Nick Clegg in growing a pair and actualy talking some sense shocker!!!

“grum – Member

none of this namby pamby pretence that people care about others. Life is the survival of you and your progeny. Nothing more, nothing less. Human or not.

Don’t project your own sociopathy onto everyone else please. Pretty much all of the best things in human history have been achieved through collaboration and co-operation.”

Yes thats because it helps the individual, cooperation is drive by selfishness not the common good. That’s one of great things about being a collective, the individual can fare better if persuaded to work together. Grum is right though.

I have made no comment re any of the recent bans nor of any of the individuals involved. Perhaps after Prescott you were looking forward to a “touche” moment. If you can find any reference to comments re individuals and their bans, then you can enjoy the moment at my expense. But I am confident that this is not the case.

your first comment on this thread

[Nice to see a usually-contentious STW topic debated in a sensible manner. I wonder why? Chapeau les mods, peut-etre?)

HTH

http://singletrackworld.com/forum/topic/nick-clegg-in-growing-a-pair-and-actualy-talking-some-sense-shocker/page/2#post-4123681

@binners, the cost of containing the banking crises wasn’t excessive. It was in the general populations interests that’s why it was done. The alternative would have been far worse than the situation we find ourselves in now. I don’t say things were done in the best possible way, if for example the government (both Labour and ConDem) wanted to ensure fundamental changes in banking policy it could have made those part of “the deal”, but they didn’t.

Our society is heavily reliant on borrowed money, mortgages, credit cards, business loans – if we as a society don’t want to be as reliant on banks we would have to get used to borrowing less and having less.

The “rich” already pay the majority of the taxes, this motion that the “rich” are a bottomless supply of tax revenue for everyone else is ridiculous. I use “rich” in quotes because what most people mean is someone else, some else should pay more tax not me.

A wealth tax may be advertised as applying to the “rich”, but University fees started at 1k, then 3k now 9k, ditto stamp duty on property which now rises to 5%, the reality is if it were to be introduced it would quite rapidly in my view start applying at slower and lower threshold. We already have too many taxes, a more complex system is not the answer. More complexity and higher rates just means more people acting to avoid payment and that includes leaving the country (top 1% pay 25% of taxes, if too many move it leaves a very big hole)

JY 😉 Ok, I will give you a “tou” as I can see that could be interpreted in the way you have. But that wasn’t my intention. It was a general point as Mark and the mods came into quite a bit of flak.. I have not made any specific references to individuals, but can see that post could be interpreted differently.

Actually, for clumsy writing on my behalf, I will edit again and give you a “touc”. Fair do’s? But as DD says, time to leave it now isn’t it?

I never started it and I dont think there is any other way to interpret your comment.

Happy to leave it alone for as long as you do.

jambalaya – I wasn’t criticising the bank bailout. I’m aware it was the least worst option. I just think its insanity that the moment to change the system was squandered and that we’re know absolutely back to business as usual in the city, with absolutely no structural reform at all.

The next banking crisis is a case of when, not if. The bank bailouts will ultimately have achieved nothing, but only the temporary postponement of the inevitable disaster. Only this time it might truly finish off the whole economy. Oh… except, as per usual… the ones responsible. Who’ll no doubt swan off into the sunset completely unaffected once again, with their multi-million pound bonuses tucked safely away in offshore tax havens

Binners you are probably right that there will be another banking crisis, that’s why we collectively and individually have got to reduce our debts. Household and goverment debts are a really big threat and they stifle growth on top of making us venerable to banks.

binners – Member
The next banking crisis is a case of when, not if.

But binners there is a subtle difference. Zombie banks have been rescued (at our expense) by transferring bad assets from banks balance sheets to those of the ECB and other Central Banks. The bank risk has been replaced to a large extent by sovereign risk (although these of course are completely inter-related). Either way, you know who ultimately foots the bill!!

On this issue, I wonder just how many SME owners feel “slightly uncomfortable” at the choice of the new Barclays CEO?

Me thm, the should have got Fred Goodwin in. Seriously one of the chaps sacked and paid(made) to shut up by Goodwin (I think) put his hat in the ring on Radio 4 a few weeks ago. He warned the bank he worked for about what the risks were and got the golden hand shake and gagging order. He made loads of sense, can’t remember his name.

Grum/mt,

I get your point about cooperation, however there are too many in society that have not and never will cooperate.

They don’t feature in my dictatorship. 🙂

mikertroid – Member
Know where you are comming from. The real art of cooperation in any type organisation is getting people to understand their best interests are served by working together. It’s difficult I know and there is always some selfish git who thinks they should have more or are special. Mind you there are those that are just happy to spoil joint efforts just because they can, even when it’s not in their own best interests. You don’t have to be rich, poor, clever, thick or anything else to be a ****t.

The gross overinflation of the property market is largely a result of ideological greed

Not really; its mainly due to not enough houses available to buy where people want to live.