A Political Thread pt. 2

[General Melchett]

Putin hasn't helped but a lot of this is down to COVID I suspect. Supply chain issues and too much free money sloshing around in the system after most Governments turned on the money printers (quantitative easing). They should have reduced the money supply last year when everything opened up.

 

[ncurd]

This is more COVID related I suspect. Supply chain issues and too much free money sloshing around in the system after most Governments turned on the money printers (quantitative easing). They should have reduced the money supply last year when everything opened up.

Don't forget in the UK we gave it all an added booster shot of Brexit complicated adding cost to any supply chain which involved import and export to the UK.

 

[McTallshort]

Rishi Sunak would add 'vilification of UK' to extremism definition if he becomes prime minister

The Tory leadership candidate says that people with "extreme hatred of our country" must be identified and "diverted away from a destructive path".

news.sky.com

Sorry if this has been brought up before but what the hell?! Effectively you can sent for re-education for slagging off the country off. We are now China just without the manufacturing industry

 

[Which Tyler]

Sorry if this has been brought up before but what the hell?! Effectively you can sent for re-education for slagging off the country off. We are now China just without the manufacturing industry

Oh, we've plenty of manufacturing here - how do you think this latest "outrage" started? It certainly wasn't a rash of British people hating on Britain.

 

[ncurd]

 

[Vieux Talonneur]

So my whole adult life has been either stumbling out the end of the 2007 crash, the credit crunch, austerity, Brexit, Covid and now Ukraine but apparently I've never had it better and I'm just part of a selfish me me me generation and wanting just a bit of stability is too much to ask? Now charging headlong into the worst inflation in decades and recession just as I'm buying a property? Oh goody...

The inflation is a real *******, but it's a confluence of events that should hopefully be relatively temporary, but will have a massive impact on peoples' lives while it lasts. Every generation has its challenges though - even allowing for recent increases interest rates are way below historic levels - norms let alone extremes. My first mortgage was capped at something like 12%…..flip side if you had money not debt (I didn't) you could get excellent, no risk, returns from a Building Society deposit account.

As for me me me, you can only generalise, but I don't think there's much doubt that every generation wants to have more and quicker than those that have gone before. That's not a criticism, just the way society evolves. Stability would be good though.

 

[Ragey Erasmus]

The inflation is a real *******, but it's a confluence of events that should hopefully be relatively temporary, but will have a massive impact on peoples' lives while it lasts. Every generation has its challenges though - even allowing for recent increases interest rates are way below historic levels - norms let alone extremes. My first mortgage was capped at something like 12%…..flip side if you had money not debt (I didn't) you could get excellent, no risk, returns from a Building Society deposit account.

As for me me me, you can only generalise, but I don't think there's much doubt that every generation wants to have more and quicker than those that have gone before. That's not a criticism, just the way society evolves. Stability would be good though.

Obviously generations go through hardships but economically my generation have not actually experienced a "boom" period yet, just bust, sluggish recovery from bust before the next crisis. I've not know another generation alive that has gone through pretty much 15 years of just one crisis after another without at least some sort of serious recovery and growth in between or a serious reorganisation of society. Generally after 15 years of problems you'd think you'd be on an upwards trend, we're on a downwards one with governments that down there with some of the worst in the last century. I don't think anyone can point to a period since the crash of 2007 and say it was really a period of great cultural change or prosperity, just stagnation culturally and economically. The high inflation may be short lived but the relative drop in wealth, on top of 15 years of already dropping, will have a huge impact and we could be looking at easily over a decade to reverse all the damage. 3 decades of stagnation, progressive wage drops, price increases, higher taxation but fewer services etc... Hell even the generation that lived through the 2 world wars had a period of prosperity in between (unless you were German). Obviously what they lived through was far worse but it's just that complete lack of proper recovery that is really hurting. There's just no spark, no feeling that things are actually getting better, just slowly sliding down the slope of worse and worse standards of living with no sign in sight of it being reversed.

It's like the energy has been sapped out of the country.

 

[ncurd]

As for me me me, you can only generalise, but I don't think there's much doubt that every generation wants to have more and quicker than those that have gone before. That's not a criticism, just the way society evolves. Stability would be good though.

Statistical analysis shows that Millenials (those younger than 40) will be the first generation that is on average poorer than their parents in history.

That's not a generalisation and genuine problem.

 

[ncurd]

FT article for information

Millennials poorer than previous generations, data show

Stagnant wages and rising house prices hit disposable income levels

www.ft.com

 

[pagliaccio_euforico]

Obviously generations go through hardships but economically my generation have not actually experienced a "boom" period yet, just bust, sluggish recovery from bust before the next crisis. I've not know another generation alive that has gone through pretty much 15 years of just one crisis after another without at least some sort of serious recovery and growth in between or a serious reorganisation of society. Generally after 15 years of problems you'd think you'd be on an upwards trend, we're on a downwards one with governments that down there with some of the worst in the last century. I don't think anyone can point to a period since the crash of 2007 and say it was really a period of great cultural change or prosperity, just stagnation culturally and economically. The high inflation may be short lived but the relative drop in wealth, on top of 15 years of already dropping, will have a huge impact and we could be looking at easily over a decade to reverse all the damage. 3 decades of stagnation, progressive wage drops, price increases, higher taxation but fewer services etc... Hell even the generation that lived through the 2 world wars had a period of prosperity in between (unless you were German). Obviously what they lived through was far worse but it's just that complete lack of proper recovery that is really hurting. There's just no spark, no feeling that things are actually getting better, just slowly sliding down the slope of worse and worse standards of living with no sign in sight of it being reversed.

It's like the energy has been sapped out of the country.

yeah young millennials and boomers have really been ******. Other than the crazy amount of cheap money that came out during the pandemic (which really hasn't been a fun time) there haven't been too many perks.

 

[LeinsterMan (NotTigsMan)]

Let's be real for Millenials the reality is our boom if it ever happens will be when the late Boomers to late Gen X start croaking.

My parents generation IMO will go down as the most selfish one for some time.
The kind of generation that didn't need a degree for most non specialised work and now most jobs require one. (But won't let you forget how they never went to Uni)

 

[Yulia]

Putin's plan

Made me laugh

Putin's Plan - Wikipedia

en.m.wikipedia.org

Almost immediately the expression was reinterpreted based on the Russian slang meaning of the term "план" for "marijuana", i.e., reading it as "Putin's Weed". A little-known band "Корейские LЁDчики" from Vladivostok gained in its popularity with the songs Putin and Putin's "Plan" [ru]).[4]​ the Moscow section of the Union of Right Forces sent a written request to Federal Drug Control Service of Russia to check whether "Putin's Plan" is a narcotic or psychotropic substance and carried out a rally against legalisation of controlled substances during which they gave out badges with various pun texts, such as "Putin's High Rating is Due to Putin's Plan."

Also other countries are raising their interest rates as well

The worst situation with it is in Poland now...in the UK it's more or less ok,from what I read here

 

[Bada-Bing!]

Interest rates have stayed too low for too long. It was never sustainable and the only reason they are so low is because most governments are up to their eyeballs in debt after 2008 but don't want to pay it back.

As much as I would love to blame this on Putin I fear that's a too simplistic answer

No Doubt it has, western economies are built on debt.

And what Putin has done in Ukraine reaches far beyond the battlefield there, he has weaponised the energy and food (grain) in Ukraine, which no doubt for me has contributed massively to the global prices and in turn inflation In western countries. His "war" is as much against the west as it is in Ukraine. That is what I was referring to.

 

[McTallshort]

Obviously generations go through hardships but economically my generation have not actually experienced a "boom" period yet, just bust, sluggish recovery from bust before the next crisis. I've not know another generation alive that has gone through pretty much 15 years of just one crisis after another without at least some sort of serious recovery and growth in between or a serious reorganisation of society. Generally after 15 years of problems you'd think you'd be on an upwards trend, we're on a downwards one with governments that down there with some of the worst in the last century. I don't think anyone can point to a period since the crash of 2007 and say it was really a period of great cultural change or prosperity, just stagnation culturally and economically. The high inflation may be short lived but the relative drop in wealth, on top of 15 years of already dropping, will have a huge impact and we could be looking at easily over a decade to reverse all the damage. 3 decades of stagnation, progressive wage drops, price increases, higher taxation but fewer services etc... Hell even the generation that lived through the 2 world wars had a period of prosperity in between (unless you were German). Obviously what they lived through was far worse but it's just that complete lack of proper recovery that is really hurting. There's just no spark, no feeling that things are actually getting better, just slowly sliding down the slope of worse and worse standards of living with no sign in sight of it being reversed.

It's like the energy has been sapped out of the country.

My grandparents generation went from WW1 to the great depression then WW2 but yeah you've had it really bad...

 

[Ragey Erasmus]

My grandparents generation went from WW1 to the great depression then WW2 but yeah you've had it really bad...

"Hell even the generation that lived through the 2 world wars had a period of prosperity in between (unless you were German)."

Missed that bit did you? Also the fact there was a whole decade called the "roaring 20's" in the middle there, not really what you call a decade of stagnation. I was talking more about the complete lack of any sort of uptick in prosperity, just a crisis followed by a partial recovery before the next crisis, at no point are we managing to achieve a full recovery before the next problem hits. I would have thought I had made that fairly obvious but apparently not...

The era from 1910-1950 was obviously worse at it's worst but the thing is the awfulness of the early 1910's was followed by a great prosperity in the 1920's. The horrible 1930's-40's was followed by a period of massive social change and eventual prosperity in the 50's and 60's. The terrible were followed by "boom" periods. We've had negative followed by stagnation followed by negative followed by stagnation. Where has the boom been in the last 15 years? Where is it on the horizon? All we have for the next half a decade predicted is more negative and stagnation. No massive social movements, a bit of a reorganisation of society following economic necessity during covid, no massive uptick in wealth or productivity. The positives have really been limited to simply not falling further. It's not that any moment in time things are worse than they have been for others, it's that it's just going on and on and on, a decay rather than a collapse.

 

[pagliaccio_euforico]

My grandparents generation went from WW1 to the great depression then WW2 but yeah you've had it really bad...

His comment was solely about how there hasn't been an economic boom since 2005. What are you going on about?

 

[McTallshort]

"Hell even the generation that lived through the 2 world wars had a period of prosperity in between (unless you were German)."

Missed that bit did you? Also the fact there was a whole decade called the "roaring 20's" in the middle there, not really what you call a decade of stagnation. I was talking more about the complete lack of any sort of uptick in prosperity, just a crisis followed by a partial recovery before the next crisis, at no point are we managing to achieve a full recovery before the next problem hits. I would have thought I had made that fairly obvious but apparently not...

The era from 1910-1950 was obviously worse at it's worst but the thing is the awfulness of the early 1910's was followed by a great prosperity in the 1920's. The horrible 1930's-40's was followed by a period of massive social change and eventual prosperity in the 50's and 60's. The terrible were followed by "boom" periods. We've had negative followed by stagnation followed by negative followed by stagnation. Where has the boom been in the last 15 years? Where is it on the horizon? All we have for the next half a decade predicted is more negative and stagnation. No massive social movements, a bit of a reorganisation of society following economic necessity during covid, no massive uptick in wealth or productivity. The positives have really been limited to simply not falling further. It's not that any moment in time things are worse than they have been for others, it's that it's just going on and on and on, a decay rather than a collapse.

When you say prosperity you mean the great depression?

 

[ncurd]

 

[Ragey Erasmus]

When you say prosperity you mean the great depression?

What do you think happened between ww1 and the great depression?

 

[ncurd]

You'r both making the mistake of conflating the US with the UK

Interwar Britain - Wikipedia

en.m.wikipedia.org

Either way it's not the point that should be made it's the fact you have to go back 100 years to find people who lived through a potentially comparable time during their working lives. The world wars and the deaths have a lot definitely means in my mind they had it worse IMO.

Each generation should be better off than the last that's how you know society is 'progressing' the fact their not is a damnanation of the generations that came before not the current one.