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Post by see2 on Apr 3, 2023 11:26:25 GMT
So the private sector dislike Government interference, Thatcher herself said she believed the 'Market should decide'. All I see is the rich saying 'Oh no!, its not our fault, its that nasty government not pampering us'. Nationalised industries: 1 in 10 British people worked in these nationalised industries. Output increased in several industries, for example coal. Working conditions in the coal industry improved as workers benefitted from paid holidays and sickness pay. Railway lines now linked the more remote areas together. Private companies would have seen this as a non-profit making idea and so may have avoided it. More countryside areas were electrified under this new ownership. The Government paid £2700 million in compensation to the previous industries. So what did the industrialists do with this huge bounty of unexpected wealth? They apparently failed to reinvest it in the British economy. It probably felt too good stuck in their Bank accounts, hmm, another new car up their driveway, foreign holidays, a new yacht, a new and better home, or maybe a Folly or two? I guess we will never know. Bunkum - the nationalised railway cut services, the nationalised coal board cut production and nationalised trucking only lasted 4 years before it needed privatising again..  Again you use the truth to insinuate a lie and you ignored a VERY relevant question, you are too well sussed out by now probably by everyone but yourself. As I have previously stated that which was done were considered necessary at that time. By the mid 1960s trains had lost too many passengers to private cars, which is why the Nationalised railways cut services, Private railways would have hit the same problem. "the nationalised coal board cut production"-- Starting in the mid 1980s, employment in the coal industry fell from 1.2 to 0.8 million, and the British share of the world coal market dropped from 59% to 37%.I have no knowledge as to the problems of the trucking industry, and you seem to be shy of posting any knowledge you may have on it. |
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Post by Toreador on Apr 3, 2023 15:14:25 GMT
Post-war private investment wasn't an easy thing to secure, particularly as government, in their lunge to nationalise, were doing so little to make an investment in infrastructure or industry and commerce. They should, like Germany and Japan, have got heavily involved in regenerating Britain which in turn would have encouraged private investment; with rare exception little changed thereafter, whichever goverrnment was in power. Had they done the right thing, sorting management and unions out in the process, we would have emerged as a major industrial and commercial giant....then they could have attended to setting up a national health service and sorting out those national industries that needed sorting out, without nationalising all of them. So the private sector dislike Government interference, Thatcher herself said she believed the 'Market should decide'. All I see is the rich saying 'Oh no!, its not our fault, its that nasty government not pampering us'. Nationalised industries: 1 in 10 British people worked in these nationalised industries. Output increased in several industries, for example coal. Working conditions in the coal industry improved as workers benefitted from paid holidays and sickness pay. Railway lines now linked the more remote areas together. Private companies would have seen this as a non-profit making idea and so may have avoided it. More countryside areas were electrified under this new ownership.
The Government paid £2700 million in compensation to the previous industries. So what did the industrialists do with this huge bounty of unexpected wealth? They apparently failed to reinvest it in the British economy. It probably felt too good stuck in their Bank accounts, hmm, another new car up their driveway, foreign holidays, a new yacht, a new and better home, or maybe a Folly or two? I guess we will never know.They should have stopped subsidising those industries who would then have fallen like flies and cost far less to acquire. However, many of them would then stop donating to political parties either as comapanies or as Fauntleroys. As to which Fauntleroys invested in commerce/industry then recall a company called Terson, they were a construction company, a large one at that, who took their name from the transport company they had owned, Carter Pa Terson. Tersons were one of a number of companies involved in the dubious construction of concrete tower blocks, many of which either cost a fortune to correct or were demolished. |
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Post by see2 on Apr 3, 2023 15:40:50 GMT
So the private sector dislike Government interference, Thatcher herself said she believed the 'Market should decide'. All I see is the rich saying 'Oh no!, its not our fault, its that nasty government not pampering us'. Nationalised industries: 1 in 10 British people worked in these nationalised industries. Output increased in several industries, for example coal. Working conditions in the coal industry improved as workers benefitted from paid holidays and sickness pay. Railway lines now linked the more remote areas together. Private companies would have seen this as a non-profit making idea and so may have avoided it. More countryside areas were electrified under this new ownership.
The Government paid £2700 million in compensation to the previous industries. So what did the industrialists do with this huge bounty of unexpected wealth? They apparently failed to reinvest it in the British economy. It probably felt too good stuck in their Bank accounts, hmm, another new car up their driveway, foreign holidays, a new yacht, a new and better home, or maybe a Folly or two? I guess we will never know.They should have stopped subsidising those industries who would then have fallen like flies and cost far less to acquire. However, many of them would then stop donating to political parties either as comapanies or as Fauntleroys. As to which Fauntleroys invested in commerce/industry then recall a company called Terson, they were a construction company, a large one at that, who took their name from the transport company they had owned, Carter Pa Terson. Tersons were one of a number of companies involved in the dubious construction of concrete tower blocks, many of which either cost a fortune to correct or were demolished. The first concrete tower block constructed under the the Tories in 1951. |
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Post by Toreador on Apr 3, 2023 16:52:52 GMT
They should have stopped subsidising those industries who would then have fallen like flies and cost far less to acquire. However, many of them would then stop donating to political parties either as comapanies or as Fauntleroys. As to which Fauntleroys invested in commerce/industry then recall a company called Terson, they were a construction company, a large one at that, who took their name from the transport company they had owned, Carter Pa Terson. Tersons were one of a number of companies involved in the dubious construction of concrete tower blocks, many of which either cost a fortune to correct or were demolished. The first concrete tower block constructed under the the Tories in 1951. I know that but You should check under which political party it was planned. As a for instance, Gresham Tower was erected under a Tory government but passed by planning and building control during that man Wilson's tenure, just like dozens more. |
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Post by Pacifico on Apr 3, 2023 17:04:10 GMT
Bunkum - the nationalised railway cut services, the nationalised coal board cut production and nationalised trucking only lasted 4 years before it needed privatising again.. Again you use the truth to insinuate a lie and you ignored a VERY relevant question, you are too well sussed out by now probably by everyone but yourself. As I have previously stated that which was done were considered necessary at that time. By the mid 1960s trains had lost too many passengers to private cars, which is why the Nationalised railways cut services, Private railways would have hit the same problem. "the nationalised coal board cut production"-- Starting in the mid 1980s, employment in the coal industry fell from 1.2 to 0.8 million, and the British share of the world coal market dropped from 59% to 37%.I have no knowledge as to the problems of the trucking industry, and you seem to be shy of posting any knowledge you may have on it.
Eh? - you claim that Nationalisation was necessary, but if you don't know what industries were Nationalised how can you determine that Nationalisation was necessary? |
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Post by zanygame on Apr 3, 2023 18:15:29 GMT
Any government 'investment' is going to be instead of, rather than than in addition to, private investment decisions. As he can't gain from his decisions by supporting winners, the game for such decision maker becomes to exploit the position in a corrupt way - ie the incentives are all wrong. It might be 'okay' for a period if honest people can retain control, but it isn't self fixing in the way private investment is and it will become corrupt. Germany manages. But moving on, what is the solution then? Its well known that everything up to and including the jet engine was invented in Britain but developed abroad. Getting investment in the UK is a nightmare, business angels are greedy with little interest in the company beyond the returns they can get. I got lucky in that a rich investor tried my product and loved it enough to want to invest for the right reasons. |
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Post by Orac on Apr 3, 2023 18:53:14 GMT
Any government 'investment' is going to be instead of, rather than than in addition to, private investment decisions. As he can't gain from his decisions by supporting winners, the game for such decision maker becomes to exploit the position in a corrupt way - ie the incentives are all wrong. It might be 'okay' for a period if honest people can retain control, but it isn't self fixing in the way private investment is and it will become corrupt. But moving on, what is the solution then? Its well known that everything up to and including the jet engine was invented in Britain but developed abroad. "The solution" is a tax and regulation system which encourages entrepreneurial investment and production. Sadly, that leaves fewer protected positions for the hangers on in government positions. The government does have a role beyond this - they should encourage national loyalty and foster confidence that people wont have the rug pulled out from under their feet |
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Post by zanygame on Apr 3, 2023 19:07:14 GMT
But moving on, what is the solution then? Its well known that everything up to and including the jet engine was invented in Britain but developed abroad. "The solution" is a tax and regulation system which encourages entrepreneurial investment and production. Sadly, that leaves fewer protected positions for the hangers on in government positions. WE already have tax breaks for investors, loads of them. Now you're taking the piss. As a business man facing his third once in a life time crises with minimal government help. |
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Post by Orac on Apr 3, 2023 19:37:15 GMT
WE already have tax breaks for investors, loads of them. 'Tax breaks' get mostly eaten up by the bureaucrats and tax lawyers - just reduce taxation. |
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Post by zanygame on Apr 3, 2023 20:16:44 GMT
WE already have tax breaks for investors, loads of them. 'Tax breaks' get mostly eaten up by the bureaucrats and tax lawyers - just reduce taxation. Please don't talk rubbish if you don't know something. |
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Post by see2 on Apr 3, 2023 20:28:15 GMT
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Post by see2 on Apr 3, 2023 20:34:06 GMT
Again you use the truth to insinuate a lie and you ignored a VERY relevant question, you are too well sussed out by now probably by everyone but yourself. As I have previously stated that which was done were considered necessary at that time. By the mid 1960s trains had lost too many passengers to private cars, which is why the Nationalised railways cut services, Private railways would have hit the same problem. "the nationalised coal board cut production"-- Starting in the mid 1980s, employment in the coal industry fell from 1.2 to 0.8 million, and the British share of the world coal market dropped from 59% to 37%.I have no knowledge as to the problems of the trucking industry, and you seem to be shy of posting any knowledge you may have on it.
Eh? - you claim that Nationalisation was necessary, but if you don't know what industries were Nationalised how can you determine that Nationalisation was necessary? You have finally tied yourself in knots, ^^^ your post is the epitome of desperate stupidity. |
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Post by see2 on Apr 3, 2023 20:37:59 GMT
The first concrete tower block constructed under the the Tories in 1951. I know that but You should check under which political party it was planned. As a for instance, Gresham Tower was erected under a Tory government but passed by planning and building control during that man Wilson's tenure, just like dozens more. That's probably why the first one is now a grade2 listed building, so not like "dozens more"  . |
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Post by sandypine on Apr 3, 2023 21:07:18 GMT
Any government 'investment' is going to be instead of, rather than than in addition to, private investment decisions. As he can't gain from his decisions by supporting winners, the game for such decision maker becomes to exploit the position in a corrupt way - ie the incentives are all wrong. It might be 'okay' for a period if honest people can retain control, but it isn't self fixing in the way private investment is and it will become corrupt. Germany manages. But moving on, what is the solution then? Its well known that everything up to and including the jet engine was invented in Britain but developed abroad. Getting investment in the UK is a nightmare, business angels are greedy with little interest in the company beyond the returns they can get. I got lucky in that a rich investor tried my product and loved it enough to want to invest for the right reasons. But with all the others they did not want to know and even if just some of them were the ones controlling government money you would have been out of luck. The returns on capital is the very lifeblood of venture capitalism. Risk is the nature of the game but they have to be operating in a market that is both well regulated but free to take risks. If you are seeking investment what are the right reasons other than eventual profitability? Having an excellent product that will never make money is really a no goer unless of course it has a benefit to mankind then perhaps, like some others, you could forego all future profits and make a present to mankind. |
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Post by zanygame on Apr 3, 2023 21:12:34 GMT
Germany manages. But moving on, what is the solution then? Its well known that everything up to and including the jet engine was invented in Britain but developed abroad. Getting investment in the UK is a nightmare, business angels are greedy with little interest in the company beyond the returns they can get. I got lucky in that a rich investor tried my product and loved it enough to want to invest for the right reasons. But with all the others they did not want to know and even if just some of them were the ones controlling government money you would have been out of luck. The returns on capital is the very lifeblood of venture capitalism. Risk is the nature of the game but they have to be operating in a market that is both well regulated but free to take risks. If you are seeking investment what are the right reasons other than eventual profitability? Having an excellent product that will never make money is really a no goer unless of course it has a benefit to mankind then perhaps, like some others, you could forego all future profits and make a present to mankind. If its all working why is investment in the UK so poor. Of course you need a return on investment, if only it was as simple as that. I am always staggered by how little the average man knows about business. |
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