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Politics, politics, politics (so long and thanks for all the fish)

Gutter Boy said:
More economic protectionism. Nationalisation of key sectors, state interventions to fill gaps where the market is failing, higher import tariffs on non-essential goods (to get people buying domestically produced equivalents) etc. Fixing the balance of payments doesn't always have to be a race to the bottom.
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How do you go about nationalizing sectors?
 
Finney Is Back said:
How do you go about nationalizing sectors?
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I'm not in favour of nationalising whole sectors, but they had an opportunity to do a Northern Rock with Bulb and put all customers from failed energy companies into a state-owned energy provider, like EDF. If that provider then offered consistently low prices, people would move to it over time and the profits used by the country.
 
Truss is gone isn't she?

Another absolute car crash on BBC just now. Then Gove admitting the backbenches will vote against her budget.

I'd give her 2 weeks maximum
 
Gutter Boy said:
Truss is gone isn't she?

Another absolute car crash on BBC just now. Then Gove admitting the backbenches will vote against her budget.

I'd give her 2 weeks maximum
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Remarkable that someone who really isn’t very intelligent can get to be Prime Minister.

She obviously takes a very long time to process basic information; being able to process vast amounts of information quickly is surely a basic prerequisite of the job.
 
Gutter Boy said:
Compulsory purchases, with prices and long term payment plans weighted towards the people. It's easier with transport as they are mostly franchises, but energy can be done too

People need to remember that these were stolen from us by Thatcher - we are just taking our land, water and minerals back from the thiefs
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Cue every reasonable sized private organisation exiting the country and zero investment inwards…. and that’s before you consider the implications on the financial markets where numerous funds (including the bug pension funds) see massive devaluations. ‘Nationalize it’ is a great sound bite but just doesn’t work in the real World. The only nationalisation that can take place is full bail outs of collapsed companies or those at last knockings of trying to restructure their debt and the capital markets deeming it too high a risk. Labor’s idea of a new Green Energy company is an excellent one and I’m a big advocate of this sort of thing but, even here, you would have to be very careful on how and how much you subsidise it.
 
Finney Is Back said:
Cue every reasonable sized private organisation exiting the country and zero investment inwards…. and that’s before you consider the implications on the financial markets where numerous funds (including the bug pension funds) see massive devaluations. ‘Nationalize it’ is a great sound bite but just doesn’t work in the real World. The only nationalisation that can take place is full bail outs of collapsed companies or those at last knockings of trying to restructure their debt and the capital markets deeming it too high a risk. Labor’s idea of a new Green Energy company is an excellent one and I’m a big advocate of this sort of thing but, even here, you would have to be very careful on how and how much you subsidise it.
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Why would ‘every reasonably sized private organisation’ exit the country if we nationalised water, energy and transport?
 
Mikey10 said:
Why would ‘every reasonably sized private organisation’ exit the country if we nationalised water, energy and transport?
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They wouldn't. It is another of those throw away 'financial' comments, like all the City would flee to X location if taxes go up. There has never been any evidence (anywhere including here and USA) to support these sorts of melodramatic statements that regularly get circulated when people suggest semi-radical moves against the ironically called 'free' market.

Re-nationalisation of failed monopolies such as power, water and transport could be a major attraction to investment and lure companies here with the the promise of low-cost (or at least competitive) and stable infrastructure.
 
Bullet said:
What are you referring to?
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Ah yes, context is helpful!
Watch Truss on Laura Keunsberg this morning. Absolute car crash.

-Did you discuss lower the 45p tax rate with your cabinet?
- No.
(Weird pause)
It was a decision made solely by the Chancellor.
 
Finney Is Back said:
I don’t get you, please explain?
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You can't force companies to pay higher wages when they can circumvent it by importing cheaper labour from abroad. So stopping social dumping (freedom of movement) allows us to stop wages being undercut (if/when a government decides it wants to do that)
 
Gutter Boy said:
You can't force companies to pay higher wages when they can circumvent it by importing cheaper labour from abroad. So stopping social dumping (freedom of movement) allows us to stop wages being undercut (if/when a government decides it wants to do that)
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have you heard of something called the minimum wage?
 
Gutter Boy said:
You can't force companies to pay higher wages when they can circumvent it by importing cheaper labour from abroad. So stopping social dumping (freedom of movement) allows us to stop wages being undercut (if/when a government decides it wants to do that)
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Isn't Germany considered a high wage economy?
Despite being in the EU and having tonnes more immigration.
 
Lost Mango said:
They wouldn't. It is another of those throw away 'financial' comments, like all the City would flee to X location if taxes go up. There has never been any evidence (anywhere including here and USA) to support these sorts of melodramatic statements that regularly get circulated when people suggest semi-radical moves against the ironically called 'free' market.

Re-nationalisation of failed monopolies such as power, water and transport could be a major attraction to investment and lure companies here with the the promise of low-cost (or at least competitive) and stable infrastructure.
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Exactly, you don't even need to nationalise transport. Just wait till the franchises end and don't re-tender for them, wouldn't cost a penny. All the track and carriages etc are government owned anyway.
 
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