version

Well-known member
Gordon Brown's tweeting (and written an article) about Boris and Lynton Crosby planning to pack the HoL with a load of new Tory peers on condition they give up a say over any votes and vote with the party at all times.

Also Crosby's apparently mentioned they'll deliberately appoint a few controversial or famous figures to draw the attention of the press from the bigger picture.

 

rubberdingyrapids

Well-known member
This might he better In another thread but anyway



"What these terms suggest is that economies like Britain’s have effectively abandoned the pursuit of prosperity through the traditional capitalist practices of investment in technology, R&D, skills and entrepreneurship (all of which offer a reason and a means for businesses to increase wages), and descended instead into passive speculation on unproductive assets, above all housing, but extending to such Ponzi schemes as NFTs and other cryptocurrencies. This tendency can be dated back to the explosion of financial services in the late 1980s, but has become acute in the years since the 2008 financial crisis, when – for reasons that aren’t entirely clear – an abundance of very cheap credit, which could have been used for the creation of new firms, new production methods, whole new business models, was instead used to inflate the value of existing assets even further. One reason that highly unequal, low-productivity economies tend towards stagnation is that wealth management strategies of the sort pursued by the super-rich become largely defensive, aimed at preserving and exploiting existing assets, rather than risk-taking. The Resolution Foundation is quite praising of recent government efforts to increase the rate of investment in the public sector, but despairs at the extraordinarily low investment in the private sector. To put it bluntly, Britain’s capitalist class has effectively given up on the future. It’s against this economic backdrop that the nostalgia fest of the Tory leadership election is taking place."
 
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