Our problems started in 1979, when Maggie Thatcher took hold. She got lucky once, but that money was all squandered North soil and the revenues, but we had 45 years and now look at the country neoliberalism doesn’t work.
It all went wrong in the early 1970s when we stopped taxing the rich at over 90%. That meant there wasn't enough to pay unionised workers, and when the unionised workers didn't get paid, they went on Strike and then Thatcher smashed the unions. Then Thatcher sold everything and deregulated the banks and there was money, for a while, and now there is no money left. The trouble with Thatcherism is that eventually you run out of somebody else's money.
North Sea oil and gas revenue were not used to create a sovereign wealth fund and Thatcherism has resulted in the destruction of the coal mining industry and loss of heavy industries such as steel, shipbuilding and vehicle manufacturing.
In the UK we confuse politics with politicians. We should learn more about global politics and economics, then teach our children, and so on. There are a lot of people here that still think that they are voting for the Prime Minister in a General Election. Changes in education and in the way the UK voting system works is well overdue.
You reminded me of a cartoon that I saw in an electronics magazine in the early 1980s. There were two technicians looking at a chart on the wall, which showed a steep downward trend. One of them is pointing and saying "Cheer up, things are getting worse at a slower rate.".
Not just the politicians at fault, Richard. They are petrified of the media, and the public have very little interest in politics, or how to pay for our quality of life. Our voting system doesn't help.
I think when people casually talk about "populism" they forget that populism is the opposite of elitism, and it's that cross-party elitism that drives many people towards supporting the likes of Trump and Farage. A mistake in my view, but their needs are ignored by the established parties and authorities, belittled as "far right" - these cartoon political figures like Trump and Farage at least give the appearance of paying attention to their difficulites. Another issue that is casually ignored by establishment authorities is that a significant proportion of our taxes is used to fund aggressive imperialistic wars that kill innocent people. When mainstream governments are behaving like warmongering authoritarians while complaining of "populism" from the little people, it's not surprising that many are turning towards the fringe.
It's fake populism. It's a medicine show for people who believe they can become rich by worshipping rich people. "We'll *all* benefit from lower labor costs." (oh whoops, are you a worker? I thought you were an owner.)
Does anybody still think that politicians have answers ? Big biz and capital markets rule the world. Everyone is forced to compete against everyone else, whether they like it or not.
Thank you for a Free gift of a valuable education. Love your videos, i also watch Gary's economics on U Tube he seems to be well aligned with your thinking. Critical thinking people looking to actually change this political dystopia need to get organized. Keep up the fantastic work!
Ambition for running the country without agendas or preparation and discipline to bring the country into a successful standards requires intelligence to stand with the competition.
The politicians have failed far too many with their obsession with making the oligarch's richer. Of course if the oligarchs pay them more than their parliamentary salaries then they have new masters. The single solution would be to ban donations of over £10K per annum from any individual or company or financial entity. And the beneficial owner of the money should be declared audited and publish for the electorate. That would sort the parade out. Best wishes from George
I have taken a perverse pleasure in watching UK politics go into meltdown. I have assumed the role of an outside observer whose sole purpose is to witness the fall of human society. It's the only way I can cope with the situation we find ourselves in.
Westminster is a uniquely choreographed clown show which for me is so antiquated and ridiculous that it's embarrassing to watch what I'd call a never ending Mad Hatter's Tea Party. For god's sake the place can't even adopt electronic voting! Imo we have to focus on seeing the place for how inadequate and anachronistic it is in all its ways. Start saying other countries are just as bad and we let this huge psychotic clown show off the hook as if we have a need to normalise it to make ourselves feel better.
The answer is so so simple: whatever it takes to reduce poverty and inequality, do it- tax the rich, tax wealth, make billionaires and millionaires pay their fair share; address the climate crisis head on as a matter of urgency, invest in communities, and challenge the corporate media. Alas, the major political parties and Reform seem squeamish about doing any of this. We're stuck in this impasse where the main parties and Reform still cling to discredited neo-liberal policies because it suits their "greed is good" wealthy donors and themselves.
Yep .. increase taxes even further beyond their record high and throw all the money into a giant sink hole called Net Zero … In a few years we can be just like Germany … That’ll cheer everybody up.
The great opportunity now opening up is federalism. If Britain was a federation of equals, not a union, it would be possible for each republic (its time!) to try out different policies which might suit their different societies, and allow the other republics to follow or reject. Central control was a conspicuous failure in the Soviet Union, it is demonstrably failing in the UK. Starmer will of course oppose this. He has to go.
The media always put forward the view that Scottish Independence is all about the SNP. This is incredibly lazy, and deliberate. Polling over many years has shown that around 38% of Labour voters in Scotland support independence. Libdem and Tory voters also support independence, but in smaller numbers.
Notwithstanding everything else…campaigning for PR voting is vital in my opinion. It actually will control the significance of the far right. With FPTP we have the prospect of a Con/Reform lot in absolute power….maybe Farage as PM?…on 30 something % of the vote. All MAD. PR voting will control the far right…unless, of course, more than 50% of voters vote for them….God help us all with that scenarios!
The previous 2023 years of living stupidly have given us plenty of practice. You never know, 2025 may be the moment when we perfect it and do the ultimate stupidity.
Hi i will point out that only just before Christmas the Liberal Democrats won a vote on supporting proportinal representation voting system in parliment.
Why are there no politicians in the UK who are prepared to adopt MMT ideas and put forward a positive prospectus for the the future? Are they all cowed by the "there is no money refrain"? Does everyone in the Treasury implicitly believe the Deficit Myth? Polls show that the NHS is a key priority of the electorate so anyone with a credible MMT financing plan would surely garner widespread popular support.
Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark
It's no longer sufficient to vote for the next clueless punter on a soapbox. People need to start instructing those they elect. Do this. Do that. Literally report and monitor every decision. Complacency to control our representatives just invites vested interests to take over, as they mostly have. Pitchfork seems to capture the spirit of what's needed..
Exactly. Just voting and complaining is not enough, there needs to be accountability for the leaders and activity of the public to follow what their MPs and other representatives are actually doing.
What do you mean by "big ideas" and "rebuilding" or is that word salad because you need to structure an end to your video? If you think the answer to my question is self evident then you are wrong.
I don't know mate, the 80's were pretty bad politically ,and also pretty much the start of where we are now. What we're seeing now though is post politics. But that's a whole other conversation. Also, are you advocating printing money here?
Mr Murphy regularly denigrates neo-liberalism but seems reluctant to spell out his alternative vision. He is a proponent of MMT which to me indicates that he’s all for printing money and giving it to worthy causes, while heavily taxing the rich. In other words fiscal socialism. The underlying problem here is that everyone talks about their rights but few people acknowledge their responsibilities. Mr Murphy often cites child poverty as a problem that can be solved by government but the reality is that many parents fail their own children by getting their priorities wrong. Chucking more money at them would make things worse not better.
@@gj55223 I don't think he has an alternative version. I mean, he was seemingly one of the _brains_ behind corbynomics which advocated "quantitative easing for people not banks" but how exactly that was going to be set in motion is anyone's guess.
Yes, but would it be sane to have voted Biden/Harris in as President based on the last four years? America is the place that will structure and shape our futures. We are on a white knuckle ride of Neo Liberalism and we need to get off.
It is a complicated world at the moment. I have always maintained that the UK is ungovernable. As our society diverges, it is ever more stark. We treat our politicians so appallingly badly that the only people that want to be politicians are either truly dreadful or hopelessly idealistic (as we are seeing with Labour) Add to all of that: A very weak EU which has culturally overstretched itself to the east (again idealists). Putin, who has his grubby fingers in so many pies across the globe And then Trump and Musk who like Putin are trying to shape the world into something that suits them (but are far less subtle than Putin). To a lesser extent, the Indians who are not helping but instead taking the opportunity to play everyone off against each other in order to make a quick buck and to acquire cheap oil and weapons. At the end of all this the Chinese are sweeping up, which accelerated when covid started and continues at pace while the rest of the world is in turmoil.
I usually enjoy and learn from your videos. However, I disagree with almost every word of this video. The future is going to be independent free nations looking after their citizens and an end to the creep towards a carbon credit economy.
On this we disagree, I personally believe nationalism of any kind is bad, we are one people and live on one planet, I also believe Labour and other will distract talking about devolution and giving freedoms back while selling off the UK's assets to the rich, leaving regions towns and cities fighting with no one with any power and no one to blame or hold to account.
Scotland's "Nationalism" is Civic Nationalism ALL colours creeds and races are welcome, there are even many English born "Nationalists" that want Scotland to be a normal independent country. A truer name for the SNP would be the Scottish Independnece Party. By the way has Westminster been honest and open in it's dealing with Scotland the SNP would not get many votes, however history shows Scotland has had only lies and deceit from that place for the last 317 years. Oh yes and complete social, political and economic incompetence as well and still does, Holyrood was setup to fail with none of the powers to really make a difference and even when they try Westminster steps in and stops it.
!!I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks will be appreciated..
As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market..
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally.. What's your take on this approach? and How can i reach her, if you don't mind me asking??
@@LowPlainsDrifter60 We know what it means: It's the replacement for "political correctness gone mad" which eventually became as comedic as it could get as Spitting Image gave it at least one skit on every show. There's always been a personal insult to dish out when you've no arguments. Is anyone here old enough to have been called a "trendy lefty" or a "bleeding heart liberal? No doubt, the Right Wing echo chamber will replace the equally vacuous and meaningless "woke" in due course.
Our problems started in 1979, when Maggie Thatcher took hold. She got lucky once, but that money was all squandered North soil and the revenues, but we had 45 years and now look at the country neoliberalism doesn’t work.
This was the year I left school !
It all went wrong in the early 1970s when we stopped taxing the rich at over 90%. That meant there wasn't enough to pay unionised workers, and when the unionised workers didn't get paid, they went on Strike and then Thatcher smashed the unions. Then Thatcher sold everything and deregulated the banks and there was money, for a while, and now there is no money left.
The trouble with Thatcherism is that eventually you run out of somebody else's money.
North Sea oil and gas revenue were not used to create a sovereign wealth fund and Thatcherism has resulted in the destruction of the coal mining industry and loss of heavy industries such as steel, shipbuilding and vehicle manufacturing.
Change the record.
@ why do I have to change the record the truthful, one 45 years of selling this country off and look at it now so you go out and buy a new record
In the UK we confuse politics with politicians. We should learn more about global politics and economics, then teach our children, and so on. There are a lot of people here that still think that they are voting for the Prime Minister in a General Election. Changes in education and in the way the UK voting system works is well overdue.
You reminded me of a cartoon that I saw in an electronics magazine in the early 1980s. There were two technicians looking at a chart on the wall, which showed a steep downward trend. One of them is pointing and saying "Cheer up, things are getting worse at a slower rate.".
As someone who has voted for Trump multiple times, i find this channel very interesting and helpful.
Not just the politicians at fault, Richard. They are petrified of the media, and the public have very little interest in politics, or how to pay for our quality of life. Our voting system doesn't help.
I think when people casually talk about "populism" they forget that populism is the opposite of elitism, and it's that cross-party elitism that drives many people towards supporting the likes of Trump and Farage. A mistake in my view, but their needs are ignored by the established parties and authorities, belittled as "far right" - these cartoon political figures like Trump and Farage at least give the appearance of paying attention to their difficulites.
Another issue that is casually ignored by establishment authorities is that a significant proportion of our taxes is used to fund aggressive imperialistic wars that kill innocent people. When mainstream governments are behaving like warmongering authoritarians while complaining of "populism" from the little people, it's not surprising that many are turning towards the fringe.
It's fake populism. It's a medicine show for people who believe they can become rich by worshipping rich people. "We'll *all* benefit from lower labor costs." (oh whoops, are you a worker? I thought you were an owner.)
Brilliantly put Natalie 🙌🏽👏
Does anybody still think that politicians have answers ? Big biz and capital markets rule the world. Everyone is forced to compete against everyone else, whether they like it or not.
Thank you for a Free gift of a valuable education.
Love your videos, i also watch Gary's economics on U Tube he seems to be well aligned with your thinking.
Critical thinking people looking to actually change this political dystopia need to get organized.
Keep up the fantastic work!
I must admit I'd love to see a discussion between the two, Gary and Richard that is
@richardbrophy3968 would be a proper education. 👍
Regionalism is a big idea and real hope of change.
It’s an absolute car crash all over the world
Ambition for running the country without agendas or preparation and discipline to bring the country into a successful standards requires intelligence to stand with the competition.
The politicians have failed far too many with their obsession with making the oligarch's richer. Of course if the oligarchs pay them more than their parliamentary salaries then they have new masters.
The single solution would be to ban donations of over £10K per annum from any individual or company or financial entity. And the beneficial owner of the money should be declared audited and publish for the electorate.
That would sort the parade out.
Best wishes from George
Rebuild infrastructure, take back or water and sewerage of power, invest in the people get rid of asset stripping management companies
Gary is back by the way, we now need to unite this front. Up the people's popular front.....or other such derivatives
Excellent idea
I have taken a perverse pleasure in watching UK politics go into meltdown. I have assumed the role of an outside observer whose sole purpose is to witness the fall of human society. It's the only way I can cope with the situation we find ourselves in.
Westminster is a uniquely choreographed clown show which for me is so antiquated and ridiculous that it's embarrassing to watch what I'd call a never ending Mad Hatter's Tea Party. For god's sake the place can't even adopt electronic voting! Imo we have to focus on seeing the place for how inadequate and anachronistic it is in all its ways. Start saying other countries are just as bad and we let this huge psychotic clown show off the hook as if we have a need to normalise it to make ourselves feel better.
Well, its populated mainly by people who attended medieval seminaries such as oxbridge. We're a country dominated by medieval institutions.
There are reasons we don't have electronic voting in the UK.
I admire how British english can say things like "extraordinary year" to mean a clown show.
😂
The answer is so so simple: whatever it takes to reduce poverty and inequality, do it- tax the rich, tax wealth, make billionaires and millionaires pay their fair share; address the climate crisis head on as a matter of urgency, invest in communities, and challenge the corporate media. Alas, the major political parties and Reform seem squeamish about doing any of this. We're stuck in this impasse where the main parties and Reform still cling to discredited neo-liberal policies because it suits their "greed is good" wealthy donors and themselves.
Yep .. increase taxes even further beyond their record high and throw all the money into a giant sink hole called Net Zero … In a few years we can be just like Germany … That’ll cheer everybody up.
@@Skylark_Jones how do you "invest in communities"? What does that mean?
The great opportunity now opening up is federalism. If Britain was a federation of equals, not a union, it would be possible for each republic (its time!) to try out different policies which might suit their different societies, and allow the other republics to follow or reject. Central control was a conspicuous failure in the Soviet Union, it is demonstrably failing in the UK. Starmer will of course oppose this. He has to go.
The media always put forward the view that Scottish Independence is all about the SNP. This is incredibly lazy, and deliberate. Polling over many years has shown that around 38% of Labour voters in Scotland support independence. Libdem and Tory voters also support independence, but in smaller numbers.
Keep it up
Notwithstanding everything else…campaigning for PR voting is vital in my opinion. It actually will control the significance of the far right. With FPTP we have the prospect of a Con/Reform lot in absolute power….maybe Farage as PM?…on 30 something % of the vote. All MAD. PR voting will control the far right…unless, of course, more than 50% of voters vote for them….God help us all with that scenarios!
The Year of Living stupidly?
The previous 2023 years of living stupidly have given us plenty of practice. You never know, 2025 may be the moment when we perfect it and do the ultimate stupidity.
I am seriously shocked the libs got 72, I must of missed that entirely. Not my vote this time😒
i dont think they lack the vision to fix things, i think they just don't want to.
Hi i will point out that only just before Christmas the Liberal Democrats won a vote on supporting proportinal representation voting system in parliment.
My Lib Dumb MP sent me a card too .... why ?
Cause they love and care about you 😂
Starmer should move over now
Starmer's crew just wanted the big job titles and perks that come with it 😂
"So, what's the big idea, huh?"
If by extraordinary you mean out of order, then i agree
Why are there no politicians in the UK who are prepared to adopt MMT ideas and put forward a positive prospectus for the the future? Are they all cowed by the "there is no money refrain"? Does everyone in the Treasury implicitly believe the Deficit Myth? Polls show that the NHS is a key priority of the electorate so anyone with a credible MMT financing plan would surely garner widespread popular support.
Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️
I'm 37 and have been looking for ways to be successful, please how??
Sure, the investment-advisor that guides me is..
Elizabeth stark
Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark
Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!
I think we are entering a new Roaring Twenties. I'm expecting share prices and shareholder dividends to perform well. Fill yer boots!!
Saor Alba and the wellbeing ecomony
Q: When did a farmer prescribe a top rate of income tax of 98%?
Spot on Richard
Interesting Plaid Cymru is too small and ineffective to even criticise.
It must be reassuring to know that you know everything about everything
The further a society drifts from truth the more it will hate those who speak it? George Orwell
Right diagnosis. Very much the wrong solutions.
It's no longer sufficient to vote for the next clueless punter on a soapbox. People need to start instructing those they elect. Do this. Do that. Literally report and monitor every decision. Complacency to control our representatives just invites vested interests to take over, as they mostly have. Pitchfork seems to capture the spirit of what's needed..
Exactly. Just voting and complaining is not enough, there needs to be accountability for the leaders and activity of the public to follow what their MPs and other representatives are actually doing.
What do you mean by "big ideas" and "rebuilding" or is that word salad because you need to structure an end to your video? If you think the answer to my question is self evident then you are wrong.
I don't know mate, the 80's were pretty bad politically ,and also pretty much the start of where we are now.
What we're seeing now though is post politics. But that's a whole other conversation.
Also, are you advocating printing money here?
Mr Murphy regularly denigrates neo-liberalism but seems reluctant to spell out his alternative vision. He is a proponent of MMT which to me indicates that he’s all for printing money and giving it to worthy causes, while heavily taxing the rich. In other words fiscal socialism.
The underlying problem here is that everyone talks about their rights but few people acknowledge their responsibilities. Mr Murphy often cites child poverty as a problem that can be solved by government but the reality is that many parents fail their own children by getting their priorities wrong. Chucking more money at them would make things worse not better.
@@gj55223 I don't think he has an alternative version. I mean, he was seemingly one of the _brains_ behind corbynomics which advocated "quantitative easing for people not banks" but how exactly that was going to be set in motion is anyone's guess.
Yes, but would it be sane to have voted Biden/Harris in as President based on the last four years?
America is the place that will structure and shape our futures.
We are on a white knuckle ride of Neo Liberalism and we need to get off.
It is a complicated world at the moment.
I have always maintained that the UK is ungovernable. As our society diverges, it is ever more stark.
We treat our politicians so appallingly badly that the only people that want to be politicians are either truly dreadful or hopelessly idealistic (as we are seeing with Labour)
Add to all of that:
A very weak EU which has culturally overstretched itself to the east (again idealists).
Putin, who has his grubby fingers in so many pies across the globe
And then Trump and Musk who like Putin are trying to shape the world into something that suits them (but are far less subtle than Putin).
To a lesser extent, the Indians who are not helping but instead taking the opportunity to play everyone off against each other in order to make a quick buck and to acquire cheap oil and weapons.
At the end of all this the Chinese are sweeping up, which accelerated when covid started and continues at pace while the rest of the world is in turmoil.
I usually enjoy and learn from your videos. However, I disagree with almost every word of this video. The future is going to be independent free nations looking after their citizens and an end to the creep towards a carbon credit economy.
Criticising his MP while admitting he's been too lazy to check if she's done anthing or not. Typical voter I suppose.
On this we disagree, I personally believe nationalism of any kind is bad, we are one people and live on one planet, I also believe Labour and other will distract talking about devolution and giving freedoms back while selling off the UK's assets to the rich, leaving regions towns and cities fighting with no one with any power and no one to blame or hold to account.
Scotland's "Nationalism" is Civic Nationalism ALL colours creeds and races are welcome, there are even many English born "Nationalists" that want Scotland to be a normal independent country. A truer name for the SNP would be the Scottish Independnece Party. By the way has Westminster been honest and open in it's dealing with Scotland the SNP would not get many votes, however history shows Scotland has had only lies and deceit from that place for the last 317 years. Oh yes and complete social, political and economic incompetence as well and still does, Holyrood was setup to fail with none of the powers to really make a difference and even when they try Westminster steps in and stops it.
Your disparaging comments on Reform tell me you must be getting worried.
Merry Christmas and a happy 2025.
And Labour, and Lib Dems and Greens. He made disparaging comments about them too.
@@nikolaki He loves a good whinge for sure.
Please tell us more about your admiration for Reform and its man of the people / fraud leader
@@nikolaki He does like a moan.
@billB101 probably cheaper than paying for therapy!
!!I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks will be appreciated..
As a newbie investor, it’s essential for you to have a mentor to keep you accountable.
Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market..
I don't really blame people who panic. Lack of
information can be a big hurdle. I've been
making more than $200k passively by just
investing through an advisor, and I don't have
to do much work. Inflation or no inflation, my
finances remain secure. So I really don't blame
people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally.. What's your take on this approach? and How can i reach her, if you don't mind me asking??
I'm sure 2025 will be more extraordinay in that more people and businesses will be
destroyed. It's all according to pIan.
It's not neoliberalism, but
sat-
anic
cu-
The Year Wokeness died
Woke woke woke woke woke woke, you lot sound like ducks in flight.
Don't you have know what woke means before pronouncing it's death ?
@@LowPlainsDrifter60 We know what it means: It's the replacement for "political correctness gone mad" which eventually became as comedic as it could get as Spitting Image gave it at least one skit on every show. There's always been a personal insult to dish out when you've no arguments. Is anyone here old enough to have been called a "trendy lefty" or a "bleeding heart liberal? No doubt, the Right Wing echo chamber will replace the equally vacuous and meaningless "woke" in due course.