But that wil inevitably be what happens. It's always easier to destroy something that no one places an economic value on that struggle in cities.

I read somewhere the other day that Cameron's "global race" concept was ridiculous because economic growth is not a zero-sum game - ie all / more than one nation(s) can enjoy it simultaneously. Whilst that's true in the short term, overall it will be a zero-sum game because the more rapid growth is the sooner we will endure global environmental catastrophe. We should embrace negative growth and gradually reduce consumption and population before the "market forces" of nature destroy us.

I don't think that stupidity is contagious, but in Dally's case his stupity is so massive that I don't think the world can take the risk. He needs to be killed.

Yes, I believe that is part of the reason for employment going up in a depressed economy.
But is not the explanation for productivity going down.

If we'd let the banks fail, then depositors in the unhealthy banks would have lost all their money (or a very great deal of it) the healthy and half-healthy banks would have suffered a run on their deposits knocking them down like a stack of dominoes, companies would have failed through not being paid and the creditors of those companies would have suffered the same fate, again falling like dominoes, the pound would have plummeted faster than gravity to the point where we envied junk status, hardly anyone would have been paid their wages or salaries, what they did get wouldn't actually buy much, there would have been shortages of ab-so-blee-ding-lute-ly everything and civil riots (or a lot worse) in the streets.

Apart from that though, house prices would be lower, that's true, so I wonder why we bothered really.

I realise that as I have said umpteen times on here since 2008. All policy is aimed at propping up property prices to keep the banking system afloat. I just hope that if and when the banking system becomes sound a one-off tax is levied on windfall tax anyone who had property-related borrowings during the period of crisis. Otherwise, they gain whilst eveyone else effectively pays for their capital asset.

So stop talking about "if only we'd let market forces rip".

but I believe it is important that when conditionsw permit the borrowers are made to pay. Personally, as I said before I'd have added a shadow tax (effectively additional rate of interest) to property loans that gets rolled up and repaid to the state at a later date - out of sale proceeds of property.

If they tax your stupidity then we'll all be billionaires.

Do your free market advocates agree with one off taxes now?

Make the defaulting sub-prime borrowers pay?
I guess we could harvest their organs or enslave their children ...

The morality not just of a minimum wage but a living one in year 2013.

rlhttps://www.guardian.co.uk/commentisfree/2013/jul/21/observer-editorial-living-wage-law?guni

Fair play to Mike Ashley and Sports Direct.
Each of their 2000 staff to receive a £43,000 shares windfall for beating sales and profits targets.

Tesco staff get shares.

Tesco staff get shares.

Do you care about Tesco staff in any way except using them to bash Tesco?