Current Affairs 2017 General Election

2017 general election

  • Lib Dems

    Votes: 24 6.5%
  • Labour

    Votes: 264 71.0%
  • Tories

    Votes: 41 11.0%
  • Cheese on the ballot paper

    Votes: 35 9.4%
  • SNP

    Votes: 4 1.1%
  • Plaid Cymru

    Votes: 4 1.1%

  • Total voters
    372
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Sorry Bruce. I don't believe that. Also Uber recently cut it's rates that its drivers could charge - classic globalized corporation behaviour. Put the existing companies out of business and then charge or pay what they like. I'm not knocking anyone who uses them but I'm not going to.

There are more people employed in the 'taxi' business than ever before. How are they putting anyone out of business, and how is cheaper travel for customers a bad thing?

Either way, we'll hopefully have driverless cars within a decade and we can move on from the automobile age and start designing slightly more human cities again.

The key there is funding Pete. Cuba would love to plough a lot more more into its socialist health care system which is fantastic in principle and working with the resources they have. Funding becomes a tad problematic if the great capitalist USA chokes you with an illegal trade embargo for over half a century.

Whereas your beloved tories CHOOSE to decimate funding for the NHS and make those who suffer most in society suffer some more.

I'd have Cuba over them any day.

No problem with the sentiment, but there is no possible definition of the word decimate that can be used to describe NHS funding. Annoying though the tactic undoubtedly is, they are right when they say that the NHS gets record funding as it is continuing to go up. Of course, you could justifiably say it isn't going up in line with inflation, much less the growing needs of the population, but as an absolute number it is going up.

The NHS faces enormous challenges, and I do wish it wasn't subject to such politicized hyperbole so it could go about tackling them sensibly.
 
Not at all, but they do nonetheless lobby very hard to limit competition in the market. The licenses required to become a cabby are a very effective means of enforcing the cartel.
I can see black cabbies in London may do that. I'm not sure about the mini cab drivers, and isn't it a good thing there are certain standards?

If there was a social enterprise Uber which existed using the same technology but letting the drivers keep all the fares after costs wouldn't that be better than the race to lower and lower wages naked globalisation we have at the moment?

See these are the things that more appropriately regulated or socialised capitalism could do if the will was there to do that.
 
I can see black cabbies in London may do that. I'm not sure about the mini cab drivers, and isn't it a good thing there are certain standards?

If there was a social enterprise Uber which existed using the same technology but letting the drivers keep all the fares after costs wouldn't that be better than the race to lower and lower wages naked globalisation we have at the moment?

See these are the things that more appropriately regulated or socialised capitalism could do if the will was there to do that.

No one forces anyone to be an Uber driver though, so presumably everyone that chooses to be one thinks the deal they get is a good one. Generally speaking, the market is always a better regulator than a regulator can be, providing information is freely available. With the rating and feedback system, you know pretty much exactly what you'll get from an Uber/Lyft/AN Other driver, and just as drivers aren't forced to use them, neither are passengers. Certainly in London you can take your pick, whether it's a cabbie, an Uber style company, Addison Lee et al....
 
Uber and Deliveroo are the "gig economy". Fake self employment because it lowers the companies costs.

Don't companies and corporations need to have some social responsibility?

And one could say corporations have got where they are out of fair free market practices but all too often they have got there by a combination of dubious anti competitive practices, inappropriate lobbying or worse (where there is a financial or advantageous connection between them and the governing body or politicians)
 
No one forces anyone to be an Uber driver though, so presumably everyone that chooses to be one thinks the deal they get is a good one. Generally speaking, the market is always a better regulator than a regulator can be, providing information is freely available. With the rating and feedback system, you know pretty much exactly what you'll get from an Uber/Lyft/AN Other driver, and just as drivers aren't forced to use them, neither are passengers. Certainly in London you can take your pick, whether it's a cabbie, an Uber style company, Addison Lee et al....

Corporate globalisation does create a vigorous economy in terms of numbers of people in employment and profits for those companies.

Only problem is the wages for some are barely more than subsistence level.

To me it is outrageous that someone working full time should need to claim benefits to survive but this is relatively common at the lower end if the scale
 
Uber and Deliveroo are the "gig economy". Fake self employment because it lowers the companies costs.

Don't companies and corporations need to have some social responsibility?

And one could say corporations have got where they are out of fair free market practices but all too often they have got there by a combination of dubious anti competitive practices, inappropriate lobbying or worse (where there is a financial or advantageous connection between them and the governing body or politicians)

Coarse kinda predicted all of this 80 years ago. Firms only emerge when the cost of organising oneself through the market is greater than it would be in a firm. The gig economy platforms are essentially marketplaces that significantly reduce those costs and connect up buyers with sellers.

Don't get me wrong, I'm no great fan of Uber. Their CEO sounds like a prat, and they do some stuff in ways I don't approve of, but in terms of building super efficient marketplaces.

Regarding the lobbying thing, there have been a few studies into that lately (I can dig them out if you want). The general gist is that lobbying goes up significantly in times of political uncertainty. So all the fuss around Trump at the moment will see the swamp growing significantly, as no one really knows what he'll do, so they lobby to stay on his good side. Brexit will be likewise, as it seems likely that we will exit the single market, and therefore it will be politically 'important' (ie heavily lobbied) industries that get any preferential deals going.

It's one of those unintended side effects I guess, in that Brexit will make the UK economy less fair and less competitive by benefiting those who have the means to lobby effectively.
 
Any party that would bring the correct levels of taxation from the big tax avoiders would get my support.

Our economy would be in surplus if Amazon, Google, Costa et al paid their fair share of tax. The answer is simple, pay tax properly or you get a turnover tax.

A turnover tax is one of the worst ideas I've ever heard of.

What if a company, who employs says 500 people, makes turnover of 15m. But has costs of 20m and makes a hefty loss? Daft idea.

Some bigger Corporations don't pay tax because of loss rules. It's almost always not avoidance. It's just simple elections which are enshrined in statute. Corporations are the job creators and therefore subsequently also the wealth creators. I'd cut corporation tax significantly and watch us reap the benefits.
 
If we're in the mood for childish flow charts:

View attachment 36255

Well, I got an A in my Economics A Level but I admit I never pursued it, academically, beyond that.

I know enough to point out that it is neo-liberal monetarism and capitalist recklessness that caused the Financial Crisis, though, and it has so far been ameliorated by largely Keynesian measures. I am also clever enough to note that since the Crisis, it has been the poor and not the super-rich who have footed the bill. Now call me old-fashioned, but that just doesn't seem right to me.
 
A turnover tax is one of the worst ideas I've ever heard of.

What if a company, who employs says 500 people, makes turnover of 15m. But has costs of 20m and makes a hefty loss? Daft idea.

Some bigger Corporations don't pay tax because of loss rules. It's almost always not avoidance. It's just simple elections which are enshrined in statute. Corporations are the job creators and therefore subsequently also the wealth creators. I'd cut corporation tax significantly and watch us reap the benefits.

It's been done, under Reagan and Thatcher and lead us down the path. Not the best of ideas.
 
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