Detournement
-
Posts
14,439 -
Joined
-
Last visited
Content Type
Profiles
Forums
Events
Store
Posts posted by Detournement
-
-
UK unemployment falls to 1.42m......
Even the BBC don't seem very comfortable reporting this shite.
0 -
2 minutes ago, Inanimate Carbon Rod said:
Because I dont believe a hard left brexit will be any different to a hard right Brexit, both would be disastrous for the economy . I dont believe Corbyn could negotiate it any more effectively either (both parties are a disaster). Corbyn’s public position is if elected he will strive to maintain free market access, but privately quite widely reported as being indifferent to such, his proposals for higher business taxes dont really persuade me otherwise.
For the first time in decades the two parties have differing priorities. Labour wants to increase the share of GDP that goes to workers. The Tories want to reduce it.
The thing that the majority of British remainers don't seem to understand is that their European heroes such as Merkel, Renzi, Juncker, Macron, Verhofstadt etc are also committed to lowering the wage share. The only difference is that they want to do in a less violent manner than psychopaths like Gove and Hunt. The EU has been a vehicle to hurt European workers, that's not up for debate.
https://www.economicshelp.org/blog/135320/economics/labour-share-of-gdp/
0 -
33 minutes ago, Inanimate Carbon Rod said:
labour hard left brexit is just as unappealing as the current hard right one.
Why?
1 -
Tories only rebel to the right.
There is no chance that any of their Remainers will do anything that increases the chances of a Corbyn/McDonnell government.
0 -
35 minutes ago, John Lambies Doos said:
Was just thinking about this the other day. Seems to get ignored, wait until the 5hr queues for workers getting back into Spain each evening kicks in....
Viva Espana!Once they lose their tax haven status within the EU there won't be any workers.
0 -
10 hours ago, welshbairn said:
Has this anti-neoliberal economic model ever been tried out in the real world? Is anyone quite sure what neoliberalism really means? I'd say the Growth Commission were quite right to assume the current system and market reactions to the economy of a newly independent country when looking for the safest course for the initial years. All can be adapted in time, we have to get there first.
I'm not sure it can be adapted in time. Once you are locked into Sterling then it's very difficult to get out. If an independent Scotland threatened to implement policies which ago the financial sector doesn't like it would be easy enough for the bond markets and BoE to generate a crisis in favour of the Wilson/RBS faction.
-2 -
11 hours ago, sophia said:
"Scotland would be exposed to British government decisions yet have no political stake in those decisions."
"Scotland would be better off staying within Britain and exerting internal political pressure to improve its situation."
^^^^
I can't even begin to comprehend how that is remotely serious or coherent
It's fairly straight forward. It means that you are better off having a small influence in a structure which has the potential to create an equitable economy rather than complete control of a structure which is cemented into an austerity/debt spiral.
Mitchell does a good job of highlighting how under Wilson's plans a lot of fiscal power would reside with Bank Of England style "independent" bodies thus limiting the actions of any elected government.
-2 -
http://bilbo.economicoutlook.net/blog/?p=39501
A good analysis of Andrew Wilson's idiocy.
-2 -
31 minutes ago, JamieThomas said:
Brb lads, popping over to China to stop them from polluting the planet. Should only take five minutes or so.
Our contribution to reducing pollution in China is straightforward.
Stop buying so much shite off them and stop sending them our waste products.
0 -
They are both opportunities to decouple from the economic model that is destroying the planet.
Opportunities to change structures permamently rather than just small, temporary policy shifts.
0 -
6 minutes ago, Inanimate Carbon Rod said:
Whats really telling is those frothing at the mouth to discredit that channel 4 journo on twitter who then points out its from a pro brexit paper still seem to think this is scaremongering. These people and anyone who thinks brexit will be a good thing are mindless morons who should be fired off to Cornwall, boxed in and allowed to do whatever the f**k they want and let the humans continue.
Can any of brexit squad on here actually say they still think its gonna be positive?I'm not sure the Murdoch papers are proBrexit. The Times itself was remain and is close to the Hammond soft Brexit faction.
0 -
39 minutes ago, git-intae-thum said:
“In the second scenario, Scotland will run out of food within a couple of days"
Why Scotland specifically I wonder. May be wrong but I think we are a net exporter of foodstuffs.
Funny its assumed that we are supposed to be the first to go without?...to feed them that voted for it.
If the supply chain slows down the supermarkets won't be sending lorrys up the M6 past empty shops. They will sell the stock where they make the most profit.
The Scottish government repsonse to this should be to point out that we could do with a decent port in Scotland to take some of the strain.
0 -
10 minutes ago, Londonwell said:
I’ve just jumped on the bandwagon tbh
But it’s been levelled at Detournment on a number of occasions, none of which he/she has denied, I don’t believe, so that was good enough for me.
Arguing with strangers about your own identity is the height of absurdity.
Not something i'm going to get involved in.
0 -
Does anyone genuinely think the SNP are going to call a referendum in this Parliament?
0 -
The main issue is Glasgow being at a disadvantage by losing a home game. If it comes down to the final fixture with both clubs needing to win to determine 1/2/3/4 it's going to be extremely awkward for the SRU.
It's also a sore one for the fans as they are losing a fixture which is guaranteed to be competetive and falls outside the international release and rest periods.
0 -
Forcing Glasgow to lose a home fixture and taking the Pro14 games off FTA TV.
Has Regan moved to the SRU on the quiet?
0 -
20 minutes ago, John Lambies Doos said:
It really is simple, Scotland would be far better off if it controlled its own destiny
Under the arrangements of the GC we wouldn't be in control of our own destiny though. We would be in thrall to the BoE and the bond markets.
0 -
He was obviously put on the payroll of whoever funds Maajid Nawaz and Ayaan Hirsi Ali.
0 -
3 hours ago, AUFC90 said:
All that to not answer a single question.
Because the amounts are irrelevant. What is important is the ability to refinance at cheap rates (preferably zero).
The growth commission plan means an independent Scotland couldn't do that and would tie the hands of any elected government to change course.
0 -
The UK government is constantly issuing 2,5,10 and 30 year bonds. So for example the 10 year bonds issued in 2008 will be paid off this year.
The UK government can always print more money so the interest rates are low. The bond market doesn't care if the total debt ever goes down only if the particular bond they are buying is paid off. There is zero chance of the UK defaulting while it is in control of it's own currency. However if Scotland was independent and piggybacking on the pound we would have the same issues as Greece and Italy where borrowing rates increase as we couldn't print money. We could also expect the BoE to be even less helpful to an independent Scotland than the ECB has been to Greece to Italy.
The entire system is a scam. There is no reason why the UK government should have to borrow from bond markets other than to make profits for the bondholders. Last year Labour proposed a state owned investment bank which would lend money to the government at 0% for public investment. This is a step towards fiscal sanity. The growth commission report is a step towards pauperism.
0 -
8 minutes ago, AUFC90 said:On 5/30/2018 at 12:43, Detournement said:Or Sturgeon is a dull centrist who has no problem with austerity as long it's legislated in Scotland. And it is her who is ignoring the substance of the report eg limiting the deficit to 3% within 5-10 years.
The "attainable prize" is a delusion the 21st century, every other small country they reference developed in entirely different economic conditions. She doesn't address where the investment is to come from, ignores that debt/GDP is to be limited and that debt repayments to rUK are to come out of general spending. Fiscal expansion under these conditions is impossible.
We only have to look to Italy to see what this version of economics results in. We would actually be in worse position than Italy as we would be just as dependent on the bond markets but with zero central bank support.Debt repayments to the uk? You have no idea what Scotlands debt would be after indy? We are literally liable for none of it. The uk aint paying off its debt anytime soon and neither is Scotland.
Tell that to Nicola Sturgeon and Andrew Wilson. The Growth Commission suggests an independent Scotland paying £5 billion a year to rUK out of general government expenditure.
And FYI the UK is constantly paying off debt and taking on more debt. Under the fiscal system proposed by the GC we would be paying off debt but limited in how much more we can take on and subject to higher interest rates.
0 -
1 hour ago, John Lambies Doos said:
Too wee and stupid, that's what you're really saying.
Ireland far outperforming UK, no oil etc etc but some want us shackled to a defunct UK.....I don't understand what you mean with the too wee, too stupid comment?
Ireland's GDP is inflated by their choice to be a tax shelter for American corporations in the EU. Irish GDP increased by 26% in 2015 because they were forced to include the activity of companies head quartered there. For example Facebook paid 30 Million Euro tax on 12 Billion Euro income. There are thousands of American companies doing the same thing. This is not an economic model that Scotland can or should want to follow and the EU commission is already in the process of cracking down on it.
1 -
Just now, John Lambies Doos said:
Look at Ireland...
The benefits of money laundering...
How much of the that GDP is US corporate profits being taxed at 1%?
0 -
France's Q1 growth was revised downwards to 0.2% so not so different from the UK.
The primary problem isn't Brexit it's a broken economic model which has been artificially propped up by QE and low interest rates for a decade. Keep your eyes open for the 15 second news bulletin later where the BBC mention that plans to unwind QE have been temporarily delayed.....
0
But it’s been levelled at Detournment on a number of occasions, none of which he/she has denied, I don’t believe, so that was good enough for me.
The Official Former President Trump thread
in The Politics Forum
Posted
Mutual defence of democracies LOL