What is the point of Labour ?

[MazzyStar]

1 minute ago, Cheese said:

 

The SNP love BlackRock too. 

[Cheese]

1 minute ago, MazzyStar said:

The SNP love BlackRock too. 

^^^^ Jedi2 alias

[MazzyStar]

2 minutes ago, Cheese said:

^^^^ Jedi2 alias

Not defending Labour here, but do you really think the SNP wouldn’t sell off Scotland to BlackRock ,or whoever was the highest bidder, if they had the chance?  

[Cheese]

Just now, MazzyStar said:

Not defending Labour here, but do you really think the SNP wouldn’t sell off Scotland to BlackRock ,or whoever was the highest bidder, if they had the chance?  

Aye of course they would. I'm not a SNP member or voter though.

I'd also argue that Westminster doing it increases the liklihood of it happening much more up here too.

[Freedom Farter]

With the subscription block bypassed, if anyone requires that: https://archive.ph/S0EgA

[scottsdad]

2 hours ago, MazzyStar said:

The SNP love BlackRock too. 

Totally mis-read that.

[sophia]

Spare a thought for Tom Harris, he must feel as if the sky is falling 

 

[Leith Green]

3 hours ago, MazzyStar said:

Not defending Labour here, but do you really think the SNP wouldn’t sell off Scotland to BlackRock ,or whoever was the highest bidder, if they had the chance?  

That's a simplistic argument to make, but it's a moot point as BlackRock wouldn't get out of bed to "buy" Scottish assets.

They only give a shiny shite about macro, UK level, assets that can give them an even bigger waterfall of cash than they already have.

Areas like the emerging renewables sector spring immediately to mind.

Let's see what these cuddly socialist Labour chaps do.........

[MazzyStar]

Just now, Leith Green said:

That's a simplistic argument to make, but it's a moot point as BlackRock wouldn't get out of bed to "buy" Scottish assets.

They only give a shiny shite about macro, UK level, assets that can give them an even bigger waterfall of cash than they already have.

Areas like the emerging renewables sector spring immediately to mind.

Let's see what these cuddly socialist Labour chaps do.........

They’ve just bought Edinburgh airport. 

[Leith Green]

6 minutes ago, MazzyStar said:

They’ve just bought Edinburgh airport. 

No they didn't

Vinci group bought half of the airport.

BlackRock own half of Vinci.

And the airport is hee haw to do with the SNP or the Scottish Govt.

[MazzyStar]

1 minute ago, Leith Green said:

No they didn't

Vinci group bought half of the airport.

BlackRock own half of Vinci.

And the airport is hee haw to do with the SNP or the Scottish Govt.

I never said it had anything to do with Scottish government, but BlackRock clearly has and will buy Scottish assets. 

[Leith Green]

Just now, MazzyStar said:

I never said it had anything to do with Scottish government, but BlackRock clearly has and will buy Scottish assets. 

And?

A Scottish based company bought Blackrocks corporate pensions business 10 years ago.

Companies buy and sell assets all the time.

That really wasn't the point of the Guardian article.

[MazzyStar]

1 minute ago, Leith Green said:

And?

A Scottish based company bought Blackrocks corporate pensions business 10 years ago.

Companies buy and sell assets all the time.

That really wasn't the point of the Guardian article.

I’d rather a company like BlackRock wasn’t buying up Scotland.

[Leith Green]

1 minute ago, MazzyStar said:

I’d rather a company like BlackRock wasn’t buying up Scotland.

Me too, frankly ! I'm not sure we are arguing on this point.

But the issue, as noted in the article, isn't to do with relatively minor areas like the airport, but massive future revenue streams in areas like renewable energies.

That's something where you can almost smell Labour hooking up with BlackRock and giving them huge incentives to skim off the top of our assets for decades to come.

[MazzyStar]

4 minutes ago, Leith Green said:

Me too, frankly ! I'm not sure we are arguing on this point.

But the issue, as noted in the article, isn't to do with relatively minor areas like the airport, but massive future revenue streams in areas like renewable energies.

That's something where you can almost smell Labour hooking up with BlackRock and giving them huge incentives to skim off the top of our assets for decades to come.

Unfortunately, BlackRock is already buying up Scotlands renewable energy infrastructure. They bought the tormywheel wind farm in West Lothian in 2017 and were also involved with the SNPs awful scotwind project. 

 

[Freedom Farter]

Sturgeon and her then finance minister (Forbes) both met with BlackRock figures. You need the Scottish government to be doing things differently in order to effectively oppose the UK government over this. 

[Leith Green]

Pat McFadden on the radio - 

"You Cant"

"Spend"

"The Same Money"

"Twice"

He deliberately put a gap in between these, treated the interviewer like a daftie................

Get another couple of holes punched in the belt folks, its looking like Labours "Change" agenda is simply - 

plus ça change, plus c'est la même chose

[Salt n Vinegar]

4 hours ago, Leith Green said:

Pat McFadden on the radio - 

"You Cant"

"Spend"

"The Same Money"

"Twice"

He deliberately put a gap in between these, treated the interviewer like a daftie................

Get another couple of holes punched in the belt folks, its looking like Labours "Change" agenda is simply - 

plus ça change, plus c'est la même chose

Actually... It's probably true an individual can't spend the same money twice but governments certainly can. Once the government spends it, as long as it's substantially spent in the UK, it goes into people's pockets - creating income tax, spending power, and once spent, then goes on through the economy generating VAT and further chunks of income tax. 

[Granny Danger]

3 minutes ago, Salt n Vinegar said:

Actually... It's probably true an individual can't spend the same money twice but governments certainly can. Once the government spends it, as long as it's substantially spent in the UK, it goes into people's pockets - creating income tax, spending power, and once spent, then goes on through the economy generating VAT and further chunks of income tax. 

The ‘multiplier effect’ is a basic economic concept.

ETA Keynesianism at its best; not an approach I’d expect the modern day Labour Party to adopt.

Edited Wednesday at 11:48 by Granny Danger

[Salt n Vinegar]

1 minute ago, Granny Danger said:

The ‘multiplier effect’ is a basic economic concept.

Aye, maybe Pat McFadden hadn't heard of it. I think we did it for "O Grade" Economics in the 1970s*

 

 

(* Grumpy old git alert )