tag:blogger.com,1999:blog-5431263320847347944.post237503718997471640..comments2023-03-22T11:27:51.474-07:00Comments on What You Should be Angry About...: The Sale of The WestFarmDonkeyhttp://www.blogger.com/profile/07452637284558801122noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-5431263320847347944.post-44542822400498926102012-08-28T09:52:49.065-07:002012-08-28T09:52:49.065-07:00Bitcoin.Bitcoin.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5431263320847347944.post-36730147562251176542012-08-28T04:07:22.714-07:002012-08-28T04:07:22.714-07:00You can't survive if the societal capital is h...<em>You can't survive if the societal capital is hovered up and moved somewhere else, like for example to a few bankers in the Cayman Islands!</em><br /><br />I think you'll find it's a bit more complicated than that. What do you expect people to do when the capital is - as is going on right now - being hoovered up out of local economies by large corporations? Just give up and stop eating and breathing (and pooping)? Of course they don't. They go on. Capital is not a requirement for life.<br /><br />Admittedly some <em>do</em> starve, some <em>do</em> die - and you can legitimately blame capitalism for that - but that's <em>in extremis</em> and such conditions don't, can't, persist for longer than a generation or so.<br /><br />Sooner or later the ones getting fat at the expense of the majority would end up being strung up on lampposts. Your 'new connected world' is probably the first time in human history where this need <em>not</em> actually happen. Ordinary people need their own economy, and this is - as you have pointed out - now a possibility. Let the rich babies keep their state-sanctioned fairy dust - it'll do them no good in the long run. But it will be a painful transition for the rest of us.LemoUtanhttps://www.blogger.com/profile/11110031436968511583noreply@blogger.comtag:blogger.com,1999:blog-5431263320847347944.post-62283051746390662652012-08-28T03:41:30.149-07:002012-08-28T03:41:30.149-07:00But that's not enough is it? The drop in the &...But that's not enough is it? The drop in the 'number of yuan' is not, in itself, necessarily bad for the Chinese. If the Yuan can buy more (having increased in value by that claimed 40% over ten years [sources, anyone?]) then who cares if there are fewer involved? What was the dollar figure from a year earler, Mr Bloomberg?LemoUtanhttps://www.blogger.com/profile/11110031436968511583noreply@blogger.comtag:blogger.com,1999:blog-5431263320847347944.post-70791682452210291892012-08-27T14:26:18.626-07:002012-08-27T14:26:18.626-07:00It was the Corporate Nazi stock market parasites w...It was the Corporate Nazi stock market parasites who sold our sovereignty to the highest Corporate Multinational Cartel bidder all under the guise of the EU Fourth Reich project. Now they expect the poorest of UK population to pay for a Corporate Nazi welfare state to support share prices on the FTSE and Wall St, the only sane answer to our financial problems is to default on all the fraudulent derivatives they have sold !Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5431263320847347944.post-41152241777193557642012-08-27T13:22:12.288-07:002012-08-27T13:22:12.288-07:00Very nicely explained. The only way that outsourc...Very nicely explained. The only way that outsourcing could possibly be worthwhile is if all the people doing the jobs here could be doing something that would be more beneficial to our economy. Given that this has clearly not happened, outsourcing has to result in essentially what you describe. We pay people in another country to do jobs that could be done here and those who are left here are under-employed. Some will benefit - the investors in the companies that outsource and those who can afford to buy the cheaper goods - but our economy as a whole almost certainly has to suffer.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5431263320847347944.post-17255082746501252872012-08-27T12:41:55.791-07:002012-08-27T12:41:55.791-07:00erm yeah, I totally agree with almost all of this,...erm yeah, I totally agree with almost all of this, but the conclusion really, who is this 'we' that sold our infrastructure and our independence, and why did they do it? I think it had more to do with the powers that be making huge profits from it. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5431263320847347944.post-68426308517209289012012-08-27T10:38:20.009-07:002012-08-27T10:38:20.009-07:00The only way forward is to cut the stock market pa...The only way forward is to cut the stock market parasites out of the equation, it wont be easy but we could forge a new " Common Wealth " economy out of the wreckage of the now almost inevitable Euro implosion if politicians are prepared to relinquish their respective quasi-religions !Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5431263320847347944.post-37846448837691804152012-08-27T09:03:11.496-07:002012-08-27T09:03:11.496-07:00There is a danger in denouncing any particular dog...There is a danger in denouncing any particular dogma whether western capitalism or eastern post-communism with any linear cause and effect type relationships. There is a whole world of scientific debate, theory and socio-psychological thinking, writing and evidence going back over a century that societal evolution is always complex.<br /><br />Sustainable societies in any dogma must be autopoietic. They are made up of, and produce what they are made up of and produce. In other words you cannot create a sustainable community or society unless the total "outcome" of their endeavors is balanced as "ingoes" that invest in that society. The butcher buys his bread from the baker. The growth only economic dogma is a fundamental attribution error. You can't survive if the societal capital is hovered up and moved somewhere else, like for example to a few bankers in the Cayman Islands!<br /><br />With today's new connected world, I am able to give my money to the bloke who produced the thing I want. The rich have created a black market for money and we need to reclaim it for the working man, where it belongs.Anonymoushttps://www.blogger.com/profile/14572835950009111407noreply@blogger.comtag:blogger.com,1999:blog-5431263320847347944.post-506457253270945652012-08-27T08:55:54.258-07:002012-08-27T08:55:54.258-07:00Considering that the UK had to import lots of its ...Considering that the UK had to import lots of its food from overseas until fairly recently, and that a core reason for joining the EU was food security - I have some difficulties with the initial statement.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5431263320847347944.post-37131839399524580652012-08-27T08:49:55.647-07:002012-08-27T08:49:55.647-07:00Great blog but you have to aware of shifting sands...Great blog but you have to aware of shifting sands as China is not doing so well as we move into the next stage of a deep depression.<br /><br />China Stocks Drop To Fresh Post-2009 Lows Following Plunge In Industrial Company Profits<br /><br />Bloomberg reports, was that Chinese industrial companies’ profits fell in July by the most this year, a government report showed today, adding to evidence the nation’s economic slowdown is deepening. Income dropped 5.4 percent last month from a year earlier to 366.8 billion yuan ($57.7 billion), the fourth straight decline, National Bureau of Statistics data today showed<br /><br />http://www.zerohedge.com/news/china-stocks-drop-fresh-post-2009-lows-following-plunge-industrial-company-profits<br />terratechhttp://unemploymentmovement.comnoreply@blogger.comtag:blogger.com,1999:blog-5431263320847347944.post-84529425089308092882012-08-27T07:17:19.497-07:002012-08-27T07:17:19.497-07:00Would I be right in thinking that China has the sa...Would I be right in thinking that China has the same low skill, low wage workers as in the UK. , but have channelled their out put into manufacturing, while Maggie effectively closed our manufacturing industry down. The profits in China, I presume go to the ruling capitalist elite, as they do here. So the added value of the yuan doesn't impinge on the standard of living of the workers. I feel the elephant in the room is the capitalist system both here and in China. Also I don't see how growth can be continuously maintained in a finite world. Perhaps you may be willing to expand on the some of this in your next blog.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5431263320847347944.post-44144240955287255142012-08-27T03:56:50.575-07:002012-08-27T03:56:50.575-07:00Interesting and intuitively I buy your conclusions...Interesting and intuitively I buy your conclusions. But would you post the sources of your figures? (e.g. 10% of UK workforce devoted to offshoring jobs). I'd hate to get involved in a heated argument on the basis of these figures and then be unable to say where they came from apart from "a blog I read".Henry Lawhttp://www.example.com/henrylawnoreply@blogger.com