Comments by "Curious Crow" (@CuriousCrow-mp4cx) on "The UK Economy is Broken – How Can we Fix it?" video.

  1. They can't fall because the value of the debt propping up the value of the asset wealthy's portfolios would fall. And we can't have that can we? BTW, the Bank of England does not control Interest Rates. Markets do. And they're not going to settle for less returns, thank you very much. They don't care that you can't afford to buy anything. Even when we are subsidising bank at a cost of £40bn a year to do something they have to do by law anyway. Thats how broken the UK economy is. Perverse incentives go unchecked, and more wealth is transferred from those who depend on a wage to those who survive on the profit from their assets. Unless those perverse incentives and the negative consequences are addressed, by being removed or significantly reduced, this economy will continue being unable to grow. An economy that hoards wealth and speculates instead of making productive investments, loses the ability to grow. We gone past the point where clamoring for the status quo of the past is credible or tenable. We not building a country, we're building economic apartheid, where the few vampirise the lives of the many. It's a cancer. Until people realise that things will not improve if left as they are, we'll keep having these conversations, and nothing will change. The economy is being allowed to bleed out by underinvestment, greed, and folly. And until we start taxing assets at the same rate as wages, and shift tax subsidies from speculative investments to productive ones, and rebuild the things that allow the economy to grow, like infrastructure, housing, and uoskilling workers, the standard of living will fall. The allure of the normal is pretty pointless when things are abnormal, and have been so for decades.
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