Coventry North East

[seagull]

Compared to the Nellist vision of Britain I would still favour the situation we are in, tragic though it is.

But the market economy was all an illusion. We sold everything off on the cheap and an economy that was built on credit. We as you say are in a tragic situation

[rjt]

But the market economy was all an illusion. We sold everything off on the cheap and an economy that was built on credit. We as you say are in a tragic situation

Oh poppycock

[seagull]

Oh poppycock

So are you saying the economy is not built on Credit then. The market economy. Yes its wonderfull built on slave
labour from the developing world. No wonder the UK could not compete.

[rjt]

So are you saying the economy is not built on Credit then. The market economy. Yes its wonderfull built on slave
labour from the developing world. No wonder the UK could not compete.

The economy had to change from an unproductive manufacturing base to a service based economy, industrys had to be sold off to repay debt after we had to go cap in hand to the IMF, the top rate of tax was 98% 60% tax was the norm.

The present crisis was caused by another Labour government failing to save when it had the chance.

[Remington Steele]

The economy had to change from an unproductive manufacturing base to a service based economy, industrys had to be sold off to repay debt after we had to go cap in hand to the IMF, the top rate of tax was 98% 60% tax was the norm.

The present crisis was caused by another Labour government failing to save when it had the chance.

The economy has become much more globalised since the advent of cheap air freight and greater choice of shipping, countries and the growth of consumerism since the 1960's. The economy did NOT have to change from a manufacturing-based economy to a service-based economy, however the advent of globalisation has meant that goods can be sourced at lower costs from certain countries.

Relying on other countries for most of the goods that can be produced in this country means that fluctuations in exhange rates, foreign government legislation, foreign taxation etc all affect the products that we purchase. We cannot manufacture our way out of recessions, or produce the goods that we need. The skilled people who could manufacture these goods go to other more favourable countries to manufacture their goods.

This economy is built on credit. Get a credit card and buy the latest fad. Get a store card and purchase a new fridge/cooker/expensive do da. Get finance and buy a new car. Get a mortgage and pay over the odds for a house that really isn't worth it.

On your last point, you will find that it does not matter which Party was in power during the recent banking crisis. The big three (aka the Oligarchy Party) has always been there to represent Big Business. They pull the strings. Not Darling, Cable or Osbourne. Just the same puppeteers, with different strings.

[paralreg]

The economy had to change from an unproductive manufacturing base to a service based economy, industrys had to be sold off to repay debt after we had to go cap in hand to the IMF, the top rate of tax was 98% 60% tax was the norm.

The present crisis was caused by another Labour government failing to save when it had the chance.

If you have no industry, therefore no industrial workers, then all workers must be in service industries. But what are they servicing? The unemployed?

[seagull]

The Socialists are now contesting all three seats in Coventry. They are also standing for all 18 council seats. It will be very interesting to see what vote they get.

[rjt]

If you have no industry, therefore no industrial workers, then all workers must be in service industries. But what are they servicing? The unemployed?

Industry is only of use if it is productive and can be run without huge subisdys.

[seagull]

Quite shocked how badly Nellist did here.

[Village Idiot]

Quite shocked how badly Nellist did here.

Why so? It's about what he normally gets. Also it's above average what leftist candidates tend to get.