Comments by "Safir Ahmed" (@safirahmed) on "Can we afford the welfare state?" video.

The UK cannot afford to lose the welfare state.
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Nationalisation of privatised companies can generate revenue and reduce costs to government to fund public services.
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@debbiegilmour6171 Water privatisation has raised £85 billion for shareholders and this money could instead have greatly lowered bills, upgraded infrastructure and improved water quality.
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@Darren-i1w The UK needs the welfare state and all government spending is from money from the government owned Bank of England. Taxpayers money has never been used to fund welfare and public services. Richard J Murphy has videos on his YouTube channel that explains government finance in detail.
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Government owned Bank of England has spent £4 trillion on Quantitative Easing from 2009 - 2022 with £200 billion spent in 2009 with most of the Quantitative Easing money gone to institutional investors. Therefore the government could easily order the government owned Bank of England to issue Quantitative Easing to fully fund and increase funding of the welfare state and this will expand the size of the economy as benefit claimants spend and save most within the local economy. Austerity, benefit cuts, cuts to public services, privatisation and Brexit is wealth transfer from the people and UK to the wealthiest on the planet.
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@jrton1366 It's not incredible economics it's reality because that's how the government has supported the financial markets, banks and financial institutions.
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@jrton1366 The national debt has decreased by £1.5 trillion in the financial year 2022- 2023 and since the government owned Bank of England controls the money supply the British government cannot become insolvent.
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