Starmer + Phillips, Labour Dream Team?

[Stooo]

I was referring to this part of your post.

You really should find out what socialism is before you post any more crap.
I've tried to help you, but clearly failed.
Do some reading - it will help you to learn.

I am aware, however, that the FT has shifted appreciably to the left in recent times. Whether that amounts to encouraging Socialist policies is for individuals to decide. I wouldn't know - I don't read it.

FT vox popped me in full remain attire, it's been Remain from the start.

They must have been looking for twats that day.

[Fletch]

The Financial Times Asks For Socialist Policies

On the same day the British Labour party announced the election of a center-rightt new party leader to replace the much denigrated socialist Jeremy Corbyn, the Financial Times(!) calls for the socialist policies Corbyn had planned to implement.

From today's FT editorial headlined:

Virus lays bare the frailty of the social contract (also here)

If there is a silver lining to the Covid-19 pandemic, it is that it has injected a sense of togetherness into polarised societies. But the virus, and the economic lockdowns needed to combat it, also shine a glaring light on existing inequalities — and even create new ones. Beyond defeating the disease, the great test all countries will soon face is whether current feelings of common purpose will shape society after the crisis. As western leaders learnt in the Great Depression, and after the second world war, to demand collective sacrifice you must offer a social contract that benefits everyone.
...
Radical reforms - reversing the prevailing policy direction of the last four decades - will need to put on the table. Governments will have to accept a more active role in the economy. They must see public services as investments rather than liabilities, and look for ways to make labour markets less insecure. Redistribution will again be on the agenda; the privileges of the elderly and wealthy in question. Policies until recently considered eccentric, such as basic income and wealth taxes, will have to be in the mix.

Correct - Jeremy Corbyn is a socialist (and John McDonnell is a communist)
Incorrect - Financial Times Asks For Socialist Policies - None of that quote are socialist policies.

You really should find out what socialism is before you post any more crap.
I've tried to help you, but clearly failed.
Do some reading - it will help you to learn.

Do you read any of the posts in threads or follow the discussion mungo?

Socialist policies is the term widely accepted as social policies under a capitalist system. It is not socialism and socialist polices are not the same as actual socialism. It's impossible to have socialism all the time the money supply is in the hands of (controlled by) private banks.

Yet again you rely on bluster and bullshit to cover your ignorance.

[MungoBrush]

Do you read any of the posts in threads or follow the discussion mungo?

Socialist policies is the term widely accepted as social policies under a capitalist system. It is not socialism and socialist polices are not the same as actual socialism. It's impossible to have socialism all the time the money supply is in the hands of (controlled by) private banks.

Yet again you rely on bluster and bullshit to cover your ignorance.

Obviously I keep up more than more than you, Fletch
Cannydc has proposed a definition of Socialism that I have agreed with
If you agree with that, then the conversation can progress
But you seem to like just going around in circles

As to you second point about the money supply, that is also bullshit as I have pointed out to you many times
You are completely wrong
You are just sounding like a broken record

[Fletch]

Do you read any of the posts in threads or follow the discussion mungo?

Socialist policies is the term widely accepted as social policies under a capitalist system. It is not socialism and socialist polices are not the same as actual socialism. It's impossible to have socialism all the time the money supply is in the hands of (controlled by) private banks.

Yet again you rely on bluster and bullshit to cover your ignorance.

Obviously I keep up more than more than you, Fletch
Cannydc has proposed a definition of Socialism that I have agreed with
If you agree with that, then the conversation can progress
But you seem to like just going around in circles

As to you second point about the money supply, that is also bullshit as I have pointed out to you many times
You are completely wrong
You are just sounding like a broken record

You claimed socialism was:

Absolutely wrong.
Textbook socialism is about state ownership of the means of production - ie Nationalisation.

viewtopic.php?f=20&t=75242&start=135

Which is wrong.

If you can't even get that bit right, why should anyone believe anything else you say?

[Fletch]

Do you read any of the posts in threads or follow the discussion mungo?

Socialist policies is the term widely accepted as social policies under a capitalist system. It is not socialism and socialist polices are not the same as actual socialism. It's impossible to have socialism all the time the money supply is in the hands of (controlled by) private banks.

Yet again you rely on bluster and bullshit to cover your ignorance.

As to you second point about the money supply, that is also bullshit as I have pointed out to you many times
You are completely wrong
You are just sounding like a broken record

State your case, for once, then mungo.

A nations money supply is created by who? (ie Pounds/Dollars/Euros)

[MungoBrush]

A nations money supply is created by who? (ie Pounds/Dollars/Euros)

Is this clear enough for you?

Bank of England
The Bank of England is responsible for managing UK monetary policy and maintaining the supply of money in the economy.

https://www.economicshelp.org/blog/glos ... k-england/

[Fletch]

A nations money supply is created by who? (ie Pounds/Dollars/Euros)

Is this clear enough for you?

Bank of England
The Bank of England is responsible for managing UK monetary policy and maintaining the supply of money in the economy.

https://www.economicshelp.org/blog/glos ... k-england/

Try again.

Creating the money mungo, not managing it. So who created it?

[MungoBrush]

A nations money supply is created by who? (ie Pounds/Dollars/Euros)

Is this clear enough for you?

Bank of England
The Bank of England is responsible for managing UK monetary policy and maintaining the supply of money in the economy.

https://www.economicshelp.org/blog/glos ... k-england/

Try again.

Creating the money mungo, not managing it. So who created it?

That is a stupid question

Who is responsible for the supply of PPE to the NHS?
The government?
Why are the names of the organisations that make the components relevant?
If the NHS runs out of PPE - who cares who makes them?
That's the stupid question that you are asking.

I've tried to make it as simple as possible.
The commercial banks DO NOT control the nations money supply
That is your error which you posted above.
It is absolutely WRONG.

[Fletch]

A nations money supply is created by who? (ie Pounds/Dollars/Euros)

Is this clear enough for you?

Bank of England
The Bank of England is responsible for managing UK monetary policy and maintaining the supply of money in the economy.

https://www.economicshelp.org/blog/glos ... k-england/

Try again.

Creating the money mungo, not managing it. So who created it?

That is a stupid question

Who is responsible for the supply of PPE to the NHS?
The government?
Why are the names of the organisations that make the components relevant?
If the NHS runs out of PPE - who cares who makes them?
That's the stupid question that you are asking.

I've tried to make it as simple as possible.
The commercial banks DO NOT manage the nations money supply.

You're right, they don't manage it. They create the money through loans. ie, as debt.

As detailed by the BoE itself mungo.

The reality of how money is created today differs from the
description found in some economics textbooks:

• Rather than banks receiving deposits when households
save and then lending them out, bank lending creates
deposits.

• In normal times, the central bank does not fix the amount
of money in circulation, nor is central bank money
‘multiplied up’ into more loans and deposits.

https://www.bankofengland.co.uk/-/media ... rn-economy

[MungoBrush]

New "New Labour"?
Ed's back in the shadow cabinet

Sir Keir Starmer has appointed former Labour leader Ed Miliband to his new shadow cabinet.
Mr Miliband, who led the party between 2010 and 2015, will now hold the role of shadow business secretary.

https://www.bbc.co.uk/news/uk-politics-52187354

[MungoBrush]

You're right, they don't manage it. They create the money through loans. ie, as debt.

As detailed by the BoE itself mungo.

The reality of how money is created today differs from the
description found in some economics textbooks:

• Rather than banks receiving deposits when households
save and then lending them out, bank lending creates
deposits.

• In normal times, the central bank does not fix the amount
of money in circulation, nor is central bank money
‘multiplied up’ into more loans and deposits.

https://www.bankofengland.co.uk/-/media ... rn-economy

You posted this:

the money supply is in the hands of (controlled by) private banks.

This is wrong
The Bank of England controls the money supply.

[Fletch]

You're right, they don't manage it. They create the money through loans. ie, as debt.

As detailed by the BoE itself mungo.

The reality of how money is created today differs from the
description found in some economics textbooks:

• Rather than banks receiving deposits when households
save and then lending them out, bank lending creates
deposits.

• In normal times, the central bank does not fix the amount
of money in circulation, nor is central bank money
‘multiplied up’ into more loans and deposits.

https://www.bankofengland.co.uk/-/media ... rn-economy

You posted this:

the money supply is in the hands of (controlled by) private banks.

This is wrong
The Bank of England controls the money supply.

Not according to them.

• In normal times, the central bank does not fix the amount
of money in circulation

as above in my previous post.

[Fletch]

New "New Labour"?
Ed's back in the shadow cabinet

Sir Keir Starmer has appointed former Labour leader Ed Miliband to his new shadow cabinet.
Mr Miliband, who led the party between 2010 and 2015, will now hold the role of shadow business secretary.

https://www.bbc.co.uk/news/uk-politics-52187354

I refer you to my previous post in this thread when the result of leader was announced.

That's Labour fucked again then.

"Under my leadership we will engage constructively with the Government. Not opposition for opposition's sake. Not scoring party political points or making impossible demands"

The right wing have succeeded at long last. The neo liberal ideology can continue unhampered. The establishment and their media can stop worrying now and call off the attack dogs. Even the once 'serious problem' with the party of anti Semitism will suddenly cure itself...

Just look at how all of them bowed down to and complied with the Israel lobby.

https://www.thejc.com/news/uk-news/labo ... t-1.496825

[LordRaven]

New "New Labour"?
Ed's back in the shadow cabinet

Sir Keir Starmer has appointed former Labour leader Ed Miliband to his new shadow cabinet.
Mr Miliband, who led the party between 2010 and 2015, will now hold the role of shadow business secretary.

https://www.bbc.co.uk/news/uk-politics-52187354

I refer you to my previous post in this thread when the result of leader was announced.

That's Labour fucked again then.

"Under my leadership we will engage constructively with the Government. Not opposition for opposition's sake. Not scoring party political points or making impossible demands"

The right wing have succeeded at long last. The neo liberal ideology can continue unhampered. The establishment and their media can stop worrying now and call off the attack dogs. Even the once 'serious problem' with the party of anti Semitism will suddenly cure itself...

Just look at how all of them bowed down to and complied with the Israel lobby.

https://www.thejc.com/news/uk-news/labo ... t-1.496825

Cooperation in this time of crisis is a good thing, and I have no doubt Starmer will be using this to get change in critical areas.