donkey Posted February 8, 2012 Share Posted February 8, 2012 I'm not sure that the point of this thread is to debate the cause of the credit crunch, it's been well covered on here. Perhaps the scots are more to blame than anyone if we're going down that path. Clearly if the impact of the cuts is greater in the north then the dependence on credit, whether government or personal must be greater. The failure of northern economies is their over reliance on government spending. It's something we need to come to terms with, the money's just not there. It is just that you seemed to be attributing economic hardship to people in the North not being conservative voters, which you seem to imply is synonymous with being incapable of effectively running or being involved in a business. Present economic conditions are a result of ther credit crunch. I don't know for sure, but on the strength of the fact that most the people who caused it are multi-millionaires, I would take a wild guess that the majority of them lean politically towards conservatism, so if rising unemployment and ongoing recession is the result of any particular political ideology, I believe you have hit on the wrong one. Link to comment Share on other sites More sharing options...
MrSmith Posted February 8, 2012 Share Posted February 8, 2012 It is just that you seemed to be attributing economic hardship to people in the North not being conservative voters, which you seem to imply is synonymous with being incapable of effectively running or being involved in a business. Present economic conditions are a result of ther credit crunch. I don't know for sure, but on the strength of the fact that most the people who caused it are multi-millionaires, I would take a wild guess that the majority of them lean politically towards conservatism, so if rising unemployment and ongoing recession is the result of any particular political ideology, I believe you have hit on the wrong one. I don’t think that Tony and Gordon would lean towards the conservatism. Link to comment Share on other sites More sharing options...
donkey Posted February 8, 2012 Share Posted February 8, 2012 I don’t think that Tony and Gordon would lean towards the conservatism. Think again! Anyway, Blair and Brown were not responsible for the Global Credit crunch, although they certainly contributed to the factors which caused it by continuing with the conservative policies of removing all constraints from financial institutions which began under Thatcher. Link to comment Share on other sites More sharing options...
MrSmith Posted February 8, 2012 Share Posted February 8, 2012 Think again! Anyway, Blair and Brown were not responsible for the Global Credit crunch, although they certainly contributed to the factors which caused it by continuing with the conservative policies of removing all constraints from financial institutions which began under Thatcher. But if they hadn’t followed conservative ideology of removing all constraints from financial institutions, then their wouldn’t have been a boom, tax revenues would have been lower, unemployment would have been higher, actually without the debt induced boom of the last decade we would be just where we are now, although houses would be a bit cheaper. When you think about there wasn’t much point in the last government, if they wasn’t responsible for the bust, they certainly wasn’t responsible for the boom. Link to comment Share on other sites More sharing options...
L00b Posted February 8, 2012 Share Posted February 8, 2012 <...>we're economically doomed<...>A very good post, grafikhaus74. However, I believe that there is a solution. Just not a short-term one, and which would require godly amounts of political clout/capital to bring through. Social and economical change can to be achieved, gradually, through the education system, which needs grabbing by the scruff of the neck (really roughly) and 'restoring' to the decades-old meritocracy model, promoting those subjects underpinning economical might first and foremost. It is what India, China and so many other countries got right over the last 30-odd years, bringing about 2 and now nearly 3 generations of world-class scientists and engineers in numbers dwarfing the West, never mind the UK alone...and it is exactly what the West forgot, what with promoting education target levels set by ever-lower-common-denominators, in fields ever-further-removed from global commercial relevance, to its current peril. Will it ever happen? Under our current system, ever more immobilised by ever more equalitarian and appeasing legislation and policies...I doubt it. Link to comment Share on other sites More sharing options...
donkey Posted February 8, 2012 Share Posted February 8, 2012 But if they hadn’t followed conservative ideology of removing all constraints from financial institutions, then their wouldn’t have been a boom, tax revenues would have been lower, unemployment would have been higher, actually without the debt induced boom of the last decade we would be just where we are now, although houses would be a bit cheaper. When you think about there wasn’t much point in the last government, iif they wasn’t responsible for the bust, they certainly wasn’t responsible for the boom. This may suprise you, but it is possible to be ideologically opposed to Cameron, Thatcher, Brown and Blair. In fact, it is easy. They are all so similar! Link to comment Share on other sites More sharing options...
grafikhaus74 Posted February 8, 2012 Share Posted February 8, 2012 However, I believe that there is a solution. Just not a short-term one, and which would require godly amounts of political clout/capital to bring through. Social and economical change can to be achieved, gradually, through the education system, which needs grabbing by the scruff of the neck (really roughly) and 'restoring' to the decades-old meritocracy model, promoting those subjects underpinning economical might first and foremost. Nice thought, LOOb, but as we see any attempts to impliment reform are shouted down by the vested interests who make a good living in failed enterprises - schools, NHS etc. - and who would go on strike if the colour of their pencils were changed. Link to comment Share on other sites More sharing options...
donkey Posted February 8, 2012 Share Posted February 8, 2012 Nice thought, LOOb, but as we see any attempts to impliment reform are shouted down by the vested interests who make a good living in failed enterprises - schools, NHS etc. - and who would go on strike if the colour of their pencils were changed. Just keep pretending the global recession is the result of outdated socialist ideals. Maybe there is a tooth fairy after all! Link to comment Share on other sites More sharing options...
L00b Posted February 8, 2012 Share Posted February 8, 2012 Ah well, grafik...I'm an optimist. No, really! Just keep pretending the global recession was caused by socialists. Maybe there is a tooth fairy after all!Record's a bit stuck, there, donkey. Link to comment Share on other sites More sharing options...
donkey Posted February 8, 2012 Share Posted February 8, 2012 Ah well, grafik...I'm an optimist. No, really! Record's a bit stuck, there, donkey. Yes it is. Got stuck sometime about 1979 I'd say. Perhaps your apparatus is faulty? Link to comment Share on other sites More sharing options...
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