In catching up with Labour-supporting friends and relatives in the UK over the weekend, they were evenly split between those who were delighted that Labour was returning to its ideological roots, and those who despaired because they think Labour won’t win another election for years. Personally, I think the pessimists are right, but time will tell.

But … having seen Turnbull win his spill last night, I can understand where the true believers were coming from. I hope that Turnbull will fulfil his promise and return the Liberals to a more authentic "liberal" platform.

So while I don’t agree with what the Corbyn supports think, I understand how they feel.

Bazz, you are right when you say the “public has been shielded from an understanding of the real cause of the economic decline”.

When Bill Clinton modified James Carville’s phrase and said “It’s the Economy Stupid” he distilled the issue into a phrase. Why do CEO’s, Politicians, Bankers, lawyers etc. do what they do? I say “It’s the Money Stupid”.

It is the driver of unsustainable development, poverty, climate change and wealth. It is nothing, but it is everything and commands more faith than any religion on the planet. This concept we call money is the virtual representation of productivity, because without productivity it would have no value. If the oil sheiks of the Middle East had to trade their oil for produce there would have been a natural limit as to the amount of produce no matter how ostentatious, that they could physically use or consume. Money made it possible to acquire a disproportionate share of the planets productive wealth and then engage bankers to manage that acquisition to further compound that disproportionality. Money is not made, you don’t make money, and money only represents production.

The fundamental issue is the disproportionate distribution of productive wealth. Until we evolve to, not just a local, but a global society where everyone has enough and no one has too much; sadly the economic issues will continue to exist.

Now we have a banker running the country I fear as you say the public will continue to be shielded from the real cause of the economic decline.

If only we had a Jeremy or a Bernie.

Ahhh producer I hope you did not miss my point ?

It is the Energy Stupid !

Encontré Bazz, while the non-productive class can take a disproportional share of productive wealth which money represents, they will continue maintaining unsustainable energy sources and there will be resistance to the development of cheaper alternatives.

I still maintain "Its the money stupid"

I for one would like to see, in addition to renewables, thorium reactors developed. If you are not up to speed and you have a bit of time this video is quite interesting.

https://www.youtube.com/watch?v=7sG9_OplUK8&feature=youtu.b

Producer,

I think that the happiest people are the Tories who see JC dragging labour back to a failed 1950s ideology. The only modern analogue to JC is the Syriza party who managed to drag Greece to the point of collapse in a failed attempt to use brinkmanship to get better terms, but ended up accepting stricter terms than they had earlier refused.

Producer, the economists are arguing about why neither austerity or
Quantity Easing, ie money printing, is no longer working.
They are totally money orientated and do not realise that EVERYTHING
is dependent on energy.

Re thorium reactors, I know nothing about them except that I did read
that India is building one now.
We will need something new, as we cannot now afford a fleet of nuclear
power stations.