Wednesday, Jun 14, 2006

Inexorable rise of the Public Sector!

BBC News: Further rise in UK jobless total

The number of people out of work in the UK has increased yet again, Office for National Statistics figures have shown.
The jobless total rose by 77,000 to 1.61 million from February to April, lifting the unemployment rate to 5.3%.

"While the manufacturing sector continued to suffer, the biggest increases in jobs came in education, health and public administration. "

Posted by tyrellcorporation @ 12:00 PM (518 views)
Add Comment
Report Article

15 Comments

1. tyrellcorporation said...

"(The pay data) significantly enhances the case for unchanged interest rates for some time to come"
Howard Archer, Global Insight chief economist

Good 'ol Howard gets his plug in...

The continuous increase in Public Sector non-jobs and paper-pushers at the expense of wealth-creators is terrifying!!! Labour are full-steam-ahead with the total destruction of our competetiveness and productivity and are laying the foundations of a nightmare economic scenario for the generations to come...

Wednesday, June 14, 2006 12:09PM Report Comment
 

2. Thisgent said...

Agreed. The only thing stopping the economy from recession at the moment is the government spending which will have to stop at some point. The hard times are a-coming...

Wednesday, June 14, 2006 12:14PM Report Comment
 

3. Retiredbanker said...

This Government has caused irreversible damage to our country.

A good old socialist shambles on every front:- education, health, immigration, pointless red-tape, etc,etc.

However with so many people now working(?) in the public sector, and umpteen thousand others dependent on
hand-outs from the State, will Labour ever be voted out?

Wednesday, June 14, 2006 02:23PM Report Comment
 

4. George Monsoon said...

We could always circumvent democracy just like this government has done since they came to power, and just overthrow them by Civil War!

Sounds extreme right now, but just you wait until global inflation forces the interest rates up by a couple of % !

Wednesday, June 14, 2006 02:53PM Report Comment
 

5. Japanese Uncle said...

"A good old socialist shambles on every front:- education, health, immigration, pointless red-tape, etc,etc."

Although Tories may well prefer this cliche, what is really going on is much worse than this. I mean financial crisis of NHS e.g. is not just another red-tape hazard, but the Bliar's criminal scrounging of the public asset, whch have been and still are given away to the big businesses for whom he is really working (to secure his super wealthy retirement) under the plausible title of the "PFI".

Also the policy to increase public sector workers uncontrollably has been working nicely as economic stimulant albeit on a short term basis, as those earning sizable salaries for the "non-jobs" can afford to buy 42 inch LCD TV on the high street, but for how long. Crash Gordon's economic miracle has been attained at the expense of the inevitable economic suffering on the side of the majority of the nation for generations to come, who are likely to be forced to reatire in sheer poverty.

Wednesday, June 14, 2006 03:24PM Report Comment
 

6. Ticktock said...

New Labour are not Socialist, and it is totally disingenious to suggest otherwise. They are State Capitalists like Stalinist Russia and present day China.

This country (and many others) is in a mess because of neo-liberal capitalism, not because of socialism.

As The Gent rightly says, the only thing preventing recession is state spending. This is because foot loose and fancy free capital no longer feels oblidged to reinvest in job creation, or any other meaningful investment beyond pure financial speculation.

Unshackled from the burdens of social obligations and loyalty to ones Nation, these neo-capitalists will prove once and for all that they have no answers, no solutions, and most brilliantly (for those eho await the backlash eagerly) no loyalty to their Nation at all.

Bring it on indeed.



Wednesday, June 14, 2006 03:29PM Report Comment
 

7. Sloth said...

Tick Tock,

The state can only transfer money away from where it is more wisely spent by the people that actually earned it. The extortion funded sector is the lazy sector, as they are immune from the most effective economic information system ever developed, i.e. voluntary custom.

The only thing that's keeping the economy going is DEBT. Debt is a temporal (time) phenomenon were by future wealth is being consumed NOW, at the expense of a wealthier future. This debt is encouraged by the adversely low interest rates.

The fact that the government can and does manipulate borrowing rates is a socialist act. You may also notice that borrowing is at an historic high. Government borrowing (enslaving ones own children) is also at a high however like the inflation stats, things like pensions obligations (that do not have a fund) are not included in published figures.

You sound a bit National Socialists. The coerced collectivist insanity has murdered 100 Million people last century. Lets turn our backs on this failed idea eh?

Wednesday, June 14, 2006 05:20PM Report Comment
 

8. Ticktock said...

Sloth,

You won't get an arguement from me on the debt point, nor that of government borrowing in general.

However, you seem to believe that the Government, rather than Goldman Sachs and Co. set interest rates, and this is a huge mistake. The democraticly elected government has long since conceeded control of such things to those with greater power. If the government seeks to wrestle back a little influence from these forces, on behalf of those who elected them to run the country, is this a bad thing?

It never ceases to amaze me that people who aspouse the virtues of freedom and democracy to such an extent, can support so enthusiasticly those who seek to undermine, or reduce the power of the elected government. How could income tax, for example, anger you more, than income tax avoidance, which ultimately costs us all more, and totals far more than all government spending combined. Only the seriously delluded could mistake which of the two was more the crime.

I can assure you that I am certainly no fascist (which seems to be the only narrow interpretation of what constitutes National Socialism in the UK) but it could equally be argued that in fact capitalism has killed far, far, more people.

Remember that we declared war on Germany, and not the other way around. History is, after all, written by the victor.

Without 'extortion' ,by which i presume you mean income tax,to pay for the 'lazy sector' , the poor would be in a wretched state in the UK, and would therefore likely rebel much sooner. Perhaps you should be careful what you wish for in this respect?

Wednesday, June 14, 2006 08:29PM Report Comment
 

9. Liberal said...

Woah Sloth! I am sure you are sincere in your views, but I think your enthusiasm for capitalism over socialism shows signs if "irrational exuberance". On balance I would say that capitalism has done more damage world wide than socialism...

Be that as it may don't forget that capitalism is predicated on indefinite growth, which is impossible on a finite planet... which is precisely why we are facing an HPC :)

Thursday, June 15, 2006 12:25PM Report Comment
 

10. inbreda said...

Well said Ticktock.

Sloth - the actions of a few madmen hardly disprove something that is not associated anyway. Am I right in thinking you're referring to communism?

Besides, let's not forget that including the times of sanctions, our own system has killed over a million innocent men women and children in IRAQ ALONE in the last ten years. If the number of deaths is the measure by which a system has failed then we really are up shit creek.

Thursday, June 15, 2006 02:34PM Report Comment
 

11. tyrellcorporation said...

That's odd I thought Saddam was responsible for the mass deaths in Iraq over the last 10 years... Maybe it was George Bush all along in a Mission Impossible style mask... Silly me!

Thursday, June 15, 2006 03:39PM Report Comment
 

12. Sloth said...

Inbreda,

Saddam built palaces whilst the people starved. The deaths were solely his responsibility.

Thursday, June 15, 2006 04:53PM Report Comment
 

13. Bunny said...

tyrellcorporation: Yes, it was George Bush, silly you.

Sloth et al: Capitalism depends upon growth and indefinite growth is impossible on a finite planet. That is precicely why we are heading for a HPC!

Thursday, June 15, 2006 09:22PM Report Comment
 

14. This comment has been removed as it was found to be in breach of our Blog Policies.

 

15. tyrellcorporation said...

Bunny, tut-tut!...same old anti-American dogma tripped out by snivelling lefties who deliberately ignore all the trappings of luxury around them and think everyone would be happy in a miserable collective getting state handouts and having no freedoms to do diddly-squat!

RSA = Rampant Selective Amnesia. An unfortunate trait of economically illiterate lefties.

Friday, June 16, 2006 08:13AM Report Comment
 

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines
Username  
Admin Password
Email Address
Comments

Main Blog | Archive | Add Article | Blog Policies