Oh Dear - he's gone and trumped them all!

UKworkshop.co.uk

Help Support UKworkshop.co.uk:

This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Status
Not open for further replies.
Perhaps the only hope with Trump is that he is a practical doer and not a theory man with an ideology - so when he finally confronts the issues he's been blagging on about he might realise the need to get down to the facts and find workable solutions.

More likely he will be a lame duck and obedient to the civil service - except for occasional fits of rage followed by rash decisions.

One thing he will have to confront is his promise to reduce taxation. It's already historically low in the USA and there's no way he can increase public spending without increasing taxation.
 
devonwoody":25oxfu7q said:
Jacob. he can borrow, or print the money he needs.
Amounts to almost the same thing - devaluation reduces the value of people's assets. Taxation makes more sense and is more workable because it takes more from the better off and is redistributive.
 
Jacob that does not seem to worry politicians , I used to by a packet of **** of under one shilling (5p) now I think they are around £10. etc. etc.
 
If Trump tries to enforces a heavy import tariff on China, he will also need to look at his Defence budget.

Given the likelihood of a major military confrontation between the 2 countries, who is Mexico likely to back.

Xi Jinping, or Donald Trump.
 
He could do helicopter money. Just fly over the mid west states dropping millions of dollars. Better than QE, which even Osborne admitted just ends up in the hands of people who are already wealthy.
Something like 60 people in the world have more wealth than half of the planet. Quite an astonishing statistic. Many of those 60 will be in the US. Not sure if Trump is one of those 60.
 
MIGNAL":1ffy5sux said:
He could do helicopter money. Just fly over the mid west states dropping millions of dollars. Better than QE, which even Osborne admitted just ends up in the hands of people who are already wealthy.
Something like 60 people in the world have more wealth than half of the planet. Quite an astonishing statistic. Many of those 60 will be in the US. Not sure if Trump is one of those 60.
It all comes down to crude economics.
I favour the Monopoly board solution; if you want the game (the economy) to continue (producing goods and services) you have to take money from those who have too much and give it to those who have too little,( and also spend it on infrastructure).
 
Trumps support amongst the wealthier educated white population was much better than predicted, so it wasn't just the poor underclass that voted for him. That also could be a reflection on Clinton being somewhat of a flawed candidate though.
I also have a sneaking suspicion that we've entered another world. It's what I term the anti science. Gove's comment summed it up brilliantly, we are fed up of experts. Youtube is full of conspiracy theories, many of which are frighteningly ridiculous. There seems to be a small but unhealthy number of people who are rejecting science and reasoning, whilst sat in their warm centrally heated rooms, sat in front of their technologically advanced computers and iphones. They would rather put their faith in Trump though. Strange world.
 
MIGNAL":3hej9j1w said:
I also have a sneaking suspicion that we've entered another world. It's what I term the anti science. Gove's comment summed it up brilliantly, we are fed up of experts. Youtube is full of conspiracy theories, many of which are frighteningly ridiculous.

Mike Pence (the VP elect) is not merely a climate change denier (I guess we took that for granted).

He also denies the link between smoking and cancer.

Oh, and evolution.

It's called "post factual politics". :(

BugBear
 
MIGNAL":3jlnealp said:
Trumps support amongst the wealthier educated white population was much better than predicted, so it wasn't just the poor underclass that voted for him. That also could be a reflection on Clinton being somewhat of a flawed candidate though.
I also have a sneaking suspicion that we've entered another world. It's what I term the anti science. Gove's comment summed it up brilliantly, we are fed up of experts. Youtube is full of conspiracy theories, many of which are frighteningly ridiculous. There seems to be a small but unhealthy number of people who are rejecting science and reasoning, whilst sat in their warm centrally heated rooms, sat in front of their technologically advanced computers and iphones. They would rather put their faith in Trump though. Strange world.
Not that strange.
The benefits of science, technology, economic theory, increased productivity etc etc have not benefitted all equally. Especially increased productivity which leads inevitably to unemployment - thats the whole idea, but not everybody gets any benefit from having to do less work.
So a lot of people are pissed off and will clutch at straws - almost literally if they are so pissed off they've decided to set off across the Med in an overcrowded dinghy, whilst in another part of the world somebody is making loadsa dosh from manufacturing bombs and dropping them on these peoples' homes.

A lot of people rejecting the status quo.
 
Steve Maskery":2w9y4era said:
I agree.
The fundamental problem is that we, in rich western counties, have had, not for years, but for generations, a bigger slice of the global cake than is our natural share. Ever since the industrial revolution, we have got rich off the backs of less-developed countries. Now those countries are doing what we did 200 years ago and that means that there is a re-balancing, and we don't like it.
S

I disagree that our working class are poorer because developing countries have more today, as if it was a zero sum game. The developing world is still being exploited by the western global corporations. I also disagree that we somehow need to sell out our own working class and their jobs by outsourcing them as if that's somehow fair to punish our weakest for the past sins of the wealthiest members of our societies? Might as well just give aid funded by taxes then.

I don't think the globalist system has been kind to the people exploited in the 3rd world either, they are very much at a disadvantage and being exploited every single day. I am very convinced a less globalized world with more local production would be a better world than today. I remember reading an economy article by one of the not left leaning papers saying world GDP growth since the neoliberal revolution has actually been less than it was in the era of 1950-1980 where globalization was more limited in scope, despite the massive growth of trade.

There's been a self-fulfilling prophecy sold that globalization is something inevitable, like a force of nature, as opposed what it is, a set of treaties that was hashed out over years behind closed doors, very much like TTIP and CETA.
 
MIGNAL":w1ikd69m said:
Trumps support amongst the wealthier educated white population was much better than predicted, so it wasn't just the poor underclass that voted for him. That also could be a reflection on Clinton being somewhat of a flawed candidate though.
I also have a sneaking suspicion that we've entered another world. It's what I term the anti science. Gove's comment summed it up brilliantly, we are fed up of experts. Youtube is full of conspiracy theories, many of which are frighteningly ridiculous. There seems to be a small but unhealthy number of people who are rejecting science and reasoning, whilst sat in their warm centrally heated rooms, sat in front of their technologically advanced computers and iphones. They would rather put their faith in Trump though. Strange world.

But also don't forget that a fair chunk of wealthy and educated are just going to vote republican regardless the (idiocy) candidate. It's the party they believe gives them the greatest benefit. I must say I did have a rather surreal conversation with two very close friends of mine (Americans) who stayed with us for a week just 4 weeks ago. Every night over dinner it came up and every time they supported trump! These are well off, middle class, well educated white people working in IT with well paid white collar jobs. I was a little flabbergasted at first, just naturally assuming they would condemn him after the misogyny scandal broke. But they kept "selling" him to me and the more they sold, the more obsessed I became with trying to understand what was driving the thinking. In the end I think there were two distinct drivers:

First, they really quite seriously don't like Hilary. I've rarely seen hate for a person that someone has never actually met but boy oh boy I saw it then! Clinton seemed to illicit a very passionate response that was interlaced with a great many conspiracy theories but underneath which the "crook" accusation was the heart of it.

Second and this was the one that I couldn't help but argue about: They were hacked off with the democrats giving away what they call "free stuff". By this they meant all the tax dollars that fund various social and welfare programs for various disadvantaged and/or minority groups. I pointed out politely that surely they must realise that a civil society has a duty to deliver some form of social justice but they countered with....if we keep giving them free stuff....they become dependent on the state, fat, lazy, spongers, dole bludgers etc etc.....sound familiar???

In the end I had to stop because my mate started to go to bed early in a huff! But what that series of debates left me with is an understanding that the binary nature of American society, the winners and losers culture is very much still alive. As a nation I don't believe their culture is any where near as tolerant or charitable as ours is in Britain.

So I was a little shocked and a little disappointed but then it's not my hard earned dollars that the private sector has just had to pony up to pay for Obama care. Anybody with their own small business is really upset about that. I pointed out that if someone went into business with so little profit that they couldn't really afford to fund their workforce properly, then they were in error, not the administration, and suddenly I was alone at the dinner table!!!

So, it's not just the great unwashed that vote for Mr Looney...some people with an O level did too!
 
DennisCA":4wa3t3u8 said:
..... I remember reading an economy article by one of the not left leaning papers saying world GDP growth since the neoliberal revolution has actually been less than it was in the era of 1950-1980 where globalization was more limited in scope, despite the massive growth of trade.....
Tax rates in the 50s were up to 90% at the top and the country was getting wealthier at speed. Even Thatcher only brought top rates down to 60%.
Neo liberal = low tax.
Taxation drives economies, whether it's spent on benefits, infrastructure, or even on warfare - the survivors end up better off. Neo liberal economics has strangled growth, reduced employment and enriched the already wealthy - which leads the way to "extremist" reaction - turning left or right .
Sanders might have beaten Trump, though you could hardly call Sanders or Corbyn "extremists"
 
Corbyn might get somewhere if he was more angry and bombastic instead of friendly old jam grandpa
 
:D That's the new paradigm. Nasty, vulgar, gaudy, kitsch, obnoxious, lewd, sordid and filthy.
You'll go far, right into high office!
 
Populism rules at the moment, it's what sways. Feels a bit unfair if only one side gets to be populist.
 
This is worth a watch and a think about for anybody trying to understand the current political situation. It's part of a lecture given by political economist Mark Blyth -

https://www.youtube.com/watch?v=x2VUFjSWN2w

It's worth rummaging about in YouTube for a few more Blyth clips. Whilst I don't entirely agree with his conclusions and forecasts, his analysis of what's been happening economically around the world is interesting, and delivered in a direct and entertaining style.
 
DennisCA":1yq6hvjj said:
Corbyn might get somewhere if he was more angry and bombastic instead of friendly old jam grandpa
:lol:
Well he is getting somewhere - he is the most popular leader the Labour party has had for a long time - has increased membership making Labour the biggest party in Europe and seems to be winning various elections all around the country with increased margins.
The media can't believe it so they don't believe it. Sanders' story more or less similar.
 
Cheshirechappie":2cydg23s said:
This is worth a watch and a think about for anybody trying to understand the current political situation. It's part of a lecture given by political economist Mark Blyth -

https://www.youtube.com/watch?v=x2VUFjSWN2w

It's worth rummaging about in YouTube for a few more Blyth clips. Whilst I don't entirely agree with his conclusions and forecasts, his analysis of what's been happening economically around the world is interesting, and delivered in a direct and entertaining style.

I think I've watched all of his stuff. He's engaging and funny and presents things in a way most people can understand.
 
Status
Not open for further replies.
Back
Top