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Mark Welch
Richard J Murphy
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Comments by "Mark Welch" (@markwelch3564) on "Richard J Murphy" channel.
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@MacroWithDom so how did Trussonomics do when tested in reality?
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Yes, like that - but even more so
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@keithparker1346 it's not over with Wes, but it makes a great first step 😁
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@keithparker1346 and hopefully serves as an inspiration for other seats too!
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@sfgoddard negative inflation is really bad - it means existing money goes even further It lets the already rich become even more powerful without any effort on their part
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Carbon capture and storage in action, no? It's the book burners who are adding to the carbon problem!
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@martineyles still an improvement on the current situation, where they can only spend what Westmister allows them to tax
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I would!
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@JupiterThunder 👋
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Not lost, but it was definitely a big setback 🙁
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@StaggerLee1468 it can be challenging, but it's the first step of opposition 🙂
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@JupiterThunder that's exactly what they are doing
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@MartynThomas1 do you think the Starbucks board and shareholders will absorb the difference, or Starbucks staff and/or customers?
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@stephfoxwell4620 is this a parody comment?
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@organismseven3700 so what Green policy would you consider to be Marxist?
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Starmer and Reeves have a quite Thatcherite aversion to applying taxes 🤔
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Truth is, landlords will spin anything into a justification for higher rent 🙄
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@SyrianArrow there's no thinking or agency yet, even if it does seem like it, especially in short-form examples from LLMs They are only as smart as their training data though, as they're just remixing the source material. Sometimes the sampling gets very confused, and they aren't even as smart as their source material Anything needing actual agency or problem solving is still far beyond them
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@martinsingfield and doing so is disruptive for both the individual and the company Wouldn't it be so much better to negotiate a settlement and avoid that disruption?
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They knew austerity is unpopular, so they relabeled it and called it "fiscal discipline" instead...
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So which public service do you want to close down?
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@parrotshootist3004 but Ukraine is a sunk cost that has to be paid, as not paying it is even worse We have an alternative to AI. I am all for research and academic progress, but trying to commercialise LLMs feels either premature, or an active con
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@skyblazeeterno will that agreement involve Putin owning a big chunk of Europe's most productive farmland?
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I don't know if Corbyn should join them, he seems to be doing well where he is but some kind of electoral coalition, like the NFP in France, makes a lot of sense!
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@TheOriginalDaveJ for fair taxes that will fund our public services, for starters 🙂
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@RichardEnglander prices go up if you have more money budding for the same assets If you create assets with the money, you're creating assets in balance with new money This assumes that tax policy is also being used as a balance to prevent inflationary bidding behaviour on existing assets
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Yeah you can - do the unglamorous jobs yourself I've been there and done that, so I am happy to have more hands on,and don't care what colour they are
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It is a perfect plan, with one caveat - you need to make sure you find the perfect dictator...
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Something radical? Wealth taxes 🙂
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Are these the same clever people that gave us Liz Truss?
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There's an argument he could have done more to reduce our exposure, but he couldn't have prevented it - only American policy could do that
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We used to be rule makers, and now we aren't. Thanks, Brexit!
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@SBuk1 uno reverse - you're the fake, prove us wrong
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@alexdavis1541 my reply appears to have been eaten, so I'll rephrase They can only buy so many meals, but as landlords they can buy all the houses That definitely affects everyone else!
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There are more options than small state capitalism and centralised communism...
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The best counterbalance to natural monopolies is not privatisation - this just changes who extracts and exploits the monopoly! Instead, you need pluralist democracy and strong journalism. If corruption is called out by journalists, and political alternatives are available, corrupt extraction can't last long It's easier to change a democratic governance than a shareholder executive!
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If the megarich stop buying all the houses, then that's a good thing 🙂
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Only when they are in opposition 🤔
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History shows differently
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@darthkek1953 but American GDP is a financial bubble - America doesn't make enough stuff to keep that stable Which is classic late-stage capitalism. Paper wealth, rentierism and asset bubbles
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Still sore about having spent years of your life studying an economic dogma that repeatedly fails when applied to the real world?
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@suburbanyobbo9412 yet, but they're working on it
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The really short story is "we love our rich donors more than our constituents" - but they say that one really quietly!
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It was targeted at the retired and the nearly retired... again Both Labour and Tories are building up a future demographic that will loathe the big two - who neglected them for their entire lives
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Smaug-piling is bad though, so discouraging that is a good thing
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@daveisbrill Other than the language difference, there's definitely an argument that London and Tokyo are more similar to each other than to the respective rural regions I don't know rural life well enough to compare rural UK to rural Japan, but I suspect they would have quite a lot in common if you break past the language barrier
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What do left wingers refuse to admit? Generally, we're quite open about the whole "tax the rich and nationalise our services" agenda in my experience
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@jeremykille4689 you can hold any opinion you like, but when it becomes action that affects others, they're going to respond Don't act all cute like we're just discussing ideas in a dusty library tea room. This is the future of the country!
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@jeremykille4689 caring about stuff is a high horse? You have very low standards!
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@peterclareburt4594 so, present ourselves as a light snack for whichever side gets to us first?
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