Comments by "Curious Crow" (@CuriousCrow-mp4cx) on "Is UK Heading Towards ANOTHER Recession in 2025?" video.
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I read the new book "Money" by David McWilliams, and he says that monocultures in nature are fragile, and by having financial services dominating our economy, we have an economic monoculture where there is less productive investment than speculation and rentierism, both which put nothing into the real economy. All it does is run the economy on debt, and transfer wealth away from workers and the asset limited, and give to the already asset wealthy. All the increases in GDP have gone to asset owners, and everyone else has been exposed to increasing wealth and income inequality over time, as they turn to debt to maintain their living standards, or to put a roof over their heads. The banking sector just lives to create more debt, and that's drive out productive spending. Unless we actually address that lack of productive investment, things can only get worse.
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GIGO. You've have a house and your windows are rotten but you won't repair the damage because you don't care. You're a landlord renting it out. So, the landlord is taken to court and is fined. He sells the house to someone who wants to repair the house, but the previous owner didn't tell him about the damage. Who would you blame? The new owner or the landlord seller? Iwe follow your logic, we would blame the buyer and not the seller, and that doesn't make any sense. Labour are just cleaning up after the Conservatives screwed this country over. They've weakened the economy to the extent it cannot grow. They created an economic monoculture based on debt, which is driving out productive investment that creates real jobs and productivity rather than debt farming and speculation. Monocultures in nature are fragile, because diversity makes it harder for pathogens to do damage to the whole system. . We see that in the Cocoa Industry right now, and our economy dominated by debt farming, asset bubbles, and speculation, is simply too weak to grow. There is simply too much debt, and too little productive investment. And the government of only 7 months cannot undo the harm done of nearly 5 decades. And it may already be too late to do anything, because there's another financial crisis brewing in the synchronised and highly interconnected global financial system. Global trade volumes are down, and the government doesnt have the money to invest to kickatart economic growth.the Conservatives the country loaded up with debt, and spent it on their donors, friends, and families. And you can see the growth of that debt even before the pandemic put the cherry on the cake the Tories were eating. They're asset wealthy, and they don't care. So if you want to complain, at least put the blame where it rightly belongs on the people who made the mess, and not the poor sod trying to clean up after them. And just for the record, Reform. Uk are Tories in Sheep's clothing, and they would make even a bigger mess. So please, there is no Wizard of Oz who can wave his wand and make this better it took 50 years nearly to get here, and because of that it can't be fixed in 5 years, or even 10, because the only money that is available is tax and savings. and until it becomes obvious that there is no way to avoid these, that we can no longer afford to subsidise asset owners gains that allow them to debt farm, speculate and strangle productive investment, just to make them richer, things will only get worse.
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