What line of work will speculators move to once the socialists take over

[donaldduke]

Just got back from my local, the protestesters were all returning very proud of themselves after todays shenanigans, very upset about what capitalism has done to the planet.

In the worst case scenario, if you have made a living off speculating on the financial markets for the past few years, how will you make a living if Marx's world comes to be?

Just a thought.

Interesting contrast with the protest marches in the US around 18 months ago.

When a million people came and out to protest against government spending!

http://www.dailymail.co.uk/news/wor...-Obamas-spending-tea-party-demonstration.html

So i still have some faith in the american people to hold out against socialism, even if we get taken over here in the uk and europe.

 

[squall321]

A.H. was right
just went about things the wrong way
the old enemy still the ones pulling the strings
but people are on the edge of waking up

 

[Blaiserboy]

America has huge trouble, the people are just starting to wake up, there will be a serious storm in America as things are out of control.

 

[new_trader]

Uk Budget corporation tax was cut apparently in an attempt to stimulate job creation..favouring buisiness...why didn't they cut income tax (favouring the people) and give them more money to spend thus stimulating growth ?

Spending stimulates growth? You actually think this way? You actually think we can spend our way out of a recession? I can't believe you buy into that half baked Keynesian nonsense. How do you explain the UK's widening trade deficit? Too much consumption got us into the Global financial crisis and it is why the UK economy is headed down the toilet.

As for protesting against capitalism. They are morons who haven't got a clue. What we have isn't capitalism. The government is imposing Austerity because of the "Too big to fails" they burdened the taxpayers with. That is crony capitalism.

 

[Blaiserboy]

I have seriously rethought what I will do when the markets are no longer available. I will take a course in music and become a piano player in a marching band.

 

[meanreversion]

UK government spends far too much, this explosion in spending is the result of Brown's profilgacy.

And the tragedy is, this spending has been mostly wasted. Spending on education doubled in real terms in 13 years and yet we churn out illiterate morons who can't read, spell or do basic sums (yet strangely everyone now gets A** for everything at GCSE level, go figure).

What about the NHS and foreign aid? Ring fenced from cuts (actually I think foreign aid is going up). Why is the NHS immune? It's another area where the spending taps were turned on, and for the most part it resulted in senior level pay exploding.

Listening to Osborne present the budget reminded me of Brown. It's all just tinkering. There are no big ideas, no serious attempts to rein in spending (absolute spending is forecast to rise every year for the next five years). Even if the "cuts" are put in place, spending in real terms will be only back to where it was in 2005 terms, the same time Brown was going on his binge.

 

[Blaiserboy]

Meanreversion

Many nations are in a similar spot, politicians bought votes and now the debt has to be repaid... unfortunately the taxpayer is caught again

I am not familiar with your country...... here, the only winners are the big corporations and the banks.... the wealthy people are scooping up whatever real estate they can...

 

[robster970]

Spending stimulates growth?

Yes it does. Think about it.

The crony capitalism you describe is in fact Keynesian economics in action - private enterprise being interfered with by government. What do you think all this horsesh1t regulation is that a government imposes? What do you think the FSA is? What do you think government subsidies are? Never mind taxation, that is just government believing it can allocate capital more efficiently than the collective economic behaviour of 60m people.

In spite of this, the basic problem is the country has been running out of money for years but through distribution of tax, the previous government has created the illusion of growth through massive investment in the public sector. I doubt that yesterday, you would have found many private sector professionals demanding that cuts were bad - it was purely a socialist stunt for the public sector.

BTW, we are collectively responsible for getting the government we vote for. If you want rid of idiots, use your vote.

 

[Blaiserboy]

Interesting that you mention vote...... as the problem increases in size. the people here are less inclined to vote.....

 

[robster970]

Interesting that you mention vote...... as the problem increases in size. the people here are less inclined to vote.....

It tells me people don't want choice.

 

[forker]

I think we are headed for a revolution against capitalism and the companies running it. Capitalism is isn't a very mature system and hasn't been properly thought out. As it matures it seems to get more corrupt with politicians being puppets for corporations who aren't subject to voting. Every day corruption is seen amidst political and corporation affairs. Like socialism and other systems, capitalism is going to fail because the imbalance will reach a point when the people have had enough. It is already evident today and just a matter of time before the restlessness amongst the people grows large enough to start a revolution.

 

[Splitlink]

Just got back from my local, the protestesters were all returning very proud of themselves after todays shenanigans, very upset about what capitalism has done to the planet.

In the worst case scenario, if you have made a living off speculating on the financial markets for the past few years, how will you make a living if Marx's world comes to be?

Just a thought.

The socialists have taken over on many occasions. The point is that as soon as a socialist gets into power, he ceases to be one.

When he ceases to be one, he will work, more than anyone else, to remove democratic process from the competition, always with a logical explanation. IOW, you are going to be shafted for your own good.

The human being is what he is. He will not change. Those at the top start grunting instead of sharing.

 

[new_trader]

Yes it does. Think about it.

The crony capitalism you describe is in fact Keynesian economics in action - private enterprise being interfered with by government. What do you think all this horsesh1t regulation is that a government imposes? What do you think the FSA is? What do you think government subsidies are? Never mind taxation, that is just government believing it can allocate capital more efficiently than the collective economic behaviour of 60m people.

In spite of this, the basic problem is the country has been running out of money for years but through distribution of tax, the previous government has created the illusion of growth through massive investment in the public sector. I doubt that yesterday, you would have found many private sector professionals demanding that cuts were bad - it was purely a socialist stunt for the public sector.

BTW, we are collectively responsible for getting the government we vote for. If you want rid of idiots, use your vote.

Perhaps you misunderstood me. I am an 'Ayn Rand' capitalist. I don't subscribe to the Keynesian school at all, it is nonsense. I am not sure what kind of 'spending' you are referring to, hopefully you don't mean consumption. I am all for spending on capital that increases the productive capacity of an economy, but simply buying 'stuff' doesn't produce any real growth.

 

[Splitlink]

It tells me people don't want choice.

People never have wanted any choice but to live their lives as they see fit. That is a more selfish attitude than it seems at first glance. The "**** you, Jack, I'm all right" attitude is very common amonst all of us and that is what divides us into political groups---in the pub, though! When it comes to taking time out to vote there is usually something more interesting to do. That is why very interested capitalistic groups influence government decisions at every level. The taxpayer buys all the rubbishy railway systems that need replacement because the socialist government said that the railways should be publicly owned. All the railway companies rubbing their hands with glee. They'll buy all the new stuff back again for a song in a couple of decades have passed. Even if it is at the same price, the currency will have devalued by then. The same happened to gold---somebody bought it!

This is ranting, isn't it? If I had a solution I would become a grunter myself,tomorrow!

Take my advice. Learn how to make money in speculation and forget it!

 

[forker]

Perhaps you misunderstood me. I am an 'Ayn Rand' capitalist. I don't subscribe to the Keynesian school at all, it is nonsense. I am not sure what kind of 'spending' you are referring to, hopefully you don't mean consumption. I am all for spending on capital that increases the productive capacity of an economy, but simply buying 'stuff' doesn't produce any real growth.

Buying goods and services directly influences growth strategy. For example take Xmas. It is a predictable boost in spending and manufacturing and services increase output to support it. If overall income tax was lowered it will have an effect on growth by boosting demand. So to comment on your comment, buying goods and services can and does increase growth. This is economics 101

 

[new_trader]

People never have wanted any choice but to live their lives as they see fit.

Napoleon Bonaparte said "A man will fight harder for his interests than for his rights." I have to agree. I probably have a right to do things I couldn't care less about simply because some self-interested minority group fought for them. I bet there would be many people who would gladly give up their "right" to free speech in order to gain the right to use drugs.

 

[new_trader]

Buying goods and services directly influences growth strategy. For example take Xmas. It is a predictable boost in spending and manufacturing and services increase output to support it. If overall income tax was lowered it will have an effect on growth by boosting demand. So to comment on your comment, buying goods and services can and does increase growth. This is economics 101

You have to look at where the 'goods' are coming from. The UK imports twice as much as it exports. The UK has a trade deficit and not a trade surplus. The UK's debt to GDP is growing because people are borrowing money to buy STUFF, including the Government. You are talking Keynesian economics 101.

 

[Splitlink]

Napoleon Bonaparte said "A man will fight harder for his interests than for his rights." I have to agree. I probably have a right to do things I couldn't care less about simply because some self-interested minority group fought for them. I bet there would be many people who would gladly give up their "right" to free speech in order to gain the right to use drugs.

An example is that parents in Spain are spending more money on watching what their kids are doing on "binge" night! The freedom of privacy is being taken away by cameras.

 

[forker]

You have to look at where the 'goods' are coming from. The UK imports twice as much as it exports. The UK has a trade deficit and not a trade surplus. The UK's debt to GDP is growing because people are borrowing money to buy STUFF, including the Government. You are talking Keynesian economics 101.

You raise a good point and one I didn't think about so early on a Sunday morning. Think I need some coffee

 

[spreader_legger]

Get Learning ..... the Queen is your head of state

I have decided to become a king.....

I am going to take a course in kingisms