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Chris Dillow: Cameron's Consistent Error.


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#1 CrashConnoisseur

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Posted 29 March 2012 - 04:40 PM

Another insightful article by Chris Dillow...

'Cameron's consistent error':
http://stumblingandm...tent-error.html

The government has been criticised for triggering panic buying of petrol. What’s not been pointed out is that its mistake here is not an isolated one, but is in fact a common theme of some of its major policies.



#2 SleepyHead

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Posted 29 March 2012 - 05:40 PM

Cameron most likely believes Adam Smith. "Individual ambition serves the common good" You can see it in every policy direction they have.

The lesson he needs to learn is this, "the best result will come from everyone in the group doing what's best for himself, AND the group."


http://www.youtube.com/watch?v=CemLiSI5ox8


#3 danlee74

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Posted 29 March 2012 - 05:51 PM

Cameron most likely believes Adam Smith. "Individual ambition serves the common good" You can see it in every policy direction they have.

The lesson he needs to learn is this, "the best result will come from everyone in the group doing what's best for himself, AND the group."


Great film and a great lesson!

#4 SleepyHead

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Posted 29 March 2012 - 06:49 PM

Great film and a great lesson!


Yep, and it doesn't look like any of our politicians on either side have seen or understood it.

The work experience scheme is a good example of Cameron's lack of understanding.

  • The young jobless say they're being refused work because of "lack of experience" (when truth is employer had 100 applicants for 1 post, and had to give a 'reason' why they're refused)
  • MPs think, 'lets give em experience. lets start a scheme'
  • Now all the young have experience, in the same job, and have the same reference. All of which now cancel out each others reference.
  • There's now fewer jobs available because all the paid shelf stackers at Tescos have been replaced with free workers.
  • There's now 200 applicants for 1 post. Employer has to come up with even more ridiculous reasons to reject.
and the whole process repeats again, and again.

Edited by sleeping dog, 29 March 2012 - 06:58 PM.


#5 200p

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Posted 29 March 2012 - 07:23 PM

There is no politician or magic bullet to resolve the problems in the UK. Well, unless the planet's population is reduced by 85%. But that's another story.

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#6 SleepyHead

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Posted 29 March 2012 - 08:32 PM

There is no politician or magic bullet to resolve the problems in the UK. Well, unless the planet's population is reduced by 85%. But that's another story.


They could just try doing nothing. If the politicians got out of the way and stop fiddling. Housing costs fall, and as a result British workers can suddenly work for less. Jobs can then be created.

Right now Brits are priced out of the world jobs market by high housing costs.

#7 R K

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Posted 29 March 2012 - 10:13 PM

They could just try doing nothing. If the politicians got out of the way and stop fiddling. Housing costs fall, and as a result British workers can suddenly work for less. Jobs can then be created.

Right now Brits are priced out of the world jobs market by high housing costs.


They're excluded by free capital flows.

A policy choice by Cameron and his predecessors for the last 40 odd years.

When they proclaim 'free markets' they forget to say 'free' for whom


"The problem with capitalism is that eventually you end up with everyone else's money" RK
"We have now entered The Great Rebalancing 2007-20xx" - RK
"Gold will go to $1000, Silver to $18" - RK August 2011
QE £100bn and build 1m council homes - RK
Carney announces the launch of Empire 2.0 - Rise of the Banksters Oct '13


#8 SleepyHead

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Posted 30 March 2012 - 08:03 AM

They're excluded by free capital flows.

A policy choice by Cameron and his predecessors for the last 40 odd years.

When they proclaim 'free markets' they forget to say 'free' for whom


Agreed. The free movement of capital is exposing our high housing cost economies to pain. The politicians are in complete denial about this.

#9 PopGun

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Posted 30 March 2012 - 08:39 AM

As far as Cameron, Blair etc are concerned everything is going to plan.

Get ready for the next phase of misinterpreted Neo Keynesianism: The complete shifting of public to private sector the burden of employing people to drill and fill in holes.

What's that great HPC platitude about deck chairs and the Titanic again? Nothing at all to do with distracting from the main issue.

Edited by PopGun, 30 March 2012 - 08:40 AM.

"the remarkable result is that under Mrs Thatcher from 1979-90, just as under Tony Blair from 1997-2007, the real value of Housing Equity Withdrawal is larger than the real value of GDP growth"

#10 spyguy

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Posted 30 March 2012 - 10:59 AM

I've been reading Chris Dillow for quite a while. First in the investors Chronicle, then odd ventures onto Stumbling + mumbling.

He does tend to over analyse things. An occupation hazard if you're paid to think + write.

Sometimes things are that way because thats the way sh1t falls.

#11 Executive Sadman

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Posted 30 March 2012 - 12:02 PM

As far as Cameron, Blair etc are concerned everything is going to plan.

Get ready for the next phase of misinterpreted Neo Keynesianism: The complete shifting of public to private sector the burden of employing people to drill and fill in holes.

What's that great HPC platitude about deck chairs and the Titanic again? Nothing at all to do with distracting from the main issue.


Delightful, isnt it?

The corporatist marxists in Con HQ think (probably rightly) if we privatize services, all those fearful of big govt will be relieved and put at ease.

Wrong. ALL these 'private' companies still operate under state monopoly. All these private housebuilders are nothing without planning permissions and credit created and issued by state monopolies.

The market is anything but private. Private ownership alone does not a free market make. Privatization is nothing of the sort, Feudalization would be a more accurate description. The control and coercion is still there, but the monopoly has had its legal status changed. That is all.
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#12 Blue Peter

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Posted 30 March 2012 - 12:19 PM

Delightful, isnt it?

The corporatist marxists in Con HQ think (probably rightly) if we privatize services, all those fearful of big govt will be relieved and put at ease.

Wrong. ALL these 'private' companies still operate under state monopoly. All these private housebuilders are nothing without planning permissions and credit created and issued by state monopolies.

The market is anything but private. Private ownership alone does not a free market make. Privatization is nothing of the sort, Feudalization would be a more accurate description. The control and coercion is still there, but the monopoly has had its legal status changed. That is all.

Isn't it a form of fascism - corporatism? The state sells the natural monopolies to corporations, effectively mixing the state and corporations. Due to the essential nature of the services, the state can't allow the corporations to fail, so the two become entwined.

More prosaically, the government are desparate to get any cash in, now that they see that there won't be any significant growth, so they'll sell anything they can. Might as well do it before the IMF forces it,


Peter.
Smile and wave boys, smile and wave.

#13 PopGun

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Posted 30 March 2012 - 01:04 PM

Delightful, isnt it?

The corporatist marxists in Con HQ think (probably rightly) if we privatize services, all those fearful of big govt will be relieved and put at ease.

Wrong. ALL these 'private' companies still operate under state monopoly. All these private housebuilders are nothing without planning permissions and credit created and issued by state monopolies.

The market is anything but private. Private ownership alone does not a free market make. Privatization is nothing of the sort, Feudalization would be a more accurate description. The control and coercion is still there, but the monopoly has had its legal status changed. That is all.


Yep, someone somewhere is stroking a white pussy with delight!
"the remarkable result is that under Mrs Thatcher from 1979-90, just as under Tony Blair from 1997-2007, the real value of Housing Equity Withdrawal is larger than the real value of GDP growth"

#14 Lambie

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Posted 30 March 2012 - 01:19 PM

Yep, someone somewhere is stroking a white pussy with delight!


it's Ed Balls isn't it.

#15 RufflesTheGuineaPig

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Posted 30 March 2012 - 01:38 PM

As far as Cameron, Blair etc are concerned everything is going to plan.


The biggest coup the Tories have ever had, their crowning achievement in the last 100 years, was getting "New Labour" elected.

A group of Tories with red hats on, pretending to be Labour, implemented conservative policies until they destroy the economy. And then the public, feeling let down by socialism, turn the the Tory party for salvation, and they, is a whirlwind of neo-conservatism, backed by a wave of popular support by fools who know know better, hand the entire nation on a plate to their wealthy friends, reversing hundreds of years of progression and returning the country to a truly feudal state.

Things haven't gone wrong with the economy... they've happened exactly as intended.
It's time to pay the piper. There is no magician who will magic away the debt. Someone is going to have to pay it. Bend over and prepare to make payment.

In this glorious nation of ours, if you work hard and keep your head down for 25 years then you too can aspire to own one-eighth of a one bedroom flat in Manchester.


My mum and day always tell me how important it is to save to buy a house. They should know, it took them nearly 6 months to save for theirs. As teenagers, they bought a 3 bed semi.




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