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originally posted by: intrptr
Private corporations have slowly been taking over responsibilities and institutions from the government. The obvious result of this is that what once belonged to us all democratically is now in the hands of a few profiteers with no accountability to the electorate.
Same here in the states… everywhere? is that the NWO?
State controlled Capltalism .. is Fascism.
It sort of offsets the potential targets of people's rage, because people tend to blame politicians first and not look at the head of the snake. It's smart actually, when their political puppets start falling, the handlers know when to hide
originally posted by: intrptr
a reply to: bobs_uruncle
It sort of offsets the potential targets of people's rage, because people tend to blame politicians first and not look at the head of the snake. It's smart actually, when their political puppets start falling, the handlers know when to hide
Compellling. Not only but the heads of corporations don't even talk to the politicians themselves, the do it through their representatives in the PACS.
Also interesting to note that post WWII, as destroyed as places like Germany were, military corporations like Krupp Steel and Mercedes were not called to task for their involvement, just the "Head Nazis".
Same in Japan. Mitsubishi is still around, their logo is the propeller for their fighter plane during the war, the Zero.
Mitsu bishi logo
I guess that's because it's just like George Carlin said, "It's a club and we ain't in it!"
originally posted by: Flavian
Health is a perfect example though. We spend more year on year and yet we are told that the NHS is in perpetual crisis. How can this be when spending keeps increasing? This shows there are fundamental problems with the system itself. .
originally posted by: aightism2
have any of you watched that video I posted ? it was put together by some of the finest british minds there is !!
originally posted by: stumason
a reply to: surfer_soul
Herein lies the problem with "layman" understanding of how the system works - there is no interest on the deficit. The deficit is simply the balance of payments and, according to various economic outlets, the UK is predicted to be in surplus by 2018 if things continue as they are.
The debt, that which we do pay interest on, is something else entirely. It is the money borrowed to finance the difference between money in and money out (the deficit). Some of this debt is over 100 years old (some of it dates back to the 19th century) and is held as various bonds, which are issued by the Government in return for annual interest payments. Despite some of the scary numbers, it has been far, far higher as a relation to GDP in the past (currently around 90% GDP whereas it has been as high as 250% GDP before)
These payments, at the moment, cost around £50 billion a year which, despite being quite high (around half the cost of the NHS) is actually quite affordable - in fact, the UK's debt interest payments when compared as a proportion of GDP is actually among the lowest it has ever been (around 3% of GDP spent on debt interest)
Now, as far as "paying it off", as long as the budget gets into a surplus then it will simply be a matter of time. Many bonds are 5 or 10 year bonds, so could be paid off quite quickly. More likely, they will be refinanced into cheaper bonds as an improving fiscal situation in the Government balance sheet will allow them to get much lower interest rates on those bonds, so the interest payments as a relation to GDP will fall even lower.
What many don't realise is that in 1997, Labour inherited a healthy budget surplus from the outgoing Tory Government, which they whittled away for 3 years until they started running a deficit, which grew and grew. For 10 years of the 13 years in power, they ran a deficit and as a result, started ramping up the debt. It was under the "Iron Chancellors" watch - merely months after he took power as PM and declared and "end to boom and bust" - that the biggest boom in 100 years happened and that is when the massive debt started to accrue.
But for some reason, despite an improving economic situation - that Labour said would never happen back in 2010/11 under the Tories - falling unemployment and against a background of continued economic woe in Europe, our largest trading partner, people want to blame the current Government and, god forbid, allow Milliband a chance of power next year with Alec Salmond as Deputy PM...
Neither of them has any grasp of sensible economic management (just look at the SNP's management of Scotland's budget - running a worse deficit than Afghanistan - or Milliband "forgetting" to mention the deficit in a resent party conference) and would lead us down a dark path of economic woe.
Basically, if you think things are bad now, just you wait until Labour and the SNP get their hands on the reigns. Yeah, they'll promise spending here, there and everywhere, but it will simply come as more debt with no plan to ever pay it back and saddle us with it for generations.