The Decade The Rich Won.

[ECCOnoob 1,050]

1 minute ago, gamezone07 said:

You think the BBC is biased to the left!

 

on social issues, maybe, on the economy, no.

Not necessarily. I do query the convenient time to broadcast such a program.   However I don't think the BBC is biased one way or another.

 

They are a broadcaster and like all media organisations they only care about what is best for their business. They put out what they know  is best to attract viewers or listeners.

[Anna B 1,414]

1 hour ago, El Cid said:

People voted and they got a coalision Government, a Tory Government on its own would have been worse.

That is what we have now, people voted to give Johnson a massive majority.

Most of this 'rich getting richer' is a very small minority, I had shares in RBS, ordinary shareholders lost out. It took 5 years for the stock market to recover, so it wasnt all rosey.

Its QE that helped the rich, Labour would have used QE too, but there are other ways to help the poor.

We all want the stock market to do well, for our pensions and investments.

 

I know that. It's made clear in the documentary. Nick Clegg has a lot to say. The Lib Dems were the brake in the coalition. after the 2015 election the brakes came off and Austerity went into overdrive.   

 

However it's also made clear that the number who got super rich might be relatively small, but the amount they got rich, was out of all proportion to their number, and was so much it swayed the economy in an upward direction to their advantage, but to everyon else's disadvantage. But the Tories could claim (falsely) that the economy was doing well, when it wasn't for the majority.

 

Interest rates remained low remember, and very little of the money trickled down the economy in taxes, evidenced in the information leaked in the Panama papers. And we've only got as far as the Referendum.

 

 

Edited January 25, 2022 by Anna B

[Anna B 1,414]

As usual, the Tories on here pontificate, without even watching the programme.

Believe me,  if you are not super wealthy,  you really really should 

Edited January 25, 2022 by Anna B

[El Cid 220]

3 minutes ago, Anna B said:

As usual, the Tories on here pontificate, without even watching the programme.

Believe me,  if you are not super wealthy,  you really really should 

People voted in May and Johnson, all this has been said before.

What makes you think people will wake up now? Same low brow media, maybe even worse.

[Anna B 1,414]

14 minutes ago, El Cid said:

People voted in May and Johnson, all this has been said before.

What makes you think people will wake up now? Same low brow media, maybe even worse.

This shows the whole sorry saga going back to the 2008 banking crash, when our current troubles went into overdrive, and the people who tried to raise awareness at the time were trashed.  

 

That's important because people have very short memories. In fact some of the current voters were about 4yrs old at the time.. The young people need to know why their prospects have gone downhill so  rapidly, along with the rise of homelessness, food banks, and need for the bank of mum and dad if they have one, to make ends meet. Make no mistake they're coming for your money next.

 

What makes you think it's 'same low brow media' when you haven't even seen it. Does it not match your entrenched world view? 

Challenge your preconceptions and watch it. It might change your mind. At least we might have the content to discuss and you can point out where what I've been saying for yonks is wrong.

 

What are you afraid of?

[Longcol 604]

2 hours ago, Anna B said:

If you want to know why we're in the mess we're in now, I suggest you watch this programme on now, or watch it on iplayer.

 

'THE  DECADE  THE RICH  WON.'    BBC2   9'0pm Tuesday 25th January 2022

 

There's no excuse for not knowing this stuff anymore.

Is this about the 1980's?

[Anna B 1,414]

29 minutes ago, Longcol said:

Is this about the 1980's?

No it begins with the Economic crash in 2008, and what's happened since.

 

However I and many economists believe the Economic crash was caused by free-market economics, introduced by Thatcher and Regan in the 1980's which deregulated the banks, sold off Britain's utilities, and started a chain reaction which resulted in the globalisation that is with us today.

 

This 'winner takes all' mindset has given rise to the few mega corporations who effectively have more wealth than entire countries, and the banks which take unconscienable risks with our money, because 'they can't be allowed to fail. ' They are therefore bailed out for their losses, as in the 2008 crash, but get to keep the winnings for themselves. And the hugely vast amounts in the hands of the very very few are untaxed because of the preponderence of tax evasion and avoidance as evidenced in the Panama papers, which still continues. 

Edited January 26, 2022 by Anna B

[El Cid 220]

7 hours ago, Anna B said:

What makes you think it's 'same low brow media' when you haven't even seen it. Does it not match your entrenched world view? 

Challenge your preconceptions and watch it. It might change your mind. At least we might have the content to discuss and you can point out where what I've been saying for yonks is wrong.

I have watched it, but the 'facts' or nothing new to me. I was refering to the low brow media that educate people now, like what happened with Brixit.

People are STILL voting Tory, nothing will change unless the voters back Labour. In 2010 the vote was split and it enabled the Tories to carry on.

 

 

[S35_2o21 32]

I watched it. It was interesting. I also watched the Blair-Brown documentary which was on last year. It's amazing how bad my memory is! 

 

In my mind there was already a link between 2008, the QE approach, and the impact on the wider economy, and the outcome of the Brexit referendum.

 

What I found astonishing is Philip Laws and George Osbourne defending the approach of austerity and cuts to public services. Presumably this documentary was commissioned and filmed during the pandemic. The cuts in public services have undoubtably affected our approach and outcomes during this period. 

[El Cid 220]

1 hour ago, S35_2o21 said:

What I found astonishing is Philip Laws and George Osbourne defending the approach of austerity and cuts to public services. Presumably this documentary was commissioned and filmed during the pandemic. The cuts in public services have undoubtably affected our approach and outcomes during this period. 

And are we in even more debt now?

The approach will be similar.

[Baron99 801]

13 hours ago, gamezone07 said:

You think the BBC is biased to the left!

 

on social issues, maybe, on the economy, no.

I was watching an episode of the BBC's 'Newswatch' programme a couple of weeks ago featuring an editor from 'Newsnight'. 

 

He said that between 1997 to 2010, the programme was regularly accused of right-wing bias by Labour backroom staffers & consequently, since mid 2010,  the programme has received regular accusations of left-wing bias. 

[alchresearch 215]

13 hours ago, Anna B said:

I know that. It's made clear in the documentary. Nick Clegg has a lot to say. The Lib Dems were the brake in the coalition. after the 2015 election the brakes came off and Austerity went into overdrive.   

Austerity was planned for ten years minimum, no matter who was in power. Even Labour thought so:

 

Quote

Alistair Darling admitted tonight that Labour's planned cuts in public spending will be "deeper and tougher" than Margaret Thatcher's in the 1980s, as the country's leading experts on tax and spending warned that Britain faces "two parliaments of pain" to repair the black hole in the state's finances.

 

https://www.theguardian.com/politics/2010/mar/25/alistair-darling-cut-deeper-margaret-thatcher