UK double dip recession inevitable

[TW]Fox;20677459 said:
Don't worry, Occupy LSX will save us.
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Quite. As soon as we implement their something else to fix this thing that doesn't work everything will be equal for everybody and we will all live happily together.




... IN CLOUD-CUCKOO LAND.
 
It's laughable that everyone thinks the world is coming to an end. Usually when you see people holding those signs you walk straight past them shaking you head at their foolishness. However, it seems that when it comes to finance Joe Public thinks it's a perfectly acceptable, nay inevitable idea! Wtf!

Well that's fine I suppose, let the sheep think the world's ending. Then when everything goes back to normal they'll wonder what happened... for a few minutes and then their 5 minute memory span will kick it and it's back to eating grass again.
 
What do people expect, you can't have infinite growth, the system is flawed because it only works well in the growing phase, no one wants to come up with something better when that stops, things are usually left until it's too late or theres a major disaster, so things will probably stagnate and eventually fail, unless we get lucky again with technology or some serious action is taken to change the system.
 
v0n said:
Lower VAT to 15% for five years, freeze fuel duty to maintain prices at £1.20 for petrol and £1.10 for diesel. Suspend all road tolls in the country. Impose public transport price freeze where cost per mile of train journey cannot cost more than equivalent travel in 40 mpg car. Nationalise channel tunnel and price all crossings at £10. Any train company to organize cheap truck-over-rail policy gets to keep 100% money from those tickets tax free. Foreign trucks and spedition from outside of EU from today must buy road use permit at £500 a month (different colour every month) they must display at all times.

Anyone currently on benefits for more than 12 months and without disability gets bright yellow jumpsuit and must join Benefit Payback programme. We are going to get you to sweep public roads, clean council parks, paint NHS walls and fences, wash sheets in elderly care homes, anything that will help us fill several billion large hole in finances. Or you find a job. We'll lower business tax for anyone who employs you from the benefit pool and keeps you for 12 months. Prisoners will now work for their "luxuries". If you have to press registration plates or do hospital laundry to keep your TVs and playstations - so be it. In addition, let's rejiggle few things - no more child benefits - breeding shouldn't be a way to improve your lifestyle. Instead anyone who doesn't cause burden on public finances - households over 40 that choose not to have kids, get that money instead. If you don't use NHS for a year, don't use public schools, don't claim fuel allowance or anything else - you'll get 2% tax rebate at the end of financial year.

This should jump start consumer side of economy, no?
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So basically you wish to institute a form of slavery upon people? I lose my job in an area of deprivation, have to go on the dole whilst I seek work, cannot find it and thus have to spend my days wearing a jumpsuit and doing menial tasks, leaving me no time to find a job. Of course businesses would be sympathetic and offer me a way out rather than knowing such people would have to take anything over what they currently had....

As for no more child benefits, are you insane? So what happens to the families that cannot fund themselves due to work shortages, change in mortgage rates etc?

Not to mention the long term implication of people not bothering to have children. For an example, look at Italy.

So much wrong with this. :/
 
Cuchulain said:
Imagine you have £10 in circulation, a sandwich costs £1, you decide to print another £10, the value (and subsequent cost) of that sandwich then increases to £2, so you've gained nothing.
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Why should the cost of things rise though?
 
Vonhelmet said:
Who do you pay the £10 to? If their time values in price but their output doesn't then you are de-valuing the money you are paying them.
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Value should really be worked out by some sort of formula and stay that way, something like materials + energy/work + time + knowledge/science/R&D + profit.

A lot of problems come from greed and unfair wealth distribution, only allowing a certain percent of profit from something would be a good idea, stopping stuff like supply and demand, shares and keeping debt in check would also help.
 
Radiation said:
Value should really be worked out by some sort of formula and stay that way, something like materials + energy/work + time + knowledge/science/R&D + profit.

A lot of problems come from greed and unfair wealth distribution, only allowing a certain percent of profit from something would be a good idea, stopping stuff like supply and demand, shares and keeping debt in check would also help.
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So value shouldn't change as demand or supply changes?

What determines the price of the materials/energy/work and time?

What determines the price of knowledge?
 
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Basher said:
So value shouldn't change as demand or supply changes?
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No, why should it?

Just because something is in limited supply doesn't mean it should cost a lot more, perhaps some tiny percent increase is reasonable but beyond that it's take more than reasonable, if it runs out it runs out, all that happens otherwise is an unfair distribution of wealth, meaning someone loses out, spends less elsewhere in the economy and as a result the economy doesn't do as much good.

What determines the price of the materials/energy/work and time?

What determines the price of knowledge?
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That would have to be worked out to some true form of value, requires an understanding of many variables.
 
Radiation said:
No, why should it?

Just because something is in limited supply doesn't mean it should cost a lot more, perhaps some tiny percent increase is reasonable but beyond that it's take more than reasonable, if it runs out it runs out, all that happens otherwise is an unfair distribution of wealth, meaning someone loses out, spends less elsewhere in the economy and as a result the economy doesn't do as much good.



That would have to be worked out to some true form of value, requires an understanding of many variables.
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communist! run while you can..
 
Radiation said:
No, why should it?

Just because something is in limited supply doesn't mean it should cost a lot more, perhaps some tiny percent increase is reasonable but beyond that it's take more than reasonable, if it runs out it runs out, all that happens otherwise is an unfair distribution of wealth, meaning someone loses out, spends less elsewhere in the economy and as a result the economy doesn't do as much good.
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Why should I sell something for less than I could possibly get?
 
Radiation said:
That would have to be worked out to some true form of value, requires an understanding of many variables.
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Explain to me how you would determine the value of 3grams of gold. Would this chance per dya, per week, per year?

What variables would you need? How would this compare to the cost of silver?
 
i imagine 3g of gold is actually completely worthless to most humans. Its only because we perceive it as worth something that it is, unless you are into manufacturing electronics ?
 
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