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Thread: The Austerity Spiral? (obligatory loleconomics thread)

  1. #1381
    felix-arb's Avatar
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    been watching a grand designs from 2003

    guy got lent 750k from his bank to build a house... he was a carpenter.


    love to see that happen these days lol

  2. #1382
    Donor lt's Avatar
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    Quote Originally Posted by Sirial Soulfly View Post
    Quote Originally Posted by Pattern View Post
    LoL. The UK just had it credit ratings downgraded.

    Sent from my HTC One X using Tapatalk 2
    More here:

    http://www.zerohedge.com/news/egan-j...rades-uk-aa-aa
    Wow, didn't think my country's debt was that big tbh (overall, state debt doesn't seem that bad).
    Coming soon(tm).


    <3 Entrox.

  3. #1383
    GeromeDoutrande's Avatar
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    UK government debt as a percentage of GDP (other countries can be added in the menu on the left of the page for comparison):

    http://www.google.co.uk/publicdata/e...l=en&ind=false

  4. #1384

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    Quote Originally Posted by Sirial Soulfly View Post
    Quote Originally Posted by Pattern View Post
    LoL. The UK just had it credit ratings downgraded.
    More here:

    http://www.zerohedge.com/news/egan-j...rades-uk-aa-aa
    Oh no, a ratings agency that's being prosecuted for material misrepresentation has downgraded the UK. I'm sure all of maybe 3 people outside the Labour party will care.

  5. #1385

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    So despite government austerity govt debt as a proportion of GDP is going up? But the solution is more austerity? If people believe that then I'd like to talk to them about a business opportunity I have with my Nigerian cousin

  6. #1386
    Donor Pattern's Avatar
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    Quote Originally Posted by GeromeDoutrande View Post
    UK government debt as a percentage of GDP (other countries can be added in the menu on the left of the page for comparison):

    http://www.google.co.uk/publicdata/e...l=en&ind=false
    A normal personal might conclude that recessions/depressions are bad for reducing debt....

  7. #1387
    punkboy101's Avatar
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    It seems that some companies have come up with the perfect solution to cut cost's and increase profits.

    http://www.guardian.co.uk/uk/2012/ju...ant-unemployed

    It's not that I'm against people on benefits having to do a little volunteer work for their dole, but the fact that these people worked for a private company and didn't get paid is beyond unacceptable. Why should private corporation's, who no doubt get paid a significant chunk of cash for these things, be able to use what is effectively slave labor.
    yes, I am Le terribad at BF3


  8. #1388

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    Quote Originally Posted by Chrien View Post
    So despite government austerity govt debt as a proportion of GDP is going up? But the solution is more austerity? If people believe that then I'd like to talk to them about a business opportunity I have with my Nigerian cousin
    Our debt to GDP ratio was heading upwards before the 2010 election. Indeed, the last budget before the election had us running at a deficit of 10% of GDP. It's not feasible to bring that deficit down inside of one budget period (i.e. one year), so it's being reduce piecemeal. The current argument in the UK isn't whether cuts should be made, it's about how many cuts should be made.

  9. #1389
    Sykes's Avatar
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    Quote Originally Posted by punkboy101 View Post
    It seems that some companies have come up with the perfect solution to cut cost's and increase profits.

    http://www.guardian.co.uk/uk/2012/ju...ant-unemployed

    It's not that I'm against people on benefits having to do a little volunteer work for their dole, but the fact that these people worked for a private company and didn't get paid is beyond unacceptable. Why should private corporation's, who no doubt get paid a significant chunk of cash for these things, be able to use what is effectively slave labor.
    It's not just that they were working for free 'or else' but that the dodgy company in question also neglected to organise adequate accommodation for them and left them to sleep under a bridge in the pissing rain, failed to provide basic sanitation etc.

  10. #1390
    Sykes's Avatar
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    What's that song say about 'Britons never ever ever' being slaves?

    Who says irony is dead ...

  11. #1391
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    Quote Originally Posted by Sykes View Post
    What's that song say about 'Britons never ever ever' being slaves?

    Who says irony is dead ...
    They could have left at any point but they stayed to keep their benefit.

    Unpaid work by jobseekers has questionable net benefits for the economy, but its not slavery.

  12. #1392
    punkboy101's Avatar
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    Quote Originally Posted by Aurora148 View Post
    Quote Originally Posted by Sykes View Post
    What's that song say about 'Britons never ever ever' being slaves?

    Who says irony is dead ...
    They could have left at any point but they stayed to keep their benefit.

    Unpaid work by jobseekers has questionable net benefits for the economy, but its not slavery.
    I have no problem with people being asked to do work for the local council/government one or two days a week to keep their benefits. However expected to work for a private company that is charging the government for your services whilst you get fuck all is shitty, being told to sleep outside without providing tents/sleeping bags, food or access to a shitter/somewhere to change certainly isn't how anyone should be treated. How would you feel if this had happened to you or you're mum/dad/brother/sister/GF?best mate? I'd be pretty pissed personally.

    As for leaving, you've been bused into central London from 4 hours away at 3 AM, trains and bus's aren't running, so what do you do? I suppose you could get a taxi which I'm sure is perfectly affordable to someone on the (soon to be lost for leaving) dole.
    yes, I am Le terribad at BF3


  13. #1393
    Aurora148's Avatar
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    Quote Originally Posted by punkboy101 View Post
    Quote Originally Posted by Aurora148 View Post
    Quote Originally Posted by Sykes View Post
    What's that song say about 'Britons never ever ever' being slaves?

    Who says irony is dead ...
    They could have left at any point but they stayed to keep their benefit.

    Unpaid work by jobseekers has questionable net benefits for the economy, but its not slavery.
    I have no problem with people being asked to do work for the local council/government one or two days a week to keep their benefits. However expected to work for a private company that is charging the government for your services whilst you get fuck all is shitty, being told to sleep outside without providing tents/sleeping bags, food or access to a shitter/somewhere to change certainly isn't how anyone should be treated. How would you feel if this had happened to you or you're mum/dad/brother/sister/GF?best mate? I'd be pretty pissed personally.

    As for leaving, you've been bused into central London from 4 hours away at 3 AM, trains and bus's aren't running, so what do you do? I suppose you could get a taxi which I'm sure is perfectly affordable to someone on the (soon to be lost for leaving) dole.
    Well if the company violated any health and safety or contractual obligations for the shelter and wellbeing of the stewards then they should definitely be prosecuted for it. Apparently they also told the stewards that it would be paid but then changed their minds once they were on the buses; another thing to nail them with.

    Calling it slavery is still just hyperbole.

  14. #1394

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    Would you prefer indentured servitude?

  15. #1395
    Aurora148's Avatar
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    Exploitation.

    It'd be the same if they were paid.

  16. #1396

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    I have no issue with people working to maintain their benefits if they have shown themselves consistently unable to find employment for a prolonged period. I'm even ok with the government paying to have unemployable people given work experience. If the poor babies have to do spend a couple of days in difficult conditions to get a taste of the shit you sometimes have to deal with at work, then I'm OK with that as well.

    What I dislike is the way this allows the companies involved to fill positions without paying anyone, at a time when we need people with purchasing power more than anything else.

  17. #1397

  18. #1398
    walrus's Avatar
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    Shouldnt this thread be named "The Austerity Helix"?

      Spoiler:

    Quote Originally Posted by Tellenta View Post
    walrus isnt a bad poster.
    Quote Originally Posted by cullnean View Post
    also i like walrus.

  19. #1399
    Donor Spawinte's Avatar
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    Golden Dawns solution, slap everybody's shit http://www.bbc.co.uk/news/world-europe-18352258

  20. #1400

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    Quote Originally Posted by Nicholai Pestot View Post
    I have no issue with people working to maintain their benefits if they have shown themselves consistently unable to find employment for a prolonged period. I'm even ok with the government paying to have unemployable people given work experience. If the poor babies have to do spend a couple of days in difficult conditions to get a taste of the shit you sometimes have to deal with at work, then I'm OK with that as well.

    What I dislike is the way this allows the companies involved to fill positions without paying anyone, at a time when we need people with purchasing power more than anything else.
    The other problem is that if you allow companies to use free labour in this manner you're taking work away from the people who would otherwise be doing it.

    Forcing people on benefits to work for free doesn't increase the number of jobs in the economy.

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