Comments by "Mark Welch" (@markwelch3564) on "Pod Save the World" channel.

@steveharrison76 he has a blind spot for people who speak like him and went to similar schools He genuinely had concerns about austerity, but someone with a posh accent told him it was harsh, but the only way to save the economy, so he nodded along in posh solidarity
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Batteries aren't the only way to store energy. A very effective way is a hill or mountain, a lake and water turbines 🙂
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It's the hot hand fallacy in action - they see amazing leaps forward, and assume such leaps are going to continue, while a more active analysis shows that progress has pretty much plateaued, and minor incremental improvements in efficiency are the more likely occurance for the foreseeable future
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I always ask if the fishing community are happy with what Nigel did for them His track record speaks for itself, but Nigel doesn't like to look back at his record for some reason!
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I get people wanting to vote Labour to get rid of the Tories, but if you can vote for Faiza in Chingford or Leanne in Ilford North, you have another option 🙂
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Yeah, they've already named it "fiscal discipline"
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I also don't remember any concerns from the Tories when they won an 80 seat majority 🤔
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@AdamTV but that's not a problem with the theory, that's a problem with irresponsible management There's no economic model that will work if you just do all the pork barrelling and none of the responsible managing
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@RobinHarris-nf4yv not that there isn't a connection, but that the connection isn't one to one, and what you invest the money in matters as well as how much you spend Credit card theory treats all spending equally, so if you can convince the electorate that yachts for millionaires is a status symbol that benefits the whole country, credit card theory would treat that spending just the same as building wind turbines MMT modelling reflects the different economic impacts of different spending, and explicitly gives more headroom for productive investment
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Demographics are against them - young (and even not so young) people are not voting Tory. As an opposition party they could adapt and find a way to appeal to right leaning younger people As the third or fourth party, what can they offer?
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@therandomoguy3809 I am refuting by agreeing? I think there's some crossed wires here...
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I wouldn't go that far! Labour are definitely right of the LibDems nowadays though
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@RealDareel but the Tories don't talk about privatisation in the same way they don't talk about breathing - it's just a given
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@RobinHarris-nf4yv it's a bit potayto potahto Do you need taxes to spend the money, or do you need taxes to manage inflation because you spent money via deficits? Either way you spend and tax, it's just how you frame it. I do have a slight preference for the MMT framing though, as it breaks out of the unhelpful mindset that government spending is a big credit card that you can max out. That myth needs to be ended!
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@RobinHarris-nf4yv it's a model and a metaphor, so it will always miss some nuance of reality, just like any other model However, MMT thus far explains and predicts economic behaviour better than the credit card model, so we should stop using the credit card model
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@AdamTV but the monetarist limits on spending are just austerity. It didn't prevent crashes, it just cripples our ability to recover from them There's no hands-off solution that makes the economy work without stewardship, whatever framework you choose. At least MMT tells you what you're guarding against, and gives you a more flexible toolset for inflation. Just yanking the interest rates lever when inflation is high is naive and often hits the wrong sectors
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 @sebastiang7394 that said, snarks may interpret it as Rishi signalling where he intends to live after the election 😝
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Like George said, it's something people get better at with practice. Anecdotally, I've heard a lot of people only decided their Brexit vote on the day If people engaged with Brexit before the vote in the way they did afterwards, the result would have been different
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and with so many candidates being parachuted in from central office, we may as well switch to a party list system
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@jennkellie7341 but we already have pump storage hydro, and plenty more hills and mountains if more is needed!
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I agree - it's not a protest vote, it's a strategic vote
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 @alexharrison2743 it's almost like people know assets are overvalued, the market is broken and a crash is imminent 🤔
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 @oitoitoi1 Reform loyalists are already in government - they just stood as Conservatives to get elected
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 @therealrobertbirchall nothing to add, other than support and confirmation!
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@AdamTV you could take a more Keynesian approach too if you prefer, and keep a credit card model, but allow a higher limit when more investment is needed You can frame the same result with different models when that makes sense 🙂
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Did you research her criminal record too? I suggest you do!
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As a family, the Sunaks are wealthier than the Windors from what I've heard
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Choice is good, and there's room for both 🙂
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I disagree that it's wasted. It won't elect an MP, but a growing Green vote share helps shift the national conversation We need to break the vicious circle of people not voting Green because Green can't win, and we only do that by voting so people see Green as a growing party that could be viable in the near future 🙂
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@GrowYourOwnLife that's fair - if my MP was someone like Braverman I'd be all over tactical voting! Here, it's a corporate Starmerite or a careerist Cameronite. Neither scares or thrills me so I'm voting Green I could be convinced to vote Labour tactically, if there's a comitment from tactical voting people to support the Greens in Green marginals. So far, I'm getting the opposite message from big names in the tactical voting movement though 🙁
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 @chriselliott726 but is he competent, or is he good at doing a performance that superficially projects it?
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@chriselliott726 there's already some worrying signs. Labour are asserting they won't raise taxes (outside of the very specific and narrow private schools and non-doms, which aren't big-money changes). They want to invest. They won't borrow It all comes down to often repeated promises of growth, but to fix the country while not raising any more taxes, that growth is going to have to be unprecedented I have learned to be cautious around people who bet their entire plan on unlikely odds occurring. I see hard times and deep disappointments ahead 🙁
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@chriselliott726 I would do it through regulation first, especially for water Hold them accountable to reasonable standards and see if they stick around If they do, privatisation gets to continue, but my guess is they'll fold and cut their losses. Either way we get the water infrastructure we deserve
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@chriselliott726 I don't want to regulate them out of existence, but do want to regulate them tightly enough to prevent the vast wealth extraction we're currently seeing I suspect the current owners would quit rather than tackle the difficult challenges of fixing their own mess, but I won't be an ideological purist and insist on nationalisation. Results are more important than ideological point scoring 🙂
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