The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.
I did an article for The Duran some time ago on the economic collapse 2022.
This is the video to accompany it.
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.
Cutting the Welfare State is the wrong answer. Increase the Welfare State will do a better job. You have given a very right wing answer to the problem
It is a right wing answer – it is the only answer. You don’t seem to understand the economic doom loop we are entering. We are at point a where there is no money left from the taxpayer to fund it, as people cannot afford the inflation, the rise in interest rates and high taxation. As inflation and interest rates bite, (if taxes remain high) more people are forced onto benefits. As that happens, less tax income, and more public spending – a doom-loop. There is then nothing left other borrowing and further QE to fund it, leading to further… Read more »
There is a better answer and that is to address the massive drain on the economy of the final salary pension schemes of the huge public sector. The public sector in the UK was artificially bloated under Tony Blair’s government. The benefits for the public sector far outweigh the welfare state spending.
When I say the welfare state, it is more of a description of the socialist (feminist) system we have in place; from large numbers of social programmes, foreign aid, the NHS (which IMO should be purely focussed on trauma – genuine A&E), civil service (as you quite rightly mention), the whole lot. The size of the state in ALL departments needs to be slashed and streamlined.
spending on the Welfare State has a multiplyer effect on the money spent. More people in work, more people able to use subsidised public transport, people in better health.It builds the State. removing it all shrinks the state.
The state itself is inefficient and bureaucratic, the private sector is much more efficient, it has to be or you go bust. The difference in the Railways since privatisation, and before nationalisation in 1948, is astounding. Much more efficient, the trains and stations are far better maintained. There is more of them and bigger and better infrastructure. There can be multiplier effects when it comes to defence spending, ship building in particular. But that still requires money in the treasury in order to fund it, which comes from taxation. That cannot be funded if the economy is collapsing in the… Read more »
Again you are wrong. Private sector concept is to take money out of the system for a few people. Nationalised returns the money for investment and subsidy. Privatised railways in the UK keep going bust and have to be bailed out by the state. Government money doesn’t come from taxation. The government creates money and taxes it to recover and destroy it. Modern Monetary Theory. The 37 bln for covid wasn’t sitting in a bank account waiting to be spent.
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Good post Helen. I was a train driver in another life. During that life, I learnt all about the ALLEGED benefits of privatisation of railways. That was 35 years ago. Today, those alleged privatised railways are ALL maintained by the TAXPAYER, allowing the private companies to take off the cream and leave the maintenance and running costs to be subsidised by the taxpayer. Of course the private companies would say that’s far more efficient, as the blue figures in their books indicate a handsome profit at no cost to them. BUT, the best one is this. In Australia, the Federal… Read more »
Hang on a sec there. I was under the impression Railways in the U.K. were all privatised ??? The story at the time was ALLEGEDLY privatisation could do the job better. BUT, as proven in a few years, that story was pure unadulterated cow manure. The privatised companies ran the systems until they started to fall apart. Then when things deteriated to such an extent, they reduced the frequency of services. The public displayed their discontent of such unreliable and infrequent services by voting with their feet and walking away. What did those more effiecient privatised companies do, they CLOSED… Read more »
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You can talk until you’re blue in the face about left wing, right wing, public, private, welfare, conservative, liberal, etc etc etc.
The fact is we live on a finite planet and two things matter for the future of humanity. Those are:
1) Human quality
2) Human quantity
Mother Nature takes no prisoners.