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sugarkang
08-11-2011, 09:27 AM
Who's going to talk to us about this?

BBC UK (http://www.bbc.co.uk/news/uk-14458424)
London rioters: 'Showing the rich we do what we want'

look
08-11-2011, 10:51 AM
Who's going to talk to us about this?

BBC UK (http://www.bbc.co.uk/news/uk-14458424)
London rioters: 'Showing the rich we do what we want'I think this is an indicator of 'what the market will bear.'

sugarkang
08-11-2011, 12:07 PM
I think this is an indicator of 'what the market will bear.'

I wonder if we're due. Maybe in 2012 if Obama loses.

Sulla the Dictator
08-11-2011, 04:06 PM
I wonder if we're due. Maybe in 2012 if Obama loses.

I'd be surprised if we're due. After the Rodney King riots, I think there is a widespread willingness in this country to shoot such lawless gangs of thugs. Rightfully so. That the British are unwilling to use stern measures exposes their decadent softness to the world.

graz
08-11-2011, 04:11 PM
I'd be surprised if we're due. After the Rodney King riots, I think there is a widespread willingness in this country to shoot such lawless gangs of thugs. Rightfully so. That the British are unwilling to use stern measures exposes their decadent softness to the world.

Kill 'em all keyboard commando!

look
08-11-2011, 05:17 PM
I wonder if we're due. Maybe in 2012 if Obama loses.I wasn't going in the direction of a single event like an Obama loss, but an overall societal decay where the have-nots, a la Soc 101, don't have a stake in the system and are not internally programmed to respect the rule of law.

George Will is currently in London:

Osborne says America’s welfare reform of 1996 “helped change the debate over here.” Perhaps, but almost 30 percent of public spending here [Britain] is still for a welfare system under which an unemployed single mother with two children has more disposable income than a postal worker. There is, Osborne says, considerable resentment among people who “go to work at seven in the morning and the blinds are down next door.” Almost a fifth of British households have no wage earner, while immigrants are 13 percent of the workforce.


Fun fact from same:

[The National Health Service] is sometimes adequate regarding medicine but is a sensational jobs program: It is the world’s sixth-largest employer (behind the Chinese army, Wal-Mart, China National Petroleum, China State Grid Corp. and Indian Railways).

http://www.washingtonpost.com/opinions/britain-tackles-the-welfare-state/2011/08/09/gIQAMpMJ7I_story.html?hpid=z3

sugarkang
08-11-2011, 05:29 PM
Fun fact from same:

"Britain’s debt, now 62 percent of GDP, is scheduled to rise to 71 percent in 2013-14 before declining. Government devours 47 percent of national income."

Ideology aside, this is horrible. When government is that big, any unforeseen event, e.g., austerity, natural disaster, etc., will cause a greater shock to the country than if the ecosystem is decentralized. If all the wealth and power is concentrated in one entity, all the risk to the economy is in one place.

I hope the American chavs aren't as turdy as the British versions.

Sulla the Dictator
08-11-2011, 05:35 PM
Kill 'em all keyboard commando!

As I understand it, a "keyboard commando" is an online personality "eager" for combat. Not me. I'm disappointed that the British police forces aren't engaging an entirely one sided punative campaign against these scum. A society that isn't even willing to engage in violence to protect the law abiding from theft, murder, and vandalism is sick.

look
08-12-2011, 05:46 PM
Ideology aside, this is horrible. When government is that big, any unforeseen event, e.g., austerity, natural disaster, etc., will cause a greater shock to the country than if the ecosystem is decentralized. If all the wealth and power is concentrated in one entity, all the risk to the economy is in one place.
Great point. And I think this whole Britain thing was touched off by austerity measures? I did a fly-by read of an article...

sugarkang
08-12-2011, 06:06 PM
Great point. And I think this whole Britain thing was touched off by austerity measures? I did a fly-by read of an article...

You're angling for my vote. I just know it. I'm stickin' with Obama, lady. ;)

sugarkang
08-13-2011, 03:22 AM
I like how the internet makes me feel wrong about everything I think I know every single day.

Tyler Cowen says since the 1980s, spending cuts don't cause riots (http://marginalrevolution.com/marginalrevolution/2011/08/since-the-1980s-spending-cuts-no-longer-cause-riots.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+marginalrevolution%2Ffeed+%28 Marginal+Revolution%29).
The economics of riots (http://economicsintelligence.com/2011/08/11/the-economics-of-riots-and-austerity/).

look
08-13-2011, 04:13 AM
I like how the internet makes me feel wrong about everything I think I know every single day.

Tyler Cowen says since the 1980s, spending cuts don't cause riots (http://marginalrevolution.com/marginalrevolution/2011/08/since-the-1980s-spending-cuts-no-longer-cause-riots.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+marginalrevolution%2Ffeed+%28 Marginal+Revolution%29).
The economics of riots (http://economicsintelligence.com/2011/08/11/the-economics-of-riots-and-austerity/).

Interestingly enough, however, in the last 20 years the economics of riots and austerity have apparently changed significantly.

“The fall of the Berlin wall saw the spread of Western-style democracy eastwards. The overall connection between austerity and social instability now changes sign, and becomes in insignificant.”

The authors don’t dwell on the possible reasons for this shift but just remark that

“this suggests to us that noneconomic causes became a dominant feature of the period.”

Cool...thanks for the research.

look
08-13-2011, 04:14 AM
You're angling for my vote. I just know it. I'm stickin' with Obama, lady. ;)Naw. I'm an Independent with a checkered voting record.