This page is no longer updated, and is the old forum. For new topics visit the New HOL forum.
Jeremy Corbyn
Register | Edit Profile | Subscriptions | Forum Rules | Log In
leggedstruggle  Croydon 18 Aug 15 11.08am |
|
|---|---|
|
Quote DanH at 18 Aug 2015 10.46am
Someone who follows the term 'multi-cultural' with the the term 'hell-hole' tends to sound a bit, y'know, racist. What? Giving Hell a bad name?
mother-in-law is an anagram of woman hitler |
|
 Alert a moderator to this post |
 |
 serial thriller The Promised Land 18 Aug 15 11.59am |
  |
|---|---|
|
Quote matt_himself at 16 Aug 2015 11.36am
Quote Mr Fenandes at 16 Aug 2015 10.16am
Quote matt_himself at 16 Aug 2015 6.46am
I am enjoying the Corbyn 'bulls*** bingo'. Every article and interview is saturated in buzz words and jargon. The pick of the crop are 'principled', 'compassion' and 'neo-liberal'. I am waiting for Richard Murphy to say 'we believe in wiping our arseholes from back to front, anyone who wipes from front to back is neo-liberal and lacks a compassionate and a principled approach to arsehole wiping', in order that the trinity of top bulls*** is achieved in one fell swoop. Actually everything coming from him is policies, policies, policies. Haven't seen that from a politician in my lifetime. I don't disagree that he is talking about policies but the problem is that most of the economic ones are illiterate. The proposed National Investment Bank is a terrible idea. He says it is 'quantative easing for people', anyone with half an interest in economics knows it will be a state run entity looking to have the BOE as its puppet, the Bank will invest in socialist white elephants that are politically advantageous at the time by with no long term sustainability. But the real danger is Corbyns lack of understanding of what QE really is. It is money printed by a central bank to buy government debt which the government has to buy back at a future date. The QE 'for the people' will drive up inflation by reducing he role of our central bank to be raised by his politburo for every socialist whom they deem useful. This will in turn make the UK, or what is left of it when Crbun has dismantled it, into a place where foreign investment becomes very unattractive.
The people's QE or whatever we're calling it may well drive up inflation, but in some ways that's its very purpose. Increased inflation will make it easier to pay off national debt, increasing the possibility for government investment in infrastructure and welfare. What's more, it would weaken the pound which thus increases the attractiveness of the UK for foreign investment, particularly in buying up our imports. This is what Greece was unable to do in a single currency, and hence their catch-22 situation of high-value currency but incredibly weak economy. Of course that's hypothetical, but then every single statement made about Corbyn's potential leadership or the future in general is hypothetical, the danger really lies in those who claim to know exactly what the future holds, not only because it suggests they are delusional, but also because hubris may well come and bite them on the arse.
If punk ever happened I'd be preaching the law, instead of listenin to Lydon lecture BBC4 |
|
| Alert a moderator to this post |
 |
| fed up eagle Between Horley, Surrey and Preston... 18 Aug 15 12.15pm |
|
|---|---|
|
Quote DanH at 18 Aug 2015 10.46am
Someone who follows the term 'multi-cultural' with the the term 'hell-hole' tends to sound a bit, y'know, racist. I don't give a monkeys. I don't do political correctness. And 'Multi culti' is a p155 taking phrase.
|
|
| Alert a moderator to this post |
|
| matt_himself Matataland 18 Aug 15 12.54pm |
|
|---|---|
|
Quote serial thriller at 18 Aug 2015 11.59am
Quote matt_himself at 16 Aug 2015 11.36am
Quote Mr Fenandes at 16 Aug 2015 10.16am
Quote matt_himself at 16 Aug 2015 6.46am
I am enjoying the Corbyn 'bulls*** bingo'. Every article and interview is saturated in buzz words and jargon. The pick of the crop are 'principled', 'compassion' and 'neo-liberal'. I am waiting for Richard Murphy to say 'we believe in wiping our arseholes from back to front, anyone who wipes from front to back is neo-liberal and lacks a compassionate and a principled approach to arsehole wiping', in order that the trinity of top bulls*** is achieved in one fell swoop. Actually everything coming from him is policies, policies, policies. Haven't seen that from a politician in my lifetime. I don't disagree that he is talking about policies but the problem is that most of the economic ones are illiterate. The proposed National Investment Bank is a terrible idea. He says it is 'quantative easing for people', anyone with half an interest in economics knows it will be a state run entity looking to have the BOE as its puppet, the Bank will invest in socialist white elephants that are politically advantageous at the time by with no long term sustainability. But the real danger is Corbyns lack of understanding of what QE really is. It is money printed by a central bank to buy government debt which the government has to buy back at a future date. The QE 'for the people' will drive up inflation by reducing he role of our central bank to be raised by his politburo for every socialist whom they deem useful. This will in turn make the UK, or what is left of it when Crbun has dismantled it, into a place where foreign investment becomes very unattractive.
The people's QE or whatever we're calling it may well drive up inflation, but in some ways that's its very purpose. Increased inflation will make it easier to pay off national debt, increasing the possibility for government investment in infrastructure and welfare. What's more, it would weaken the pound which thus increases the attractiveness of the UK for foreign investment, particularly in buying up our imports. This is what Greece was unable to do in a single currency, and hence their catch-22 situation of high-value currency but incredibly weak economy. Of course that's hypothetical, but then every single statement made about Corbyn's potential leadership or the future in general is hypothetical, the danger really lies in those who claim to know exactly what the future holds, not only because it suggests they are delusional, but also because hubris may well come and bite them on the arse. Where have I tried to 'portray myself as a master of economics'? I am commenting upon what I read. A lazy smear ST.
"That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02 |
|
| Alert a moderator to this post |
|
| serial thriller The Promised Land 18 Aug 15 3.39pm |
|
|---|---|
|
Quote matt_himself at 18 Aug 2015 12.54pm
Quote serial thriller at 18 Aug 2015 11.59am
Quote matt_himself at 16 Aug 2015 11.36am
Quote Mr Fenandes at 16 Aug 2015 10.16am
Quote matt_himself at 16 Aug 2015 6.46am
I am enjoying the Corbyn 'bulls*** bingo'. Every article and interview is saturated in buzz words and jargon. The pick of the crop are 'principled', 'compassion' and 'neo-liberal'. I am waiting for Richard Murphy to say 'we believe in wiping our arseholes from back to front, anyone who wipes from front to back is neo-liberal and lacks a compassionate and a principled approach to arsehole wiping', in order that the trinity of top bulls*** is achieved in one fell swoop. Actually everything coming from him is policies, policies, policies. Haven't seen that from a politician in my lifetime. I don't disagree that he is talking about policies but the problem is that most of the economic ones are illiterate. The proposed National Investment Bank is a terrible idea. He says it is 'quantative easing for people', anyone with half an interest in economics knows it will be a state run entity looking to have the BOE as its puppet, the Bank will invest in socialist white elephants that are politically advantageous at the time by with no long term sustainability. But the real danger is Corbyns lack of understanding of what QE really is. It is money printed by a central bank to buy government debt which the government has to buy back at a future date. The QE 'for the people' will drive up inflation by reducing he role of our central bank to be raised by his politburo for every socialist whom they deem useful. This will in turn make the UK, or what is left of it when Crbun has dismantled it, into a place where foreign investment becomes very unattractive.
The people's QE or whatever we're calling it may well drive up inflation, but in some ways that's its very purpose. Increased inflation will make it easier to pay off national debt, increasing the possibility for government investment in infrastructure and welfare. What's more, it would weaken the pound which thus increases the attractiveness of the UK for foreign investment, particularly in buying up our imports. This is what Greece was unable to do in a single currency, and hence their catch-22 situation of high-value currency but incredibly weak economy. Of course that's hypothetical, but then every single statement made about Corbyn's potential leadership or the future in general is hypothetical, the danger really lies in those who claim to know exactly what the future holds, not only because it suggests they are delusional, but also because hubris may well come and bite them on the arse. Where have I tried to 'portray myself as a master of economics'? I am commenting upon what I read. A lazy smear ST.
Anyway, back to the point at hand. I have two questions to raise: 1) Which of Corbyn's policies is so particularly dream-world and ultra-lefty that it hasn't been the policy of at least one elected UK government of the past 50 years? 2) To the Blairites on here and those who think Labour only have a chance with a centrist in power, what exactly has Blairism won in the past decade? Since 2005 it's been defeated in at least one general election, taken apart in Scotland earlier this year, lost the London mayoral election and continually lost ground in the European elections. Maybe it isn't Corbyn, but centre-leftism which is the dying ideology?
If punk ever happened I'd be preaching the law, instead of listenin to Lydon lecture BBC4 |
|
| Alert a moderator to this post |
|
| matt_himself Matataland 18 Aug 15 5.14pm |
|
|---|---|
|
Quote serial thriller at 18 Aug 2015 3.39pm
Quote matt_himself at 18 Aug 2015 12.54pm
Quote serial thriller at 18 Aug 2015 11.59am
Quote matt_himself at 16 Aug 2015 11.36am
Quote Mr Fenandes at 16 Aug 2015 10.16am
Quote matt_himself at 16 Aug 2015 6.46am
I am enjoying the Corbyn 'bulls*** bingo'. Every article and interview is saturated in buzz words and jargon. The pick of the crop are 'principled', 'compassion' and 'neo-liberal'. I am waiting for Richard Murphy to say 'we believe in wiping our arseholes from back to front, anyone who wipes from front to back is neo-liberal and lacks a compassionate and a principled approach to arsehole wiping', in order that the trinity of top bulls*** is achieved in one fell swoop. Actually everything coming from him is policies, policies, policies. Haven't seen that from a politician in my lifetime. I don't disagree that he is talking about policies but the problem is that most of the economic ones are illiterate. The proposed National Investment Bank is a terrible idea. He says it is 'quantative easing for people', anyone with half an interest in economics knows it will be a state run entity looking to have the BOE as its puppet, the Bank will invest in socialist white elephants that are politically advantageous at the time by with no long term sustainability. But the real danger is Corbyns lack of understanding of what QE really is. It is money printed by a central bank to buy government debt which the government has to buy back at a future date. The QE 'for the people' will drive up inflation by reducing he role of our central bank to be raised by his politburo for every socialist whom they deem useful. This will in turn make the UK, or what is left of it when Crbun has dismantled it, into a place where foreign investment becomes very unattractive.
The people's QE or whatever we're calling it may well drive up inflation, but in some ways that's its very purpose. Increased inflation will make it easier to pay off national debt, increasing the possibility for government investment in infrastructure and welfare. What's more, it would weaken the pound which thus increases the attractiveness of the UK for foreign investment, particularly in buying up our imports. This is what Greece was unable to do in a single currency, and hence their catch-22 situation of high-value currency but incredibly weak economy. Of course that's hypothetical, but then every single statement made about Corbyn's potential leadership or the future in general is hypothetical, the danger really lies in those who claim to know exactly what the future holds, not only because it suggests they are delusional, but also because hubris may well come and bite them on the arse. Where have I tried to 'portray myself as a master of economics'? I am commenting upon what I read. A lazy smear ST.
Anyway, back to the point at hand. I have two questions to raise: 1) Which of Corbyn's policies is so particularly dream-world and ultra-lefty that it hasn't been the policy of at least one elected UK government of the past 50 years? 2) To the Blairites on here and those who think Labour only have a chance with a centrist in power, what exactly has Blairism won in the past decade? Since 2005 it's been defeated in at least one general election, taken apart in Scotland earlier this year, lost the London mayoral election and continually lost ground in the European elections. Maybe it isn't Corbyn, but centre-leftism which is the dying ideology? ST - my comment was 'I was told once that if socialists read economics, there would be no socialists'. I was commenting on what I was told. I can't claim credit for that gem, as much as I would like to. I find your question 1) nonsense. You cannot compare government policy in the 1960's today. The government was struggling with the debt burden from WW2, the break up of the Empire, in particular issues like Rhodesia, there was a very different economic system in place and the burden on services & the welfare state was far less than today. Therefore, I don't understand what you are getting at, other than to try and give Corbyn credibility through historical anomaly.
"That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02 |
|
| Alert a moderator to this post |
|
Kermit8  Hevon 18 Aug 15 7.51pm |
|
|---|---|
|
Quote fed up eagle at 18 Aug 2015 12.15pm
Quote DanH at 18 Aug 2015 10.46am
Someone who follows the term 'multi-cultural' with the the term 'hell-hole' tends to sound a bit, y'know, racist. I don't give a monkeys. I don't do political correctness. And 'Multi culti' is a p155 taking phrase.
Big chest and massive boobs |
|
| Alert a moderator to this post |
|
| fed up eagle Between Horley, Surrey and Preston... 18 Aug 15 11.55pm |
|
|---|---|
|
Quote Kermit8 at 18 Aug 2015 7.51pm
Quote fed up eagle at 18 Aug 2015 12.15pm
Quote DanH at 18 Aug 2015 10.46am
Someone who follows the term 'multi-cultural' with the the term 'hell-hole' tends to sound a bit, y'know, racist. I don't give a monkeys. I don't do political correctness. And 'Multi culti' is a p155 taking phrase.
|
|
| Alert a moderator to this post |
|
Johnny Eagles  berlin 19 Aug 15 12.49pm |
|
|---|---|
|
The 'People's QE' thing isn't THAT absurd. (Not like that 'citizen's income' which really was nuts.) It's just supply-side stimulus. Personally, I wouldn't trust the people whom Corbyn wants to give the money to - ie, local government and a "Green Investment Bank" aka government stooge bank - to spend it wisely (think Kid's Company multiplied by a billion). But that's politics not economics. I also don't think there's that much difference between "People's QE" and the PPI payouts (which I'm still convinced was a secret government project to hand out free money to spendthrift idiots to pump-prime the economy). I think it would be pretty mad to do "People's QE" now though, after however many hundreds of billions they've ALREADY pumped into the economy. And I am very worried by the blasé way the Corbynites talk about inflation and devaluation, as though we need more of it and isn't it rather a good thing and oh, let's not worry about inflation and devaluation, old boy, silly minor things, what. If you lose control of inflation (and IMO it's debatable whether the BofE knows what it's doing with QE) it can get VERY messy, VERY quickly. And currency devaluation is almost always a major trauma with unforeseen circumstances. It was in 1949 and 1967 and it certainly was in 1992. I would be VERY worried indeed by anyone - lefty or non-lefty - who was as blasé towards inflation and devaluation as Serial Thriller and Jeremy Corbyn's economic advisers appear to be.
...we must expand...get more pupils...so that the knowledge will spread... |
|
| Alert a moderator to this post |
|
| Hoof Hearted 19 Aug 15 3.38pm | |
|---|---|
|
Quote Johnny Eagles at 19 Aug 2015 12.49pm
I would be VERY worried indeed by anyone - lefty or non-lefty - who was as blasé towards inflation and devaluation as Serial Thriller and Jeremy Corbyn's economic advisers appear to be.
|
|
| Alert a moderator to this post |
|
| serial thriller The Promised Land 19 Aug 15 6.21pm |
|
|---|---|
|
Where are you getting this idea that Im being blasé? All I've done I pointed out that Corbyn's economic policies are a simple 21st century rehash of Keynesianism, which the Americans and us used post-war and the Chinese are currently attempting too. Stimulating economic growth, attracting investment and paying off debts at a faster rate than we are now: Where's the ambivalence in that? In fact it I surely far easier to argue that current economic policy is more blasé than what corbyn I proposing. We currently have a stand off where QE is being used by almost every major economy in the world, thus limiting the benefits it achieved for us and the US when we began it. Interests rates are almost 0, and when they inevitably start rising again you're going to see a hell of a knock on effect. We're now seeing economies running out of tricks to stimulate themselves, and in the UK, declining productivity, an ageing population and low wages mean the medium term is looking bleak for us. We aren't talking about Zimbabwean inflation - although undoubtedly it will be a scare tactic used by the right - because QE's trick I to recoup money from sector's that dont match the growth of, say, Corbyn's infrastructure policy. And we certainly aren't anywhere near talking about economic policies anywhere close to Socialist or Marxist.
If punk ever happened I'd be preaching the law, instead of listenin to Lydon lecture BBC4 |
|
| Alert a moderator to this post |
|
| Johnny Eagles berlin 20 Aug 15 8.08am |
|
|---|---|
|
I found the following: Quote serial thriller at 18 Aug 2015 11.59am
The people's QE or whatever we're calling it may well drive up inflation, but in some ways that's its very purpose. Increased inflation will make it easier to pay off national debt, increasing the possibility for government investment in infrastructure and welfare. pretty blasé about inflation. If this world where national debts get inflated away is so congenial, why doesn't everyone do it? Because too much inflation can get messy very quickly and it's actually very difficult to control, which is why even the best economic minds in the world struggle to keep it at the level they want it. A load of do-gooding Corbynite apparatchiks are unlikely to be better at it. And I found the following: Quote serial thriller at 18 Aug 2015 11.59am
What's more, it would weaken the pound which thus increases the attractiveness of the UK for foreign investment, particularly in buying up our imports. This is what Greece was unable to do in a single currency, and hence their catch-22 situation of high-value currency but incredibly weak economy. pretty blasé about devaluation. Devaluing the currency should be a last resort, not a standard economic lever that politicians pull. Devaluation would make sense for Greece because it's a basket case. It has debts up to its eyeballs and nowhere else to go.
...we must expand...get more pupils...so that the knowledge will spread... |
|
| Alert a moderator to this post |
|
Login / RegisterNew users
Registration is now on our new message board
Existing users
To login with your existing username you will need to convert your account over to the new message board.
Sponsors
All images and text on this site are copyright © 1999-2024 The Holmesdale Online, unless otherwise stated.
Web Design by Guntrisoft Ltd.