Pre on Nostr: Rachel Reeves is delivering her speech from Siemens rather than to the commons, I ...
Rachel Reeves is delivering her speech from Siemens rather than to the commons, I guess because Business is the most important thing now?
She's explaining how she'll make the economy grow.
She thinks thriving businesses create jobs for workers, rather than the workers creating wealth for the businesses. So that's a bad start.
Apparently as she wonders around the UK she finds our dying high streets optimistic! Because of AI and Deep Mind and Siemens.
All those other politicians before her have lacked courage and not prized growth, she thinks. 😕
So she wants:
* Stability
Which means budget responsibility, fiscal rules, no taxing business, and thus no government spending.
There is No Alternative, apparently.
Growth though government spending to build state-owned infrastructure is unmentionable!
* Reform to attract investment
Make is easier for business to borrow and trade and build. But NOT rejoining the common market of course, only a "reset". 😆 It means improving our relationship with Trump instead. He's all about free trade you see. 😖.
They'll cut benefits to create jobs somehow?? And reduce immigration, because extra workers are notoriously bad for growth? 😖
Also let companies raid their pension funds more easily. 🤯 They'll change the monopolies and mergers commission so it allows bigger more monopolistic business.
Planning reform, to streamline the process and reform environmental legislation to help business ride roughshod over local objections and build data-centers and nuclear power plants and airports and windfarms even if they're environmentally unsound and bad for bats.
* Get investment from abroad
Because the UK can't print it's own money to invest with I guess.
Expand investment schemes to bribe billionaires with lower taxes and more subsidies.
National wealth fund to give billions to companies to build private charging network, and a private metal refinery to build solar power panels.
Remove marine protections to allow building windfarms even if they kill the fishes.
Launch an "industrial strategy" to give money to billionaires so they will build AI data-centers and life-sciences labs and deliver a privately-owned infrastructure like a crossing at Dover owned by a private company.
New investment rule to allow counting government owned infrastructure as an asset (oh, a good one! 😃 )
Upgrade some railways especially in the north and so attract private business to build houses at the stations. (eh, okay, maybe some council-owned social housing too would be nice?)
Finally, she's going to allow Heathrow to try and build a new runway, which definitely will not be a boondogle project that runs for years and costs billions because we don't have the workers to build it, and ends up cancelled because it's environmentally unconscionable.
--
So all in all, they are determined that they will seek private growth and billionaire investment in private enterprise and ignore almost all opportunity to grow government-owned infrastructure or enterprise.
Which means they will be nice to Billionaires and crack down on the sick people and the environment and state owned enterprise to achieve it.
Which also means they will fail, because in reality billionaires don't cause growth, they are parasitic upon it. Growth comes from the workers, from a rich middle class proving the demand which the billionaires and businesses then exploit.
Not to mention that growth at the cost of the environment might end up dooming us all.
#ukPol #economics #growth #rachelReeves
She's explaining how she'll make the economy grow.
She thinks thriving businesses create jobs for workers, rather than the workers creating wealth for the businesses. So that's a bad start.
Apparently as she wonders around the UK she finds our dying high streets optimistic! Because of AI and Deep Mind and Siemens.
All those other politicians before her have lacked courage and not prized growth, she thinks. 😕
So she wants:
* Stability
Which means budget responsibility, fiscal rules, no taxing business, and thus no government spending.
There is No Alternative, apparently.
Growth though government spending to build state-owned infrastructure is unmentionable!
* Reform to attract investment
Make is easier for business to borrow and trade and build. But NOT rejoining the common market of course, only a "reset". 😆 It means improving our relationship with Trump instead. He's all about free trade you see. 😖.
They'll cut benefits to create jobs somehow?? And reduce immigration, because extra workers are notoriously bad for growth? 😖
Also let companies raid their pension funds more easily. 🤯 They'll change the monopolies and mergers commission so it allows bigger more monopolistic business.
Planning reform, to streamline the process and reform environmental legislation to help business ride roughshod over local objections and build data-centers and nuclear power plants and airports and windfarms even if they're environmentally unsound and bad for bats.
* Get investment from abroad
Because the UK can't print it's own money to invest with I guess.
Expand investment schemes to bribe billionaires with lower taxes and more subsidies.
National wealth fund to give billions to companies to build private charging network, and a private metal refinery to build solar power panels.
Remove marine protections to allow building windfarms even if they kill the fishes.
Launch an "industrial strategy" to give money to billionaires so they will build AI data-centers and life-sciences labs and deliver a privately-owned infrastructure like a crossing at Dover owned by a private company.
New investment rule to allow counting government owned infrastructure as an asset (oh, a good one! 😃 )
Upgrade some railways especially in the north and so attract private business to build houses at the stations. (eh, okay, maybe some council-owned social housing too would be nice?)
Finally, she's going to allow Heathrow to try and build a new runway, which definitely will not be a boondogle project that runs for years and costs billions because we don't have the workers to build it, and ends up cancelled because it's environmentally unconscionable.
--
So all in all, they are determined that they will seek private growth and billionaire investment in private enterprise and ignore almost all opportunity to grow government-owned infrastructure or enterprise.
Which means they will be nice to Billionaires and crack down on the sick people and the environment and state owned enterprise to achieve it.
Which also means they will fail, because in reality billionaires don't cause growth, they are parasitic upon it. Growth comes from the workers, from a rich middle class proving the demand which the billionaires and businesses then exploit.
Not to mention that growth at the cost of the environment might end up dooming us all.
#ukPol #economics #growth #rachelReeves