Friday, 13 December 2019

Tory win - great news for state-backed and monopoly businesses!

From The Guardian:

FTSE 250 rockets to record high as banks, housebuilders and utilities surge

12 comments:

Lola said...

I know. You get either a Marxist idiot or Tory rent seeking. Sigh

Mark Wadsworth said...

L, yes, your choices are Red Socialism, Blue Socialism/Home-Owner-Ism or Green socialism. Or Tartan socialism for Scotland. All mixed in with a healthy dose of nanny statism.

Shiney said...

@MW @L

Which is why I voted 'none of the above'

Dinero said...

The BBC are having trouble with the word majority,again. For the parliament it is the number above the others combined, for constituency they have it used for number between first and the next highest.

ThomasBHall said...

Looks like the 18yr cycle is on track then right? A few standard Tory land price pumping policies, in time for a crash as Labour win in 2024/25

Bayard said...

L, I think you will find that real Marxists would laugh at you for calling JC a Marxist. However, that is not to say that his programme was too far left for the GBP. What we need is a Labour government that can steer between the Scylla of Red Tory neoliberal Blairism and the Charybdis of full-blown socialism. Sadly, I fear though that it will be more like trying to pass an iron bar between two magnets.

M, I wouldn't say that the Tories are Blue socialists, they are more big state crony capitalists. The Libertarian - Totalitarian axis is orthogonal to the left wing - right wing one. The Tories only support the NHS because it is an electoral necessity (the current Tories are happy to sell it off because they care more about making money for themselves and their friends than they do about the long term prospects of the Tory Party). Other "socialist" things like free education and the state pension aren't socialist and weren't introduced by a socialist government.

Mark Wadsworth said...

Sh, why don't you stand as a YPP candidate? Practise by standing at local elections first, no £££ deposit payable and you need fewer signatures on your nomination paper.

D, "For the parliament it is the number above the others combined, for constituency they have it used for number between first and the next highest."

I think that is the correct way of doing things. There are very few constituencies where the winning candidate gets more than half the votes, so on that basis, most MPs have a minority of the votes.

TBH, they've announced an extension of help to buy, and low deposit mortgages are becoming more common again. The Tories will win again in 2024 on the back of rising house prices, and it will go pop again in 2025 or 2026.

B, OK, let's call them "big state crony capitalists", same thing.

"things like free education and the state pension aren't socialist"

Agreed, no, I never said they were. Most civilised or developed countries have these things (democratic or autocratic, socialist or conservative), they are public/merit goods or political necessities, same as roads, police, refuse collection, defence etc.

What is Blue Socialism (or Big State Crony Capitalism, as you call it) is top down 'privatisation' of the Royal Mail or schools/academies (or the National Grid, or council housing), where Tory party donors can tap into taxpayer funded income streams or acquire taxpayer-funded assets at undervalue. Or heavy subsidies for 'privately owned' land values (aka Home-Owner-Ism).

Dinero said...

M, if you see the BBC election results pages for constituencies they do not use the phrase relative majority , they just have the word majority.

Dinero said...
This comment has been removed by the author.
Dinero said...
This comment has been removed by the author.
Dinero said...

M, I had a look , surprisingly or not, in the 2017 election, in the consistences 78% of the elected candidates got more than half the votes.

Mark Wadsworth said...

D, that is surprising.