@ecurrnomics Not sure that qualifies as "lack of understanding" of trends. It's just an intuitive understanding of the wider, defacto trend towards most people seeing a decline in living standards, or bleak prospects for their children even if they themselves are wealthy on paper.
@_imey@AaronBastani@rorysutherland Yeah its a shame no one has yet invented any other type of vehicle or transit system that could get people into and around cities
ANALYSIS: Even Tony Blair's harshest critics must concede that, when the JP Morgan, Palantir, PetroSaudi and Qatar advisor suggests grinding the bones of the economically inactive into sludge to fuel automated fracking rigs, he does so out of a deep love for his country
@annalesueur@AllyFogg@JayneShannon The people who are saying they can't afford food, energy and housing may have already made all of those sacrifices. The difference is that you can scrap all the discretionary spending now and still not afford the basics / have financial security, whereas you used to be able to.
@annalesueur@AllyFogg@JayneShannon Sorry Anna which are you asking us to sacrifice? Are you suggesting we starve to death, or make ourselves homeless, or everyone stops having kids? Or perhaps a combination of the above.
@Streettough Agree the way many of these people are claiming things were is bollocks. The 70s/80s/90s were not austere or puritan. There was more communal socialising and probably more revelry. Jobs were more secure, people could have fun. But some people did have to scrimp so not universal.
@Streettough People are just generalising either way. Some people were hard up and couldn't afford these things, some people were hard up some of the time. Some people were super frugal or had super frugal parents. Some people didn't like socialising and didn't go out much. Etc.
@readwithai@tomhfh@hwallop The whole point is that they have a steady flow of revenue. High Street food retail is dead (because supermarkets) and people have to eat. Whole "margins are lower than public think" thing is arbitrary. They make loads of money, low margin just a feature of low risk sector.
"Tell us one specific thing [Burnham] will do"
Simons: ".. one of the things he's really committed to.. energy, water, social housing.. have gotten so expensive.. & one of the reasons why.. is that we've privatised a lot of them"
"So with Burnham, nationalise water?"
"No"
lol
I take take you back to an old Egyptian marketplace in Cairo 112 years ago... I've cleaned-up this remarkable Autochrome study of an old pottery merchant, photographed in colour by Auguste Léon on Sunday 4th January 1914.
It was taken using an early colour glass-plate process and isn't colourised.
@baylissbaghdad@K_Niemietz It's a surface level point Chris. If the material conditions more generally aren't right, such ventures will usually fail because they will be undercut by the unscrupulous and moral, and 'consumers' must 'choose' the cheaper option because their pay is bad and other costs high.