Re: The last general election results ...
@ acid andy
"Yes, they're getting them, but they're taking many years."
Part of this is trying to get it past the EU rules. If it takes so long to make changes then people cant be blaming the tories and instead blame the coalition, the coalition cant be blamed it was labour etc.
"Even if I'm wrong, if we have a recession, to many that would still be a price worth paying in the short term to restore our public services and support network back to their former glory for the longer term."
What former glory? Blackouts and British rail? Underinvestment in water and sewage, BT. Unions on strike. The NHS nearly went under when it was created due to its expense. Begging to the IMF.
"In the last recession no such improvements took place"
In what way? The last recession is compared to the 1930's recession which we didnt repeat in this country nor did the US and the EU nearly did which is why Greece had to rely on private companies freely giving drugs for cancer patients to have any healthcare at all. Saying a recession is worth it to "restore our public services" (I assume you mean spending even more, a failed concept even under the last labour gov) is poor management. The services are there for those on hard times, pushing more into hard times to spend more on that support network is chicken and egg to misery.
"The problem I have is that there really is no status quo"
Very true. We have seen under 13 yrs of labour what more money into the public sector and expanding it rapidly has done. Here we are complaining about those services. Reducing the state reduces the burden on the economy and it is the private economy that pays for the state. I want more money for the public services but I think it should come from slimming the public sector and having a large enough private sector to pay for it.
"From what I understand their policies were arguably too extreme, poorly implemented and they were too reliant on oil wealth"
Socialism will work this time, all the other times they did it wrong. Thats a lot of failures and almost no successes in that tally. The only successful socialist country is N Korea. Against all odds they have survived this long. Granted the rest of the world has to provide aid or their people die but the gov controlled economy exists unopposed by its people. I dont like that model if I am honest.
"Apparently they were also dealing with a lack of housing supply"
Amusingly they had a lack of toilet paper supply! This was achieved by setting the price of toilet paper to below manufacturing costs! And people have been arrested for making cakes because bread is price controlled and deemed necessary while cakes are not and so can be sold to cover the costs.
"If rent controls can deflate the monstrous housing bubble then I say bring it on!"
It cant. History is not on his side again.
"Regarding people's QE, I'm not even sure what you're talking about but if it's something that would get just a bit of the wealth back to the middle and working classes then maybe it's something worth considering."
Literally printing money to push into the economy at governments whim without any bond backing. Again no it wont work, it will not give you more value (paper yes not value) see Venezuela.
"Your assumption is they will implement far left socialism and you look to other attempts at that for your examples of failure."
Yes I look at the implementation of the proposed solutions and base my belief on their failure on the fact that they have failed consistently wherever applied.
"My own expectation and hope is rather that they will restore the climate in this country back a bit more to how it was towards the end of the last century before the madness of the housing and credit bubbles"
So heading towards the 1930's crash. You cannot stop boom and bust, it is part of the business cycle. In fact the more you restrain it the harder life becomes for all and less money for those lovely social services you want.
"I would argue train prices must be pretty inelastic because there's something of a captive market. When you travel by train in this country you typically do it because you can't find another viable option"
Totally agree. So where are the additional tracks to cope with the increased demand? That is not in private hands, that can be resolved right now by the gov planning and placing new tracks. Where is it? Why is the gov (not private companies) not dealing with it? You say the private sector is motivated by profit... yes. So place more tracks and there will be more capacity and the prices will fall. If the gov takes over the trains it will still not have more track to deal with capacity.
"Perhaps because the current government are not interested in investing wealth in improving public services?"
Yes yes yes and yes but remove current. HS2 is a shiny toy they can offer like the millennium dome, garden bridge and other ideas they can flash. HS2 is a huge cost to the tax payer for something that doesnt even sound like it will work. And you want more government? Government is doing this.
"Corbyn on the other hand comes across as genuinely saying what he believes and wanting to actually help people"
I wouldnt be shocked if he believes he is trying to do good. I am sure many a mad man have the same beliefs. But believing exorcism helps mental patients or prayer heals cancer or that this brand of socialism will succeed where all others have failed is belief. When we look at facts, experimentation, history we should be able to learn from our mistakes. So why repeat what we know doesnt work?