Government are considering fines and reclamation of land from developers who aren’t cracking on with their housing projects too.

https://www.bbc.co.uk/news/articles/cj42wz92rl0o.amp

I’m all for it too. Get stuff moving!

Yeah but privatisation encourages competition which will drive prices down

Would help if we would build some new reservoirs too as I think the last one was in the 80s.

Mad that we live in a country where it basically rains for 6 months of the year and yet 1/2 months of dry weather and there's always talk of hosepipe bans.

There’s certain things that are massively profitable that I just don’t understand why the Government don’t just do it themselves and keep the money.

Water is an obvious one. Trains too. Utilities are worth oodles. Weapons are worth billions each year.

The real one I don’t get is pharmaceuticals. Could absolutely coin it from that.

Privatisation has been a national disgrace and is right up there with Brexit and austerity as one of the stupidest acts of self harm in modern political history.
———
I’m sure Torynuts will try and defend it, as per usual.

comment by Robbing Hoody (U6374)
posted 2 minutes ago
There’s certain things that are massively profitable that I just don’t understand why the Government don’t just do it themselves and keep the money.

Water is an obvious one. Trains too. Utilities are worth oodles. Weapons are worth billions each year.

The real one I don’t get is pharmaceuticals. Could absolutely coin it from that.
----------------------------------------------------------------------
I find it morally repugnant that water has become a massively profitable business.

comment by Darren The King Fletcher (U10026)
posted 24 seconds ago
comment by Robbing Hoody (U6374)
posted 2 minutes ago
There’s certain things that are massively profitable that I just don’t understand why the Government don’t just do it themselves and keep the money.

Water is an obvious one. Trains too. Utilities are worth oodles. Weapons are worth billions each year.

The real one I don’t get is pharmaceuticals. Could absolutely coin it from that.
----------------------------------------------------------------------
I find it morally repugnant that water has become a massively profitable business.
----------------------------------------------------------------------

Apparently the likes of Vanguard and Blackrock are buying up water rights all over the world with a view that it’ll be BY FAR the most important commodity once the world is fully on fire.

comment by Robbing Hoody (U6374)
posted 10 minutes ago
comment by Darren The King Fletcher (U10026)
posted 24 seconds ago
comment by Robbing Hoody (U6374)
posted 2 minutes ago
There’s certain things that are massively profitable that I just don’t understand why the Government don’t just do it themselves and keep the money.

Water is an obvious one. Trains too. Utilities are worth oodles. Weapons are worth billions each year.

The real one I don’t get is pharmaceuticals. Could absolutely coin it from that.
----------------------------------------------------------------------
I find it morally repugnant that water has become a massively profitable business.
----------------------------------------------------------------------

Apparently the likes of Vanguard and Blackrock are buying up water rights all over the world with a view that it’ll be BY FAR the most important commodity once the world is fully on fire.
----------------------------------------------------------------------
Yeah I’ve heard that, absolutely disgusting.

comment by Robbing Hoody (U6374)
posted 12 minutes ago
comment by Darren The King Fletcher (U10026)
posted 24 seconds ago
comment by Robbing Hoody (U6374)
posted 2 minutes ago
There’s certain things that are massively profitable that I just don’t understand why the Government don’t just do it themselves and keep the money.

Water is an obvious one. Trains too. Utilities are worth oodles. Weapons are worth billions each year.

The real one I don’t get is pharmaceuticals. Could absolutely coin it from that.
----------------------------------------------------------------------
I find it morally repugnant that water has become a massively profitable business.
----------------------------------------------------------------------

Apparently the likes of Vanguard and Blackrock are buying up water rights all over the world with a view that it’ll be BY FAR the most important commodity once the world is fully on fire.
----------------------------------------------------------------------

Quantum of Solace-esque

comment by Boris 'Inky’ Gibson (U5901)
posted 39 minutes ago
Yeah but privatisation encourages competition which will drive prices down
----------------------------------------------------------------------
Never fails to get me, that one

Is there any other discipline - and I use that term very generously - in which the dusty classical theory the establishment still desperately clings to (and sadly hangs policy off) has been, and continues to be, so poorly supported by empirical evidence as microeconomics?

comment by EVERYTHING’S POTE! (U17054)
posted 17 seconds ago
comment by Boris 'Inky’ Gibson (U5901)
posted 39 minutes ago
Yeah but privatisation encourages competition which will drive prices down
----------------------------------------------------------------------
Never fails to get me, that one

Is there any other discipline - and I use that term very generously - in which the dusty classical theory the establishment still desperately clings to (and sadly hangs policy off) has been, and continues to be, so poorly supported by empirical evidence as microeconomics?
----------------------------------------------------------------------

The trickle down effect

If I had a time machine, the first thing I'd do is travel back to 18th century Scotland and show Adam Smith the back of my 'invisible hand'.

comment by EVERYTHING’S POTE! (U17054)
posted 1 minute ago
comment by Boris 'Inky’ Gibson (U5901)
posted 39 minutes ago
Yeah but privatisation encourages competition which will drive prices down
----------------------------------------------------------------------
Never fails to get me, that one

Is there any other discipline - and I use that term very generously - in which the dusty classical theory the establishment still desperately clings to (and sadly hangs policy off) has been, and continues to be, so poorly supported by empirical evidence as microeconomics?
----------------------------------------------------------------------
The theory doesn’t really come into practice when one company is given a total monopoly

comment by Robbing Hoody (U6374)
posted 1 minute ago
comment by EVERYTHING’S POTE! (U17054)
posted 17 seconds ago
comment by Boris 'Inky’ Gibson (U5901)
posted 39 minutes ago
Yeah but privatisation encourages competition which will drive prices down
----------------------------------------------------------------------
Never fails to get me, that one

Is there any other discipline - and I use that term very generously - in which the dusty classical theory the establishment still desperately clings to (and sadly hangs policy off) has been, and continues to be, so poorly supported by empirical evidence as microeconomics?
----------------------------------------------------------------------

The trickle down effect
----------------------------------------------------------------------
OK, yeah, I guess supply-side economics is just as bad.

At least that's relatively new bunk though. Basing policy on a model of perfectly competitive markets is 250 year old bunk.

That's the first thing you'd do?

Caligula's.orgies all the way, putting diddy to shame

comment by CrouchEndGooner (U13531)
posted less than a minute ago
That's the first thing you'd do?

Caligula's.orgies all the way, putting diddy to shame
----------------------------------------------------------------------
I don’t know what the question was but I agree with your answer

The Duffy trial is absolutely box office 😂

Breaking into Kid Cudi’s house and opening his Christmas presents is just insane.

It’s worth following 50 Cent on insta just for the bantz atm

Duffy? Oops. Welsh singer.

Diddy*

The Diddymen were a mainstay of my childhood

comment by Boris 'Inky’ Gibson (U5901)
posted 31 seconds ago
comment by EVERYTHING’S POTE! (U17054)
posted 1 minute ago
comment by Boris 'Inky’ Gibson (U5901)
posted 39 minutes ago
Yeah but privatisation encourages competition which will drive prices down
----------------------------------------------------------------------
Never fails to get me, that one

Is there any other discipline - and I use that term very generously - in which the dusty classical theory the establishment still desperately clings to (and sadly hangs policy off) has been, and continues to be, so poorly supported by empirical evidence as microeconomics?
----------------------------------------------------------------------
The theory doesn’t really come into practice when one company is given a total monopoly
----------------------------------------------------------------------
The theory, even if it were sound, could come into practice *by its very own conditions* unless you had a vast number of suppliers (exists in virtually no markets), homogeneous products (exists in virtually no markets), zero barriers to entry or exit for firms (exists in literally zero markets), perfect and open knowledge of prices and product characteristics (exists in literally zero markets), perfectly equal and unbiased treatment of suppliers (probably exists in zero markets), and the prevention of pricing influence by any given supplier or suppliers (realistically exists in zero markets).

The assumptions that price competition are built on are trash.

*couldn't come into practice

comment by CrouchEndGooner (U13531)
posted 14 minutes ago
That's the first thing you'd do?

Caligula's.orgies all the way, putting diddy to shame
----------------------------------------------------------------------
I’m not one for killing babies but there’s one we all know should have been snuffed out at a very young age.

Jose Mourinho.

comment by Darren The King Fletcher (U10026)
posted 9 seconds ago
comment by CrouchEndGooner (U13531)
posted 14 minutes ago
That's the first thing you'd do?

Caligula's.orgies all the way, putting diddy to shame
----------------------------------------------------------------------
I’m not one for killing babies but there’s one we all know should have been snuffed out at a very young age.

Jose Mourinho.
----------------------------------------------------------------------
You could instead have gone back and humped Jose’s mum a day earlier than his conception.

I wouldn’t want to risk fathering a Portuguese terrorist.

comment by Darren The King Fletcher (U10026)
posted 6 minutes ago
I wouldn’t want to risk fathering a Portuguese terrorist.
----------------------------------------------------------------------
Have you seen his mum though?