Debate House Prices


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another iceberg breaks free

TruckerT
TruckerT Posts: 1,714 Forumite
in Debate House Prices & the Economy
with B.Diamond standing at the tip, we continue to witness the crumbling away of the twin systems of industrialisation and captitalism which have served so well for 200 years, terminally damaged by their own excesses. It really is time for politicians to start looking for alternatives

TruckerT
According to Clapton, I am a totally ignorant idiot.

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    TruckerT wrote: »
    It really is time for politicians to start looking for alternatives

    TruckerT

    Politicians? Please God no. They've no idea what they are doing.

    Anyway these banking issues are historical. Not current.
  • The_J
    The_J Posts: 1,250 Forumite
    Can this forum start replacing the word "politician" with "career parasite, head up !!!!, muddled !!!!!!!!ter"?
    The J is a Financial Advisor-This site doesn't check anyone's status and as such any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Always seek professional advice.
  • TruckerT
    TruckerT Posts: 1,714 Forumite
    Thrugelmir wrote: »
    Politicians? Please God no. They've no idea what they are doing.

    Anyway these banking issues are historical. Not current.


    OK - forget politicians, leave it to the revolutionaries!

    Face it - the adventure is over, we now have to find another way to survive

    TruckerT
    According to Clapton, I am a totally ignorant idiot.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    Thrugelmir wrote: »
    Politicians? Please God no. They've no idea what they are doing.

    Anyway these banking issues are historical. Not current.

    The most frightening 9 words in the English language are, "I'm from the Government and I'm here to help".
  • pqrdef
    pqrdef Posts: 4,552 Forumite
    TruckerT wrote: »
    with B.Diamond standing at the tip, we continue to witness the crumbling away of the twin systems of industrialisation and captitalism which have served so well for 200 years, terminally damaged by their own excesses. It really is time for politicians to start looking for alternatives
    I thought we were supposed to have seen the Triumph of Capitalism and the defeat of the alternatives.
    "It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
  • pqrdef
    pqrdef Posts: 4,552 Forumite
    edited 17 April at 9:56AM
    [quote=[Deleted User];54179367]Under a Capitalist system the banks would have gone bust, their shareholders taken the hit[/QUOTE]
    When companies go bust they usually take a lot more than the shareholders with them.

    Not that it makes much difference. If companies had to cover all their risks with share capital, we'd all need to be shareholders.

    We can't expect to have a thriving economy if we won't put our money into it and we think other people should take all the risks.

    The question really is whether the present system is any good at managing risk.
    "It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
  • TruckerT
    TruckerT Posts: 1,714 Forumite
    pqrdef wrote: »
    I thought we were supposed to have seen the Triumph of Capitalism and the defeat of the alternatives.

    You are correct - Capitalism Conquered All, but as WardWarkWotsit points out it has corrupted itself

    There is a long history of economic/social revolutions, Capitalism was one of them - there is no reason why it should be regarded as permanent

    TruckerT
    According to Clapton, I am a totally ignorant idiot.
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