The Labour Party. All discussion here please

[Mister Gee]

What? I know neither where you got that from, nor why it's relevant.

 

Why does Norway and France, for example, taking difference approaches to capitalism mean that it isn't stable? One of the features of capitalism is actually its long term resilience.

 

We had a good example of that during the banking crisis when it was bailed out by the state.

[Robin-H]

We had a good example of that during the banking crisis when it was bailed out by the state.

 

https://www.pragcap.com/us-economy-becoming-stable/

 

"Statistically, one could argue that the 2008 financial crisis was an event that was so traumatic that it reflects an economy and an environment that is becoming less stable. That is not unreasonable, but I am assuming that such an event is more an outlier than the norm. To argue that, for instance, the period from 1980-2018 has been unstable because of one large anomalous event is not representative of the entire 40 year period of increasing stability. "

[Mister Gee]

https://www.pragcap.com/us-economy-becoming-stable/

 

"Statistically, one could argue that the 2008 financial crisis was an event that was so traumatic that it reflects an economy and an environment that is becoming less stable. That is not unreasonable, but I am assuming that such an event is more an outlier than the norm. To argue that, for instance, the period from 1980-2018 has been unstable because of one large anomalous event is not representative of the entire 40 year period of increasing stability. "

 

I take it that's not the Norwegian model of capitalism then?

[Robin-H]

I take it that's not the Norwegian model of capitalism then?

 

Norway was affected by the recession, as were other countries under the Nordic model. I'm not sure what your point you're making.

 

Anyway, we're straying from the topic of the thread, maybe this topic deserves another..

[Mister Gee]

https://www.pragcap.com/us-economy-becoming-stable/

 

"Statistically, one could argue that the 2008 financial crisis was an event that was so traumatic that it reflects an economy and an environment that is becoming less stable. That is not unreasonable, but I am assuming that such an event is more an outlier than the norm. To argue that, for instance, the period from 1980-2018 has been unstable because of one large anomalous event is not representative of the entire 40 year period of increasing stability. "

 

I bet the price of snake oil is up on the FTSE tonight?

[Anna B]

Yes, but even if they didn't, that wouldn't prove anything.

 

Norway, Sweden, Germany, France, Denmark etc - all countries that are held up (to various degrees) as having very good universal health care, or social housing, or free education, are all capitalist.

 

There is nothing wrong with Responsible Capitalism, but what we have at the moment is Neo Liberalism, which is to Capitalism, what Communism is to Socialism.

 

Jeremy Corbyn's plans are no more left wing than any of those countries mentioned, but they have got the balance right, they mix socialism with capitalism, and we need to get back to that. He has said quite catagorically that he isn't against responsible Capitalism.

 

It's the media that keep branding him as some sort of raving Communist, with their, let's see, not very subtle pictures of him with Russian Landmarks photoshopped in the background etc etc etc. ('Let's make it simple for the Dumbo's, keep it visual, they won't even bother to read the article...')

 

They went too far when he was publicly accused of being a Communist spy. He sued, and he won. Not that you'd know it. The accusation was front page banner headlines, did you see the apology? Probably not, hidden at the bottom of page 35, in tiny print.... Still, mud sticks. Job done.

[Obelix]

Ah it's neo liberalism - the new nasty buzzword that is the bogeyman in the room..

 

I've never actually heard anyone articulate whats so bad about it - mind you I've never heard anyone who professes to be so scared of it to even be able to articulate what it is, so theres no surprise they cannot say whats bad about it.

 

Anyone care to have a go?

 

---------- Post added 04-06-2018 at 22:59 ----------

 

I bet the price of snake oil is up on the FTSE tonight?

 

Ah you've run out of argument then I see and need a bit of grease to make people swallow the lie?

[hackey lad]

There is nothing wrong with Responsible Capitalism, but what we have at the moment is Neo Liberalism, which is to Capitalism, what Communism is to Socialism.

 

Jeremy Corbyn's plans are no more left wing than any of those countries mentioned, but they have got the balance right, they mix socialism with capitalism, and we need to get back to that. He has said quite catagorically that he isn't against responsible Capitalism.

 

It's the media that keep branding him as some sort of raving Communist, with their, let's see, not very subtle pictures of him with Russian Landmarks photoshopped in the background etc etc etc. ('Let's make it simple for the Dumbo's, keep it visual, they won't even bother to read the article...')

 

They went too far when he was publicly accused of being a Communist spy. He sued, and he won. Not that you'd know it. The accusation was front page banner headlines, did you see the apology? Probably not, hidden at the bottom of page 35, in tiny print.... Still, mud sticks. Job done.

 

Have you been scouring the papers today Anna , for bad stories about Jeremy . Its been a few weeks since I saw anything bad on the main news channels , BBC, ITV, Sky , C4 . Is the conspiracy still on ? Ive just noticed something interesting tonight ,about the forum , if it pans out that I am right or wrong ,I will let you all know

Edited June 4, 2018 by hackey lad

[Robin-H]

There is nothing wrong with Responsible Capitalism, but what we have at the moment is Neo Liberalism, which is to Capitalism, what Communism is to Socialism.

 

Jeremy Corbyn's plans are no more left wing than any of those countries mentioned, but they have got the balance right, they mix socialism with capitalism, and we need to get back to that. He has said quite catagorically that he isn't against responsible Capitalism.

 

It's the media that keep branding him as some sort of raving Communist, with their, let's see, not very subtle pictures of him with Russian Landmarks photoshopped in the background etc etc etc. ('Let's make it simple for the Dumbo's, keep it visual, they won't even bother to read the article...')

 

They went too far when he was publicly accused of being a Communist spy. He sued, and he won. Not that you'd know it. The accusation was front page banner headlines, did you see the apology? Probably not, hidden at the bottom of page 35, in tiny print.... Still, mud sticks. Job done.

 

John McDonnell did say he wanted to 'overthrow capitalism'

 

https://www.thetimes.co.uk/article/john-mcdonnell-i-d-overthrow-capitalism-k777j3w2j

 

The UK also mixes socialism with capitalism. In some respects we do it more than those countries mentioned, and in some ways not as well. For example, if the UK tried to implement the way France or Germany run their healthcare systems, and the amount of privatisation they have, there would be absolute uproar in the UK.

 

Or perhaps the UK should abolish inheritance tax, like Norway.

 

FYI - (and I'm sure you know anyway) Gavin Williamson was used with that exact same background. The stories were about Russia.

[hackey lad]

John McDonnell did say he wanted to 'overthrow capitalism'

 

https://www.thetimes.co.uk/article/john-mcdonnell-i-d-overthrow-capitalism-k777j3w2j

 

The UK also mixes socialism with capitalism. In some respects we do it more than those countries mentioned, and in some ways not as well. For example, if the UK tried to implement the way Norway or Germany run their healthcare systems, and the amount of privatisation they have, there would be absolute uproar in the UK.

 

Or perhaps the UK should abolish inheritance tax, like Norway.

 

FYI - (and I'm sure you know anyway) Gavin Williamson was used with that exact same background. The stories were about Russia.

 

She does know that but conveniently ignores the fact