Snap General Election called
- Zhivago
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Re: Snap General Election called
Sunak doesn't believe in putting things on his lapel - he says. Regarding not wearing AIDS ribbon.
Why did he decide on such a pathetic and transparent lie. If he doesn't want to show support to AIDS sufferers then he should be honest about his lack of empathy. At least it wouldn't be compounded by his deceitfulness.
Last edited by Zhivago on Thu Dec 01, 2022 6:49 pm, edited 1 time in total.
Все буде Україна!
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Re: Snap General Election called
Silly really as World Aids day is today, not yesterday when the question was asked. I'd go for incompent aides, as it were.Zhivago wrote: ↑Thu Dec 01, 2022 1:33 pm
Sunak doesn't believe in putting things on his lapel - he says. Regarding not wearing AIDS ribbon.
Why did he decide on such a pathetic and transparent lie. If he want to show support to AIDS sufferers then he should be honest about his lack of empathy. At least it wouldn't be compounded by his deceitfulness.
- Puja
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Re: Snap General Election called
It just shows the instinct in this government - lie first, spin second, move on third. Even on such a small thing, the first thought is to gaslight.Banquo wrote: ↑Thu Dec 01, 2022 3:41 pmSilly really as World Aids day is today, not yesterday when the question was asked. I'd go for incompent aides, as it were.Zhivago wrote: ↑Thu Dec 01, 2022 1:33 pm Sunak doesn't believe in putting things on his lapel - he says. Regarding not wearing AIDS ribbon.
Why did he decide on such a pathetic and transparent lie. If he want to show support to AIDS sufferers then he should be honest about his lack of empathy. At least it wouldn't be compounded by his deceitfulness.
Today, regular leadership candidate and "Big Beast" of the party, Sajid Javid has decided that he's not standing in the next election, a decision which I'm sure is completely unrelated to the fact that his seat is almost certain to be lost given current polling. Rats making sure they're not associated with the sinking ship, should they choose to make a comeback in 5 years' time: https://www.bbc.co.uk/news/uk-politics-63835091
Puja
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Re: Snap General Election called
Could be, more likely junior spokesperson made something up. Downing st machine made from mecchano and string.Puja wrote: ↑Fri Dec 02, 2022 12:05 pmIt just shows the instinct in this government - lie first, spin second, move on third. Even on such a small thing, the first thought is to gaslight.Banquo wrote: ↑Thu Dec 01, 2022 3:41 pmSilly really as World Aids day is today, not yesterday when the question was asked. I'd go for incompent aides, as it were.Zhivago wrote: ↑Thu Dec 01, 2022 1:33 pm Sunak doesn't believe in putting things on his lapel - he says. Regarding not wearing AIDS ribbon.
Why did he decide on such a pathetic and transparent lie. If he want to show support to AIDS sufferers then he should be honest about his lack of empathy. At least it wouldn't be compounded by his deceitfulness.
Today, regular leadership candidate and "Big Beast" of the party, Sajid Javid has decided that he's not standing in the next election, a decision which I'm sure is completely unrelated to the fact that his seat is almost certain to be lost given current polling. Rats making sure they're not associated with the sinking ship, should they choose to make a comeback in 5 years' time: https://www.bbc.co.uk/news/uk-politics-63835091
Puja
I agree about the rats. Bit premature I’d say, can all turn on a sixpence; currently the public seem supportive of a wave of strikes. We shall see if that lasts- how Labour manage that in PR terms will be interesting; I’d say nothing at all if I were them.
- Sandydragon
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Re: Snap General Election called
That’s every government for the past 25 years.Puja wrote: ↑Fri Dec 02, 2022 12:05 pmIt just shows the instinct in this government - lie first, spin second, move on third. Even on such a small thing, the first thought is to gaslight.Banquo wrote: ↑Thu Dec 01, 2022 3:41 pmSilly really as World Aids day is today, not yesterday when the question was asked. I'd go for incompent aides, as it were.Zhivago wrote: ↑Thu Dec 01, 2022 1:33 pm Sunak doesn't believe in putting things on his lapel - he says. Regarding not wearing AIDS ribbon.
Why did he decide on such a pathetic and transparent lie. If he want to show support to AIDS sufferers then he should be honest about his lack of empathy. At least it wouldn't be compounded by his deceitfulness.
Today, regular leadership candidate and "Big Beast" of the party, Sajid Javid has decided that he's not standing in the next election, a decision which I'm sure is completely unrelated to the fact that his seat is almost certain to be lost given current polling. Rats making sure they're not associated with the sinking ship, should they choose to make a comeback in 5 years' time: https://www.bbc.co.uk/news/uk-politics-63835091
Puja
- Sandydragon
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Re: Snap General Election called
Starmer excels in saying nothingBanquo wrote: ↑Fri Dec 02, 2022 5:29 pmCould be, more likely junior spokesperson made something up. Downing st machine made from mecchano and string.Puja wrote: ↑Fri Dec 02, 2022 12:05 pmIt just shows the instinct in this government - lie first, spin second, move on third. Even on such a small thing, the first thought is to gaslight.
Today, regular leadership candidate and "Big Beast" of the party, Sajid Javid has decided that he's not standing in the next election, a decision which I'm sure is completely unrelated to the fact that his seat is almost certain to be lost given current polling. Rats making sure they're not associated with the sinking ship, should they choose to make a comeback in 5 years' time: https://www.bbc.co.uk/news/uk-politics-63835091
Puja
I agree about the rats. Bit premature I’d say, can all turn on a sixpence; currently the public seem supportive of a wave of strikes. We shall see if that lasts- how Labour manage that in PR terms will be interesting; I’d say nothing at all if I were them.
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Re: Snap General Election called
Not that I'm claiming Blair and Brown were bastions of honesty at all times (more than a few dead Iraqis can testify to that), but they absolutely didn't have this level of casual relationship with the truth.Sandydragon wrote: ↑Fri Dec 02, 2022 6:57 pmThat’s every government for the past 25 years.Puja wrote: ↑Fri Dec 02, 2022 12:05 pmIt just shows the instinct in this government - lie first, spin second, move on third. Even on such a small thing, the first thought is to gaslight.
Today, regular leadership candidate and "Big Beast" of the party, Sajid Javid has decided that he's not standing in the next election, a decision which I'm sure is completely unrelated to the fact that his seat is almost certain to be lost given current polling. Rats making sure they're not associated with the sinking ship, should they choose to make a comeback in 5 years' time: https://www.bbc.co.uk/news/uk-politics-63835091
Puja
Puja
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- Stom
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Re: Snap General Election called
Right wing politician lies and cheats.
Normal human being: this government are a disgrace.
Supporter of basically neo-fascism: all politicians are the same.
Sandy, take a look at yourself. No, no they're not all the same. This is a repetition of the same rhetoric they've fed you to make their actions seem normal. It's not normal, it's disgusting and should be called out as such.
Normal human being: this government are a disgrace.
Supporter of basically neo-fascism: all politicians are the same.
Sandy, take a look at yourself. No, no they're not all the same. This is a repetition of the same rhetoric they've fed you to make their actions seem normal. It's not normal, it's disgusting and should be called out as such.
- Donny osmond
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Re: Snap General Election called
Seriously? You're both posting this crap and telling sandy to take a look at himself?Stom wrote: ↑Fri Dec 02, 2022 9:14 pm Right wing politician lies and cheats.
Normal human being: this government are a disgrace.
Supporter of basically neo-fascism: all politicians are the same.
Sandy, take a look at yourself. No, no they're not all the same. This is a repetition of the same rhetoric they've fed you to make their actions seem normal. It's not normal, it's disgusting and should be called out as such.
It was so much easier to blame Them. It was bleakly depressing to think They were Us. I've certainly never thought of myself as one of Them. No one ever thinks of themselves as one of Them. We're always one of Us. It's Them that do the bad things.
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Re: Snap General Election called
Wait, what thing is it you’re disagreeing with here?Donny osmond wrote: ↑Fri Dec 02, 2022 9:32 pmSeriously? You're both posting this crap and telling sandy to take a look at himself?Stom wrote: ↑Fri Dec 02, 2022 9:14 pm Right wing politician lies and cheats.
Normal human being: this government are a disgrace.
Supporter of basically neo-fascism: all politicians are the same.
Sandy, take a look at yourself. No, no they're not all the same. This is a repetition of the same rhetoric they've fed you to make their actions seem normal. It's not normal, it's disgusting and should be called out as such.
- Donny osmond
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Re: Snap General Election called
I'm disagreeing with Stom labelling Sandy a neo-fascist for starters, simply for having different politics.
Then there's the idea that a weary resignation that politicians of all stripes lie and cheat is somehow a justification of the actions of the conservative party.
It was so much easier to blame Them. It was bleakly depressing to think They were Us. I've certainly never thought of myself as one of Them. No one ever thinks of themselves as one of Them. We're always one of Us. It's Them that do the bad things.
- Sandydragon
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Re: Snap General Election called
Boris wouldn’t know the truth if it slapped him on the arse. Blair was more polished but hardly more honest with his army of spin doctors setting the standard.Puja wrote: ↑Fri Dec 02, 2022 8:14 pmNot that I'm claiming Blair and Brown were bastions of honesty at all times (more than a few dead Iraqis can testify to that), but they absolutely didn't have this level of casual relationship with the truth.Sandydragon wrote: ↑Fri Dec 02, 2022 6:57 pmThat’s every government for the past 25 years.Puja wrote: ↑Fri Dec 02, 2022 12:05 pm
It just shows the instinct in this government - lie first, spin second, move on third. Even on such a small thing, the first thought is to gaslight.
Today, regular leadership candidate and "Big Beast" of the party, Sajid Javid has decided that he's not standing in the next election, a decision which I'm sure is completely unrelated to the fact that his seat is almost certain to be lost given current polling. Rats making sure they're not associated with the sinking ship, should they choose to make a comeback in 5 years' time: https://www.bbc.co.uk/news/uk-politics-63835091
Puja
Puja
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Re: Snap General Election called
You have a short memory if you think I support this government. And the Blair government was famous for its spin. Merely quoting a fact.Stom wrote: ↑Fri Dec 02, 2022 9:14 pm Right wing politician lies and cheats.
Normal human being: this government are a disgrace.
Supporter of basically neo-fascism: all politicians are the same.
Sandy, take a look at yourself. No, no they're not all the same. This is a repetition of the same rhetoric they've fed you to make their actions seem normal. It's not normal, it's disgusting and should be called out as such.
Don’t call me a fascist again sonny.
- Sandydragon
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Re: Snap General Election called
To be clear, I’m not justifying anything that this government does. But I do recall the Campbell years so find it a bit odd not to recognise that all governments have only a passing relationship with the truth in recent years.Donny osmond wrote: ↑Sat Dec 03, 2022 6:17 pmsorry, my usual lack of clarity shining through again.
I'm disagreeing with Stom labelling Sandy a neo-fascist for starters, simply for having different politics.
Then there's the idea that a weary resignation that politicians of all stripes lie and cheat is somehow a justification of the actions of the conservative party.
- Stom
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Re: Snap General Election called
The fact I think I called you a fascist says a lot...Sandydragon wrote: ↑Sat Dec 03, 2022 7:35 pmYou have a short memory if you think I support this government. And the Blair government was famous for its spin. Merely quoting a fact.Stom wrote: ↑Fri Dec 02, 2022 9:14 pm Right wing politician lies and cheats.
Normal human being: this government are a disgrace.
Supporter of basically neo-fascism: all politicians are the same.
Sandy, take a look at yourself. No, no they're not all the same. This is a repetition of the same rhetoric they've fed you to make their actions seem normal. It's not normal, it's disgusting and should be called out as such.
Don’t call me a fascist again sonny.
No, this government and the past few have been on a different level to anything beforehand. We're in the age where right-wing governments routinely use the 'but Labour are just as bad' argument, and their voters lap it up. You parroting that is problematic.
- Stom
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Re: Snap General Election called
Because I'm a different flavour of liberal to you? I don't get why you hate on everyone, no matter their 'flavour'.cashead wrote: ↑Sat Dec 03, 2022 10:07 pmlmaoStom wrote: ↑Fri Dec 02, 2022 9:14 pm Right wing politician lies and cheats.
Normal human being: this government are a disgrace.
Supporter of basically neo-fascism: all politicians are the same.
Sandy, take a look at yourself. No, no they're not all the same. This is a repetition of the same rhetoric they've fed you to make their actions seem normal. It's not normal, it's disgusting and should be called out as such.
If I were you, I wouldn't be in a rush to accuse anyone of anything, champ.
- Sandydragon
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Re: Snap General Election called
Cut the crap. You’ve insulted another poster, I’ve asked you to refrain. Enough.Stom wrote: ↑Sat Dec 03, 2022 10:10 pmThe fact I think I called you a fascist says a lot...Sandydragon wrote: ↑Sat Dec 03, 2022 7:35 pmYou have a short memory if you think I support this government. And the Blair government was famous for its spin. Merely quoting a fact.Stom wrote: ↑Fri Dec 02, 2022 9:14 pm Right wing politician lies and cheats.
Normal human being: this government are a disgrace.
Supporter of basically neo-fascism: all politicians are the same.
Sandy, take a look at yourself. No, no they're not all the same. This is a repetition of the same rhetoric they've fed you to make their actions seem normal. It's not normal, it's disgusting and should be called out as such.
Don’t call me a fascist again sonny.
No, this government and the past few have been on a different level to anything beforehand. We're in the age where right-wing governments routinely use the 'but Labour are just as bad' argument, and their voters lap it up. You parroting that is problematic.
- Puja
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Re: Snap General Election called
What.
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- Sandydragon
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- Puja
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Re: Snap General Election called
The thing that infuriates me most about the current government's attitude is the assumption that controlling inflation is the responsibility of the poor - that giving higher wages or benefits will fuel the spiral and thus must be clamped down upon for the good of us all.
And, in basic economic theory and looking just at the mathematics, it is absolutely correct - allowing wages to rise will likely increase inflation and inflation begets inflation which is not great.
However, from a human perspective, what does a family on fixed wages do when basic food prices go up by 25% in a year? It's all very well saying, "You shouldn't ask for higher wages because that fuels inflation," when there are people who cannot afford to live anymore. Why is it the bottom end who needs to be responsible and do their part to save the economy?
This is especially true when you question the causal link between higher wages and inflation. Quite apart from the fact that crushing demand flat into the ground, while a way of controlling inflation, also has something of an impact on growth (which tends to be the best way out of a problem), how many of the price rises have been 100% because of supply restrictions and how many have been because companies have seen that inflation is high and taken the opportunity to pad their prices a little bit on the basis that people are in the mood to take it because "that's just the cost of living crisis." Have we even looked at the other methods of controlling inflation (avoiding further quantitive easing for a start!)? How many of the right-wing predictions of "Oh, it'll just raise prices" have come to pass when the minimum wage has risen in the past? Have we looked at the possibility that a bit of inflation and wage rises might not be a terrible thing considering the massive gap in wealth between rich and poor and the fact that things like houses have already inflated way out of ordinary people's reaches and a bit of narrowing of that gap through inflation might not be a bad thing in the round?
Nope, it's just all, "No wage rises, we need to protect the value of investments and stockpiled wealth, I'm sure the peasantry will find some way to cope, I hear someone's come up with A Modest Proposal that might solve things."
Puja
And, in basic economic theory and looking just at the mathematics, it is absolutely correct - allowing wages to rise will likely increase inflation and inflation begets inflation which is not great.
However, from a human perspective, what does a family on fixed wages do when basic food prices go up by 25% in a year? It's all very well saying, "You shouldn't ask for higher wages because that fuels inflation," when there are people who cannot afford to live anymore. Why is it the bottom end who needs to be responsible and do their part to save the economy?
This is especially true when you question the causal link between higher wages and inflation. Quite apart from the fact that crushing demand flat into the ground, while a way of controlling inflation, also has something of an impact on growth (which tends to be the best way out of a problem), how many of the price rises have been 100% because of supply restrictions and how many have been because companies have seen that inflation is high and taken the opportunity to pad their prices a little bit on the basis that people are in the mood to take it because "that's just the cost of living crisis." Have we even looked at the other methods of controlling inflation (avoiding further quantitive easing for a start!)? How many of the right-wing predictions of "Oh, it'll just raise prices" have come to pass when the minimum wage has risen in the past? Have we looked at the possibility that a bit of inflation and wage rises might not be a terrible thing considering the massive gap in wealth between rich and poor and the fact that things like houses have already inflated way out of ordinary people's reaches and a bit of narrowing of that gap through inflation might not be a bad thing in the round?
Nope, it's just all, "No wage rises, we need to protect the value of investments and stockpiled wealth, I'm sure the peasantry will find some way to cope, I hear someone's come up with A Modest Proposal that might solve things."
Puja
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- Zhivago
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Re: Snap General Election called
It is a risk that we should be cautious about, but we need to remember that this inflation is caused specifically by energy inflation. The increase in wages is not as relevant as the impact that increase (or decrease in real terms) has on the demand for energy. Because unless we can increase the energy supply to push prices back down, it will be necessary to destroy demand in order to prevent enduring inflation. I think the energy price rises themselves will push down demand to some extent, as well.Puja wrote: ↑Sun Dec 04, 2022 1:28 pm The thing that infuriates me most about the current government's attitude is the assumption that controlling inflation is the responsibility of the poor - that giving higher wages or benefits will fuel the spiral and thus must be clamped down upon for the good of us all.
And, in basic economic theory and looking just at the mathematics, it is absolutely correct - allowing wages to rise will likely increase inflation and inflation begets inflation which is not great.
However, from a human perspective, what does a family on fixed wages do when basic food prices go up by 25% in a year? It's all very well saying, "You shouldn't ask for higher wages because that fuels inflation," when there are people who cannot afford to live anymore. Why is it the bottom end who needs to be responsible and do their part to save the economy?
This is especially true when you question the causal link between higher wages and inflation. Quite apart from the fact that crushing demand flat into the ground, while a way of controlling inflation, also has something of an impact on growth (which tends to be the best way out of a problem), how many of the price rises have been 100% because of supply restrictions and how many have been because companies have seen that inflation is high and taken the opportunity to pad their prices a little bit on the basis that people are in the mood to take it because "that's just the cost of living crisis." Have we even looked at the other methods of controlling inflation (avoiding further quantitive easing for a start!)? How many of the right-wing predictions of "Oh, it'll just raise prices" have come to pass when the minimum wage has risen in the past? Have we looked at the possibility that a bit of inflation and wage rises might not be a terrible thing considering the massive gap in wealth between rich and poor and the fact that things like houses have already inflated way out of ordinary people's reaches and a bit of narrowing of that gap through inflation might not be a bad thing in the round?
Nope, it's just all, "No wage rises, we need to protect the value of investments and stockpiled wealth, I'm sure the peasantry will find some way to cope, I hear someone's come up with A Modest Proposal that might solve things."
Puja
But as a matter of fairness, dividends should be restricted also.
Every industry is different, but the company I work for has seen revenues increase by 20% this year, and it is very closely tied to the general inflation in the economy. It also shows that inflation is higher than the headline figures seen in the press.
I am doubtful that they'll increase wages by that much (next agreement will be negotiated next year), although they did at least give us a one-off payment worth about 3-4% of annual salary already to offset our living costs. But they'd better not be hoping that that will be all they'll have to spend out.
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Смерть ворогам!!
- Sandydragon
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Re: Snap General Election called
Totally agree. They definitely should be taxed the same.Zhivago wrote: ↑Sun Dec 04, 2022 7:24 pmIt is a risk that we should be cautious about, but we need to remember that this inflation is caused specifically by energy inflation. The increase in wages is not as relevant as the impact that increase (or decrease in real terms) has on the demand for energy. Because unless we can increase the energy supply to push prices back down, it will be necessary to destroy demand in order to prevent enduring inflation. I think the energy price rises themselves will push down demand to some extent, as well.Puja wrote: ↑Sun Dec 04, 2022 1:28 pm The thing that infuriates me most about the current government's attitude is the assumption that controlling inflation is the responsibility of the poor - that giving higher wages or benefits will fuel the spiral and thus must be clamped down upon for the good of us all.
And, in basic economic theory and looking just at the mathematics, it is absolutely correct - allowing wages to rise will likely increase inflation and inflation begets inflation which is not great.
However, from a human perspective, what does a family on fixed wages do when basic food prices go up by 25% in a year? It's all very well saying, "You shouldn't ask for higher wages because that fuels inflation," when there are people who cannot afford to live anymore. Why is it the bottom end who needs to be responsible and do their part to save the economy?
This is especially true when you question the causal link between higher wages and inflation. Quite apart from the fact that crushing demand flat into the ground, while a way of controlling inflation, also has something of an impact on growth (which tends to be the best way out of a problem), how many of the price rises have been 100% because of supply restrictions and how many have been because companies have seen that inflation is high and taken the opportunity to pad their prices a little bit on the basis that people are in the mood to take it because "that's just the cost of living crisis." Have we even looked at the other methods of controlling inflation (avoiding further quantitive easing for a start!)? How many of the right-wing predictions of "Oh, it'll just raise prices" have come to pass when the minimum wage has risen in the past? Have we looked at the possibility that a bit of inflation and wage rises might not be a terrible thing considering the massive gap in wealth between rich and poor and the fact that things like houses have already inflated way out of ordinary people's reaches and a bit of narrowing of that gap through inflation might not be a bad thing in the round?
Nope, it's just all, "No wage rises, we need to protect the value of investments and stockpiled wealth, I'm sure the peasantry will find some way to cope, I hear someone's come up with A Modest Proposal that might solve things."
Puja
But as a matter of fairness, dividends should be restricted also.
Every industry is different, but the company I work for has seen revenues increase by 20% this year, and it is very closely tied to the general inflation in the economy. It also shows that inflation is higher than the headline figures seen in the press.
I am doubtful that they'll increase wages by that much (next agreement will be negotiated next year), although they did at least give us a one-off payment worth about 3-4% of annual salary already to offset our living costs. But they'd better not be hoping that that will be all they'll have to spend out.
- Puja
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Re: Snap General Election called
There are some fairly obvious solutions to this - grants and schemes for insulation, boiler replacements, solar panels, heat pumps, combined with investment in onshore wind and tidal. However, that's a mixture of "the green crap" and heavy government intervention that are anathema to the Tory party.Zhivago wrote: ↑Sun Dec 04, 2022 7:24 pmIt is a risk that we should be cautious about, but we need to remember that this inflation is caused specifically by energy inflation. The increase in wages is not as relevant as the impact that increase (or decrease in real terms) has on the demand for energy. Because unless we can increase the energy supply to push prices back down, it will be necessary to destroy demand in order to prevent enduring inflation. I think the energy price rises themselves will push down demand to some extent, as well.Puja wrote: ↑Sun Dec 04, 2022 1:28 pm The thing that infuriates me most about the current government's attitude is the assumption that controlling inflation is the responsibility of the poor - that giving higher wages or benefits will fuel the spiral and thus must be clamped down upon for the good of us all.
And, in basic economic theory and looking just at the mathematics, it is absolutely correct - allowing wages to rise will likely increase inflation and inflation begets inflation which is not great.
However, from a human perspective, what does a family on fixed wages do when basic food prices go up by 25% in a year? It's all very well saying, "You shouldn't ask for higher wages because that fuels inflation," when there are people who cannot afford to live anymore. Why is it the bottom end who needs to be responsible and do their part to save the economy?
This is especially true when you question the causal link between higher wages and inflation. Quite apart from the fact that crushing demand flat into the ground, while a way of controlling inflation, also has something of an impact on growth (which tends to be the best way out of a problem), how many of the price rises have been 100% because of supply restrictions and how many have been because companies have seen that inflation is high and taken the opportunity to pad their prices a little bit on the basis that people are in the mood to take it because "that's just the cost of living crisis." Have we even looked at the other methods of controlling inflation (avoiding further quantitive easing for a start!)? How many of the right-wing predictions of "Oh, it'll just raise prices" have come to pass when the minimum wage has risen in the past? Have we looked at the possibility that a bit of inflation and wage rises might not be a terrible thing considering the massive gap in wealth between rich and poor and the fact that things like houses have already inflated way out of ordinary people's reaches and a bit of narrowing of that gap through inflation might not be a bad thing in the round?
Nope, it's just all, "No wage rises, we need to protect the value of investments and stockpiled wealth, I'm sure the peasantry will find some way to cope, I hear someone's come up with A Modest Proposal that might solve things."
Puja
I'd disagree that energy inflation is the sole cause - global food prices have been affected by Ukraine and domestic interest rates, mortgages, and rent were all pumped higher by Truss's little adventure, combined with Sunak's failure to refinance debt on a fixed rate when he was Chancellor.
Pujq
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- Zhivago
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Re: Snap General Election called
You're thinking mostly from a personal perspective, but energy cost is something that affects pretty much all of the economy. Not to mention just how many of our products rely on petroleum - all plastics for example, and that is a broader category of products than you'd first think. The increase in wheat prices doesn't come close in terms of impact.Puja wrote: ↑Sun Dec 04, 2022 9:23 pmThere are some fairly obvious solutions to this - grants and schemes for insulation, boiler replacements, solar panels, heat pumps, combined with investment in onshore wind and tidal. However, that's a mixture of "the green crap" and heavy government intervention that are anathema to the Tory party.Zhivago wrote: ↑Sun Dec 04, 2022 7:24 pmIt is a risk that we should be cautious about, but we need to remember that this inflation is caused specifically by energy inflation. The increase in wages is not as relevant as the impact that increase (or decrease in real terms) has on the demand for energy. Because unless we can increase the energy supply to push prices back down, it will be necessary to destroy demand in order to prevent enduring inflation. I think the energy price rises themselves will push down demand to some extent, as well.Puja wrote: ↑Sun Dec 04, 2022 1:28 pm The thing that infuriates me most about the current government's attitude is the assumption that controlling inflation is the responsibility of the poor - that giving higher wages or benefits will fuel the spiral and thus must be clamped down upon for the good of us all.
And, in basic economic theory and looking just at the mathematics, it is absolutely correct - allowing wages to rise will likely increase inflation and inflation begets inflation which is not great.
However, from a human perspective, what does a family on fixed wages do when basic food prices go up by 25% in a year? It's all very well saying, "You shouldn't ask for higher wages because that fuels inflation," when there are people who cannot afford to live anymore. Why is it the bottom end who needs to be responsible and do their part to save the economy?
This is especially true when you question the causal link between higher wages and inflation. Quite apart from the fact that crushing demand flat into the ground, while a way of controlling inflation, also has something of an impact on growth (which tends to be the best way out of a problem), how many of the price rises have been 100% because of supply restrictions and how many have been because companies have seen that inflation is high and taken the opportunity to pad their prices a little bit on the basis that people are in the mood to take it because "that's just the cost of living crisis." Have we even looked at the other methods of controlling inflation (avoiding further quantitive easing for a start!)? How many of the right-wing predictions of "Oh, it'll just raise prices" have come to pass when the minimum wage has risen in the past? Have we looked at the possibility that a bit of inflation and wage rises might not be a terrible thing considering the massive gap in wealth between rich and poor and the fact that things like houses have already inflated way out of ordinary people's reaches and a bit of narrowing of that gap through inflation might not be a bad thing in the round?
Nope, it's just all, "No wage rises, we need to protect the value of investments and stockpiled wealth, I'm sure the peasantry will find some way to cope, I hear someone's come up with A Modest Proposal that might solve things."
Puja
I'd disagree that energy inflation is the sole cause - global food prices have been affected by Ukraine and domestic interest rates, mortgages, and rent were all pumped higher by Truss's little adventure, combined with Sunak's failure to refinance debt on a fixed rate when he was Chancellor.
Pujq
I'm abroad so totally forgot about the nightmare that was Truss. It is still a very local... let's say... phenomenon.
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Re: Snap General Election called
Lest we forget the impact of Brexit on UK prices...Zhivago wrote: ↑Sun Dec 04, 2022 10:01 pmYou're thinking mostly from a personal perspective, but energy cost is something that affects pretty much all of the economy. Not to mention just how many of our products rely on petroleum - all plastics for example, and that is a broader category of products than you'd first think. The increase in wheat prices doesn't come close in terms of impact.Puja wrote: ↑Sun Dec 04, 2022 9:23 pmThere are some fairly obvious solutions to this - grants and schemes for insulation, boiler replacements, solar panels, heat pumps, combined with investment in onshore wind and tidal. However, that's a mixture of "the green crap" and heavy government intervention that are anathema to the Tory party.Zhivago wrote: ↑Sun Dec 04, 2022 7:24 pm
It is a risk that we should be cautious about, but we need to remember that this inflation is caused specifically by energy inflation. The increase in wages is not as relevant as the impact that increase (or decrease in real terms) has on the demand for energy. Because unless we can increase the energy supply to push prices back down, it will be necessary to destroy demand in order to prevent enduring inflation. I think the energy price rises themselves will push down demand to some extent, as well.
I'd disagree that energy inflation is the sole cause - global food prices have been affected by Ukraine and domestic interest rates, mortgages, and rent were all pumped higher by Truss's little adventure, combined with Sunak's failure to refinance debt on a fixed rate when he was Chancellor.
Pujq
I'm abroad so totally forgot about the nightmare that was Truss. It is still a very local... let's say... phenomenon.