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Everything posted by bartelbe

  1. Yet journalists in the London and London politicians wonder why their is a skill shortage? Think they would work a potential dangerous job, with unsocial hours, which requires specialist training for £11.75 an hour? Being an MP is effectively a no-skill job that anyone can do and yet they insist an 88K a year and think they are underpaid.
  2. You don't live in a place I like to call reality do you? Building multiple lines between towns and cities to have rail competition would be massively wasteful and isn't going to happen. It is even more deluded to think that if rail was in private hands, a private sector company would invest the money required to build a second rail network to create such competition. How you can fail to grasp that very simple concept is beyond me.
  3. Y The voters might not be living in economic reality but that isn't what decides elections. If gas prices quadruple in a year, the government is dead, it is that simple. Especially when energy companies are making record profits.
  4. Don't let cheese disgrace pork markets worry you, noway that useless airhead wins a general election and how much damage can someone as useless as her do in two years?
  5. For years the line has been, don't worry about government debt, housing debt and consumer because it wasn't feeding inflation. Now inflation is taking off, people are whining about interest rate increases because of a potential recession. It is like listening to a junkie desperately telling us they can handle it, just hand over the drugs. If this recession is caused by a supply side crisis, reducing interest rates is a waste of demand. The point of Keynesian stimulus measures was to deal with recessions caused by a lack of demand, that isn't the issue here. If we don't increase rates, the pound will tank and inflation we run completely out of control. The economy is f**ked because decades of mismanagement. This time we can't fix things by printing money or lowering rates.
  6. You're another person who isn't living in political reality. Your ideas work in an economics textbook but they don't work in a democratic state in which the government can be booted out by the voters. The voters aren't going to accept you version of rationing, however rational it appears to you. The government either has to take some form of action, subidies for example or the government will be in opposition. The case for rationing is made even harder for politicians when energy companies are making record profits.
  7. No they are natural monopoly because it is inefficient to have two or more lines from one location to another. The Tories tried to get round this with open access operators but that didn't work because you can't have two trains occupying the same line at the same time. Meaning you effectively only have one operator for most services. I assume all the rubbish you posted above is your, poor, attempt at humour. I can't believe anybody can be that dim.
  8. So? That doesn't mean that GPs are either part of the public sector or the NHS. The are paid for by the NHS but GP services are and also have been private businesses. This was how the NHS was setup.
  9. Legally you are right but there is a different court, that of public opinion. There was nothing to stop the government taking every person who refused to pay the Poll Tax to court. It didn't happen because it was politically toxic to do it. Can you imagine what would happen if millions of people had a prepayment meter imposed on them? People with no criminal record, many Tory voters and Daily Mail readers? The Tories would watch their poll rating plunge through the floor. It is very naive to think any politician would do nothing in that situation.
  10. I am sure that sounded good in your head but as a comeback, epic fail. The reason why a plan to force prepayment meters on those on a energy payment strike is politically toxic, is because they will be forced onto people who wouldn't normally be affected by such things. When the Tories tried to introduce the Poll Tax, what f**ked them was Tory voting Daily Mail readers being taken to court over refusing to pay. The same would happen with a payment strike. Those of you who think that their wouldn't toxic political fallout from action against a mass payment strike, are very naive.
  11. That is what they said before the Poll Tax. You may know economic but you know very little about politics.
  12. Is it morally wrong to profit from the misery of the younger generation who have been priced out of the housing market? Is it morally wrong to profit from unearned wealth, generated not by your own efforts but by dangerously low interest rates. Which inflate asset prices and distort the economy? Is it morally wrong to use the fact you were lucky enough to get on the housing ladder when prices were low to borrow to buy a second and third home. Then charge ripoff rents to people who have no option but to rent?
  13. You're clueless about politics. You seriously think the British government could get away with installing unwanted prepayment meters in vast numbers of voters homes and then cut them off? I say the British government because they will get the blame. Hiding behind the private energy companies will not wash with the voters, who have the power to boot the current government out.
  14. The market is energy never made any sense. The energy companies we buy from are pointless middle men who add bureaucracy and cost to create the illusion of competition in the energy market. We would be far better off getting rid of all these pointless bureaucrats and simply offer the lowest price to everyone. It is also difficult to justify massive price increases when energy companies are making massive profits. That doesn't look like an industry in crisis, it looks like an industry ripping off the public. Who might be about to fight back via the don't pay movement. If millions decide not to pay ripoff energy bills, what are politicians going to do? Cut millions off in the middle of winter? Prosecute millions of voters who can boot them out of office? Not going to be fun to be a Tory this winter.
  15. Sigh, you don't get it do you? Some things are natural monopolies and trying to create competition simply doesn't work. Water is a classic example, it would be madness to have multiple companies laying different sets of pipes and building their own reservoirs to provide competition. By definition the water industry is a natural monopoly and no amount of regulation, to appease loony free market Tories can change that. Monopolies work better in the pubic sector than the private sector.
  16. I pity the fool who thinks they can fight progress and technology. I mean do you really think we would be better off without automatic train protection, getting rid of pointless fireman and other improvements that have made railways both cheaper to run and safer?
  17. I wouldn't worry about cheese disgrace pork markets, Maybot 2.0 won't be in office long enough to enact any of her loony ideas. Even if she tries, history tells us that trying to fight market fundamentals and prop up an asset bubble always fails. The more trouble the bubble is in, the more money you have to pour into it to keep it inflated. Even if thick as pigsh*t Liz is stupid enough to spend to the 10's of billions or more needed to keep the bubble inflated She will merely be pissing that money away. The market momentum is all going in the other direction.
  18. Two problems with your argument. The first is GPs are not in the public sector, they are private businesses. The second is, when given control of natural monopoly, the private sector is just as bad as the public sector. Look at the water companies as an example, loaded up with debt to pay dividends to shareholders. While leaks go unfixed and the rivers fill with sewage. The reason Tescos is efficient is down to the fact that grocery sales are not a natural monopoly. It is competition that drives efficiency, not private ownership. You can't create competition in sectors which are natural monopolies like power, water and rail. The Tories tried to do it and failed. I would also point out than the British supermarkets use to ripoff consumers, they made larger profits than their equivalents in other countries. This only stopped when the discount German supermarkets moved into this country. It was competition that makes the food retail market work, not private ownership.
  19. The RMT are not living in the real world I'm afraid. The reality is the majority of goods are shipped by road and most journeys are made by road. What power the unions had to shut the country down is further eroded by work from home. Employers don't fear a rail strikes as much as they use to because their staff can work remotely. The only way to increase railway pay is either to increase fares or subsidies. Increasing fares won't work because a large section of the population has already been priced off the rails and work from home means the railways can't hold commuters hostage in places like London anymore. Higher fares mean fewer passengers and less money for workers. It is not realistic to expect governments to spend more taxpayer money on the railways. Which government will prioritise railway pay over the NHS, social care, policing and education? The only way the railways have a future is to reduce costs, which mean embracing technology to do things with fewer workers and lower paid less skilled workers. The railway unions will blow a gasket about that idea, they will claim that it will lead to safety issues and the railways couldn't function without their highly skilled members. To be frank, I am not convinced. After all these are the same unions that insisted on keeping freemen as second drivers when diesels were introduced. Do we still need a worker with a plastic baton on the platform to check the doors when we have automatic doors and CCTV. Single manned trains work on far busier metro systems, so why not mainline trains? The ultimate saving is to get rid of drivers. With 21st computer technology and AI, drivers will eventually become obsolete. After all if we can build a self driving car a self driving train is simple by comparison. In many ways the unions need to be careful, if their demands are too outrageous politicians might decide that the upfront investment in tech is worth it to break union power.
  20. For a start most commodities are priced in dollars not pounds, so even for essential like energy and food, interest rates matter. Low rates mean a sinking pound and expensive imports. The other issue is the justification for low rates was low commodity prices and low prices for manufactured goods in world markets. The argument was, we could have low rates and QE because inflation couldn't take off in those conditions. We could effectively print money. Now those conditions don't hold it is madness to continue print money; the world of benign inflation is over, which means the world of free money is over.
  21. The BofE still doesn't get it? Inflation is running out of control and they are putting up rates in pitiful increments. Could someone explain what the point of all these 0.25% increases are, when they clearly have had no effect and the BofE could have simply jacked up rates to 1.75% in one go? Of course in reality they need to be much higher to have any hope of making a difference. Taking months to get to a rate level that will actually be effective is completely pointless. They need to grow some balls and put rates up to an effective level now.
  22. The problem is a lack of investment. I use to know someone who worked in engineering recruitment and she said that labour shortages were being created by employers. Non of them wanted to take on and train new staff, including graduates. What they wanted was a chartered engineer, with years of experience, willing to work for sod all. The result was inevitable, the workforce aged and employers began lobbying to import workers from other countries, ready trained. Preferably from poorer countries, willing to accept lower pay. While young Brits could do the right thing, get education and training. Then hit a brick wall because no employer would offer them a job to break into the industry they trained for. This is the truth across too much of the British economy and the elites either don't care or are oblivious. There own children bypass the problem because their families can afford internships and have the social contacts to get their offspring decent jobs.
  23. What has increased is number of deluded sellers who are trying to defy the market. These have always been around, there are houses in my area which keep coming on the market because the seller won't accept no-one will pay their insane prices. That is going to increasingly become the norm, until something happens to force owners to sell. Which is why higher interest rates and higher unemployment are the key. When the mortgage becomes unaffordable and jobs disappear, you get forced sales. When that happens that market will fall like a rock.
  24. Carbon neutral, provides baseload and nowhere near as dangerous as the ill informed think it is.
  25. Boomers dominate elections because there are so many of them and they are more likely to vote than the younger generation. This of course creates a feedback loop, politicians only care about the boomer vote, so all policies are tailored for them. Further alienating the young. The classic example is the reinstatement of the triple lock. While those of working age are told their pay must be held back to fight inflation, the government gives boomers billions in free money. Boomers are property owners, so anything which inflates the housing market is in their interest. Hence why policy has been tailored to keeping all the asset bubbles going for the last decade.
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