Comments by "TJ Marx" (@tjmarx) on "UK economy flatlined in March as strikes impact growth" video.

That isn't Tories blaming it on strikes, that's the international economics community and the civil servants in the ONS. Do you know why? Because strikes absolutely tanked the economy. If you can't see why perhaps you need to be quiet until you learn how economics work.
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@W1DO That's because the soldiers aren't responsible for a war. The workers are responsible for a strike though. They're not getting more money so it's a waste of time.
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Brexit was actually the best thing the UK could have done. Now the UK needs to capitalise on that.
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@antonioandresgarcia5130 Yeah, that's not how that works.
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What a silly thing to say. The absolute truth of the matter is, NHS workers just need to suck it up and work harder to clear the backlog.
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I don't know whom Ben Habib is, but he was very clearly trying to provide the how but wasn't allowed due to time constraint of the interview. If you want his how, perhaps your comment is better used asking channel 4 to have him back on alone to answer the how.
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@aesma2522 Telling me he's "well known" doesn't change that I don't know who he is. Is there an interview you can direct me to where he states what you've claimed, or are you just speculating? Neither of the guests really have much clue about economics. I'm not sure* what the EU has to do with this. The UK needs to move away from the EU as it's biggest trading partner and towards Asia where the money today and into the future will be.
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Oh so now you want to talk about the stuff I've been saying for months... You're still all getting it wrong though.
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@infoillness4222 That's not how UK referendums are set up, they don't require a double majority, just a simple majority. The union isn't set up as separate sovereign states, it's set up as a single sovereign entity. Scotland has a first minister, not a prime minister. It isn't sovereign. It's a territory as is England, NI & Wales. Instead of a genuine union it's better to think of the UK as closer to an unofficial federation with it's parts making up the states and it's federal government based in Westminster. Now a federation doesn't entirely hold true, the UK lacks a constitution for starters, but from a macro perspective it's closer to how the UK operates than a pure union is. 51.89% of the entire country voted to leave. Get over it
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@finalcut612 These sock puppet accounts have to stop. Come back with your real name
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@finalcut612 So short sighted. Yes, the EU is absolutely a sinking ship. I enjoyed that you say "given the circumstances" yet won't be as charitable to the UK. Let me guess, you're a sock puppet account from outside the UK. That's ok, you'll see what I'm talking about soon enough. Enjoy the ride
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@infoillness4222 Indeed, I did read your comment and as per usual found it lacking. You can be silly all you like, it just makes you a clown.
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@infoillness4222 Not at all. No insults from me, just facts.
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@infoillness4222 No need, you already have. Have a nice day.
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I'll take this as a good faith question and answer it for you. Your mortgage interest rate didn't go up because of Truss. She was a buffoon who doesn't understand the fundamentals of economics to be sure, but none of her policies caused the interest rate rises. Interest rates went up because it's the only real lever the independent bank of England has to tackle inflation. Your mortgage interest rate would have increased regardless of who was PM. Now, consider this. You join a union for work. The union have a lot of rules in place and you eventually realise that if you didn't have to follow the union rules you'd have a promotion by now and would be making twice as much money. You eventually get fed up with it and leave the union, but inexplicably continue following the unions rules that made you want to leave in the first place. As a result you continue to not get that pay rise, but you also don't benefit from the union negotiations with the employer either. Now if you just stopped following the union rules which you have no obligation to follow any longer you'd get a promotion by the end of the month. But you don't. You keep following them. A new employee starts. Does that new employee join you in this weird zone following union rules but not benefiting from them, or does the new employee join the union which whilst imperfect and not ideal at least has some benefits? If you stopped following the unions rules and got paid more because of it, do you think the new employee would join the union still seeing your success not being part of it? That's what Ben Habib is talking about. The UK is still following EU rules, the thing that caused brexit. It isn't taking advantage of not being in the EU anymore. So whilst there is enormous potential if the UK dropped the EU rules, it hasn't so business has to go where it will get at least some benefit. What Ben Habib is advocating is that the UK take advantage of it's opportunities instead of squandering them.
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@ToothbrushMan With 18 years in medicine I can assure you that most people don't follow medical advice in 2023. In fact if patients did simply flow the medical advice the national cost of the NHS would be slashed. More importantly that's a terrible analogy. No, the UK doesn't have to follow EU law in order to trade with the EU, and no the UK doesn't have to trade with the EU. You might personally see trade with the EU as desirable, but to claim it's something the UK has no choice in is outright false. That's a good thing because the EU is driving full speed towards a social and economic collapse, somewhere ~20 years from now. The UK has that time to migrate away from EU trade and towards Asia. That's the point of brexit, it's why all of the UKs trade deals since brexit have focused on the Asia Pacific and Oceania. When yankville, Canada, Oceania, China, Russia, SEA or the EUs other trade partners trade with the EU they do not ratify EU law to do so. Individual manufacturers have to follow the EU rules for their products that are specifically distributed to the EU but that's it. Products not destined for the EU, don't have to follow EU regulations and the nations those companies HQ in don't have to hold a bunch of other EU regulations. It's a decision each business has to make for themselves on whether exporting to the EU makes sense for them. See there's this thing called sovereignty, and it means other countries don't get a say on what happens domestically. I know you're going to hate everything I just wrote, but whether you like it or not that's how things actually work. The UK isn't going to be part of the EU ever again, so let it go. If you want to be in the EU so badly, move there.
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@CJ-kq8je That isn't a problem. As I said for the UK to survive and prosper trade has to move from the EU to Asia.
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@CJ-kq8je Depends on what the UK pivots into producing over the next 20 years. Industry needs clear direction from government, with investment by way of industry based subsidies for those industries government decide the UK can be most competitive on. Let's be clear, the second half of this century won't be fun for any country that hasn't pivoted their economy to asia focused. There is no future for the EU.
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@CJ-kq8je It isn't a block, it's a bloc. You don't seem to be following, it's ok. You don't need to understand, just sit back and leave this to the people who do. I'm sure there's something more up your alley on BBC One or BBC Two right now...
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@liestricks <--- Great pseudonym for your sock puppet account. At least your being upfront about your intentions. That's a very nice story you wrote out. Unfortunately it mere fiction. Come back when you're willing to show your real name and actually learn about economics/why the EU is a sinking ship
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@W1DO The soldiers aren't trying to benefit from the war... Your analogy really is silly. Get back to work, leave the thinking to people who know what's going on. You clearly don't
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@W1DO Soldiers are paid the same regardless of whether they are deployed or not. Your analogy is quite frankly retarded. The second part of your last comment has confirmed without question that you have literally no clue what you are talking about.
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@safebans1369 roflmao. Typical nonsense sock puppet account reply. No grasp on reality. How many of these sock puppets do you operate?
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@boota1979 Hey look another sock puppet account talking identical nonsense with no grasp on reality. How many of these accounts do you operate?
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@AgentGreyFox Another random pseudonym commenting bs. Brexit did nothing of the sort. Let me guess, you're controlling this sock puppet account from inside the EU.
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@annaredding No. The manner and longevity with which a strike impacts an economy depends on numerous factors. These factors include but are not limited to; the industry affected, how much of the industry is affected, the percentage of staff involved in strike action, the seniority or importance of roles involved in strike action, the duration of the strike action both total strike days and total time of industrial action, the outcome of the industrial action as a whole, the culture it takes place in both in terms of organisational and societal, the general health of the economy prior to the strike action, any key events or factors taking place in the economy at that time, etc. All of the recent strikes involve core industries. Health, transit, logistics, etc. All things you just complained about "no working anymore" in your comment. When any one of these industries have a strike under normal conditions, the resulting shockwave through the economy will last for years. When all of them strike during a high inflationary event, those effects last event longer and even deeper. When all of them strike during a high inflationary event for more pay from a government that has been bankrupt and borrowing money on interest to cover basic expenses since the Tong Blair labour government that makes things bad. If they got anything even remotely like what they're asking for, that would set in structural inflation at least until the end of the decade. That would mean The stakes are actually incredibly high. Strikes aren't a game and their consequences can be generational. Consequences like reduced productivity, lower growth, higher inflation, significantly higher prices and recession. Strikes in one industry can mean lay-offs in others. Particularly when we're talking core industries taking industrial action. Yes, every government since at least Thatcher has done a bad job. Yes, the UK is bankrupt to the tune of almost half a trillion pounds a year. But that isn't why productivity is low. That's a complex multifactorial thing but by no small means one of those factors is the same cultural conditions that also resulted in strikes.
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Actually high corporate profits aren't inflationary nor do they impact on real world pricing. If you run a business and make 20% profit to revenue with 2% profit growth annually at the same price you don't need to put up prices. If you're the same business a year later when high inflation creeps in, you increase prices to pass on some or all of those price rises you're seeing to the consumer such as is necessary to keep you as close to your predicted 20% profit with 2% growth as possible. As at all times, prices also remain sensitive to the supply/demand chain If gross numbers increase for a business or a sector, that does nothing to devalue the currency. Those profits aren't largely kept as cash so they don't become deposits either.
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