It seems we can all learn something today.Spiral wrote:if you stick with us you could learn something today.
Cheers Paul Waine
It seems we can all learn something today.Spiral wrote:if you stick with us you could learn something today.
Sorry to nitpick Paul as I do find your posts interesting and informative. James Callaghan did not introduce the statutory controls of prices and incomes. This policy was introduced by the Edward Heath Conservative Government in 1972 by his Chancellor, Tony Barber, just about the time his Government was taking the country into the EEC. Not all of this country's economic ills and woes can be laid at the door of the Labour party.Paul Waine wrote:Hi Spiral, I'm pretty sure there's a lot more to it than that. Economics 101 is an introduction to supply and demand curves. Inflation comes in much further in the course. Similarly, savings rations and much, much more.
In 1973 OPEC kicked off an inflationary cycle when they unilaterally hiked the oil price (I'm not making any moral judgement, it maybe that their assertion of their right to the price of crude oil was a reasonable response to the price controlling behaviours of the "seven sisters" oil majors at that time). The inflationary problem became much worse (in the UK) when the trade unions responded by demanding pay rises to compensate for the increased costs their members were facing - oil prices, of course, impact on almost all consumer purchases. Things got worse, James Callaghan introduced prices and wages controls, but this didn't solve the problem. Unemployment rose, IMF was required to "bail out" UK economy. All those who weren't members of unions lost out - as they didn't get the pay rises - perhaps they were pensioners or unemployed or other non-wage earners.
The deflationary spiral that has impacted Japan is from spending being cut back, because the population believes that what they want to buy will be cheaper if they wait and buy it later.
The German Weimar republic suffered from enormous hyper-inflation - and these stressed contributed to the rise of Hitler and all the horrors that followed. So, Germany today is always very careful to maintain economic discipline.
As for the employer, externally driven cost increases can impact negatively are on their business and they may not be able to increase prices and recover these cost increases from their customers. The employer may not, therefore, have the ability to increase the wages of their workforce, or the consequences of paying higher wages also means that they must cut the number of employees to pay for these increases.
The UK had an aristocracy and "the bourgeois" in the nineteenth century when Marx was writing. They aren't relevant today - they aren't the people who run firms and employ people.
No, surely no one would do that? I'm sure everyone knows it is against the rules....?claretandy wrote:Rumours going round twitter that "the yoof" managed to vote twice, in their home town and at university.
So a discussion about the NWM, introduced in 1999, and its macroeconomic consequences, apparently required input regarding the 1973 oil crisis, an external macroeconomic factor, and a tenuous link by yourself to the Unions of the '70's, because other posters were looking for "facts"?Paul Waine wrote:My apologies, Spiral. I thought (some of) the posters on this thread were looking for facts. Election is over for June-2017. No-one won, is perhaps a fair conclusion. (Except the United Kingdom with the quietening of the cries for IndyRef2).
I'm glad you've found a champion, Damo. I'm quite happy fighting my own fights.Damo wrote:It seems we can all learn something today.
Cheers Paul Waine
In the last twenty four hours, those who want a hard brexit will believe anything that keeps them together.Rumours going round twitter that "the yoof" managed to vote twice, in their home town and at university.
Hi Claretnick, thanks for your comments - nitpicking isn't a problem.Claretnick wrote:Sorry to nitpick Paul as I do find your posts interesting and informative. James Callaghan did not introduce the statutory controls of prices and incomes. This policy was introduced by the Edward Heath Conservative Government in 1972 by his Chancellor, Tony Barber, just about the time his Government was taking the country into the EEC. Not all of this country's economic ills and woes can be laid at the door of the Labour party.
http://www.independent.co.uk/news/obitu ... 20040.html" onclick="window.open(this.href);return false;
http://www.nationalarchives.gov.uk/cabi ... h-1970.htm" onclick="window.open(this.href);return false;
https://en.wikipedia.org/wiki/James_Callaghan" onclick="window.open(this.href);return false;
Yeah I started work in September 1975, where has the time gone. I am no expert on these things but I just thought that Callaghan was not PM until after Wilson resigned. It was the OPEC oil price rise that put an end to the heating in the Cricket Field stand as well as bringing petrol rationing etc.Paul Waine wrote:Hi Claretnick, thanks for your comments - nitpicking isn't a problem.
I didn't intend to give the impression that the 1970s events "can be laid at the door of Labour." Yes, there were a large number of challenges from the TUC/trade unions (remember Barbara Castle's "In place of strife" 1967/8, from memory). But, the big, very significant, external event was OPEC raising the crude oil price in 1973. I do remember Heath and Barber, I thought they only attempted price control - but I wasn't working then, so I may have missed their income/wage control policies. (I do remember that I got a petrol rationing card when I got my first car in summer-1974 - though rationing wasn't implemented). I started work in September 1975. I have memory of wage control being introduced - or maybe it was just amended in 1976 or maybe 1977 (I think Harold Wilson had retired before this change was made). It's a long, long time ago, if I scratch my head hard enough I've a recollection of something like £6/week being the maximum permitted wage increase - and nothing if you were earning more than £7,500 per annum. (A pound was a pound in those days - and yes a two bed terraced house in Manchester could be bought for less than £15,000 - but you also needed to have saved £10,000 in the building society before they would consider you for a mortgage! Banks didn't do mortgages until 1980/81).
I'll have a read of your links and re-fresh my memories a little.
I've been at a wedding all day.Spiral wrote:I'm glad you've found a champion, Damo. I'm quite happy fighting my own fights.
I was picking up on the "economics 101" claim - in my text book we learn about inflation a lot later.Spiral wrote:So a discussion about the NWM, introduced in 1999, and its macroeconomic consequences, apparently required input regarding the 1973 oil crisis, an external macroeconomic factor, and a tenuous link by yourself to the Unions of the '70's, because other posters were looking for "facts"?
Your editorial proclivity is in pursuit of watered-down propaganda. You've been called out on this in the past.
Hi Spiral, whatever unites us is more important than whatever divides us.Spiral wrote:Splendid. I also have knowledge of things that happened before I was born. You apparently don't hold a monopoly on historical nuance! Looks like we share some sort of common ground, or whatever.
But just to be clear, nobody is debating the fundamental premise of my argument for NMW increase that wage-suppression strangles the macro economy, right? Plenty of posts since I made that point, but not one single counter argument?
Yes, because my message isn't really for them, but my frustrations are. I only curse at people who have shown a persistent ability to be resistant to new information and I no longer attempt to improve their information. I merely use replies to such idiots as a means to keep other people who happen to also read it from believing his or her complete bullshit by leaving it unchallenged.Paul Waine wrote:Hi IT, just our of curiosity, do you find your behaviours, as you describe above, achieves the outcome(s) you intend with respect to the person(s) you address in that way?
Exactly why we need Facebook to have the ability to fact check these things and remove lies. Remember what happened when that was proposed after the US election? The right wing threw a massive tantrum calling it censorship of their message.claretandy wrote:The momentum lot got pulled up for a fake news advert saying the NHS was being privatized on social media.
https://www.thesun.co.uk/news/3770085/d ... eresa-may/" onclick="window.open(this.href);return false;
To be honest I can't quite remember who it was. I just remember PW tying himself in knots before eventually being sussed as a political fanatic.If it be your will wrote:(I actually thought Spiral was referring to aggi!)
I assume SocialFunction.exe didn't change your opinion on the virtue of NMW? You still a grateful serf? Stockholm syndrome, much?Damo wrote:I've been at a wedding all day.
Not had the time for sucking egg lessons
It was a terrible campaign, she has to go, there was no need for the social care, school dinners and winter fuel allowance changes, if she would have just stuck to brexit she would have won.Lancasterclaret wrote:It was an election called on Brexit, about giving TM a bigger majority to negotiate a tougher Brexit. She lost 30+ seats.
The main hard Brexit party got absolutely crushed.
We can argue on here till the cows come home, but the main result of all this (apart from creationists in the government!) is that "No deal" is completely off the table.
Which is a good thing.
Why are you always so full of ****? Nothing about that quote says Labour were going to do a deal.claretandy wrote:seems like Labour were going to do a deal with the nasty, homophobic, DUP in 2010 according to Lord Adonis.
It's so much like we're watching The Thick of It that Armando Iannucci probably has a case against them for copyright infringement.JohnMcGreal wrote:What a bloody shambles. Incompetence doesn't even begin to cut it
https://www.theguardian.com/politics/20 ... -rebellion" onclick="window.open(this.href);return false;
In Southern areas where there were plenty of people who wanted to remain there was a large swing to Labour. The Conservatives have to find a way to convince the 48% who voted to remain, to vote for them.claretandy wrote:if she would have just stuck to brexit she would have won.
And yet the current youth a probably the most informed generation and the most resistant to propaganda and vitriol spread in newspapers largely because they don't read them.Steve-Harpers-perm wrote:This whole election campaign especially the Tory side has been like watching an episode of The Thick of It.
Interesting stats about the youth vote this time. One disgruntled caller on radio 5 over the weekend complained the youth were responsible for a hung parliament as they are''too easily led' and need things 'explaining to them more' before they vote.
Forget the 48% who voted remain (including many middle-aged and older voters) at your peril.Steve-Harpers-perm wrote:This whole election campaign especially the Tory side has been like watching an episode of The Thick of It.
Interesting stats about the youth vote this time. One disgruntled caller on radio 5 over the weekend complained the youth were responsible for a hung parliament as they are''too easily led' and need things 'explaining to them more' before they vote.
More evidence turtles heed/claretandjew/soapytitwankImploding Turtle wrote:Why are you always so full of ****? Nothing about that quote says Labour were going to do a deal.
You are absolutely ******* desperate and are one of the most embarrassing liars we have on this forum.
Huge swathes of the midlands and north were meant to turn blue, they didn't, UKIP went back to Labour in enough numbers to save the labour seats.Spijed wrote:In Southern areas where there were plenty of people who wanted to remain there was a large swing to Labour. The Conservatives have to find a way to convince the 48% who voted to remain, to vote for them.
No easy task.
A fine example of the negotiating powers that are going to get us 'the best deal for Britain'.JohnMcGreal wrote:What a bloody shambles. Incompetence doesn't even begin to cut it
https://www.theguardian.com/politics/20 ... -rebellion" onclick="window.open(this.href);return false;
This post is fine. But don't quote something and then claim it says something that it clearly doesn't say. All you do in doing so is scream "i'm a lying moron".claretandy wrote:More evidence turtles heed/claretandjew/soapytitwank
http://www.telegraph.co.uk/news/electio ... abour.html" onclick="window.open(this.href);return false;
The point is that many were saying that Jeremy Corbyn is/was a terrorist sympathiser and here we are, a government that is willing to go into power with a party that still has the support of terrorist organisations.claretandy wrote:Ian Paisley MP just tweeted that Ed Miliband wanted to do a deal with the DUP in 2015
https://twitter.com/ianpaisleymp/status ... 6729405440" onclick="window.open(this.href);return false;
claretandy isn't upset by his hypocrisy. I think when it comes to right-wing hypocrisy the rest of us aren't going to get anywhere trying to convince them not to be hypocrites. It's the only way they can get a gig in government nowadays. The young can see through their bullshit though. We know how to use the internet to fact check things so the more bullshit these people throw up the more examples young people have to call on when finding reasons not to vote for right-wing parties and policies in the future.Spijed wrote:The point is that many were saying that Jeremy Corbyn is/was a terrorist sympathiser and here we are, a government that is willing to go into power with a party that still has the support of terrorist organisations.
Isn't this now pure hypocrisy from the government and newspapers who portrayed Corbyn as a friend of terrorists?
have you seen the surveys saying that large numbers of Tories turned to Labour - despite not agreeing with Corbyn, because they couldn't support May asking for a mandate for a hard brexit.claretandy wrote:It was a terrible campaign, she has to go, there was no need for the social care, school dinners and winter fuel allowance changes, if she would have just stuck to brexit she would have won.
No, that's staying in the EU. Norway has access to the single-market and a Norway-type agreement would be a soft Brexit. That's what most people want now and that's the only kind of Brexit that Theresa May will be allowed to arrange.claretandy wrote:soft brexit is staying in the single market, staying in the customs union, ECJ jurisdiction.
Do keep up turtles heed.
This is right. But the same applies in other areas too. It was one of the most arrogant and complacent election campaigns you're ever likely to see, and they only realised when it was too late.nil_desperandum wrote:have you seen the surveys saying that large numbers of Tories turned to Labour - despite not agreeing with Corbyn, because they couldn't support May asking for a mandate for a hard brexit.
That is the message for the Tories.