worse.
And yet the fundamental principle of Thatcherism was that EVERYONE would have the chance of doing well.
Time was when in order to get a job in the City you had to be public school educated and called Smithers Ponsonby-Smyth. After the Big Bang you could get the same job being called Alf Muckshit.
Traditional Labour had a vested interest in keeping a large "working class", for wont of a better word, "down". Tradtional Tory had a vested interest in keeping a large "working class", for wont of a better word, "down".
Thatcher offered the opportunity to everyone.
You can argue with her methods, and the alternatives, but you cannot deny this.
The Communist Cap - dragging down success and aspiration to the levels of those who cba.
Post subject: Re: Ding Dong the wicked witch is dead...
Posted: Fri Apr 12, 2013 10:33 am
XBrettKennyX
Club Owner
Joined: Jun 07 2003 Posts: 6722
Mintball wrote:Did it remind you of how much successive governments had, for a decade or so, been taking money out of these industries and utilities and not re-investing it in them?
And did it discuss how 'selling off the family silver' not only left the country pretty much without any internal control, over what it needs to power it, and domestic customers in particular have been able to watch their bills spiral?
Even the forums on the Telegraph have, over the last year or so, seen commentators grumbling that perhaps privatisation was not all that it was cracked up to be.
And indeed, the fact that we (the taxpayer) still subsidises transport, for instance, is an indicator as to exactly who has benefited from privatisation.
There is an argument for nationalisation of certain natural monopolies. The problem is that employees in a monopoly, state owned or private, tend to fall behind in the productivity stakes.
For any company this isn't an issue for non stakeholders. The difference is that for a public company those stakeholders are the taxpayers.
The Communist Cap - dragging down success and aspiration to the levels of those who cba.
Post subject: Re: Ding Dong the wicked witch is dead...
Posted: Fri Apr 12, 2013 10:52 am
Mintball
All Time Great
Joined: May 10 2002 Posts: 47951 Location: Die Metropole
XBrettKennyX wrote:And yet the fundamental principle of Thatcherism was that EVERYONE would have the chance of doing well.
Time was when in order to get a job in the City you had to be public school educated and called Smithers Ponsonby-Smyth. After the Big Bang you could get the same job being called Alf Muckshit.
Traditional Labour had a vested interest in keeping a large "working class", for wont of a better word, "down". Tradtional Tory had a vested interest in keeping a large "working class", for wont of a better word, "down".
Thatcher offered the opportunity to everyone.
You can argue with her methods, and the alternatives, but you cannot deny this.
And yet the irony is that, in the past 30 years, social mobility has decreased.
"You are working for Satan." Kirkstaller
"Dare to know!" Immanuel Kant
"Do not take life too seriously. You will never get out of it alive" Elbert Hubbard
"We are all in the gutter, but some of us are looking at the stars." Oscar Wilde
Post subject: Re: Ding Dong the wicked witch is dead...
Posted: Fri Apr 12, 2013 11:07 am
rover49
Player Coach
Joined: Mar 05 2007 Posts: 13190 Location: Hedon (sometimes), sometimes Premier Inn's
XBrettKennyX wrote:And yet the fundamental principle of Thatcherism was that EVERYONE would have the chance of doing well. But god help you if you couldn't achieve, you were derided and put out to grass)
Time was when in order to get a job in the City you had to be public school educated and called Smithers Ponsonby-Smyth. After the Big Bang you could get the same job being called Alf Muckshit.
Traditional Labour had a vested interest in keeping a large "working class", for wont of a better word, "down". Tradtional Tory had a vested interest in keeping a large "working class", for wont of a better word, "down".
Thatcher offered the opportunity to everyone.
You can argue with her methods, and the alternatives, but you cannot deny this.
'when my life is over, the thing which will have given me greatest pride is that I was first to plunge into the sea, swimming freely underwater without any connection to the terrestrial world'
Post subject: Re: Ding Dong the wicked witch is dead...
Posted: Fri Apr 12, 2013 11:19 am
El Barbudo
In The Arms of 13 Angels
Joined: Feb 26 2002 Posts: 14522 Location: Online
XBrettKennyX wrote:There is an argument for nationalisation of certain natural monopolies. The problem is that employees in a monopoly, state owned or private, tend to fall behind in the productivity stakes...
How come the most efficient UK train company is the state-owned East Coast ?
Freedom without Socialism is privilege and injustice. Socialism without freedom is slavery and brutality.
Post subject: Re: Ding Dong the wicked witch is dead...
Posted: Fri Apr 12, 2013 11:32 am
DaveO
Moderator
Joined: Dec 22 2001 Posts: 14395 Location: Chester
Sal Paradise wrote:Watching QTime last night reminded of a few things about that time: 1. The amount of state run industries and losses these industries made
Some industries are just not profitable without state subsidy. The railways being a case in point. Taxpayers subsidise the profits of Virgin Trains for example. If there are any advantages to privatisation it must be cheaper cost to the taxpayer. I see the opposite here.
Others such as Gas and Electricity are only profitable due to ever increasing bills for the consumer. Remember a private companies first duty is to its shareholders and we see the results with the power companies with less well off people suffering fuel poverty in 2013.
Some industries are natural monopolies and when you have a monopoly its better for the state to run it.
The idea mentioned elsewhere that there is some intrinsic problem once people are employed in such organisations is complete bunkum. The East Coast main line has been run by the state for over three years and is efficient. Network Rail itself is state run after having to be re-nationalised. The fact the most costly health provision in the world in the USA is private shows that is another area where privatise everything is not appropriate.
Quote:2. The level of inflation 18% - whatever you say about Friedman controlling inflation was one of the central planks of his theory.
Was exiting the ERM mentioned under Lamont? I remember interests rates at that level and higher due to all that.
Quote:3. The interference of unions in progress - e.g. Brenda Dean and the print industry
She was battling for the rights of her members and if you look into this in any detail you will find she was opposed by many local union leaders as she tried to end the casual labour that dominated the industry because getting them all unionised would have undermined the local leaders influence and position. She wasn't opposed to progress but was batting on a losing wicket because to a large extent local leaders felt they could continue to hold papers to ransom (by preventing them going to print). Murdoch saw that as the opportunity he needed to undermine Dean. It wasn't unions (ad Dean's level) interfering in progress but very old fashioned local chapel leaders who wanted to retain their influence who couldn't see what was coming that were the problem. They wanted to carry on with the way things were as art of an almost feudal system. Dean recognised this but was hamstrung from the start. There is a lot of stuff on the net about this dispute and it makes interesting reading.
Quote:4. The perception of Britain worldwide as a the sick man of Europe
And with our triple A rating gone and no manufacturing industry in comparison to the likes to Germany and France we aren't now? I certainly feel we have been dumped on from a very great height and when we see things like the Aussie dollar surge and make it prohibitive for us to travel there as opposed to the other way around we really are in a mess.
Quote:5. How we could have used Oil revenues more productively
Nigel Lawson should have been shot for selling off BNOC.
Last league derby at Central Park 5/9/1999: Wigan 28 St. Helens 20 Last league derby at Knowsley Road 2/4/2010: St. Helens 10 Wigan 18
Post subject: Re: Ding Dong the wicked witch is dead...
Posted: Fri Apr 12, 2013 11:48 am
samwire
International Board Member
Joined: Sep 04 2002 Posts: 335 Location: Chester
DaveO wrote:And with our triple A rating gone and no manufacturing industry in comparison to the likes to Germany and France we aren't now? I certainly feel we have been dumped on from a very great height and when we see things like the Aussie dollar surge and make it prohibitive for us to travel there as opposed to the other way around we really are in a mess.
ok, it's from wikipedia, so no doubt you have your reliable sources to back up your claims.
German GDP by sector Agri 1% Ind 28.5% Services 70.5% French GDP by sector Agri 2% Ind 19.0% Services 79.0% UK GDP by sector Agri 1% Ind 21.5% Services 77.5%
TotalRl.com - Home of Stupid Questions, Friday Pix and of course Millward is a Gurner.
Post subject: Re: Ding Dong the wicked witch is dead...
Posted: Fri Apr 12, 2013 11:50 am
Knuckles
International Star
Joined: Jan 06 2012 Posts: 582 Location: London (formerly Saville Row)
SmokeyTA wrote:You also get to make things up and pretend you are something you aren’t.
Like a wounded ex-serviceman with a husband. It’s a weird thing to pretend but you can do it on the internet. You can even respond with faux-indignation when you get caught out pretending, again it’s a weird thing to do, but as you are proving, you can do it on the internet.
It never ceases to amaze me how people like you and your union mates construct a story in your heads and filter what you read to suit your theory. It’s sad and I’ve seen it in many middle aged people who have sad lives and who live their lives based on a self delusion, only to be reinforced in a place like this forum where the self important thrive. I’ll wager most of those I described are stuck in dead end minor supervisory jobs and blame everyone else including Maggie (God bless her) for your pointless lives.
My motivation to write on here is only to amuse myself at your indignation
Users browsing this forum: No registered users and 158 guests
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot post attachments in this forum