FANAdeLdF Posted July 26, 2012 Share Posted July 26, 2012 this country and the world will fall deeper into recession unless each country takes its own stand and looks after it own interests! Yeah, it worked really well in 1914 didn't it Link to comment Share on other sites More sharing options...
FANAdeLdF Posted July 26, 2012 Share Posted July 26, 2012 If there aren't enough jobs globally for all the people then there must be too many people. Spoken like a true Nobel Prize winning economist. Which one was it, Littlejohn or Clarkson ? Link to comment Share on other sites More sharing options...
candy-fliss Posted July 26, 2012 Share Posted July 26, 2012 Great Britain just doesn't seem to be very great theses days!! Link to comment Share on other sites More sharing options...
MrSmith Posted July 26, 2012 Share Posted July 26, 2012 Spoken like a true Nobel Prize winning economist. Which one was it, Littlejohn or Clarkson ? Maybe you could contribute something to the topic by explaining why everyone didn’t have a job before the recession and still don’t have a job. Link to comment Share on other sites More sharing options...
magwitch Posted July 26, 2012 Share Posted July 26, 2012 We're lucky we haven't suffered to badly from avian influenza or a major war yet. That 'd reduce the population and solve the job crises! Link to comment Share on other sites More sharing options...
I1L2T3 Posted July 26, 2012 Share Posted July 26, 2012 Maybe you could contribute something to the topic by explaining why everyone didn’t have a job before the recession and still don’t have a job. There will always be a certain level of unemployment, even in boom years. Every large capitalist economy is the same in that respect. Link to comment Share on other sites More sharing options...
I1L2T3 Posted July 26, 2012 Share Posted July 26, 2012 Agree with most of that apart from 2) and that bit about Ken Clarke! Many people (who should know better) are clamouring for this massive borrowing while we have 'record low interest rates'. Don't you think the ratings agencies are watching this and would immediately downgrade the UK, therefore swiftly ending these 'record low interest rates'? Surely this is the cause of our problems - borrowing to get out of debt/recession. And I agree with the bit about actually making cuts. Whatever the Tories do, some will always portray them as 'nasty' as that's what their organ of choice (Daily Mirror) tells them they are. Might as well go for it, then. While some on here are secretly delighted that we sink further into the mire (and, incredibly, think Labour would get us out of it - even though they have zero suggestions of how this might be done) the game is effectively up for the system that got us here. Unfortunately (like Labour ) I've got no remedies. The trouble is, the system as it stands will remain because we've all got a stake in that system, be it by having bank accounts, mortgages etc. The criminally-low interest rates have simply not worked - unless you count destroying savers and pensioners as 'working'. Spain last week showed that they are as useless as our lot. Raising VAT from 18 to 21%. Hmm, that should help a recovery. A good start would be for 'them' to stop bloody lying with their statistics, be it immigration, crime, educational 'achievements' and the most recent - the ludicrous notion that unemployment is falling. And a way of regaining honesty with the voters would be to suggest a new coalition at the next election. LibDem/Tory and Labour. You can't put a fag paper between the lot of them, they'd bicker all the time (as they do every Wednesday at PMQs) and blame each other. But at least it would give the electorate a chance to realise they're all the bloody same - undeserving of a vote. Regarding extra borrowing if done responsibly then ratings agencies probably wouldn't have too many issues. What the ratings agencies are looking for is fiscal discipline. They are not saying 'don't borrow' (then know we have to borrow anyway to cover the now increasing deficit) they are asking us to run a tight ship. You can borrow for infrastructure and investment without abandoning fiscal discipline. Borrowing just has to be for the right things and done in the right way. As always these arguments stupidly get distilled into a black/white situation. People either think we need mega spending or we need brutal austerity. There has to be a way in between the two. We do need to cut back but we also need to channel resources into growth as well. IMO there isn't any other way out of this. Link to comment Share on other sites More sharing options...
FANAdeLdF Posted July 26, 2012 Share Posted July 26, 2012 There will always be a certain level of unemployment, even in boom years. Every large capitalist economy is the same in that respect. Correct. There's your explanation. Link to comment Share on other sites More sharing options...
MrSmith Posted July 27, 2012 Share Posted July 27, 2012 There will always be a certain level of unemployment, even in boom years. Every large capitalist economy is the same in that respect. I know, Globalization, mechanization and too many people are responsible for not having enough jobs for everyone. The point being that the global population could be a couple of billion lower and the only difference it would make is that everyone would have more and an higher percentage would have a job, enough food and water and there still wouldn’t be a shortage of workers. Link to comment Share on other sites More sharing options...
Mecky Posted July 27, 2012 Share Posted July 27, 2012 I know, Globalization, mechanization and too many people are responsible for not having enough jobs for everyone. Doesn't more people create a bigger demand for goods and therefore require more jobs to produce those goods? Link to comment Share on other sites More sharing options...
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