@@davidmcculloch8490 Plus 100 people with £1,000 each but 100 washing machines. 1 person with £100,000 might buy four but not 100. Inequality stifles demand.

No, growth is ONLY needed because of the debt based system that means we need growth to pay the interest attached to debt and to counter the inflationary effects of monetary expansion. We shouldn’t be trying to figure out to grow, we should change the system to one not reliant on growth for prosperity.

Gordon Brown's solution to the banking crash was spot on slash VAT and you will get an economic stimulus in the real economy ie ordinary people will spend which creates demand.

@@therealrobertbirchall Agreed. Cut VAT to 15%.

@@stephfoxwell4620 Remove it entirely. Its a TAX on top of a TAX. You pay VAT using money you've already paid 30 odd percent tax on. Its a complete nonsense and was used to pass the tax burden from the 1% to the 99%.

That's an amazing quote!

@@StudentDad-mc3pu William Morris was an amazing man.

@@JohnPurvis-rr3wx A Socialist Revolutionist.

That is brilliant.

, increase the atrocious Brit state pension = More debt. How much debt does it currently have?

You are absolutely

@@adenwellsmith6908 A lot, thanks to the economically illiterate Tories. Start taxing more those that can pay and ensure Brit tax havens are ended. That'll do for a start.

@@229andymon It doesn't work. Start with the basics. The state has a 16 trillion pension debt. So lets work in billions. 16,000 bn just for pensions. Rising at 10% a year. So you tax the top. I asked a socialist worker the same question. They said that's 140 bn. Taking all of their wealth, if you can get it, raises 250 bn. That stops the debt from increasing for 6 weeks. Then what? Look at the Sunday times rich list. How many are British? You won't get it off the non brits. Dyson? He's left. Branson? He's left The newspaper twins? They are in the channel Islands. Now what? You won't be able to get it. Pure and simple. So why not start with the people who stole the wealth and deal with them? The people who hid the debts off the books. That's MPs and top level civil servants. I would start with a short drop. It's going to come to that. The mess is so large that a future government faced with the unthinkable has to make a real example of them. So short drop. All wealth asset stripped. Their kids, they are permantly bankrupted because they inherit the debts their parents created. 4-5 generations of their offspring forced to pay.

@@229andymon So here's another plan. Migrants we put a minimum tax code of 38,500 per adult. That's just break even. That raises billions. Remember the left, they say migrants pay more in than they take out, lets make it a law. No discrimination. No special rules for 97% white EU nationals. All of them. I'd start with deliveroo riders.

Not necessarily Labours state owned GB energy will be what it says: state owned.

​@@RobinHarris-nf4yvbut it will not produce energy

​@@RobinHarris-nf4yv GB energy will be nothing more than a state owned investment vehicle. Literally giving money to private companies.

@@RobinHarris-nf4yv rubbish state ownership your having a laff

Goes under the title Public Private partnerships being rolled out everywhere, public takes the risk and debt while the private takes any profits

What, keyboard warriors?

Not quite true. I know plenty of people of working age who have never worked, don’t want to work, and put nothing back into society. They’re wealth destroyers.

​@@stevejones2310projecting much???

@@sirgaymeerkat1994 I'll give you that!

Correct we are the creators. So the 18% of that income the wealth generators make, and the state takes as NI. Where's that wealth?

There is no evidence that such plans are achievable in theory or practice ========== On the NHS, its a Beveridge system [Same as Medicare]. Bismarck systems are the other sane choice. [CH and NL]. Bismarck systems work, the Beveridge systems don't.

Private public partnerships as they are touted as, the private pockets all the money and the public gets to fund the bill for none existent or working services. It’s a great way to make oodles of money with no risk to yourself as the taxpayer foots the continuing bills.

@@witlesswonderthe2nd883 So is a 30% gross profit margin good?

They will deliver even more of it.

​@adenwellsmith6908 would you rather have Johnson and farage , reece mogg?

@@paulwilson7234 exactly. the russians will be funding the party in opposition now, not the party in government. btw, I wonder whatever happened to the russia report

That's exactly what they're going to do. Tactical/neoliberal voting has led us into dangerous territory.

They have mostly the same policies... And worse policies.

Please don't stop good work we need information on this matter. Thank you

​@@kloot-2084xl the last 5 years should be the best example of how flawed your argument is.a government with an 80 majority who should have been able to do whatever they wanted made an absolute pigs ear of it.they were voted in by only 43% of the voting public.57% did not get anything like what they voted for.

​@@JohnPark-xf2gqYour comment doesn't make sense John. .. If 43 % of voters voted in 2019 the remaining 57% obviously abstained or stayed at home. Therefore, the latter 57% (of the electorate ) did not partake in that election so have no say in it's outcome? .. Claiming the 57% didn't get what they voted for - of course, they didn't partake 🤷

Reform only have 5 seats They aren’t a serious party And Starmer will deliver

@@RobinHarris-nf4yv They only have 5 seats, yes. But they're 2nd behind Labour in a lot of seats. Starmer fails to deliver, reform will win them next time. You wait and see I will be right. Also I'm not a reform supporter if you think I am. I believe they need to be rid of entirely. But currently, that isn't going to happen until the material side of things for people improves.

@@RobinHarris-nf4yvYes, only 5 seats. But… only because of the iniquitous, anti-democratic FPTP system still favoured by the Tories and Labour only because it suits them. In a much fairer PR system, they would have around 90 seats. I wish only failure for Reform and lament their existence, but we can’t ignore the stone cold fact that FPTP is a ridiculous, stupid and fundamentally unfair system of selecting a government.

​@@RobinHarris-nf4yvyou say otherwise in another post. You're all over place. Hardly surprising as you're a Labour sycophant

@@RobinHarris-nf4yv They aren't a party they are a business with Farage as the only shareholder

What do you mean “the civil service is not impressed by labours capacity to govern” Do you have any evidence of this? A = no, you just made it up. And the rest of your comment shows you havent read Labours manifesto, so you are just spewing out uninformed opinion.

​@@RobinHarris-nf4yvhe/she sounds like Jeremy Corbyn. These deluded people brought the LP to its knees numerous times in the past

Labour will nationalise the railways and regulate or nationalise the water and sewerage companies. The opposite of Thatcherism free market policies.

two shills commenting! we'll see what happens, but my bet is you are right and the shills are wrong!!

@@eightiesmusic1984 so basically no change then......

At this point, it's only a semantic difference between the two.

I mean, I only think you have to hear the new cabinet members on the TV and who he's appointed so far to know how different they are.

@@janettetaylor8760 Boris? Is that you?

We all knew this before the election so why did people vote for him????????

​MSM and people desperate to get rid of Conservative unfortunately most couldn't tell you the difference between economic and social each able to represent left or right policy because there is only whatever their favourite usually divisive neoliberal rag tells them to love or hate at that time!

@@doreenhollywood7459Because nobody except Tories believes that shite.

On New Year's Day 2023, we had 19.5 degrees here in Frankfurt, Germany.

Climate change, not global warming. I'm in Scotland it's not 'freezing', but it is a bit chilly and too dry. The weather is erratic everywhere, and extreme. Apparently much if not most of the pollution now is caused by weapons manufacturers, how idiotic can humans be, very, sadly.

Crap.

Most ones get poorer.

@@theotherandrew5540 So where's the 18% of income, real wealth that the workers pay the state for their pension?

@@adenwellsmith6908 to subsidise the top 1% tax breaks.

@@adenwellsmith6908 I didn’t understand your question. Please explain.

Not true

She's a Labour Politician - what do you expect ! Read up on what another Labour Chancellor, Gordon Brown, did to the finances of our Country way back in 1997. Nothing changes where Labour Chancellors are concerned - utterly incompetant doesn't even begin to describe such people !

@@jamesbarbour8400Even if true, they’d have some job on their hands beating who they’ve just replaced for incompetence. How did Trussonomics grab you?

@@229andymon it's not a matter if it's true, it actually is true - it happened. Labour back then were in power for two terms - planty of time to f@#k the Country up at their pleasure - not to mention what the War Criminal, Tony Blair did to the very fabric of this Country with his policies - we're still suffering the consequences of those all these years later. Tories simply carried on to line their own pockets but neglected to roll back Blairs damaging legislation. As for your pathetic attempt at trying to blame Liz Truss for our current economic woes - her policies didn't make it out of the starting gate ! Who ya gonna blame next - the fairies ! ?

​@@229andymon this isn't about "Whataboutism" It's about actually being good for the country so the far right doesn't get a landslide next time (they got 4m votes this time). We need to stop pointing fingers and actually pull our shit together because the dangers are very real.

@@jamesbarbour8400 She is not a 'labour politician; she is an out-and-out conservative in the guise of nu-labour. City trained and city ingrained.

You are absolutely right

Totally agree, we want the positive parts of the economy to grow and bad parts to shrink. I think we should be growth agnostic, at least until we use better measures than GDP.

Economies need energy growth to grow.

@@adamnealis So a more efficient wind turbine that results in less emissions doesn't count as growth?

​​@@RogerHyamwind & solar are flawed concepts in regards to national energy generation. Nuclear Fusion is a far better option..

The major problem is everything has a carbon element to it. .. One cannot have innovation without adding carbon.. .. Trying to separate the two is impossible. even worse, trying to create "net zero" economies ("net zero" is just a marketing term, is not achievable) .. Nothing is truly net zero. .. Sadly our elected representatives are under instructions from flawed ideology, that will just maintain the status quo ( Steadily Increasing inequality).. .. A major but simple economic boost would be to lower VAT to about 15% that would, in an instant, give more people cash in their pockets - to spend in the wider economy. And thus increased tax receipts partially offsetting the tax reduction.

@@keithhooper6123 Angela no brainer Raynor might be good for something - she could set up a knocking shop - she looks like the kind of 'lady' you might see standing about on street corners of an evening. After her 'shift' in the House of Commons obviously. Wonder if that would be considered a second job and the income declared ? Mind you, if you investigate yourself, chances are that no wrong doing will have been found. As wss recently the case surrounding the sale of her former home.......

​@jamesbarbour8400 Rayner selling her services for £20 an hour. Sounds about right

​@@jamesbarbour8400 Might want to keep your fantasies to your self mate.

​​@@jamesbarbour8400nice try James. .. Not sure what Angela's back history has anything to do with her role as an MP.🤷 .. Let's face it, MPs moral standards are pretty low - across all parties . Even if Angela had made a small profit from the sale of her home, it would be dwarfed by the millions saved (on a daily basis) By Tory MPs selling their mansions.. .. TDLR: people see Angela as an easy target because she's come from a working class background. who has managed to elevate her social status (by achieving a high ranking cabinet post) from her working class roots. .. We all know what happens if we elect the privately educated ? .. Just saying., give people a chance to prove themselves, regardless of their background.

_"and a believer in a fairer society I do favour a degree of progressive taxation / redistribution "_ Except that is the complete opposite of fair. Don't you think it is unfair that someone does most of the work in a group assignment and then everybody gets the same grade no matter how much effort they put in, or at all? Just as much unfair, it is to steal money from people who happened to provide more things to the society and get wealthy because of it. If we want to talk about fairness, then everybody pitching in the same amount would be the most fair, i.e. a flat tax rate, regardless how much wealth they would have or generate after that.

Companies simply don't invest in people and want to employ fully trained people so they can save money

Well, he's not proposing tax cuts to the wealthy as the way to salvation.

Liz Truss like? Only maybe Reeves already knows her limitations of being a competent Chancellor as an ex Bank of England employee? Unlike the very idealistic and naive ex PM Truss used to reset UK interest rates. Certainly both her ex employer's as a devolved government department with claimed independence and autonomy, will, with the say so of their global money market head office, decide what this Labour government will be allowed to do and afford. Unfortunately a lot of the electorate still don't get it. Once they do capitalism can be made more accountable and hopefully a fairer system for us all. 5:00

How will labour get a clamp down by the BOE? They haven't done anything... Yet..🤷

@@albasasrobertmitchell5682 Well said, you have a very good grasp of the reality of today's world........

@@larx4074 Thanks. The same thing keeps happening again and again since the 1970s IMF Dennis Healey Labour economic crisis. Our politicians job is to do the national window dressing. The real power is with the financial markets. In my opinion.

Then listen to Murphy's other videos and you can stop gagging

I'm not sure people would buy all that p@!n demonic stuff a second time around..

I didn't hear you shouting that out in the last 14 years.

​@@BillDavies-ej6yeIKR. It's Iike the last 14 years never happened.

@@BillDavies-ej6ye Both party's have the same donors. The donors look at which party is likely to win elections and invest in that party so they (the donors) can have say the party's policies.

I doubt it - he's well known as a flip flop Politician !

So the 18% of income [real wealth] that the state takes as NI and recyles. It's all gone. In its place is negative wealth, debt. How's that going? How are you going to pay your £600,000 share of the state's pension debts? 10% annual rate of increase

I didn't know they had cerebral palsy. Sad. We must hope an improved health service benefits them.

@@BillDavies-ej6ye Sorry! Myself as person with cerebral palsy.

@@Nemo59646 Well, I have no reason to think of Liz Kendall in a negative way. I am hopeful that, slowly, things will improve. Our public sector has been cut repeatedly over the years. I hope that you get the support you need.

@@BillDavies-ej6ye Terrifying language of Starmer’s new minister for the sick & disabled by KernowDamo. kzfaq.info/get/bejne/a7hkhsqc3p3DY6M.html

@@BillDavies-ej6ye kzfaq.info/get/bejne/a7hkhsqc3p3DY6M.html

You need to do some more research. Battery storage is the new base power that will make nuclear uncompetitive at all times including spikes in demand. It's the costliest form of power generation.

​​@@stevejones2310there is not the slightest chance that battery storage will save enough energy to backup wind and solar power. Can you point out even one country relying on batteries for storage? You need to do some research and do so less selectively

@@jonathanspilhaus3165 Spain, Morocco, California, Costa Rica, Norway. Germany is on the way towards net zero. The UK is too, if Luddites don't inhibit the process by obstructing onshore wind, solar farms and grid upgrades. No-one except a few vested interests believe the future is in small modular nuclear or sizewell scale reactors. Ironically, China has the fastest growing renewable electrification program of any country, admittedly from a very coal-dependent base line.

@@stevejones2310 They are not anywhere close to true net zero. True net zero will include the replacement of all combustion powered transport by EVs. In 2022, Germany generated 116.2 billion kWh of energy from lignite coal alone, making up 20.1% of the country's total energy production: This was also an INCREASE on the previous year. So gas, coal and oil backup these renewable grids. Costa Rica produces most of its electricity (79%) from hydropower with less than 1% coming from solar power and 12% from wind. Solar and wind can power up to 15% without recourse to battery storage to mitigate grid instability. However, oil still powers transport in Costa Rica and it produces a substantial amount of oil to do this. Going green is a lot harder than people realize and can do without ad hominem remarks about luddites. Broadly speaking we need a whole range of technologies including nuclear, renewables rather than the simplistic 'only wind, solar and batteries' for all approach that you espouse. Wind and solar will never power a city like Moscow in the depths of winter. Nuclear is expensive, but if implimented continuously, it is cheap. Electricity costs in South Korea and Australia: Australia, September 2023: The price of electricity for households USD 0.274 per kWh. South Korea, June 2022: The price of electricity is 0.093 U.S. Dollar per kWh. So nuclear South Korea pays ONE THIRD what renewables Australia pays. Why is this? I rest my case.

@@jonathanspilhaus3165 good response. I accept all you say. I don't know what the solution is for Moscow, maybe nuclear has a role. For the UK, I am more optimistic that we can at least get the electricity grid 100% renewable, including from interconnectors with countries such as France, Norway and soon maybe Morocco. Regarding EVs, the floodgates will open when affordable Chinese built cars hit the market. I'm more pessimistic about space heating in homes, where there seems no viable alternative to natural gas... Btw, I wasn't accusing you of being a Luddite.

Richard Murphy was a Corbyn advisor, he can’t wait and see, he can’t face the thought somebody might succeed where Corbyn failed

how about we believe what starmer and reeves have told us repeatedly over the last two years about their plans in office?

So what's your criteria for failure?

How about you just dig for yourself. You will see the same paymasters. Same result.

@@duncancoyle5783 The problem is the state. Look at the problems you know about in the UK. Is the state involved directly, or indirectly [for example by standing by] The state is up to its neck in it. Or take the big problem. 16 trillion pounds of unfunded pension debts. Hidden off the books. Just one symptom of that [there are many]. The state makes a 30% gross profit margin on its 'services'.

"possibly even worse" - you claim to know how a party will perform that hasn't been in power for 14 years. Clairvoyant?

@@BillDavies-ej6ye Labour r funded by all sorts of unsavoury regimes, and big oil, so yeah, they could well be worse than Tories. Labour's legacy since Bliar is atrocious re, sociallly, economically, and environmentally, don't expect them to 'change' for the better anytime soon. The largest risk to the planet is weapons manufacture and usage, in terms of polluting the air, ground, water etc. Guess who is it seems by what he said not so long ago, keen on the usage of weapons on innocent women and children. So yes, I am quite 'clairvoyant' and you could be too, if only you'd read a bit more about who funds Labour, what their legacy is on so many matters, (even more atrocious in Scotland!) and have a wee look at what kidstarver Starmer said about his plans for the economy etc. Yikes, very scary, as well sending our young to fight in a proxy war for his dodgy donors pals. The NHS will also be up for sale very soon, start saving for private healthcare now.