Current Affairs The Labour Party

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Alan Whittle said:
You clearly don't understand securitisation. Borrow now and secure against future income. The assets you mention will require significant amounts of capital unless you propose it all goes on the P&L and who will cover that? Customers? The state?
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I think you are assuming that this is a choice between the state spending nothing and the thing in question continuing in the private sector, or the state taking it over and having to fund / support the thing in question.

For a lot of what they want to do - the railway for example - the state is spending more to subsidize and expand it now than it did in the past (and probably would on a unified system after nationalization) - so the issue isn't whether the state should put its hand in its pocket, its whether it should own the things it is spending its (our) money on and look to get a return from them, or not.
 
tsubaki said:
I think you are assuming that this is a choice between the state spending nothing and the thing in question continuing in the private sector, or the state taking it over and having to fund / support the thing in question.

For a lot of what they want to do - the railway for example - the state is spending more to subsidize and expand it now than it did in the past (and probably would on a unified system after nationalization) - so the issue isn't whether the state should put its hand in its pocket, its whether it should own the things it is spending its (our) money on and look to get a return from them, or not.
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All that is true, not arguing from a political point of view, just with funding by securitisation, a discredited model which brought down the American mortgage market, and hence the banks and was instrumental in causing the financial crash.
 
Alan Whittle said:
All that is true, not arguing from a political point of view, just with funding by securitisation, a discredited model which brought down the American mortgage market, and hence the banks and was instrumental in causing the financial crash.
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Doing it that way would be daft - indeed PFI is not dissimilar to it and that has been a disaster.
 
This Corbyn anti semitic thing is a farce. The man doesn’t have a racist bone in his body, if you agree with his policies or not, anyone with half a brain could see that.

Meanwhile, the Prime Minister has actually said Racist, homophobic things several times, but that is ok of course.
 
roydo said:
Well a senior MP, let alone a potential PM who doesnt realise that issuing Government bonds isnt debt/borrowing, is frankly, stupid.
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I thought I heard that correctly. It's crazy.

And that was a terrible interview from Corbyn.

His only solace is Andrew Neil is a tremendous broadcaster and will give Boris a nightmare of a time too.
 
orly said:
People who have worked with her mate - but will concede immediately it is anecdotal.
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The people she works with are probably a bunch of luvvy helmets who deserve it.

She had real guts there tonight coming out and sticking it to the Tory handmaidens in the Jewish middle class hierachy.
 
davek said:
The people she works with are probably a bunch of luvvy helmets who deserve it.

She had real guts there tonight coming out and sticking it to Tory handmaidens in the Jewish middle class hierachy.
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I don't think anyone deserves to get treated badly at work tbh.
 
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