Without rule of law, a free press and democracy their are no checks to ensure the honesty of a bureaucracy or government. 2008 crisis Cause 1) deregulation of banking sector enacted by Bill Clinton 2) government backed lending to poor credit risks - NINJAS.
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Replying to @simon_enefer @KEEMSTAR and
Many Leninist states are more “democratic” than the United States (not China though), but I don’t recognize either as a fully legitimate form of democracy. They have de facto ruling classes. I’m strongly supportive of a free press, strongly opposed to banks & the housing market.
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Replying to @mediocre_danny @KEEMSTAR and
2. In the UK the elite was primarily from a very small group - a few thousand families - when I was born. This has changed as the UK became more like a meritocracy under Thatcher (they hated her for that!) But further change is needed.
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Replying to @simon_enefer @KEEMSTAR and
Nothing about Thatcher’s reforms were meritocratic. She ruined the rail system and directly led to dozens of accidents.
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Replying to @mediocre_danny @KEEMSTAR and
2. I can just remember pre Thatcher, power cuts massive inflation and a fear that the country was close to collapse. She was hated, after each election she won. You could never find anyone who had voted for her! She was a significant factor in ending the Soviet Union.
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Replying to @simon_enefer @KEEMSTAR and
I’m sure she was. She was also a significant factor in permanently weakening trade unions, sending homelessness rates on the rise, and prolonging the Troubles on false pretenses.
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Replying to @mediocre_danny @KEEMSTAR and
1. The trade unions had stopped serving their members and became political tools to remove governments. Homelessness was barely a problem under Thatcher, but if you import 8million plus people and don't build homes for them housing will be a problem.
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Replying to @simon_enefer @KEEMSTAR and
I’m all for union reform, but a bad union is better than no union. Collective bargaining is necessary for workers. And like all developed countries, the UK has far more open housing than it does homeless people. It just restricts access for the sake of profit.
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Replying to @mediocre_danny @KEEMSTAR and
If the NUM - UK miners union - had not several times tried to overthrow governments it's members would still have an industry. You can't pay people anything close to the economic benefit they provide to a company. The first recession/accident will bankrupt the company.
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Replying to @simon_enefer @KEEMSTAR and
“You can't pay people anything close to the economic benefit they provide to a company. ” Why not? How is anything less not considered theft? “The first recession/accident will bankrupt the company.” How?
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2. You are a good salesperson and generate sales revenue of £250k per year. Are you under paid? It depends? Revenue doesn't equal profit. If servicing that £250k cost the company £200k, then the company is making just £10k profit.
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