Current Affairs The Labour Party

[bol-uk]

Oh yeah, I'm totally rattled which is why I'm considering voting for Labour.

I take exception with his constant use of 'we' in speeches when he is addressing the problems faced by the majority of the population. He is not part of that 'we' at all. It's disingenuous. Especially when some of the policies don't particularly seem thought through to a logical conclusion, which in the long run could cause more issues for the 'we' which he isn't part of.

As an example, giving away shares in a company is wonderfully progressive, but what does that do to share prices, dividends etc, what knock on effect does that have on pensions further down the line? I'm sure he'll be fine having earned several times the average wage in the country for a number of years and having a property which if times to get rough for him he can sell. People that are on the thin end of the wedge and will need a secure pension to see them through, maybe not so much.

But, yes, because I don't agree 100% with Corbyn I am a terrible person and should really just slash my wrists.

I rest my case

 

[zzr45]

But whose side are you on?

Apparently the Elites for having worries!

 

[Bruce Wayne]

Apparently the Elites for having worries!

Daft isn't it? Election periods are generally crap.

 

[zzr45]

Daft isn't it? Election periods are generally crap.

Might just vote Conservative. At least if you voice concerns about Boris they laugh it off rather than launching into full on spiel for daring to think something different.

 

[Jebus_lives]

Went to private school (the irony). Bumbled about a bit on gap yahhs when they weren’t a thing. Hasn’t had a proper job. Has a net worth of £3 million, including a house worth about 3 times the national average. Whatever his hobbies and interests are doesn’t particularly matter and the fact you’ve used them as a point to ground him seems odd.

He doesn’t know about the struggle people go through from first hand experience. I have no doubt he has plenty of second hand experience from his time as apparently an exceptional constituency MP. But framing himself as ‘one of us’ when he’s anything but is a bit much.

What's a 'proper job'?

Keep reading it on here and I've no idea what people mean by it.

 

[Bruce Wayne]

What's a 'proper job'?

Keep reading it on here and I've no idea what people mean by it.

Something manly. With grease and stuff.

 

[Jebus_lives]

Something manly. With grease and stuff.

I've seen it used to highlight the difference between Farage and the EU Commissioners.

Don't think Nigel has ever done a 'manly job' has he?

 

[abelard]

As an example, giving away shares in a company is wonderfully progressive, but what does that do to share prices, dividends etc, what knock on effect does that have on pensions further down the line?

It will have no short term effect. Corporations have been assigning percentages of their shares to incoming and outgoing CEOs for decades now. What Labour proposes is no different.

In the longer term, pension fund managers will be delighted, because with worker representation, firms will be far more likely to pursue long-term stability and investment, based on capex-driven productivity growth, rather than gaming the stock price via buybacks and M&A cartels (at this point every public company); building up bubbles and cashing out before anyone notices (Carillion et al); or stripping profitable companies for parts then hoping to flip them before they collapse (Debenhems, Toys R Us etc).

Hedge funds and slash-and-burn private equity groups will shriek to the heavens, on the other hand, but that's sort of the point.

 

[zzr45]

It will have no short term effect. Corporations have been assigning percentages of their shares to incoming and outgoing CEOs for decades now. What Labour proposes is no different.

In the longer term, pension fund managers will be delighted, because with worker representation, firms will be far more likely to pursue long-term stability and investment, based on capex-driven productivity growth, rather than gaming the stock price via buybacks and M&A cartels (at this point every public company); building up bubbles and cashing out before anyone notices (Carillion et al); or stripping profitable companies for parts then hoping to flip them before they collapse (Debenhems, Toys R Us etc).

Hedge funds and slash-and-burn private equity groups will shriek to the heavens, on the other hand, but that's sort of the point.

The CBI completely disagree with you.

 

[degsy]

Something manly. With grease and stuff.

Hammers and spanners, don't forget hammers and spanners, reet crucial themuns tha knows, ee by gum trouble at mill and such gubbins
Or
Grammar/private school, Uni with an ology at the end of it, straight into local government, union, the city. Always money left over at the end of the month, not days left over at the end of the weekly money.
But you probably knew that...not about the hammer though, knowbody knows about the value of a hammer...those who know etc.

 

[abelard]

The CBI completely disagree with you.

Always a sign that a policy is probably sound.

In truth though, it is a bit of an odd hill to die on, not because of the predictable quivering about Bolshevism or whatever from corporate lobbyists like the CBI, mind, but because the more likely outcome is that it won't have much effect at all. There are dozens of better ways for Labour to pursue that reforms that Britain needs. Worker representation on boards won't hurt, but probably won't change much either. Re-empowering unions would be a much more effective means to the same end.

 

[The binman chronicles]

It will have no short term effect. Corporations have been assigning percentages of their shares to incoming and outgoing CEOs for decades now. What Labour proposes is no different.

In the longer term, pension fund managers will be delighted, because with worker representation, firms will be far more likely to pursue long-term stability and investment, based on capex-driven productivity growth, rather than gaming the stock price via buybacks and M&A cartels (at this point every public company); building up bubbles and cashing out before anyone notices (Carillion et al); or stripping profitable companies for parts then hoping to flip them before they collapse (Debenhems, Toys R Us etc).

Hedge funds and slash-and-burn private equity groups will shriek to the heavens, on the other hand, but that's sort of the point.

Or these hedge funds will buy profitable companies up and take them private before it came into force or you might see profits being channelled into foreign 'investments' or re-tooling etc. (sorry we didn't make any profits this year..) until the Tories get back in power and reverse the whole thing. Anything can be gamed.

This along with the right to buy from landlords are stupid policies and all it does is turn off a section of the voters who may want to see a more compassionate government but don't want to see 10% of their business commandeered or assets stripped. Everyone else who has a few bob or a business might be thinking what else might they do when they get in power? It makes Labour less likely to outright win an election and possibly leave us with the equally harebrained and divisive Tories.

 

[abelard]

Or these hedge funds will buy profitable companies up and take them private before it came into force or you might see profits being channelled into foreign 'investments' or re-tooling etc. (sorry we didn't make any profits this year..) until the Tories get back in power and reverse the whole thing. Anything can be gamed.

This along with the right to buy from landlords are stupid policies and all it does is turn off a section of the voters who may want to see a more compassionate government but don't want to see 10% of their business commandeered or assets stripped. Everyone else who has a few bob or a business might be thinking what else might they do when they get in power? It makes Labour less likely to outright win an election and possibly leave us with the equally harebrained and divisive Tories.

No offence, but this is pretty incoherent. 'Commandeering business' is a nonsense corporate talking point, as I explain in the post you quote. And asset stripping and hiding profits overseas has been the basis of British industrial policy since at least the 80s. You can't threaten something that is already standard practice.

Also, if Labour doesn't win, this is will have absolutely nothing to do with it.

They will lose because people in places like Northern Wales are reacting against everything you describe, but have become convinced that Taking Back Control Cummings-style is the only way to do it. Cosying up to the FTSE100 a la Yvette Cooper or Owen Smith would make Labour significantly less competitive in every swing constituency then they already are. The election is not going to be decided in Cambridge, or Surrey.

 

[Thomasc]

I’m not a Corbyn fan nor anti-Corbyn.

But it seems to me that Labour will miss a golden opportunity to defeat the Tory party by not selecting the right front man at this election.

He polarises opinion so much that he’s not even going to be able to see off this shambles we currently have governing us.

Throw Diane Abbott into the mix and it makes it even less appealing.

Once you have looked at policies, plans, promises which will probably never be fulfilled, It’s all about having the right front man and he simply isn’t that.

Tory’s are there for the taking, just nobody around to do it sadly. Usually you would say the only saving grace is they probably won’t get a majority.......but then we have the Brexit Party to help make the numbers up, this could be horrific and a victory for the far right, which sends out completely the wrong message to our citizens, a large majority who are already deluded wannabe middle class [Poor language removed] anyway.

 

[Tubey]

I’m not a Corbyn fan nor anti-Corbyn.

But it seems to me that Labour will miss a golden opportunity to defeat the Tory party by not selecting the right front man at this election.

He polarises opinion so much that he’s not even going to be able to see off this shambles we currently have governing us.

Throw Diane Abbott into the mix and it makes it even less appealing.

Once you have looked at policies, plans, promises which will probably never be fulfilled, It’s all about having the right front man and he simply isn’t that.

Tory’s are there for the taking, just nobody around to do it sadly. Usually you would say the only saving grace is they probably won’t get a majority.......but then we have the Brexit Party to help make the numbers up, this could be horrific and a victory for the far right, which sends out completely the wrong message to our citizens, a large majority who are already deluded wannabe middle class [Poor language removed] anyway.

Agree really. It's why I said the other day that Labour would be much better suited in at least making an attempt to tone down the ideological insanity for this one. The base are voting for them regardless; it's the middle ground they need to convince.

But they won't. A decade of austerity and incompetence from the Tories and Labour are still massive underdogs in an election, solely because of Corbynism.