Comments on: The rich get richer… and the poor get turned away from mainstream politics http://www.davidmcwilliams.ie/2016/04/07/the-rich-get-richer-and-the-poor-get-turned-away-from-mainstream-politics?utm_source=rss&utm_medium=rss&utm_campaign=the-rich-get-richer-and-the-poor-get-turned-away-from-mainstream-politics The website of economist, author and broadcaster, David McWilliams Sat, 04 Nov 2017 10:44:12 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: Felix Quigley http://www.davidmcwilliams.ie/2016/04/07/the-rich-get-richer-and-the-poor-get-turned-away-from-mainstream-politics/comment-page-1#comment-165945 Felix Quigley Sat, 16 Apr 2016 09:47:39 +0000 http://www.davidmcwilliams.ie/?p=8494#comment-165945 The reason that Trump is so popular and that you are unable to understand this popularity is because you have a stalinist/revisionist-marxist (not Trotskyist) type of approach to politics. You expect the poor to line up on one side and the rich on another. But living reality is far more rich and complex than your pygmy type approach to politics allows (you are in a thought straitjacket). People in America are seriously now thinking about politics, and they understand that the Establishment of both parties have proved themselves to be bankrupt (on 9-11, on the crisis in Jobs and wages, on illegal immigration, on Libya and the murder of the Ambassador, on the rise of black racists as in “Black Lives Matter etcetera.) They see in Trump a man who takes clear positions against the Establishment WHO HATE HIM. Admit it you are confused and politically lost.

]]> By: sravrannies http://www.davidmcwilliams.ie/2016/04/07/the-rich-get-richer-and-the-poor-get-turned-away-from-mainstream-politics/comment-page-1#comment-165727 sravrannies Mon, 11 Apr 2016 09:40:32 +0000 http://www.davidmcwilliams.ie/?p=8494#comment-165727 This is a subject that is written about with increasing frequency and gives me some hope for humanity. Let’s be clear though, the number of CEOS who meet the criteria for being a Psychopath is quite low at 3.9% compared with 1% of the general population. The trend to favour these traits for Corporate positions is disturbing and has led to macho cultures and short-termism. In her book Quiet Revolution, Susan Cain traces this evolution back to the early 20th C. when the likes of Dale Carnegie set up his institute that shifted the world from a Culture of Character to Culture of Personality. Curiously, this period coincides with increasing industrialisation and the “Robber Barons” of that age. Cain has taken up the gauntlet of highlighting the risks of having such analogous
personality types leading businesses and the benefits of ensuring more diverse leadership styles. Much more than an Extrovert/Introvert debate her research shows that the performance of those CEOs, that might be the antithesis of the psychopath, far exceeded that of the general population of CEOS. She has met with some resistance including from David’s own favourite management guru, Jack Welch of GEC, who commented initially “the extroverts would argue that they have never heard from the introverts”. It’s not black and white but Cain now lectures, trains and advises corporations on making this transition including P&G, Nasa and now GEC. Could our Corporations ever be run by individuals with a little more empathy and compassions?

http://www.ted.com/talks/susan_cain_the_power_of_introverts

]]> By: Adam Byrne http://www.davidmcwilliams.ie/2016/04/07/the-rich-get-richer-and-the-poor-get-turned-away-from-mainstream-politics/comment-page-1#comment-165725 Adam Byrne Mon, 11 Apr 2016 03:58:00 +0000 http://www.davidmcwilliams.ie/?p=8494#comment-165725 Dream on Tony. The gold standard is never ever coming back.

You may as well just accept reality.

]]> By: Tony Brogan http://www.davidmcwilliams.ie/2016/04/07/the-rich-get-richer-and-the-poor-get-turned-away-from-mainstream-politics/comment-page-1#comment-165724 Tony Brogan Mon, 11 Apr 2016 03:46:37 +0000 http://www.davidmcwilliams.ie/?p=8494#comment-165724 Gold standard may be irrelevant to you Adam, and that’s OK but if you were Islamic you would be watching with interest (sorry interest is usury under Islamic Law) as a gold standard is developed in tune with Sharia Law.

http://www.bloomberg.com/news/articles/2016-04-10/gold-standard-in-islamic-finance-almost-there-for-submission

]]> By: Adam Byrne http://www.davidmcwilliams.ie/2016/04/07/the-rich-get-richer-and-the-poor-get-turned-away-from-mainstream-politics/comment-page-1#comment-165723 Adam Byrne Mon, 11 Apr 2016 02:46:46 +0000 http://www.davidmcwilliams.ie/?p=8494#comment-165723 Good read, cheers Stephen.

]]> By: Adam Byrne http://www.davidmcwilliams.ie/2016/04/07/the-rich-get-richer-and-the-poor-get-turned-away-from-mainstream-politics/comment-page-1#comment-165722 Adam Byrne Mon, 11 Apr 2016 02:21:00 +0000 http://www.davidmcwilliams.ie/?p=8494#comment-165722 Here we go lads, more about the 1%.

“The 1% hide their money offshore – then use it to corrupt our democracy”

http://www.theguardian.com/news/commentisfree/2016/apr/10/money-offshore-corrupt-democracy-political-influence

Make sure you pay your taxes though, little people!

Keep these c***ts in the lifestyles they have become accustomed to through their raping and pillaging of entire continents for the past 2,000 years.

]]> By: mike flannelly http://www.davidmcwilliams.ie/2016/04/07/the-rich-get-richer-and-the-poor-get-turned-away-from-mainstream-politics/comment-page-1#comment-165721 mike flannelly Sun, 10 Apr 2016 23:47:54 +0000 http://www.davidmcwilliams.ie/?p=8494#comment-165721 Truthist

” Central Bank governor Philip Lane said on variable-rate mortgages, he could not could interfere in contracts between banks and their customers. ”

Is Philip Lane saying that “ALL ” failed bankers( the same guys that ignored the basic principles of banking from 2003 to 2010 ) contracts are so perfect that he will turn a blind eye and look the other way?
Just because something is a legal contract does not mean that it is right.

” Not all legal contracts are right.”

The BACKROUND to legal contracts cannot be dismissed .

1. Unfair bargaining power by a state backed stronger party to contracts ?

2. Vague and unclear Contracts are NOT enforceable ?

3. The state backed stronger party to mortgage contracts missrepresented best practice banking while all along ignoring the basic principles and paying themselves unfair gain.

The mortgage arrrears process , failed Irish Bankers and central bank sent stressed Irish families to the ombudsman for fair restructures of grossly overvalued mortgage debt.

But

The Financial Services Ombudsman can investigate the procedures undertaken by the Provider regarding the MARP process, but will not investigate the details of any renegotiation of the commercial terms of a mortgage which is a matter between the Provider and the customer, and does not involve this Office as an impartial adjudicator of complaints.

The main complaint from stressed families was always the GROSSLY OVERVALUED COMMERCIAL TERMS.

A 31 st Dail SCAM.

]]> By: mike flannelly http://www.davidmcwilliams.ie/2016/04/07/the-rich-get-richer-and-the-poor-get-turned-away-from-mainstream-politics/comment-page-1#comment-165720 mike flannelly Sun, 10 Apr 2016 23:05:00 +0000 http://www.davidmcwilliams.ie/?p=8494#comment-165720 Tony
I blabb on sometimes about irish journalism but some like David Quinn and Liam Fay’s article about political cluelessness are brilliant.

]]> By: cjmurray http://www.davidmcwilliams.ie/2016/04/07/the-rich-get-richer-and-the-poor-get-turned-away-from-mainstream-politics/comment-page-1#comment-165719 cjmurray Sun, 10 Apr 2016 22:34:17 +0000 http://www.davidmcwilliams.ie/?p=8494#comment-165719 I would not consider government control anywhere near total, and even if it were, I would generally consider it fundamentally more equitable, rather than corrupt, in a democracy, to have government control rather than unelected – ie private – big money control.

We’re on different planets here, with very different basic assumptions, and will have to agree to disagree. However, I did not actually call for more government control, but for more direct, explicit control by the electorate, by the people, by the populace, whatever term you want to use, over maximum income and wealth, as a simple, basic, democratic principle, as an extension of democracy into the economic sphere.

Electorates may be, if they are IMO foolish, persuaded that they are too unskilled to exercise such control. They may, if they are IMO irresponsible, not want such control. But they should be specifically asked, as a matter of long overdue basic justice.

]]> By: StephenKenny http://www.davidmcwilliams.ie/2016/04/07/the-rich-get-richer-and-the-poor-get-turned-away-from-mainstream-politics/comment-page-1#comment-165718 StephenKenny Sun, 10 Apr 2016 18:08:59 +0000 http://www.davidmcwilliams.ie/?p=8494#comment-165718 An interesting piece form Yves Smith about Ireland’s recovery:

http://www.nakedcapitalism.com/2016/04/ireland-a-recovery-built-on-sand.html

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