For a moment I thought we were doomed ...

[sasguru]

...but NL has saved us again. Using taxpayers money to prop up a a highly geared private company. Isn't socialism great - we can suck at the tit of the nanny state for ever.
Next they will lower interest rates and the whole merry-go-round will start again (borrow money to buy stuff from China, ramp up personal and national debt, buy houses we can't afford thus raising prices etc.).


Boomed I tell yer!

[rootsnall]

So did I ! I still do but I just need them to paper over the cracks one more time and for it to hold together for another 2 weeks until I've completed on 2 house sales.

[_V_]

I see that government inflation figure has fallen again in August, well below the government 2% target.

Yep, everything is getting cheaper and cheaper. Cheap fuel, cheap insurance, cheap food, cheap housing costs, cheap clothes, cheap, cheap, cheap.

Cue interest rate cut next month, house prices will leap ahead 10%+ and we are all getting richer.

[Old Greg]

...but NL has saved us again. Using taxpayers money to prop up a a highly geared private company. Isn't socialism great - we can suck at the tit of the nanny state for ever.
Next they will lower interest rates and the whole merry-go-round will start again (borrow money to buy stuff from China, ramp up personal and national debt, buy houses we can't afford thus raising prices etc.).


Boomed I tell yer!

It makes me laugh how people here complain about NL and socialism. NL is not a socailist party. The dropping of Clause 4 confirmed this. Socialism is about public ownership, not about subsidising private companies. A socialist response would be to nationalise and transfer the assets and obligations into the public ownership. All they've done here is transfer the risk to the public purse. This is NL the friend of big business, not NL the socialist party.

[meridian]

So did I ! I still do but I just need them to paper over the cracks one more time and for it to hold together for another 2 weeks until I've completed on 2 house sales.

Bah! I've still got six weeks to hold on until mine's sold!!

[NoddY]

It makes me laugh how people here complain about NL and socialism. NL is not a socailist party. The dropping of Clause 4 confirmed this. Socialism is about public ownership, not about subsidising private companies. A socialist response would be to nationalise and transfer the assets and obligations into the public ownership. All they've done here is transfer the risk to the public purse. This is NL the friend of big business, not NL the socialist party.

OldGreg is right. This is blatant capitalism. When everything is going fine, the free market must not be interfered with, but when the market turns, as it has, suddenly we require the intervention of the State.

Capitalism != free market

Capitalism is the concentration of the means of production is the hands of the few, who then charge economic rent for access licences to it.

New Labour are not socialists. They have presided over the biggest decrease in the value of labour for generations. Once a family would be supported by one persons labour, now it requires two+more+debt.

[Old Greg]

Capitalism != free market

Capitalism is not necessarily free market. China is an example of a non-free market capitalist economy. Capitalism describes the ownership of production (and in a modern economy other ways of making money such as finance and services) and the ability to make money from the investment of capital rather than purely from selling your labour. This model can exist alongside various levels of market freedom and government interference

[sasguru]

Capitalism is not necessarily free market. China is an example of a non-free market capitalist economy. Capitalism describes the ownership of production (and in a modern economy other ways of making money such as finance and services) and the ability to make money from the investment of capital rather than purely from selling your labour. This model can exist alongside various levels of market freedom and government interference

Hence Noddy's use of !=
What I meant is that Labour have said they will nationalise NR rather than let it fall. That is socialism

[Chugnut]

I think that's what Noddy is saying.

!= means "not equal" in dialect.

[Old Greg]

!= means "not equal" in dialect.

Thanks - I have learnt something today.