Comments by "Terence Field" (@terencefield3204) on "Headlines and hidden meanings" video.

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  2. The argument between the big tax/big spend state on the one hand, and the small tax/small state on the other is developing in a condition of severe failure in Britian, which has happened over 77 years of perverse economic mal-administration. The consequence has been low productivity, pitifully low growth, massive indebtedness, collapse of prosperity for 1/3 of the people, which will accelerate to consume 1/2 or much more of the people there. Politically, I do not understand why Truss cut taxes by 45 billion, but did not cut state spending by an equal amount, That shows her naivete, lack of brainpower and inability to govern. Should the British choose Labour, comforting statements about reversing the cuts and maintaining the high tax / high spend economy the CENTRAL question you in Britian should ask, but which you will NOT Ask is Will the continuation of what was done from 1945 to now result in anything other than the expansion of poverty to consume half or more of the state? The second question you should ask is, 'IF the attempt to cut spending and cut tax, (assuming Truss gets to actually do it), and if she wins the election in 2 years' time (still quite possible) then if that does not work and the economy remains unproductive and a failure, which it is and has been for many decades, should there be a permanent move to a European style redistributive system of shared misery, but not based on the perpetual increase in the debt burden? Nothing else is worth talking about. All else is wind. What cannot be denied, however, is that the policy prescriptions followed from 1945 to the present has produced a disaster. It has NOT happened since 2016. Nor from 2008. This depth of disastrous failure took a full three quarters of a century to achieve. It is terrifying for the population. And terrified people usually make very stupid decisions. That is where you need visionary competence in leadership. Which appears NOT to exist in that country now.
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