So Much for the “End of Capitalism”…
After record gains in 2004 India’s communists were close to power. They derailed India’s economic liberalisation, curbed further deregulation, opposed moves to make the labour market more flexible, and prevented privatisation. Now the 700 million strong electorate has comprehensively rejected them and their left-wing allies.
The decisive victory of Prime Minister Manmohan Singh, a committed supporter of globalisation, has led the Bombay market to surge 10% on the open this morning. The American century has passed with the Anglo-American investment banking model stumbling, so it looks like the Anglo-Indian model of capitalism will drive the rise of the next economic superpower. Private capital is going to flood into India again. Capitalism is still the greatest way for humanity to raise standards of living and reduce poverty.
By hook or by crook I’ll be first in this book
By fook!
Indian elections. Who gives a flying fuck?
Prople who are half Indian?
Anyone interested in a billion new customers with money to spend
So India joins the western gluttony club while many of it’s neighbors continue to starve along with the rest of the third world.
I suppose that’s something our MPs will have no problem with supporting.
“Capitalism is still the greatest way for humanity to raise standards of living and reduce poverty.”
When kept on a tight leash, like a dog, yes that maybe true.
As long as there is a global minimum wage and as long as companies and banks that are bankrupt are treated accordingly then you may have a point Guido.
As neither of those circumstances are in place your comment is purely rhetorical.
Your grasp of economics is very poor.
Yes! Let’s make the ‘global’ minimum wage £100/hour and we’ll all be rich!
Actually should be £1000 per hour. Anyone opposed to this is a cruel, racist intolerant male who wants to make people work for low wages.
Economics idiot class more-like.
the minimum wage is best described as a level of productivity that the state has mandated compulsory unemployment for those below.
Barriers to employment do not help the economy and thus society.
Your grasp of economics is truly awful. A global minimum wage would consign india and China to less than African levels of wealth. Next!!!
Oh please.
Global minimum wage = an awful lot of people aren’t going to have jobs. And they will starve.
‘that maybe true’ – care to point out *any* alternative system that has raised so many people out of poverty, over *any* length of time, let alone the staggering short period in which China and India have managed to do it? You can’t.
I recommend ‘Economics in One Lesson’ by Henry Hazlitt.
‘Barriers to employment [such as the minimum wage] do not help the economy and thus society.’
Crap that even die-hard capitalists like the USA can see to be untrue.
The minimum wage does two things:
1) Stops people having to work for starvation wages. They get enough to live on – an arguable point, but they can live better on a minimum wage than £1/hour or the like.
2) Weeds out the sh*tty companies that can only survive through mistreatment of their workers. If you can’t afford the minimum wage, you don’t deserve to be in business.
Look at how businesses were bleating about massive job losses just before the minimum wage came in in 1997. And did those job losses happen? Did they hell.
They only wanted labour on the cheap, and once the minimum wage came in they paid up and shut up.
The only massive job losses were when those same businesses f*cked up our economy 11 years later.
Dave R,
If people wouldn’t work for less than the minimum wage cos it was a shitty job then companies wouldn’t be able to pay it and recruit.
Companies work using what is called MATHS. If a role generates x profit then the pay must be <= x. Therefore if a person cannot be productive enough for the state then they have to live on benefits.
Do you run a business? I do. If you want a market derived i.e. real minimum wage then a citizens dividend funded by an LVT and zero taxes on income will create a base pay that will allow people the freedom to choose to earn extra income, but make companies compete for employees.
‘If people wouldn’t work for less than the minimum wage cos it was a shitty job then companies wouldn’t be able to pay it and recruit.’
Read up on unemployment benefit legislation. If you refuse a job – and refusing it on pay is no exception – you get your benefit stopped. Your argument doesn’t work when 2m are unemployed and would be forced to work for starvation wages without the minimum wage.
And like I said, even the USA has a minimum wage – and if they do it, die-hard capitalists that they are, there must be some rationale. Like the weeding out of rubbish companies.
‘Companies work using what is called MATHS. If a role generates x profit then the pay must be <= x.’
What exactly is your point? Companies would be going bust left right and centre – even more so than at the moment – if all the roles in each of them didn’t generate more profit than the minimum wage.
And the people on the shop floor – those most likely to be earning the minimum wage – generate far more profit than the minimum wage they are likely paid.
Nope, I still prefer the idea of healthy businesses that can afford to pay the minimum wage paying it so that people don’t starve, and badly run businesses going to the wall because low pay isn’t an option anymore.
And why do you – alleged business-owner – take such exception to that? Does your business need a visit to see if the minimum wage is being paid?
Oh yes, and time has told.
Businesses only went to the wall when big business collapsed the economy. And not in 1997 when the minimum wage came in, nor in the following years.
The ‘minimum wage hurts business’ has been proven completely wrong. Business has survived, for the last decade here and for decades in the USA.
BREAKING NEWS SMOKE RISING FROM EU BUILDING IN BRUSSELS (sky news) probarbly all the eu crooks burning their reciepts!
St Tony has been chosen for pope?
ouick lock all the doors!
Somebody left the chip fryer on?
A fire has broken out in the basement of the headquarters of the European Commission in Brussels, officials say.
A BBC correspondent outside the Berlaymont building says thick smoke can be seen pouring from the roof. At least three fire engines are there.
THREE FIRE ENGINES ? WOW ! Must be a bad fire. Whole waste paper bin gone up, has it?
Fucking Euro Beaurocrats. Can’t even organise a records removing burn
Hoons
Can I donate petrol?
DO THE KNOT KEEP THEIR RECORDS IN THE ATTICUS THEN
India’s neighbours may not do as well as India…why may that be then? Because the Indian people believe in capitalism and hard work to improve their lot maybe? And dont entirely rely on aid (although why the UK are given them aid I have no idea). And have truly democratic elections…errrrr unlike many of her neighbours and indeed African countries?
“I cannot pretend to be impartial about the colours. I rejoice with the brilliant ones, and am genuinely sorry for the poor Browns”.
Agreed
I don’t know what I’m agreeing with, but if Guido said it consider me 100% aboard. I’m all fired up and ready to a bit of angry typing.
So India joins the western gluttony club while many of it’s neighbors are still starving along with the rest of the third world.
I suppose that’s something our MPs will have no problem with supporting.
see my post at 222
oh eck back to the cricket
Is it true the speaker is to receive some sort of parachute payment when he leaves?
If so I’d like to pull a few strings and make him jump from higher up!
Without the parachute, I hope.
The Penguin.
I’d like to cut the strings – no – just sever them enough so they ‘twang’ one . . . by one . . . by one . .
Just so the bastard drops the last hundred metres – sorry – yards – ‘au natural’ – as it were – or should be
Thought criminal! How dare you persist in using yards? Our masters have declared that we must use European measurements. You’re probably a white male little-englander like winston churchill.
You need sending for diversity re-education.
i’d give him a fucking parachute with no stings attatched!
The photo of that Indian political dude looks remarkably like the photo of the Scottish Speaker dude in the post below.
No – it’s Phil Woolas and a novel use for his pantyliners.
Nah.
It’s that bloke off “It ain’t half hot, Mum”
Capitalism is also the only ethical arrangement of ownership.
If I work to create wealth, that wealth belongs to me.
If someone takes it without my consent, that is theft.
All contracts must be voluntary and well-informed; the only exception is self-defence.
I accordingly assert taxation is unethical and should be illegal.
Zounds!
I hereby ask the question of your assertion. Verily, how doth your beautifully child-like system deal with speculation / LBOs etcetera?
Who hath worketh to create the wealth of lake and rîver and babbling brook?
Wheretofore shall the state raise money so that water doth flow through pipes? Or shall thee only sip evian from the bottle accordingly? Shall thy vehicle be ambulated round thine garden or would you thus want to travel on roads?
fucks sake we’ve got one of them greasy , unwashed protestor types managed to freeload so time on cyberspace. Either that or an A level sociology student enlightening us with their superior knowledge of the inequitable system.Hoon
Taxation is theft? sure, I can agree with that.
Seems to me though that there’s little point debating such fundamentals when a criminally corrupt political class has disarmed the populace and sold out our country from under our feet.
I agree in principle Xavier, but to be able to work requires a police service, a judiciary, a law-making body, an education system and (arguably) a health service. They have to be paid for somehow. I agree that taxes are far too high, the state is far too pervasive, but we need some level of tax or our work will just be taken from us by criminals with a far less concern for morality or ethics than I either of us.
> an education system and (arguably) a health service
Rubbish! Both of those are personal expenditure not best funded by extortion.
Parents should pay for their own childrens education.
People should pay for their own health.
In these two areas the role of the state should be limited to making sure parents ARE educating their children, and that promotion of group health (herd immunity) measures such as vaccination programs.
So then you’re determining wealth by which vagina you came out. I’m not in favour of targeted wealth redistribution or positive discrimination but you need to provide a mechanism which promotes social mobility. If not the classes become arrogant and corrupt, develop a sense of entitlement and decay (hmm, sounds familiar).
But then I suppose I do have a personal interest – if it was up to parents to provide education there’s almost no way in hell I would have been able to achieve this nice middle-class standard of living. I’d also be dead from a previous illness.
Commissar Spiegel has a nice ring to it don’t you think?
Income taxation is totally immoral and akin to slavery, however Land Taxation is not, as the right to land is a externality that is currently undertaxed (the tax raised should fund a citizens dividend so people can buy their own insurance, rather than the states meagre producer captured ration).
This has led to the current housing bubble.
Work is a also akin to slavery.
Bad news for England fans: BROWN DOOMS ENGLAND’S 2018 WORLD CUP BID.
No, that’s good news. If only he’d endorsed our Olympic bid.
He’s a fucking Jock, what the fuck does he know about footy? Hoon
I wish Gordon had gone out in the quarter-finals, like England do. Better still, I wish he’s gone out in the qualifiers to the Faeroe Islands, like Scotland do.
Hear, hear, hear!!!
Leave the poor Bankers alone!!!
So they lost a few Trillion in Credit Default Swaps and C.D.O ? So what ?
You can’t make an omlette without losing several hundred Billion and relying on the Taxpayer to bail you out and save your Company from your own greed and incompetence.
That’s just good old fashioned Capitalism.
Thank heavens for the Indians and their deregulating fervour.
I mean that IS what they are going to do right ?
They are cleary ahead of the game as the rest of the Financial World rushes to start deregulating again in earnest.
I hear Ross Perot will be making a comeback too.
Sir Fred, you of all people should know that the banks did not willingly go to the government for taxpayers cash; Darling saw his opportunity, redefined the word “insolvent” (at the time most had sufficient reserves to meet their obligations as they fell due, he unilaterally and without consultation increased the proportion by which bank assets were required to exceed liabilities) so he could apply it to the banks and require them to increase their capital when the markets were dead. The only option then was to sell shares to the eagerly waiting government. He thus managed to nationalise the banks, and blame the banks for wanting to be nationalised. Deleting clause 4 from Labour’s constitution was a purely cosmetic excercise; they still aspire to place all wealth creators under party control.
As spin it is a thing of great beauty, as politics it stinks.
I am not in any way connected with the banking industry except as an account holder, but I can see that the real Sir Fred Goodwin is a far more moral person than any and every politician, prosepective politician and failed candidate. That does not make him a moral person in absolute terms.
Quite right sir!
I BEGGED The Government not to give me hundreds of Billions for my busted Bank, Oh how I begged. But they would not listen!!! Likewise I was on my knees pleading with them not to give me a Pension fit for a king but they twisted my arm and sobbing I reluctantly had to agree.
And you can imagine how shocked and distraught all the other Banks were to be in reciept of untold Billions of Taxpayers money. They were desperate to go it alone and sink or swim as had been the norm before. But again the bullyboys forced all those Billions down their throat and I can still see the Headlines of all the Banking Executives as they tried vocally and repeatedly to tell the Government to bugger off and stop feeding them Taxpayers cash. Alas! All in vain.
And well spotted Sir! Those Banks are now little more than a Stalinist cadre of Moneylenders who cannot pass water without Government say so. If by “Nationalisation” you mean free to do exactly as they please without the curbs on their Legendary greed and incompetence that the Billions should have bought which is the same rights any shareholder should be due.
And I AM a moral man. Just ask my customers and staff.
This naive post gives sarcasm a bad name.
agreed, he’s as big a Hoon as the lot in westminster
“You can’t make an omlette without losing several hundred Billion”
Lefty mantra.
Order-Order.
chicken and chips
get back in the gym man – we need u for the ashes.
Trinity man
St John’s.
This is what ZanuLabour “socialists” like about capitalism, Guido:
From todays Daily Mail online:
“Married cabinet ministers Ed Balls and Yvette Cooper made a claim for almost four times the amount of mortgage interest to which they were entitled.
The couple, who are among Prime Minister Gordon Brown’s closest allies, submitted the claim for £2,600 for two months in 2007.
But the House of Commons Fees Office pointed out that they were allowed to claim for only £733 and docked their claim accordingly.
The officials also discovered that they had submitted the same claim, for the month of July 2006, twice.
The cabinet ministers, who are each paid £141,866 a year, yesterday insisted they had made an ‘inadvertent error’.
The husband-and-wife team also ‘flipped’ the designation of their second home to three different properties within the space of two years.
The couple also regularly put in claims of £600 a month for food.
In a statement, they said: ‘There was an inadvertent error in filling out our forms. This mistake was spotted by the Fees Office and the correct amount was paid.”
Labour’s “Golden” couple
Truly a pair of Golden Balls
i bet he sticks it up her ‘arris
Time for a piggie cull at Westminster. Get the knives out.
No the Balls are “Real socialists*” it’s just not that an over-sized government has nothing to do with “capitalism”.
* despotism with a slight delay. Socialism always inevitably leads to a despot. It puts the government above the people, and the people running the government as god.
Everyone should be god of themselves only.
What a load of rubbish. You never bet against Uncle Sam.
Now lets get back to business – fucking Speaker Martin.
fook that left a bad picture in my head
Martin-the speaker who cannot speak!!
hahahahahahaha!
Were you watching HIGNFY?
Clearly Brain Blessed should be speaker.
I’M BRIAN BLESSED.
I retract my previous statement.
It was meant as a joke that someone making a fool of themselves in a rather fun way (that they may or may not have been doing on purpose), could be elevated into high office.
Too late.
Pensioner: you are john mccain and I demand my $5!
but seriously, I am slightly concerned you may be suffering from some early stage indicators of alzheimers. as evidence I refer to your cretinous comment;
“What a load of rubbish. You never bet against Uncle Sam.”
uncle sam has spent over 500 billion dollars on war and occupation.
and america has recently borrowed a further 800 billion dollarsbecause of its perilous fiscal position.
and lets’s not forget that america’s economic stability is currently dependent upon the retention of dollars by china.
when america stops wasting money on war and occupation it would definitely be a good bet, but right now the us is sub prime stock.
junk status really.
If it ends in -sim, I say fuck it.
Or even -ism.
The decisive victory of Prime Minister Manmohan Singh, a committed supporter of globalisation, has led the Bombay market to surge 10% on the open this morning.
IS YOU ON DRUGS?
how is that evidence to support the hypothesis that “Capitalism is still the greatest way for humanity to raise standards of living and reduce poverty.”
No wonder they voted for capitalism and globilization.
They have pinched western workers jobs!!!!
Multinats make bigger profits.
British jobs for british workers say I.
Bring back our industries and put our people back into productive work.
McDonalds and Westminster is neither.
This is the only way to pay off the national debt.
Sod the Indians – they can have pure unadulterated greed if they want.
I want to see people in this country able to make a living in British factories thanks.
If thats socialism – which it ain’t – tough!!!
Good morning Mr Griffin, do you have any more economically illiterate comments to share with us?
Some mistake surely No Longer. Tis Mr Wat Tyler who had a bit to say about government in 1381.
http://www.historic-uk.com/HistoryUK/England-History/WatTyler.htm
@25
Dear idiot – “british jobs”, you mean, factory manufacturing jobs ? ahh… right so we’re now able to compete are we? Who might we sell our goods to? The.. er..
We do have a strong manufacturing sector – but it’s high technology and pharmaceuticals, not factory production lines and sawmills – this is the problem with your idea; you’re unlikely to be a profitable addition.
of course it is you retard
capitalism is not perfect but it is better than being controlled by a bunch of Scottish twats and their schoolchild policies
Where have you been?
This bunch of Scottish twats are the front for pure capitalism and unfettered greed.
So capitalism is great is it\/
\tell the British and American taxpayers that as they fork out trillions to the arch purveyors.
Look what socialism has done Hoon.
What socialism?
We haven’t had it here for years.
Anyway who says that socialism is the only alternative to unfettered capitalist greed.?
We are watching a widening gap between rich and poor.
A bit of narrowing please.
If it takes ’socialism’ so be it.
I reckon it just takes a bit of fairness and economic justice.
Sating your Envy kills people by creating REAL (not relative) poverty.
Look what Thatcherism has done Hoon.
All of the problems this country is facing, energy, Europe, greed, house hyper-inflation due to lack of house building and abuse of credit can all be traced directly to Thatcher’s door.
But to be fair to her, despite the myth of her dominance she was in reality just the front woman, and was completely abused and eventually assassinated by her fellow Conservatives.
What a shower!
You could not hang tories because they have no spine for the rope to grip and snap.
We will have to come up with another method to exterminate the dogs.
Do they get to vote for their PM? lucky fuckers, ours just waltzed in after Tone “there’s no deal and never has been” B-liar hopped of the visible gravy train.
The BBC were particularly keen to “report” that neither Congress or the BJP would get a large enough vote to form even a minority government and would in fact be replaced by a coalition of minority parties. The BBC may have been hoping for that result but this student of Indian affairs is glad that the Indian government will continue to pursue its pro-US and quietly pro-Israel agenda. India and Israel are on the front line of the great war of the 21st Century and need each others help.
Hardly on the verge of power. In 2004 the United Progressive Alliance (led by Congress) secured 222 seats. The CPI-backed Left Front had 59 MPs. It’s also worth noting one component of the UPA now is the Socialist Unity Centre of India, a self-described hardcore Marxist-Leninist organisation.
Seems to me the ghost of Marx is very much abroad on the sub-continent.
and the Communists appear to have taken a beating in West Bengal because of their aggressive support of private companies which pissed off rural voters.
where’s the rest of the seats? surely, if you take into account how many more times India is bigger than the UK they should have around 50 or 60 thousand MPs all at the expense of the taxpayer.
Wey hey! Jags and Rangies will be cheaper….. won’t they……?
“Globalisation” is a way for the New World Order to destroy whole economies at whim, and it’s working very nicely so far. Bankers and politicians, who work hand in hand, have stolen our money.
Globalisation is another word for Communism, and thus complete opposite to freedom and democracy – concepts that New World Order proponents such as New Labour oppose and have shown they oppose. How many promised votes New Labour refuse to hold, how many fraudsters they protect within their party, protecting drink and drug drivers who drive under the speed limit, protecting burglars, protecting muggers.
Globalisation = Communism
War = peace
etc…
Globalisation = FREEDOM (of association, of travel) and anything else is immoral.
Britain just needs to get rid of the “welfare” state (which we should anyway) to get the best immigrants, not the worst.
It’s British socialism that causes British economic problems. To join the world in continued economic growth, we need to keep the marxist priesthood away from our fundamental rights (freedom of association).
‘Britain just needs to get rid of the “welfare” state (which we should anyway) to get the best immigrants, not the worst.’
How about getting no more immigrants – full stop. Post-industrial nations do not require vast armies of workers, yet foolishly we have the largest work force in this country’s entire history. There is never going to be anywhere near enough jobs to go round, to think otherwise is simply fooling yourself.
Cheep labour or new voters are the only reasons immigrants are ‘needed’ in this country i.e. not at all.
i like India
i like chinese as well although i’m not too taken with kebabs.
Dollar index going down to 40 imo.They can’t admit Keynesianism is ‘emperor has no clothes’ crap so it’s inflation all the way.
Even Saint Obama has warned against unsustainable debts.
Are you listening Gordon?
*
THEY ARE CONVERTING EXCESS PAPER CURRANTSEA INTO GOLD BONDS AND GOLD KOYNS AND FLOGGING THE KOYNS TO THE SUKKERS AT $1000 PER DROP IN THE OCEAN BLUE
AND PUMPING UP THE PRICE OF GOLD IN INDIA
WEALTH CREATION
INIT
Congratulations, you have received an “A” in your English language GCSE.
Please find below my suggestion for fixing Britain ’s economy. Instead of giving billions of pounds to banks that will squander the money on lavish parties and unearned bonuses, use the following plan. You can call it the Patriotic Retirement Plan:
There are about 20 million people over 50 in the work force. – Pay them £1 million apiece severance for early retirement with the following stipulations:
1) They MUST retire. Twenty million job openings – Unemployment fixed .
2) They MUST buy a new British CAR. Twenty million cars ordered – Auto Industry fixed.
3) They MUST either buy a house or pay off their mortgage – Housing Crisis fixed.
4) They must send their kids to school / college /university – Crime rate fixed
5) Buy £50 of alcohol / tobacco a week there’s your money back in duty / tax etc
It can’t get any easier than that!
P.S. If more money is needed , have all members of parliament pay back their falsely claimed expenses and second home allowances
Also:
They must visit lapdancing establishments on Mondays, Wednesdays, Fridays, and Saturdays.
They must force their daughters to work in lapdancing clubs, unless their daughters are ugly or fat.
The must by lottery tickets.
They must dress in the latest fashions bought in selfridges.
They must eat 6 boxes of Crunchky Nut Cornflakes everyday.
You forgot the forego a state pension bit as well,f
Sounds all very National Socialist to me.
1) They MUST retire. Twenty million job openings – Unemployment fixed
No. 20 million unemployables in jobs they cannot perform.
Pretty much what Sir Oswald Mosley said in 1932.
Rubbish. I remember as a lad when everyone thought the Japanese were taking over the world and American technology companies were written off. Now America totally dominates computing and the internet with Google, Apple, Microsoft, Dell, Adobe, Oracle, Facebook, Twitter, WordPress etc. It might say Made in China/India on the box but it was created in America and American’s importance in the world is only going to increase when it has such control of the most important technologies
Yes agreed … BUT its all shipped over here in containers and, as you say, “Made in China”
How are we supposed to pay for it anyway?
USA
best country in the world
UK
sweaty shithole
Harsh but fair
PS
Socialism never did nuffink for anyone
except the wan’ers that work in Local Gov.
LESS GOVERNMENT LOWER TAXES MORE FREEDOM MORE CIVIC RESPONSIBILITY
*
IT IS SAD SACK IN BHAHGHAHDHAHD THAT IS DOING ALL THE SWEATING SUKKA
ASTA
The “end of capitalism” is plain silly. Adam Smith is our man, born in our island home, whose theories need apply nowhere but here to be of value.
Bring in alien ideas – das this and das that – and what do you have – a petrol bomb or two, a cock-sparrow on a campus dung-hill, even a petty crook like Derek Hatton of long ago….
Let us have a system that is not in thrall to the United States, not in hock to crooked bankers overseas, not riddled with agents of influence from foreign goverments, and perhaps we might once more find our “greatness.”
Until then, we have globalists who will sell out the little guy for their own chance to be aboard yacht with Mandelson, and all those enemies sailing close aboard our English shores….
Indian success has been bought at the cost of hundreds of thousands of British skilled jobs. The IT sector has particularly badly hit. The lives of many have been destroyed. It is not the case that they can easily ‘go and do something else’ as employers will not take them especially for someone over forty.
Skills are going to waste. People are going to waste. Young people have little reason to gain skills if they see those that worked hard to gain them are thrown away like this. It also means there is less tax paid and hence less pension contributions made to keep everyone.
It is long-term economic madness to allow this.
Our IT sector sucks, having surly sex offenders screw up your exchange upgrade for the 5 time running while running torrent trackers from the DMZ is a recipe for getting in some nice polite Indians to run it 24/7 without leaving bottles of vodka in the bin.
And don’t even get me started on the legions of ‘programmers’ who can do little more than bang their faces on the keyboard until the bug magically goes away. Or the piss poor project management bimbos who can’t even state a requirement unambiguously, never mind put in place a process to verify its completion. Might as well get your cut and shut software clusterfuck implemented in a Bombay accent.
Calm down dear!
capitalism sez
cheaper = better
Tell that to Toyota
so there are squillions of call centre operatives standing beside the manufacturing industry in the job centre, at least they won’t be phoning me up at all hours to see if I want new car insurance.
I had that Russian meerkat on the phone, told him to fuck off or I’d set Churchill the dog on him.
Now who thinks the minimum wage is a good thing? It’s always seemed obvious to me that if you have to pay your cleaning staff more than a skilled tradesperson in another country then you’re doomed. Our coal was to expensive to produce so the mines closed, now Mrs Mop gets minimum wage, the price of fags and cheap wine jumps to keep up with her pay and soon we’re more expensive than our competetors. Jobs lost
bob,
you are fooling yourself with your silly thinking.
if the minimum wage had not been introduced there would have been blood on the streets.
probably yours you fucking c’unt.
take you bob, you offer very little, if any value to this place.
indeed, following the capitalist model, a cripple like you should be charged to visit this place and to post your imbecilic comments. yes, what a good idea.
how much do you think a retard like you should be forced to pay to come to order-order?
ten pounds, twenty or thirty pounds a month.
you would pay it as well you dick.
how do you like those apples bob?
straight as a die me
lend us a tenner
Capitalism is still the greatest way for humanity to raise standards of living and reduce poverty.
And just really have you had your head this past couple of years?…shame on you. You think anythings changed…enlighten me with that rather all encompassing statement
have you not just watched the rich (bankers) and their friends defraud your average joe
You’re right, because we’re going through a recession we should immediately adopt communism and return to the halycon days of the USSR.
We have to presume the bankers “friends”are this current lab govmt who failed to control the banks properly
sorry….i thought it was the labour government that “lost” all our money….then pinned the blame on the bankers
please refrain from putting the word sorry & labour government in the same sentance
Even if it’s ‘this sorry Labour government’ … ?
anyone fancy a Jag? cheap as chips £30K or the whole company for a rupee.
done? I have been.
Shit
My dad is PM of India
Manmohan Singh is one great leader. He leaves the Chinese warbling around trying to make friends. I reckon his next move will be to source uranium from Australia for cleaner power. A great man and a great leader.
Just what you would expect from a Sikh – good people.
Sikh++
–Islam
Lets see the relative econmies of Indian civilisation via Islam in 20 years time.
Middle East = Africa v2.
I’ve always said Capitalism’s just the ticket
Britain is on a one way slippy slope into a third world shithole.
The productive indiginous population is being outfucked by everyone else.
The film ‘ Idiocracy’ is bang on the money.
Do you want fries with that?
It always struck me in the 60s (you may not be of an age to recall it), when the FO liked to say their role was now to ‘manage decline’, nobody ever said how far the decline was supposed to go.
Or, indeed, if it was supposed to stop at all…
I do hope Guido isn’t trying to suggest that India is corruption free. World rank is 67 for corruption (1 is least corrupt) and 48 for democracy (1 is most democratic).
What position are we in?
Trousers around the ankles getting fucked by the EU.
Do we score 69 (ing europe?).
They’re going to need help building the infrastructure up before they have any chance of becoming a superpower.
Let’s volunteer the worst offending MP’s to go dig the roads and lay the railways.
I know it’s hot but hey – if you can’t stand the heat etc
_+_+_+_+_+ BACK THE SUN CAMPAIGN TO GET RID OF BROWN+_+_+_+_+_+_
http://www.thesun.co.uk/sol/homepage/news/article2434097.ece
I BET THIS CARRIES MORE WEIGHT THAN ANY PETITION
Amazingly the Mirror still try to feebly back Brown.
Strange. Up to now the Sun for the past year has struck me as fence sitting. Having backed Bliar and Newliars (It was the Sun that won it) they have seemed strangely reticent to tap into their core readers concerns when it comes to politics.
Today front banner (on the net at least) calling for a General Election now.
This is a milestone as effectively the Sun is now publically confirming that it’s support for NewLiars is at an end.
Why would they do this? Do they have inside information on what’s about to happen so that they can then proclaim It was the Sun that made them or have they just come to their senses and realised what most of us known for some time and that is as a project NewLabour has failed this country miserably.
The Sun likes to think and probably has huge influence amongst us, the great unwashed so this could be major news.
Murdoch simply wants to be seen to have backed the winner so that he can behave as if the government owe him.
O/T I see that scumbag Ben Chapman is bleating that his scam predates the FoI Act so shouldn’t be published.He is “distressed.”I really believe that the police need to deal with this one.Blatent fraud on the rest of us.
Sounds a bit desperate to me, as if there was that niggling little fear that capitalism’s days were finished. Comfort yourself with this – feudalism went, so capitalism will go too. But not just yet.
And what will replace it?
Well, when feudalism was at its height did anyone say, ‘With an industrial society in which the means of production are owned by a minority to which the majority sells its labour’? How can we know what will come but it will clearly be an advance on what we have now, just as capitalism was an advance on feudalism.
I’m with Cato on this one. Keen student of 17th century history will know that those who lived at the end of the middle ages were totally unable to grasp the nature of the enormous systemic changes that were to come. In fact, they consistently misinterpreted the signs of the emerging new order as symptoms of the decay of the old one. This is pretty much where we are now, I think; we cannot yet see how the pieces (including the internet and the decentralisation of knowledge, which has played such a critical role in the undermining of the current ‘government’) will fit together. Don’t worry dear, it will look altogether more logical to future historians.
Capitalism is normal widespread free human interaction with a few rules; socialism is the imposition of widespread rules to distort normal human free interaction.
Socialism rewards by input, capitalism by output. You can spot a subscriber to the former by their mantra “I work very hard so I should be entitled to the same sized house as you.”
Socialism is trickle down.
Capitalism is trickle up.
And whats more enforced payments by the poor bloody taxpayer of billions of pounds to make sure it does trickle up too!!
I just want it to trickle nicely, very gently, down hill to make up for past inequalities of the last couple of decades.
Trickle down your leg maybe
Mcsnotty pisspants the one eyed gurner of ‘youtube’ fame will still hand over millions of our pounds to India even though we barely have 2 brass buttons left.
And they will divert it to…, is it Nuclear Weapons or their Space Program which has the upper hand this year?
Socialism In One Easy Lesson
Great news for British Employment,soon we’ll all be working in out-sourced Indian call-centres calling ourselves Dilip and Soraya while irate Indian punters mutter “If you can’t speak proper bloody Indian matey boy I’m changing to a bank that employs local labour”.
And anyone who thinks “New Labour” is anything remotely connected to socialism hasn’t been paying attention,we’re all only too aware what it’s all about now.
Won’t be long now before Indian newspapers report what’s going on here as “Typical Third World Corruption”.
Brown should be strung up from the nearest lamp postand Sarah advised to make to sure she puts her knickers on every day to avoid the embarrassing legacy of Mussolini’s shag.
My experience of investing in India is they will welcome your money but you will never get a penny back – they will not let you take it out. So the only way you can cash your rupees is by trading them for something with forex value, like overseas royalties for Bollywood films – highly risky! Furthermore if you have any IP they will copy it and then shove you out. Infrastructure does not get built due to huge bureaucracy and multiple layers of corruption. Also major works to improve public health – eg water and sanitation, are non-starters as middle classes don’t want to pay for the untouchables who they believe will get their just rewards in their next lives through karma. Not sure it is a model of capitalism for the 21st century.
so what’s your point?
Perhaps the Indians will have the same experience as us – a minority making a great deal and the rest making very little.
It would suit a caste system very well.
Loved the post earlier about the similarities of Feudalism and Capitalism.
Attitudes change so slowly – wonder how much better our country could be if the elite could get over the embarrassment of the Norman Conquest.
They still hang on to their wealth by doing everybody else down…..
I do not believe capitalism in its proper sense ever goes. It’s an individual thing and entrepreneurs have existed either legally or illegally in even the most socialist of societies.
Our own government likes to play both sides of the argument. To its core vote it is socialist. To wealth creators it is light on regulation and happy to let wealth flourish
The trouble is,they have been very selective – wealth creators are not just billionaires but include lots of us. We are however punished for not making enough profits to join the elite, nor be useless enough to not work at all,or have a state created job.
We fund both ends of the spectrum. We can’t choose to live abroad and avoid the problem but we are deemed too wealthy to get any state support,so we get clobbered so the extremes can flourish.
The same mixed message corrupts law making-it’s written to satisfy both the above positions,so it is often impossible to interpret or apply properly.
I would welcome a shift towards capitalism provided the state does not interfere as much as it does now.
entrepreneurs have existed either legally or illegally in even the most socialist of societies.
There tend to be more prostitutes in socialist societies. The Soviet Union was teeming with them.
KGB entrapment agents you mean?
Now they’re all in Streatham.
Good to see that a Cambridge man is in charge of India.
While we have a University of Edinburgh man in charge of England.
i wasn’t aware of a university in Edinburg, i new there was a zoo
i wasn’t aware of a university in Edinburg, i knew there was a zoo
See 13 above
The 19th century was the century of the English, the 20th was the century of the Americans and the 21st will be the century of the Chinese.
All societies are capitalistic by nature. The question is who controls the capitalism? Will it be the individual or the government?
If the government controls it, it’s called fascism, which is pretty close to the system we have now.
Blair thought socialism was best left to fantasists.
He was right.
BREAKING NEWS
DOWNING STREET : PM WILL SUPPORT THE WILL OF THE HOUSE OVER THE SPEAKER.
Well theres support for you, bye bye fat hoon.
too scared that his own access to the trough will be cut off…. Hoon
Gordon fails as a Car salesman.
Ford, Fiat and Honda have pulled out of his scrappage scheme because he is trying to stuff them with the VAT
http://news.sky.com/skynews/Home/Business/Car-Scrappage-Scheme-From-Government-And-Manufacturers-To-Kick-Start-Car-Industry-Begins/Article/200905315283605?lpos=Business_Carousel_Region_2&lid=ARTICLE_15283605_Car_Scrappage_Scheme_From_Government_And_Manufacturers_To_Kick_Start_Car_Industry_Begins
SHOCK HORROR…….Brown takes with one hand what he’s already taken with the other whilst telling you that it’s a give away. fucking Hoon
that’s pretty cool, every time i type the word Hoon in the magic of sibreiaspace changes it to hoon. fucking tops. Hoon Hoon Hoon Hoon
this is cool, everytime i type the word Hoon in, the magicof siberiaspace changes it into hoon. now that’s magic. Hoon
Oh Guido! You’re so funny. It’s the way you tell ‘em.
How long before we have some Hoon in a turban as prime minister?
Can’t be any worse than David Cameron
OT
But Gordoom’s on the box championing Englands 2018 World Cup bid, that’s that bu99ered then.
Oh NO!
Gordon has just started his endorsement speech for the 2018 World Cup – ‘it is the RIGHT thing to do’
Well that’s my bet fucked.
He’s just made Beckham look witty and intelligent
did he say within the rules?
You silly hoons, Gordon has strapped a load of semtex to himself and will go kaboom if his grasp on the precious is threatened much more.
Tra laa!
Hear hear! Capitalism is the only moral way to trade. JD.
Capitalism as we now see it.
Ditto for here
From one of Reagan’s finance ministers now somewhat reformed having seen what unfettered capitalist greed does to nations, communities and people.
http://www.rense.com/general85/robwho.htm
This what some of you want?
I don’t. I am sick of being designated serf or peasant and bled for what little I have.
Aye, another day of slavery toiling on the internet.
Socialism is GREED in action to sate socialist ENVY.
2 Deadly sins.
100 million murdered by the state.
EU headquarters on fire, Guido have you been playing with matches again?
Fire in the Press room. Too much hot air for Mark Mardell?
Following a thorough inspection of the site we have established that the blaze was started by a pair of Gordon’s pants.
David Cameron’s expense claims are larger than most.
However he launders most of his claims through a mortgage, which has the added advantage of giving him a nice slug of capital to play with.
He used to bung the capital raised, about £400,000 through a fund of funds hedge fund.
Unfortunately said fund of funds hedge fund has gone belly up, could it have been Merebis Capital Management? Merebis went down in October 2008, two months after the Lehman’s meltdown and subsequent release of a giant financial toxic plume?
Maybe the fund of funds was invested in Madoff or Stansford expecting 12-15%, a nice arbitrage bringing in £48,000 per year. That’s more than double you could get from traipsing around John Lewis buying Repro or Modern furniture and such. It all seemed brilliant at the time, but now those supposed insiders are really suffering. tee hee.
Tra laa laa!
Correct.
The second home allowance should be means tested. A wealthy person like Cameron does not need to have a taxpayer subsidised mortgage but as you rightly suppose it does release a massive amount of capital for Cameron to invest elsewhere. Little wonder then, that Cameron says MPs should not make a profit on their second homes as he is making the profdit on the capital released by taking on the loan. There’s no flies on our Dave.
“I’ve done nothing wrong, its all in the Green Book (proprietor and editor McMartin, Shriker of this House)
Tra laa!
GF believes in flee speech
The EU building is on fire, has Jonah paid them a visit recently?
Aye! – ye bust’ds twa’!
Ye scemin’ pa’r !
Ye leerin’ dwa’ o’ twastaes!
Ye stemun’ shut’eps
Druzlun ooze,
Ya’ yooslus smeary creepas’
Ya’ tha’ wa fools
Ya’ sol’ ur’ jools
N’ daemp’d’ ar’ nut’nl tris’a
Ye lid’ ‘n plun’d
‘n noo ya’ damm’d
gud ridd’nc!
Fack ye
[Translation :
Yes! – you bastards both (twain), you scheming pair of leering (smarmy patronising grinning loons) twisting politicians, bending and preventing truth from being published abroad, such that all may legitimately know what goes on behind the scenes.
You bring to mind steaming heaps of manure (shit) in a farmyard. Except that is produced by useful animals. Whereas you just ooze a stream of stinking effluent.
You think we (the populace) are fools. You sold (literally and metaphorically) our jewels (national treasure of culture, intellect, money, influence, talent), and you dumped our national bullion stock.
In addition you lied, connived and planned unspeakable acts. And now you’re dammed. Nothing can save you.
So good riddance to you both. It hasn’t been a pleasure to have you here, – either of you.
In the vernacular, – get stuffed!
Commentary :
The poet, sickened by the machinations of this pair that – however obtained and held – represent two of the highest posts in the land – and the Mother of Parliaments – seized by the idea of enjoying his meagre lunch yet full of bile that would prevent him enjoying what he has, – unburdens his anger.
Scottish Shorthand – Brill!
HOORAH THE EU BUILDING IS ON FIRE.
This can only be an act of GOD.
Steady on lad, I dont do political jobs.
does this mean that our daily membership fee willgo up so as to build a new one?
does this mean that our daily membership fee will go up so as to build a new one?
how the fuck did that happen?
Not once – but twice – and, who knows, even more?
It’s the influence of the EU innit?
Not even Guido’s IT department can escape!
DUPLICATION! – it’s what we do
More celebs in the house please!
Why is it that many foreign leaders seem so much more attractive than ours? Where is our Manmohan Singh, our Angela Merkel or our Lula da Silva? Even a Silvio Berlusconi would be more entertaining and probably more competent than our lot. There are some stinkers of course – Kevin Rudd, Sarkozy – and that dodgy American land-speculator who pretends to be black – but usually other countries seem to make better choices than us. Why?
Is this the same Guido who was advising us to vote, among other more sensible suggestions, for the Green Party?
The self-same Green Party who would derail economic liberalisation, curb further deregulation, oppose moves to make the labour market more flexible, and prevent privatisation.
As well as forcing us all to live in caves.
Since there aren’t too many caves around, I guess that means there would be a whole new housing price bubble.
Cave shortage is not a problem for the eco-taliban, since they would cull the population to suit.
There would only be the Toffs such as Sir Jonathon Espie Porritt, 2nd Baronet, Peter Robert Henry Mond, 4th Baron Melchett, and Charles, Prince of Wales, living in castles, and a few plebs to work for them, who would live in the aforementioned caves.
*
*
*
YE ARE ALL CHILDREN OF YHODGOD A DAM AND ABRACADABRAHAM
YE HAVE LESS MORALS AND VIRTUE THAN MY HORSE
FANGS FOR DA SUN TABLOID PLOTLINQK EARLIER ON
*
*
*
The Sun Is A Toerag Publication
THEY WANT GAWDN TO BE LET OFF THE HOOK LINE AND SINGQKUR
Silvio Talli Says
IT WOULD BE MORE AMUSING TO LET HIM STAY IN THE BLAIRCHAIR
UNTIL HE IS COMPLETELY UDDERLY AND TOTALLY
PARALYSED
*
*
*
THE SYSTEM HAS BEEN GEARED UP FOR A FULL TERM
AS PHONY TONY PROMISED THE BANGQKH OF ENGLAND IN EQKSTCHAYNDGJE
FOR A FIFTY YEAR CREDIT NOTE THAT GUARANTEES THE BANGQKHS* CONTINUING EXISTENCE
*
RUSHING TO THE POLLING STATION IS THE SAME THING AS GIVING MORE CREDIT TO PARLIAMENT AS THOSE ANGLOSAXHUN BANGQKHURS IN THE BANQK OF ENGLAND SAY
SHALOM KYBOSHDOSH TRINITRONS
ASTA
ere m8
av u not erd
it is the end of capitalisation innit
ere m8 like i said b4
ave u not eard
this is the end of capitalisation
From where I sit, which is right next to the edge of the Delhi equivalent of the Sarf Circular this can only be good news. Just outside my hotel there are families sleeping under a flyover bridge. Their kids collect refuse and other garbage during the day. They are all dressed in rags. Anything to improve their lives must be welcomed. Wild dogs abound and one of them caught my colleague with a nasty bite the other day. He is now undergoing a course of rabies injections. This city needs a big clean up and capitalism is most likely to achieve this. Also I hope the new government will crack down on car and lorry horns. There is a constant cacophony of very powerful air driven multi-tone horns day and night and it is driving me nuts and depriving me of sleep. Anyway let us hope that Delhi win the 20/20 cricket.
Ian
is this the end of capitalisation?
good
This Rhyme Is Ten Years Old
THE END IS NIGH
SAID THE PROPHET OF DOOM,
NIGH MEANS NEAR AND NEAR MEANS SOON
REPENT, AND CHANGE
YOUR WIKKID WAY,
OR GO TO THE DEVIL
ON
DGJUDGJEMENT DAY
Asta
YE HAVE LESS MORALS AND VIRTUE THAN MY WHORES
INIT
M8*
Quit right Greedo.
Just look at how capitalism has eradicated poverty in the U.S., G.B., and other developing nations. All our children are well cared for and educated, and have bright promising futures.
It’s such an obvious solution, make the ruling elite of India even richer and more powerful, they’re bound to pass their ill-gotten gains down to slum level.
Even before the Indian election results were in, the brave Bombay Police were destroying shantytowns with the aim of re-housing the inhabitants in brand new sparkly apartments, with all mod cons.
It’s a crying shame though that just as India prepares itself to be plucked from poverty by capitalism, it seems to have done just the opposite for us.
Jonathon Porritt says they all need culling.
Every family with more than two kids is environmentally undesirable and should be culled, he says.
There is no truth in the rumour that Lady Porritt is expecting the couple’s fourth child.
Of course middle-class elite like Guido would be celebrating. After all, who will be taking over India through the privatisation programmes? UK and American companies no less. It’s simply a new form of colonialism.
*
PLUQKED IS WOT INDIA IS GOING TO BE
WELL AND TRULY PLUCKED
Capitalism is fucked; and you know it Guido…
Fucking delicious!
Indians don’t give a fuck about poverty, apart from the Indians that live in poverty.
*
HARROWING STORIES OFPOVERTY~STRICKEN INDIANS LIVING IN LESTER
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EVERY DAY FROM 7AM GMT UNTIL HAI NOON
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