RayC
Advanced Member-
Posts
4,032 -
Joined
-
Last visited
Content Type
Events
Forums
Downloads
Quizzes
Gallery
Blogs
Everything posted by RayC
-
Man, 53, Fatally Mauled by Own XL Bully Dog in Lancashire
RayC replied to Social Media's topic in World News
That sounds a lot like the argument used by the gun lobby in the US. Could be a coincidence (I doubt it) but there are a lot fewer deaths from firearms in the UK - where ownership of guns is restricted - than the US. Maybe we should restrict ownership and cross-breeding of dogs and see if that has any effect. -
As I said previously, you are employing a 'sliding doors' type argument. This renders any discussion meaninglessness. What would have happened if the IRA had succeeded in assassinating Thatcher? What if Gordon Brown - not Tony Blair - had succeeded John Smith? No doubt scenarios can be modelled, but there are an almost infinite number of permutations and underlining assumptions, so imo it is a meaningless exercise. Very few, if any, government policy decisions can be definitely categorised as 'good' or 'bad'. What we should do is make an 'informed' opinion based on the evidence. In the case of the privatisation of public goods in the '80s - and at the risk of over-generalising - I would contend that the evidence suggests that it did more harm than good.
-
Alternatively, you could supply a link(s) detailing how the '80s privatisations benefitted the UK and then we could have a discussion about the relative merits of our cases. There are most probably studies which considered alternative scenarios to the mass privatisations of the '80s. I note that you ignore the evidence I put forward about Railtrack.
-
It's a 'sliding doors' argument. Using your rationale few, if any, government policies or decisions can ever be judged as we can't know what would happened if the alternative(s) had been enacted. I have already supplied links about the effects of the privatisation of some utilities e.g. water in the 1980s. Imo this evidence suggests that the negative effects outweigh the positive. As for a direct point of comparison. What about Railtrack? The privatised company went into administration. Without government intervention, the UK would have had no functioning rail service. There cannot be any doubt that would have been a negative outcome.
-
You don't appear to have a very high opinion of the general public. Imo the problem WAS the 'philosophy' of privatisation (capitalism) - at least as practiced by Thatcher - which seemingly centred on the idea that all regulation was bad and that private sector monopolies were more efficient than their public counterparts. As I said previously, evidence over the last 40 years suggests otherwise and that public goods e.g. water, gas, electricity, telecomms, etc, which are natural monopolies and require large capital investment, are better off being centrally managed by the state.
-
I agree that judgements are often passed too quickly - look no further than threads on this forum for proof of this: Labour is a failure after two months in office!! - however, I would suggest that 40 years is more than enough elapsed time to start drawing conclusions regarding the costs and benefits of privatisation. Using the very narrow measurement of direct government support, privatisation might be judged a success. Even here there must be a caveat: For example, the privatisation and subsequent enforced re-nationalisation of the rail network (Railtrack) was nothing but an unmitigated disaster by whatever criterion is used. I would also argue that from a wider economic and societal perspective, privatisation has been a failure. Privatisation was a contributory factor in the increase in unemployment in the UK in the '80s. Not only were there direct costs e.g. payment of unemployment benefits, there were indirect economic costs in the reduction in consumer spending, etc: The societal costs were even greater with communities being devastated. It may be difficult to quantify costs definitely but - rather like Brexit - I would argue that the body of evidence points overwhelming to privatisation having a net negative effect. https://www.ciwem.org/the-environment/how-should-water-and-environmental-management-firms-tap,-retain-and-promote-female-talent https://lordslibrary.parliament.uk/the-uk-economy-in-the-1980s/#:~:text=The upshot of all of,time since the interwar depression. https://www.economicsobservatory.com/what-size-fiscal-multiplier
-
Banking been stopped!!!!!!!!!!!
RayC replied to slappy's topic in Jobs, Economy, Banking, Business, Investments
Can you post a link please. -
Banking been stopped!!!!!!!!!!!
RayC replied to slappy's topic in Jobs, Economy, Banking, Business, Investments
See also my reply to Liverpoollou. The key phrase is, "UK banks have the DISCRETION (my caps) to close accounts for non-residents" However, to repeat: There is NO regulation i.e. legal restriction, which prevents UK banks from either offering new accounts to those who live overseas* or forcing UK banks to close the accounts of those who live overseas. These are self-imposed restrictions by the individual UK banks. * In practice it appears all but impossible for an account to be opened. -
Banking been stopped!!!!!!!!!!!
RayC replied to slappy's topic in Jobs, Economy, Banking, Business, Investments
That may well be the case but it is completely different from your original proposition i.e. "It is all to do with banking regulations that state that only UK residents can have a UK bank account", which I maintain is untrue in the absence of a link to the contrary from a relevant authority e.g. UK government/ FCA website. The bottom line is as follows: 1. It is NOT illegal to either open or maintain a UK bank account while living abroad however ... 2. It is extremely difficult (in practice, perhaps, Impossible?) to open a new UK bank account while living abroad 3. SOME banks may close your UK account if you are living/ relocate abroad. Again, this not a legal requirement; it is policy put in place by the individual banks and the extent to which this restriction is enforced depends on the individual bank. My own experience - and that of friends - is that HSBC appear to be less strict in closing accounts. Others may have had a different experience. I am not usually pedantic and I am not trying to score points, but it is important to be clear about this matter and not post misleading information which might possibly, cause unnecessary worry to some individuals. -
Latest developments and discussion of recent events in the Ukraine War
RayC replied to Rimmer's topic in The War in Ukraine
Before what started? Putin's annexation of Crimea? His backing of separatists in Donbass? The invasion in 2022? Negotiate under what terms? Either you give us (Russia) what we want or we will carry out the actions detailed in the previous paragraph? I call that appeasement and rewarding the aggressor. -
Banking been stopped!!!!!!!!!!!
RayC replied to slappy's topic in Jobs, Economy, Banking, Business, Investments
If you can supply a link detailing the regulation, which states that only UK residents can hold a UK bank account, then I will willingly withdraw my comment and apologize. In the meantime, I maintain that you are incorrect. Moreover, in the unlikely event that such a regulation does indeed exist, UK banks would have no real discretion about whether to implement and enforce it. They would have to do so or run the risk of being taken to court and/or being sanctioned by the Financial Conduct Authority (FCA). -
Latest developments and discussion of recent events in the Ukraine War
RayC replied to Rimmer's topic in The War in Ukraine
Which is why I said that some of the questions are gradually being answered. -
Latest developments and discussion of recent events in the Ukraine War
RayC replied to Rimmer's topic in The War in Ukraine
It is ignoring it in the sense that you compared Russia only with Ukraine. You made no mention of the resources which NATO possesses and which might become available to Ukraine. That is certainly one question - and arguably the most important - but it is by no means the only one. Others - some of which are gradually being answered - include, 'Can Ukraine deploy NATO weapons inside Russia?'; 'Should/Can NATO increase the supply of armaments to Ukraine?'; 'Should it become more involved in the coordination of Ukraine's planning approach to the war?', etc. -
It might also be as simple as the Finnish and Swedish governments deciding that the security of their nations is now best served by them becoming members of NATO, and the NATO authorities accepting Finland's and Sweden's applications at face value.
-
Latest developments and discussion of recent events in the Ukraine War
RayC replied to Rimmer's topic in The War in Ukraine
That may well be the case but it ignores NATO forces which tilts the balance significantly in Ukraine's favour. Therefore the real question is, 'Should the West i.e. NATO stand by idly while Putin attempts to redraw international borders in Europe?" -
Banking been stopped!!!!!!!!!!!
RayC replied to slappy's topic in Jobs, Economy, Banking, Business, Investments
That's not correct. I know many individuals who are overseas residents in Thailand and elsewhere - and who have advised their banks of their overseas addresses - who are still able to maintain and use their UK bank accounts. Opening a new UK bank account as an overseas resident might be another matter. It shouldn't really affect Thai residents, but I suspect that if UK banking regulations start to diverge significantly from EU regulations then all overseas residents will be caught up in any likely restrictions. -
The most sensible comment from a politician "I want them to stop dying"
RayC replied to BobBKK's topic in The War in Ukraine
@Patong2021 Welcome to the (not very exclusive) club. Your membership confirms that you have posted a rational argument. -
Introducing 'women only' carriages seems like a sensible idea to me so long as it doesn't cause too much operational disruption. However, an attempt to uncover the underlying cause(s) of the increase should also be undertaken and I would hope that TfL are doing so. It's possible that a change in cultural norms is a factor in this increase, but I wouldn't like to preempt the findings of any investigation.
-
Acknowledgement of what? The only things that I can gauge from the report and videos is that 1) unfortunately, violent crimes against women on LT are on the increase and 2) part - but by no means all - of this increase may be due to an increased willingness of women to support such incidents. Perhaps you can spell out what I missed?