Comments by "Michael Nurse" (@michaelnurse9089) on "What's wrong with Great Britain?" video.

  1. Bingo. An economist's salary is almost always paid for by the top 1%. Would you tell your boss you are coming to his house to take his stuff and give it to the poor? For this reason, I think economists should be like the police - paid for with a tax and taking a Hippocratic style oath to represent the greater interest of the diseased patient - i.e. the economy as it serves the people.
    5
  2. You could always reopen the coal mines and relaunch MG... financial services is as fine a business to be in as any other, but you need to have a method where the benefits are properly taxed to avoid creating a banker class and a pauper class.
    3
  3. The same post oil hangover is being seen in Russia and Venezuela. We can all take a leaf out Norway's book on how to handle these type of windfalls.
    3
  4. People are complaining. Brexit was essentially a monster complaint by the working class to ruling/banker class.
    2
  5. Irony: your reply and your profile picture.
    1
  6. France n'avait pas le meme problème avec l'inegalité mais il y egalement bcp des problemes economiques. Enfin, le problem est plus nuancé qu'une seule chose.
    1
  7. In a WTO driven World, manufacturing will go will labour cost is the lowest. The reason it left if no one in Britain wants to work for 2 quid an hour. But on the other hand, you were happy to pay $400 for your phone or laptop that would have cost $4000 quid if made locally.
    1
  8. The people always know what they want but they don't always know what is better for the country as a whole. The graveyard of once great nations (like mine - South Africa) is kept full by spineless politicians who bowed to the unreasonable wishes of the people. The ruling class are really good at ruling - the problem starts when they start serving their own agenda and not that of the people. It is far better to get them back in line than to dispense with them and make the decisions oneself.
    1
  9. Actually, the fox population is up this year. /s
    1
  10. I used to think like that, but don't anymore. The problem is ultimately every one believes that [they] deserve better than what they get and will cherry pick facts and logic to suit their own selfishness. Martin Wolf appears very logical in the video but he leaves out important things like a discussion of inequality. In other words, the 'illogical thinking' is completely willful and not accidental. It is willful because of a prevailing egotistic world view which exists as the 'base layer' of the problem. [edited - words]
    1
  11. That is not the test. Go to any other country and compare them to the leaders of the two main parties. You will see that they are not so bad as you think...;-)
    1
  12. Capitalism is doing great. Central planning died a horrible death. The problem is runaway inequality. Rather than confiscate the wealth which causes anarchy followed by harsh regimes, it is better to tax the wealth. I would start with a death tax of 90% on anyone with over $10 million net worth.
    1
  13. The Wolf of Vine Street (see Monopoly Board)
    1