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World’S Wealthiest Richer Than Before Credit Crunch

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We are well and truly in the milking phase now, the elites milk what's left of the serfs money and then quickly turn it into real assets, this is before the whole stinking lot comes crashing down and we start over again, with some more ridiculous paper no doubt.

Look at Greece, the elites have already been over rubbing their hands together, eyeing up what they fancy...

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World's govs has been taxing hard working folk to give money to the banksters so it would be surprising if the rich had got poorer.

Edited by davidg

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That is socialism for you.

1. Distort markets through regulation to protect certain industries and raise barriers to entry

2. Tax everyone as much as you can

3. Provide jobs/welfare/bailouts to a chosen few.

If we had real free markets.

1. Banks/any other business would fail and be replaced, the consumers voting with their feet would be the regulation.

2. Spend your money on what you choose, wealth flows to those that create value.

3. No one eats unless they do something worth something to someone else, no leaches.

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That is socialism for you.

1. Distort markets through regulation to protect certain industries and raise barriers to entry

2. Tax everyone as much as you can

3. Provide jobs/welfare/bailouts to a chosen few.

That's more corporatism or statism, really. Socialism is simply free association of labour.

If we had real free markets.

1. Banks/any other business would fail and be replaced, the consumers voting with their feet would be the regulation.

2. Spend your money on what you choose, wealth flows to those that create value.

3. No one eats unless they do something worth something to someone else, no leaches.

Fine, apart from the last one. Why should I have to do something for someone else? That makes me a slave to my fellow man, as much as any state-run communist system.

Why can't I look after myself as our ancestors did since the dawn of time?

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That is socialism for you.

1. Distort markets through regulation to protect certain industries and raise barriers to entry

2. Tax everyone as much as you can

3. Provide jobs/welfare/bailouts to a chosen few.

If we had real free markets.

1. Banks/any other business would fail and be replaced, the consumers voting with their feet would be the regulation.

2. Spend your money on what you choose, wealth flows to those that create value.

3. No one eats unless they do something worth something to someone else, no leaches.

1. Except where socialism does this its aims are to raise the bargining power of the average worker and so raise their incomes relative to capital, to reduce differentials. The market protection and barriers put in place have done exactly the opposite to this. This isn't even close to being socialism it is in fact crony capitalism.

2. Wrong. Socialism has high taxes on the wealthy and much lower precentage based taxes as you move progressively down the income ladder. This is exactly the oppositive of what we have had, with most of the tax increases over the past couple decades being regressive (VAT anyone?) while at the same time lowering taxes on the wealthy or making little effort to plug the holes by which they avoid tax. Again crony capitalism.

3. Completely and utterly wrong. Socialism has at its heart the welfare of the masses. This is not to say that socialism is the best way of looking after the welfare of the masses, but it IS based on trying to look after their welfare. If you look at the history of socialism in the UK, the point at which it was strongest was the 1970s, and was when over half the workforce were in unions. Indeed, globably socialism was born from trade unions which are inherently mass people movements. Looking after the welfare of the few is the complete antithesis of what socialism stands for.

I agree, true free markets would be much better because what we currently have is much worse than either socialism or true capitalism. Its some unholy merger of the state and capitalism to give corporate facism / corporate capitalism, upon which swims a tiny unimaginably wealthy plutocratic and oligarchical elite.

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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