Britain is Special

[Rajoo]

Originally Posted by Dondilion

How the pie is going to grow when energy is so expensive for everyone?

The controllers of Europe went for spot price and round the clock sanctions and ended up with Ted Cruz. Now Germany the engine of Europe (aided by very cheap Russian gas) is looking at deindustrialization. Some of its manufacturing industries are relocating to the US. Trump must be having a good laugh.

And the alternative is negotiate with the devil, aka Putin?

[finnbow]

Truss may well have killed off an ideological project that has animated sections of the right, in Britain and across the democratic world, for the best part of half a century. The vision was of a low tax, low regulation society where the richest are freed to unleash their awesome talents and make themselves even richer.

According to this vision – whether you call it Hayekism, ultra-Thatcherism, Reaganism or economic libertarianism – when the fortunate few at the top soar ever upwards, some of their wealth trickles down to those at the bottom. Versions of it have held sway at different periods in Britain, the United States and beyond.

Now, though, such dreams will be branded as Trussonomics – and that label will be the kiss of death. In six short weeks Truss has discredited high-octane, free-market economics, perhaps forever.

https://www.theguardian.com/politics...exit-brexitism

[Dondilion]

Originally Posted by donquixote99

Will use this topic for news of the cultural mother of Anglo USA.

Big news this morning is that PM Liz Truss has resigned, completing the wreck of her project to help the very deserving super rich by slashing taxes and regulations. She did enormous damage to the economy in an incredibly short time, hopefully creating a lasting electoral effect in Britain. Whenever they are allowed to vote again....

Liz Truss and her clique were just plain dumb. What unraveled their economy was spot price which was heavily influenced by sanctions.

[donquixote99]

Originally Posted by Dondilion

Liz Truss and her clique were just plain dumb. What unraveled their economy was spot price which was heavily influenced by sanctions.

Hmmm. So supply-side economics has NOT been discredited by the very markets they worship? Who would want us to think that?

[Dondilion]

Originally Posted by donquixote99

Hmmm. So supply-side economics has NOT been discredited by the very markets they worship? Who would want us to think that?

Of course supply side has been discredited. I believe she probably could have gotten away with it if the economy was better. What killed the economy was spot price of energy.

[Oerets]

_______

[Chicks]

[finnbow]

Check this video from the Daily Show about the GOP's embrace of Liz Truss's economic policies. LOL.

https://twitter.com/i/status/1583594731161919488

[RickeyM]

Originally Posted by finnbow

Check this video from the Daily Show about the GOP's embrace of Liz Truss's economic policies. LOL.

https://twitter.com/i/status/1583594731161919488

Maybe Randy Rainbow could make that Twitter post a theme for his next masterpiece? I wonder if SNL will weigh in on the situation?

[Pio1980]

Tinkle down economics.
Serve them tax exempt champagne, we get it, recycled, and pay for it.