Comments by "Mark Welch" (@markwelch3564) on "Richard J Murphy" channel.

  1. You're far more sophisticated than I am. I call them crap because they are crap!
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  2. This is a side effect of FPTP. When establishing a new party is really difficult, it's inevitable that many politically driven people will look to join an existing party and try to steer them towards their goal Countries with representative electoral systems see a lot less of this sort of thing 🙂
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  3. @ster2600  that's necessary and welcome, but where's the infrastructure investment? We've gone from hard austerity, to austerity lite. It's an improvement from where we were, but it's still short of what's needed to turn things around
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  4. A model that mitigates risks at rhe start, in return for a share of the success from the winners makes a lot of sense to me
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  5. That depends entirely on where the easing goes If it goes to already rich people, so they can buy even more houses, then it will be terrible Spend it on infrastructure and it will be great for ordinary people
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  6. Journalism and analysis is important - we need people making policy, and we need people holding the policy makers to account I think Richard Murphy is good at holding them to account, and hope he continues 🙂
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  7. If it was all about profit, and social use was discredited, we'd all be dealing drugs But in reality, social use is actually rather important!
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  8. also, tax is a better way to balance a universal benefit. Then you only need one department processing it, keeping things simple, and greatly reducing the chance of someone falling into a gap in the middle
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  9.  @imbonkers3629  because a lot of those people on benefits already have a job - it's just so rubbish that they need benefits as well as work to cover the basics That's how broken work is right now 🙁
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  10. ​ @JupiterThunder self awareness fail, there!
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  11. Yep! Vote Green, tax billionaires and invest in UK infrastructure 🙂
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  12. @JB_inks  do you have any good links? The vibe from the coalface is that it's an interesting academic curiosity, but practical applications are wildly overhyped. I am very interested to see informed counterpoints 🙂
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  13. "Don't let me shoot myself in the foot" isn't the strong position he claims it is
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  14. From my understanding, even there it's more of a money laundering mechanism to hide the real currency involved, rather than a market primarily using crypto as it's foundation
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  15. Your numbers are broadly correct, but everything else is rubbish
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  16. Roosevelt's new deal
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  17. Holding back? They rolled out the red carpet to welcome them!
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  18. Wonder which one of Wes' donor mates suggested that idea?
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  19. I am happy to call that bluff. Allowing entitled endulgence for a few hasn't worked well over the last 40 years. Let's try doing the opposite 🙂
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  20. I thought democracy put more weight on a vote this year, than on a vote from almost a decade in the past... If he keeps listening to the past more than the present, I don't rate his chances much next election
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  21. We have carbon capture and storage technology - they're called trees However, there's not much opportunity to extract big shareholder dividends when planting trees...
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  22. But "use the private sector to bring down waiting lists" is enough nonsense to undermine the whole plan There is no spare capacity sat idle in the private sector, so either this is unresearched, or Wes is funding an expansion of the private sector I don't want an unresearched plan, and if we have money to expand capacity, we should so so within the NHS!
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  23. So if the buying power of gold has increased, and most of the gold is overseas, the gold standard moves economic power overseas Not sure that helps the UK much!
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  24. ​@dazecm this - asset stripping is prioritising very short term profit by breaking a company and having a fire sale with the valuable bits over a steady, long-term viability
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  25. Melei is only described as "doing a good job" when Melei marks his own homework
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  26. ​ @lestrem11 people keep getting ill. Who knew?
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  27. ​ @martinsingfield but without unions, you have an unopposed monopsony, which is also bad
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  28.  @loc4725  sure, deficit spending to invest, and taxes on the wealthy has never worked, as long as you ignore things like the American New Deal, that did exactly that, and it worked...
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  29. Do NOT give them ideas! Their sarcasm detectors are infamously broken
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  30.  @Hardcore_Remixer  you know what really kills risk taking and endeavour? Having to work 50 or 60 hour weeks just to cover the bills Strong social safety nets are the best way to encourage innovation. Look at the eras of peak innovation - they were all eras of prosperity where the vast majority of people felt secure Meanwhile, insecurity will result in stagnation or even decline. The pattern from history is clear
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  31. That's not the Starmer and Reeves I can see. They're doing the same free-market dogma as the Tories, but mildly reining in the worst of the rampant extraction and exploitation
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  32. They love those flags so much, but you can't eat a flag!
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  33. To be fair, politics is stagnant and unimaginative currently
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  34. ​ @inguzwulf the really short answer is our journalists are the worst How can ordinary people hold power to account if the journalists (who should be our eyes and ears) can't tell us what is going on?
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  35. Workhouses would mean you get paid less - you're competing for work with people paid nothing but the food they eat
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  36. ​@loc4725 there's something in common between Stalin style dictatorship and corporate multinationals - vast power in the hands of a small number of people Overcentralisation is the issue, whether done by authoritarian coup or corporate buyout
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  37. @marcopolotimetraveller  gold is an unreactive metal with good electrical conductivity. It is one of the most malleable and ductile of metals It's market value is a curious and persistent bubble, but ultimately just as irrational as crypto
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  38. It's almost like you didn't watch the video before commenting 🤔
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  39.  @sanshuma0  if people vote for arson, arson they shall get Accountability works both ways. The government needs to be answerable to the people, and people need to take responsibility if problems are caused by a government doing what the people voted for Because what is the alternative? If an independent authority doesn't answer to the people, who do they answer to?
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  40.  @johanlantz1474  I'm not a fan of this. With no central anchor, your currency swings wildly at the whim of speculators with enough assets to run pump and dump schemes It's not a fun foundation for your finances!
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  41. Wierd that you targeted Milliband, when Starmer and Streeting are right there to highlight first...
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  42.  @terryboland3816  apologies, this is the level we're going to be at. Talking economics with you is pointless 🙁
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  43.  @OneAndOnlyMe  I hope manage means counter, rather than appeasement!
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  44. ​@davidknowles1219 what investments? They aren't investing anywhere useful, so what would we lose if they go?
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  45. and what they have changed into is another Tory party
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  46. ​ @zetectic7968 it was a bad idea then, and it's still a bad idea now!
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  47. ​@stephfoxwell4620 thing is, people keep retiring, and we have less people being born than retire If you don't want immigration, which jobs do you want to leave unfilled as people retire?
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  48.  @azillliasmith2734  from babies born 66 years ago?
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  49. There's no cheap fossil fuels left in the UK - all the easy fields are dry, and what's left is awkward and expensive
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  50. this, and "but the private sector does have money - let's give everything to them" 🤬
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