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As Britain awaits a new prime minister, its cost-of-living crisis mounts

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Re: As Britain awaits a new prime minister, its cost-of-living crisis mounts

#31

Post by Jochim »

shapefrog wrote: post #12
ChuckNorris89 wrote: post #9

Earlier quoted context omitted.

>alternatives that don't require us to prop up quasi-dictatorships in order to keep the lights on But how? The entire economy of the city of London is based on being the word's money laundering capital, vacation playground and best buddy for Russian Oligarchs, Saudi Royals, CCP big shots and other wealthy dictators and warlords. It's Thacher's legacy.

> entire economy of the city of London Is pretty much the entire economy of the UK. Yes Thatcher had her part to play, but election after election after referendum, the will of the people is more of the same Great British exceptionalism.

I think it'd be more accurate to say the will of some people given the effects of the current voting system. That's without going into the effectiveness of tabloid newspapers in inventing public opinion. While people bear at least some responsibility for their actions, I do think they can be put into perspective when you consider the circumstances which led to them.

Re: As Britain awaits a new prime minister, its cost-of-living crisis mounts

#34

Post by sofixa »

Bostonian wrote: post #32

Due in part to "net zero" CO2 emissions policies.

Source?

Also, blaming that while there's a pandemic and war impacting the supply of the most critical raw materials (energy and foodstuffs) is a curious (being very generous here) choice.

Re: As Britain awaits a new prime minister, its cost-of-living crisis mounts

#35

Post by ReptileMan »

ThePadawan wrote: post #22
ChuckNorris89 wrote: post #9

Earlier quoted context omitted.

>alternatives that don't require us to prop up quasi-dictatorships in order to keep the lights on But how? The entire economy of the city of London is based on being the word's money laundering capital, vacation playground and best buddy for Russian Oligarchs, Saudi Royals, CCP big shots and other wealthy dictators and warlords. It's Thacher's legacy.

> London is based on being the word's money laundering capital, vacation playground and best buddy for Russian Oligarchs, Saudi Royals, CCP big shots and other wealthy dictators and warlords. Having lived in Zurich for many years, those are fightin' words! /j

As a friend of mine defined Zurich in the mid 90s - Zurich - the Swiss city where one of ten is Swiss ...

The irony - she was mail order bride that just got her Swiss citizenship.

Re: As Britain awaits a new prime minister, its cost-of-living crisis mounts

#37

Post by 323 »

curiousgal wrote: post #2

Okay this is a genuine question but why are the G7 not backing down when clearly their populations are the ones suffering? It feels strange to me living in the UK that the sanctions have been spearheaded by the US when they are mostly shielded from Russia. Whereas for European countries, it is obvious that they are dependent on Russian gas and yet they are not willing to negotiate. The average citizen cares about the…

> yet they are not willing to negotiate

Negociate what?

Russia has stated multiple times that the only negotiation offer they accept is the complete surrender of Ukraine:

> Russia vowed on Tuesday its assault on Ukraine would continue until Kyiv surrenders

https://www.france24.com/en/live-news/20220628-russia-demand...

Re: As Britain awaits a new prime minister, its cost-of-living crisis mounts

#38

Post by 323 »

ShivShankaran wrote: post #15
ruune wrote: post #10

Earlier quoted context omitted.

Backing down means handing the victory to Russia, which is politically costly in the short term and probably not financially cheaper in the long term. Whether europe wants it or not, they are involved in a war, and you can't just back down in a war without consequences. You could also argue that the current prices are just a teaser of what's coming anyway so more incentive to innovate now instead of later. Very harsh…

Russia is exporting more oil and gas to china and India and in long run will export to Africa as well in addition to building 19 nuclear reactors across the world from Egypt to Argentina. China is reselling Russian lng while India is reselling Russian oil as blend. True intelligence is backing down now but stopping all Russian imports gradually over next 10 years

China increased US gas imports to record levels, after the war started. US is now the biggest exporter of LNG gas to China:

https://www.spglobal.com/commodityinsights/en/market-insight...

Re: As Britain awaits a new prime minister, its cost-of-living crisis mounts

#39

Post by sofixa »

ChuckNorris89 wrote: post #3
curiousgal wrote: post #2

Okay this is a genuine question but why are the G7 not backing down when clearly their populations are the ones suffering? It feels strange to me living in the UK that the sanctions have been spearheaded by the US when they are mostly shielded from Russia. Whereas for European countries, it is obvious that they are dependent on Russian gas and yet they are not willing to negotiate. The average citizen cares about the…

Because energy companies, even European ones, are making bank. So are asset owners. Every crisis is someone's opportunity to make money off other peoples' loss. As long as their assets are safe and keep going up, nobody cares about CoL going up. Well, at least until riots happen and political extremism grows to new heights. Come on France, 'do yer thang' (riots), we'll follow suit.

> Come on France, 'do yer thang' (riots), we'll follow suit.

Somewhat unlikely for now. The government is shielding the population from the worst, as they should, by capping electricity prices and with grants/loans to those worst impacted. The average Brit is being hit much worse than the average French.

Re: As Britain awaits a new prime minister, its cost-of-living crisis mounts

#40

Post by DFHippie »

ShivShankaran wrote: post #23
jibbit wrote: post #13

Earlier quoted context omitted.

You’ve guessed incorrectly how much the average citizen cares about standing up to Putin. Most people believe that the consequences of not standing up to him would be far worse

Impressive how much propaganda can achieve. The average citizen also wanted to stand up to Saddam, Gaddafi, xi , Al Assad before they take over the world

> Impressive how much propaganda can achieve.

Alanis Morissette missed a lyric.

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