Nov 2022
2:56pm, 18 Nov 2022
13,801 posts
|
jda
It's not even saved by rising asset values fozzy, we need rising productivity in real terms. We all have to eat, more pensioners and fewer farmers means the latter all have to produce a lot more food each (it's not just food, that's just an example). Of course this has happened historically and is happening now to some extent, but UK productivity is notoriously weak thanks to limited investment. Deferring your consumption by putting your money in a pension still relies on there being someone to supply the consumables in the future. |
Nov 2022
3:00pm, 18 Nov 2022
2,157 posts
|
Big_G
We all have to eat, more pensioners and fewer farmers…. Removing a comma makes that read quite differently. “We all have to eat more pensioners and fewer farmers”. |
Nov 2022
3:03pm, 18 Nov 2022
206 posts
|
Boffin
I misread your post jda.... " We all have to eat more pensioners." 😯 What a difference punctuation makes 🙄🙂 |
|
Nov 2022
3:03pm, 18 Nov 2022
207 posts
|
Boffin
At least I was not alone.... 🙄😂😂
|
|
Nov 2022
3:09pm, 18 Nov 2022
13,802 posts
|
jda
Well, we can eat the rich ones.
|
Nov 2022
3:16pm, 18 Nov 2022
18,777 posts
|
rf_fozzy
I cannot endorse cannibalism.
|
|
Nov 2022
3:19pm, 18 Nov 2022
18,778 posts
|
rf_fozzy
Hmmm. twitter.com |
Nov 2022
3:27pm, 18 Nov 2022
44,657 posts
|
HappyG(rrr)
I don't eat bacon. Please don't refer to twitter links without summarising (for me!) cos I'll never see them! The whole principle of productivity (capitalism really) is flawed. It's based on labour adding value to raw materials to make goods whose value is greater than the original raw material. But it's actually a myth - the cup doesn't hold the water. It only works if we consume the materials (i.e. don't put back) and/or exploit the worker. Otherwise the value of the item at the end must include the cost of *replacing* the raw material and the labour of the worker and no "profit". Anyhoo, I'm going to stop with this anti-capitalist rant! (Pretty civilised for a rant though!)  G
|
Nov 2022
3:38pm, 18 Nov 2022
19,653 posts
|
larkim
Hmmm. twitter.com When I saw the post I assumed it was some amusing meme. Outrageous that it is true. (For HG, it is a post by the Electoral Reform Society pointing out that the the Oyster Card 60+ will be an acceptable voter ID document, whereas the Oyster Card 18+ won't be, along with a link to a more detailed article that says the govt overrulled amendments which would have made some other forms of ID that younger voters would commonly have valid as ID docs for voting purposes) |
|
Nov 2022
3:38pm, 18 Nov 2022
208 posts
|
Boffin
Sorry, I dont follow your logic Happy 🤔🙄 Sure, you will get more profit if the worker is exploited... ... however that is not the process employed; goods have a value, resellers add cost to the goods to cover their input (time etc) and add profit. The value of goods is only what another person is prepared to pay for it. |
Useful Links
FE accepts no responsibility for external links. Or anything, really.Related Threads
-
Fantasy General Election
Jul 2024
-
EU Referendum - In or Out? Vote here
Aug 2018
-
March to Parliament Against Brexit - Sat 2nd July
Jun 2016
-
EU Referendum
Feb 2016
-
Ads on Fetch - anyone else getting Leave and Remain?!
Feb 2017
-
The Environment Thread :-)
Jan 2025
-
Economics
Aug 2023
-
Dear Scottish Fetchies
Jan 2023
-
Any economists out there - question
Oct 2022
-
Power and exploitation - please check my sanity
Oct 2018
