Labour to win? Surely not​…

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Howburn Digger H
Howburn Digger Jun 14, 2017 13:34:06
Replying to nigelswift

nigelswift wrote:
Well, Theresa says it is and that nice Mr Gove says it isn't.
http://www.mirror.co.uk/news/politics/austerity-not-over-after-theresa-10613800
I guess a bit of it is over, but no more than their backers want.
EU "Austerity" requires cuts in Public Spending but must go along with massive increases in Public Debt through increased borrowing and servicing of debt-money which never existed before... have you seen what has happened to Britain's National Debt during "Austerity" for the last few years? Yes. Our National Debt has been carefully nearly quadrupled by a Banker's son who was in charge. You might wonder... how do you massage debt from 20% of GDP to nearly 90% of GDP in such a short time? Well it depends what private bank you borrow from and what interest they charge... Pay-Day loan rates anyone?
The interest-servicing on this "National Debt" means it can NEVER actually be paid off. Our GDP will soon be insufficient to cover interest payments alone. Did anyone sign up for that?

Making any sense yet?

Thatcher and Major were always into their own versions of mean-spirited public expenditure and cutting welfare payments. Theresa May and her horror boy-band of creeps will continue with similar mean-spirited stunts and Bullingdon pranks to the disabled and unemployable.
But the EU Austerity model really requires looking at to see what it actually means. Go back (quite) a few years and see how a very modest national debt in Greece was turned into a monster by the EU Banks. Then all of Greece's National Assetts were seized.
It's a ram raid. They had to fight shooty bang-bang wars to take this amount of stuff a hundred years back. It is done in Banks now.

Iceland refused to pay and jailed the bankers. They are fine now.

T thesweetcheat
thesweetcheat Jun 14, 2017 17:35:32
Replying to Howburn Digger

Not really convinced. I agree that there is such thing as an EU flavoured austerity, but I don't agree that it is the reason for austerity politics under Tory governments in the UK.

UK austerity is most definitely an ideologically driven project from the guys who brought us such classics as "There's no such thing as Society". The more recent crop have turned it into a get rich quick scheme for those with interests in Capital, SerCo, Group4 etc to syphon money raised in taxation into the hands of shareholders while claiming that service standards have to fall as the services are now unaffordable. I don't see the EU's paws on this at all, I see neo-liberal ideologues of the home grown variety (including people like the anti-EU Farage).

Of course the capitalist dream of free market economics is utterly rotten, as these privateer firms are completely reliant on money coming from the state to support their profitability. Make them truly reliant on the free market and it would be a very different story.

N nigelswift
nigelswift Jun 18, 2017 16:07:15
Replying to Howburn Digger

Howburn Digger wrote:
But the EU Austerity model really requires looking at
Fine, but....
https://www.theguardian.com/business/2017/jun/18/brexiters-vote-poverty-even-worse-than-austerity?CMP=share_btn_tw