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[quote user="paul moy"][quote user="birchfest"][quote user="paul moy"]

[quote user="Legend Iwan"]Capitalism, man''s greatest creation.[/quote]

... and far better than the alternative that has left this country in such a mess.  

[/quote]Urm paul... we live and have been living in a Capitalist nation for getting on for 100 years. Its pretty amusing given that the entire banking crisis is a result of the abuse of the capitalism, what did you think we were some sort of communist state!?[/quote]

We have a mixture of Capitalism and socialism. Unfortunately the socialism side with regard to spending has been out of control since 1997. Thus we are spending 400 million pounds a day more than we are receiving in taxes and much of that is on non-jobs and crazy incentives for people not to work. 

[/quote]Looks like you have been listening a lot to the Conservative manifesto. Our spending has not been out of control since 1997, in fact we had a budget surplus for four years between 1998-2002 after Labour first got in power, which was the first surplus since 1989, the budget deficit was almost as bad between 1993-1995 as it is now. The primary reason why the nation went back into deficit after 2002 was our higher than expected expenditure on the Afghan and Iraq wars, both of which were voted for in parliament with majority votes by politicians on both sides of the political spectrum. Our budget deficit didn''t get serious until the financial crisis, as a result of falling tax revenues and increased welfare payments. The financial crisis itself was the result of ineffective legislation of the banking system, an area which both the left and right have failed on miserably.  Less jobs = more unemployed people and less tax revenue, period. Cutting social spending is one way that the deficit could perhaps be reduced, but the private sector started the bulk of the problem. The idea that overspending was the cause rather than the effect is ludicrious. Even if we had been operating in a minor surplus pre-crisis we would still have a large deficit now. I find it amusing that the argument descends into a simple Increase Taxes V Cut Spending debate, public services are largely the victims of the crisis not the cause. That said, spending should be cut a bit, but the first place you should look is at tax revenues. The government is collecting less money in tax, so it should look at that side first. Your beloved Conservative party won''t tackle tax avoidance first though will they? The billionaire British people who profit when you spend money but won''t pay a penny back into the system? Isn''t capitalism beautiful hey? The billionaires avoid tax, and make you pay it. Then they fund political parties, so that put the burden of tax avoidance onto us normal people. Rather than close tax loopholes, let''s cut education and tax the peasants more? And then brainwash them into believing that it is the unemployed costing us all money whilst we give half a billion to Pakistan, spend billions on blowing people up in the Middle East, and let the Billionaires pay zero tax because they can fly into the country via helicopter from Monaco?But yes, let''s all turn on the unemployed and pay tax for the super rich, because that''s what Phillip Green wants, and we wouldn''t want to be without Topman :/Whenever anybody plays the welfare card I always think "gosh I hope you lose your job", I don''t feel guilty about that. The fact that unemployment has almost trebled should tell you all that you need to know about the majority of these people ''leeching'' off of your tax money, the majority want to work and DID work before paying the price of outright capitalism.

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[quote user="haisbrohacker"]Are you Ed Balls speech writer or the man himself?

H[/quote]I am not Ed Balls, neither do I like Ed Balls, neither do I identify myself as a socialist, and neither did I vote Labour in the last general election. Neither would I vote for Ed and Eddier if I was a socialist.In fact I run my own business, am happy paying taxes, and do hate seeing tax money wasted. But I also like to see things how they are and not through the tinted glasses of a party manifesto.The conservatives are blaming the left for overspending, the left are blaming the banking sector and greedy capitalists. I''m just reasoned enough to identify numerous factors which have contributed to the current problems, of which those two factors play a part. You simply cannot blame overspending for a fall in tax revenues. If you earn £3000 a month and spend £3200 per month then you are overspending. If your income falls to £2500 per month, and you are still spending £3200 per month, then you are grossly overspending. You can liken that to what has happened.I have an A-level in economics, which is enough to see that the Tory line "Labour got us into this mess" isn''t strictly true. They didn''t do enough to prevent it, but there are dozens of factors to be considered. Depending on how far back in history you want to go, it was the Tory part who led us away from manufacturing and into the Service sector in which banking played a major part. They also laid the foundations for the housing bubble by selling off housing stock and not allowing councils to replenish that stock with the proceeds. I wish that the middle classes would wake up and smell the coffee. Both parties want to squeeze the life out of you. But as long as you have your Murdoch Sky subscription and false sense of wealth because you own a house in a property market which is artificially inflated through restriction in supply so that banks can profit you all feel conservative and great, pah. Take a look at how Scandinavian countries do it, and Germany, and you realise that it isn''t worth voting at all in this country whether you align to the left or to the right. But when your children get to 18 and have to spend £30k on their education, and have to find £25k to buy a house which isn''t worth half of the amount that they buy it for,  just remember..... how great it felt to set that all in motion with your Tory vote :-) The reality is that this country is buggered, because the whole economy is artificial, a bit of overspending falls into insignificance.

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An element of our problems is the vigour with which Labour spent or mortgaged our future.

Government don''t seem to know the REAL cost of things and where they can save money.

10bn pounds to run 14 aircraft for 27 years seems a lot of money but hey PFI it.

I agree with some of your comments, voting in a election is often about the lesser of evils. Each has its own track record and you don''t have to be an economist to know what each will do when in power.

Both parties have put short term self interests before that of the Country.

H

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