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Liz Truss explains trickle-down economics.

This is a serious economic analysis and I am not taking the piss. Oh wait. I am taking the piss.

[media=https://youtu.be/oDX8VGbhToE]

Here is the original sketch (speech) that the actual Liz Truss did about cheese. Decide for yourself which is a better parody:

[media=https://youtu.be/UFNRUuBARM4]
smiler2012 · 56-60
{@burnley123] just when you get rid of boris you get another crackpot running the conservative party and the country .😆 she certainly has the wrong surname as a truss is a support aid and to the poor and needy that is the last thing she ever will be
JohnOinger · 41-45, M
@smiler2012 Does Britian Have A Stable Enconomy
smiler2012 · 56-60
JohnOinger · 41-45, M
@smiler2012 same here in America we havent had A Stable Economy since the 90s when clinton was in office The Economy in America Was Thriving
Abstraction · 61-69, M
Profoundly disturbing.
In Australia a few decades ago if you were working class or on welfare you were likely to vote Labor. It was the middle-class who tended to vote Liberal. That shifted through right-wing media, particularly Murdoch-owned, and dog whistle politics on immigration, race, conspiracies... So now the people who benefit least from a conservative government - those who going to receive similar tax cuts in Australia - vote for them.
How much do you think Rupert Murdoch shifted this agenda in UK?
Burnley123 · 41-45, M
I'm sure you know some of this but he was big friends with Thatcher and owns the Sun Newspaper. At peak it had 5 million daily readers and is still pretty big. In the 80s and 90s, this soft power helped move a section of the affluent working class away from Labour to support Thatcher's policies. Mixed of course with national jingoism and fearmongering. Blair famously met with Murdoch prior to 1997 because he felt he needed that alliance. The less said about Blair, the better.

More recently, his press has helped to stoke fears about immigration and a section of older, socially conservative working-class people voted Tory for the first time in 2019 to 'get Brexit done'. Our voter demographics now look typically American: Young middle-class people are left, older white working-class people vote right, though there are economic reasons for this also. This has become apparent only in the last five years.

Murdoch press is one of only a number of right-wing voices because our print media generally is heavily Conservative. Our print media also does a lot to set the agenda and the political centre of TV news. Because our broadcast media is more heavily regulated and because UK Sky has a broad-church marketing strategy, our version of Sky News is nowhere near as partisan as the Australian version. Conversely, the BBC is much more Conservative than a lot of people realise because its constantly in fear of losing the licence fee.

Arguably Murdoch's influence here is much less dominant than twenty years ago but it still exists. Sadly, UK media leans to the right anyway, irrespective of Murdoch.
whowasthatmaskedman · 70-79, M
@Abstraction Murdoch is always about where the money and power is.. He sees the end of the run for the right and the Oligarchs on the horizon and the return of a more "people oriented "market, mostly internet centred.. So he is showing a more populist face now.. Its still about the money..😷
CountScrofula · 41-45, M
What gets me isn't that this is a transparent grift.

It's that -everybody knows it is a transparent grift- and it is going to work anyways.
Burnley123 · 41-45, M
@CountScrofula I do think she is an ideologue and a true believer.

I have seen an interview with a reputable journo who says some Tory MPs told him they nominated Truss because they think they will lose the next election anyway but that Trussonomics will be so bad that it sabotages an incoming Labour govt. Capital is happy. Less pie but more for them.

Meanwhile, the BBC is mildly critical. Corbyn's social democracy would have been covered like the sky was falling down.

Uh
RodionRomanovitch · 56-60, M
I still find it hard to believe how she somehow stumbled her way into Downing St.

Johnson might have been the most unfit person to ever hold that office , but she truly has to be the most stupid.

Believe it or not , this happens to be an actual quote of hers ;

https://similarworlds.com/politics/4407925-I-want-to-surf-the-zeitgeist-to-where-its-all
Burnley123 · 41-45, M
@RodionRomanovitch Dominic Cummings called her mad
RodionRomanovitch · 56-60, M
@Burnley123 For all his faults , he was actually quite a good judge of people.
Burnley123 · 41-45, M
@RodionRomanovitch Only because he was a Tory who hated everyone around him!
It's tanking the Pound. It's obvious it'll punish the majority of Brits.
trollslayer · 46-50, M
Trickle down doesn't work because those at the top control how much (if any) "trickles down".

The reason the opposite doesn't work is that those at the top have less incentive to try and earn more, and have means and loopholes to protect what they already have
This might actually make sense if you have read some her comments on restoring the empire but as it stands right now the UK has a smaller land mass than a single Canadian province and almost 70 million people and half of that land mass is a granite boulder. Don't see that working.
Burnley123 · 41-45, M
@PicturesOfABetterTomorrow She is a libertarian true believer.
@Burnley123 Most Libertarians of the American variety like her are usually anti interventionist at least on paper.


She sounds like them on Economics and on foreign policy like a hard line Tory who wants to restore the empire of old under the Tory party instead of the crown while using their symbols for trappings.
Burnley123 · 41-45, M
@PicturesOfABetterTomorrow Oh yes. I meant in the economic sense. Obviously, the empire jingoism is just for show anyway. UK foreign policy is an angry chiwawa that thinks it's a lion.
[i]I don’t like this argument! [/i] 😳
monte3 · 70-79, M
The second is funnier. 😊
Philth · 46-50, M
It's completely unhinged. Needs a fkn strait jacket.
supersnipe · 61-69, M
Impossible to take seriously.
LordShadowfire · 46-50
I've got a much more concise demonstration of trickle-down economics:
Yes, I know it's a specifically American meme, but anybody anywhere who endorses that nonsense is basically doing the same.

 
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