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Hard left

24

Comments

  • Registered Users, Registered Users 2 Posts: 7,812 ✭✭✭thelad95


    mariaalice wrote: »
    Genuine question what do the hard left in Irish politics want too happen

    I know all the usual stereotype of tax the rich etc but that's just a stereotype and there has to be more to it that that, or are they just a collection of protesters with no real policies.

    http://www.boards.ie/vbulletin/forumdisplay.php?f=1410#


  • Registered Users, Registered Users 2 Posts: 3,938 ✭✭✭Dickie10


    i was only throwing out my opinion in a hurry, not writing a novel! but u get the jist, i did say that good work ethic, and determination to succeed will be of huge benefit in london, usa, or australia, look at the strides the irish in america made in the 19th /early twentieth century.

    Sean Quinn is a most admirable man, the employment he gave to the poor region of the north west was nothing short of a miracle and to do it all through pure hard work and good business acumen without any state help. id like to see some of these water meter protesters get themselves off the dole and do that, some chance.


  • Closed Accounts Posts: 284 ✭✭BigBrownBear


    Anyone who thinks FF or FG are right wing is deluded. It's a terrible pity we don't have a right wing party in Ireland. Badly needed counter point

    Interesting point. How right wing do you want them to be


  • Registered Users, Registered Users 2 Posts: 16,675 ✭✭✭✭Galwayguy35


    Anyone who thinks FF or FG are right wing is deluded. It's a terrible pity we don't have a right wing party in Ireland. Badly needed counter point

    A UKIP style party is it?


  • Registered Users, Registered Users 2 Posts: 3,938 ✭✭✭Dickie10


    i suppose id just be very afraid of what a leftist/socalist government would do to rural ireland id imagine that they would not rest until they had the place like the surface of the moon! what would there views be on the future of the irish food industry for instance?

    on the point of public sector pay cuts, yes it wasnt nice but we all had to ake some cuts . imo it was far less than the private sector. its just the fact that we had many very good years in this country and were on the road to recovery again, people would actually be not that badly off only for the millstone of huge mortgages around there necks.
    I think the irish government really need to start building council houses again, there were people who got mortgages and bought houses who shouldnt have been let buy cars in the last boom.


  • Closed Accounts Posts: 22,559 ✭✭✭✭AnonoBoy


    I was hoping this would be a thread about the guy that sits in the passenger seat in rally cars and gives directions.

    I love that guy.

    I wonder how you go about getting that job?

    Do you start as a back seat driver and work your way up?


  • Registered Users, Registered Users 2 Posts: 1,842 ✭✭✭Don't Chute!


    They have not got the slightest ****ing clue what they are talking about or how to run a country and if they ever get into power we are in serious, serious trouble.


  • Registered Users, Registered Users 2 Posts: 471 ✭✭dermabrasion


    I hate what's happening now: polarization. Lots of points made for any given polemic, be it on the left or the right. I worry that we're going to blow it, just as we emerge with a chance to redefine what this country is or can be. I do not want to be the US, with morons on TV spouting extreme views leading to a failed government system.
    I think common sense has to prevail, and the hard left and the hard right do not have it. I want to live in a country that is meritocracy, that rewards hard work and ingenuity, fosters community and belonging. We support our weakest, oldest, youngest and marginalized. Yet, don't be taken for gobS%#es by those who decide to skim it as a lifestyle choice, or those that choose not contribute back what they get.
    There are countries like this, which engage in mature discussion. Not the crap coming across our screens recently.


  • Closed Accounts Posts: 651 ✭✭✭AboutaWeekAgo


    They have not got the slightest ****ing clue what they are talking about or how to run a country and if they ever get into power we are in serious, serious trouble.

    Sure we've been governed by people who don't have a clue how to run a country for years and years. Are we in serious trouble now?


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  • Registered Users Posts: 11,156 ✭✭✭✭Foxtrol


    Sure we've been governed by people who don't have a clue how to run a country for years and years. Are we in serious trouble now?

    We've seen nothing yet compared to what would happen if the far-left got into power.


  • Registered Users, Registered Users 2 Posts: 3,723 ✭✭✭MightyMandarin


    There's no perfect country in the world, never has been, and never will be. But I think that the best examples of capitalist societies which are also fair, are Scandinavian societies. Sweden and Finland consistently have good growth, employment levels and GDP figures. At the same time they have some of the best education, health and welfare systems in the world. The only way this can be funded is through high taxes, something which the 'far-left' in this country would protest day and night over if it was implemented. Rather than implementing these crazy 'millionaire's tax', which only serves to deter entrepreneurship and hard work, a general rise in taxes is the only clear way we can ensure services in the country are improved and a better balance is struck in society. SF and the rest like to think that lowering taxes and raising spending is sustainable, maybe if any of them could use a calculator they would have a reasonable argument.


  • Registered Users, Registered Users 2 Posts: 1,842 ✭✭✭Don't Chute!


    Sure we've been governed by people who don't have a clue how to run a country for years and years. Are we in serious trouble now?

    This government got us out of the bailout which was unthinkable three years ago. The left would send us right back there, and then some.


  • Closed Accounts Posts: 1,507 ✭✭✭Nino Brown


    Sure we've been governed by people who don't have a clue how to run a country for years and years. Are we in serious trouble now?

    This sentiment isn't unique to Ireland, almost every country in world has people who complain about the government, not matter what they do.
    The reality is most people in government are smart people, and they usually do what they think is best for the country. It is no coincidence that it always seems that no matter who is in power things don't change, this is because smart people usually come to similar conclusions about what is the right thing to do when they are in power.
    Its easy for opposition, especially Sinn Fein, to say they'll cut taxes, increase spending, scrap water charges, because they're not in power, there is no consequences to their BS talk. But even if they got into power they would quickly their tune, much like any other party to get into power has.


  • Registered Users, Registered Users 2 Posts: 13,032 ✭✭✭✭bnt


    Nino Brown wrote: »
    US healthcare is anything but a free market, Medicare and Medicaid hugely distort the market and increases prices. Combined they cost $1 trillion in 2012, you can't put that of government money into anything and call it a free market.
    Well, I put "market" in quotes, but I don't think that's the whole story. There are also local monopolies in place, with HMOs dominating whole districts or towns without competition. There should be economies of scale, but they don't seem to get that in practice.

    Death has this much to be said for it:
    You don’t have to get out of bed for it.
    Wherever you happen to be
    They bring it to you—free.

    — Kingsley Amis



  • Registered Users Posts: 11,156 ✭✭✭✭Foxtrol


    There's no perfect country in the world, never has been, and never will be. But I think that the best examples of capitalist societies which are also fair, are Scandinavian societies. Sweden and Finland consistently have good growth, employment levels and GDP figures. At the same time they have some of the best education, health and welfare systems in the world. The only way this can be funded is through high taxes, something which the 'far-left' in this country would protest day and night over if it was implemented. Rather than implementing these crazy 'millionaire's tax', which only serves to deter entrepreneurship and hard work, a general rise in taxes is the only clear way we can ensure services in the country are improved and a better balance is struck in society. SF and the rest like to think that lowering taxes and raising spending is sustainable, maybe if any of them could use a calculator they would have a reasonable argument.

    One of the things that annoys me most is when Mary Lou etc drone on about these ridiculous policies being 'costed'. These costings are pretty useless when it comes to initiatives that with very little comparable data.


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  • Banned (with Prison Access) Posts: 279 ✭✭thomur


    All the hard left want is to tax hard working people to the hilt to support their 'entitlement culture' supporters.


  • Closed Accounts Posts: 3,336 ✭✭✭wendell borton


    We don't have a hard left of any significance, most of the left wing parties of today are populist wishy washy social liberals. The workers party/official SF were the closet we got, but after the fall of the ussr the membership degenerated to become members of the labour party and eoghan harris :pac:.


  • Registered Users, Registered Users 2 Posts: 1,305 ✭✭✭Joshua J


    If you find yourself diametrically opposed to the far-left doesn't that make you a fascist?.
    Far-right politics or extreme-right politics are right-wing politics to the right of the mainstream centre right on the traditional left-right spectrum. They often involve a focus on tradition as opposed to policies and customs that are regarded as reflective of modernism. They tend to include disregard or disdain for egalitarianism, if not overt support for social inequality and social hierarchy, elements of social conservatism and opposition to most forms of liberalism and socialism.

    Sums up a lot of folk in this thread (and others). You do realise that because you are far right you are also an extremist?. Food for thought.


  • Registered Users, Registered Users 2 Posts: 13,702 ✭✭✭✭BoatMad


    Joshua J wrote: »
    If you find yourself diametrically opposed to the far-left doesn't that make you a fascist?.



    Sums up a lot of folk in this thread (and others). You do realise that because you are far right you are also an extremist?. Food for thought.


    worth remembering that certain facists were called National "socialism"


  • Registered Users, Registered Users 2 Posts: 12,033 ✭✭✭✭Richard Hillman


    This government got us out of the bailout which was unthinkable three years ago. The left would send us right back there, and then some.

    This is will be the message come election time. FG/Lab have the economic stats to back themselves up. The main driver will be the fear of returning to near oblivion with Sinn Fein.


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  • Registered Users, Registered Users 2 Posts: 1,305 ✭✭✭Joshua J


    BoatMad wrote: »
    worth remembering that certain facists were called National "socialism"

    I can call a duck a cat. Doesn't change the fact it's still a duck.


  • Registered Users Posts: 11,156 ✭✭✭✭Foxtrol


    Joshua J wrote: »
    If you find yourself diametrically opposed to the far-left doesn't that make you a fascist?.

    Sums up a lot of folk in this thread (and others). You do realise that because you are far right you are also an extremist?. Food for thought.

    You do understand that you can strongly disagree with something without going to the other extreme.

    An example from your 'food for thought', just because I don't want to be overweight it doesn't mean I want to be anorexic.


  • Registered Users, Registered Users 2 Posts: 10,071 ✭✭✭✭wp_rathead


    Interesting - I've never heard of Fís Nua before, and their policies are extremely interesting; they present a number of very sensible policies (a ton that I advocate myself), for resolving the economic crisis, and preventing future ones - and even taking into consideration, issues with future climate change.

    Do people take issue with many of that parties policies?

    Their health policies leave alot to be desired:
    We would immediately remove fluoride from our main water supply ■ We would seek to overturn the EU ban on the use of herbal medicines and home remedies .
    :rolleyes:


  • Registered Users Posts: 1,671 ✭✭✭dav3


    BoatMad wrote: »
    worth remembering that certain facists were called National "socialism"

    Hmmm a bit simplistic don't you think? Some of them also had the word 'party' in their name :eek:

    It's not the name that's important, it's the ideology.

    I say we keep the status quo FF/FG for ever. Corruption, brown envelopes, jobs for the boys, inequality, tax breaks for the super rich, it's yer only man.


  • Registered Users, Registered Users 2 Posts: 13,702 ✭✭✭✭BoatMad


    Joshua J wrote: »
    I can call a duck a cat. Doesn't change the fact it's still a duck.

    A reading of history might show you they were part duck part cat.


  • Registered Users, Registered Users 2 Posts: 13,702 ✭✭✭✭BoatMad


    dav3 wrote: »
    Hmmm a bit simplistic don't you think? Some of them also had the word 'party' in their name :eek:

    It's not the name that's important, it's the ideology.

    I say we keep the status quo FF/FG for ever. Corruption, brown envelopes, jobs for the boys, inequality, tax breaks for the super rich, it's yer only man.


    I certainly don't think I'll get any tax breaks from the left , once they see whats needed to fund all their freebies. I remember the rainbow, I remember "sweetheart " deals with independents.

    I see no one in politics as inherently "better" or more honest, so given that Ill vote for the party that is as closely aligned with my views at the time, whoever they are. politics corrupts everyone, because you have to sell yourself to be elected.


  • Registered Users, Registered Users 2 Posts: 17,797 ✭✭✭✭hatrickpatrick


    mariaalice wrote: »
    Genuine question what do the hard left in Irish politics want too happen

    I know all the usual stereotype of tax the rich etc but that's just a stereotype and there has to be more to it that that, or are they just a collection of protesters with no real policies.

    I want to see primarily the end of hierarchy and fundamental overhaul of the monetary system. I also want a political system which answers directly to the electorate and not to vested interests.


  • Registered Users, Registered Users 2 Posts: 13,702 ✭✭✭✭BoatMad


    I want to see primarily the end of hierarchy and fundamental overhaul of the monetary system. I also want a political system which answers directly to the electorate and not to vested interests.

    Id like world peace too, aint going to happen, in the meantime answer this

    1. How do you fund a state that cannot raise enough taxes to meet day to day spending
    2. How do you balance the citizens demand for free healthcare against the costs of providing it, in a country with a small population
    2a. How do you fund third level universities to a standard of world class education system, yet people will not pay for fees.
    3. How do you stimulate the economy so that young people can get meaningful employment and not as skivvies in cafes bars.

    after that stuff lets tackle the simple tasks of reforming the monetary systems, eradicating world hunger and covering ireland with a roof


  • Registered Users, Registered Users 2 Posts: 1,842 ✭✭✭Don't Chute!


    dav3 wrote: »
    Hmmm a bit simplistic don't you think? Some of them also had the word 'party' in their name :eek:

    It's not the name that's important, it's the ideology.

    I say we keep the status quo FF/FG for ever. Corruption, brown envelopes, jobs for the boys, inequality, tax breaks for the super rich, it's yer only man.

    If your mates get in there will jobs for nobody.


  • Registered Users, Registered Users 2 Posts: 5,818 ✭✭✭donvito99


    I want to see primarily the end of hierarchy and fundamental overhaul of the monetary system.

    Eh, right so we'll go back to mining and farming and scupper all chances of generating wealth.


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  • Registered Users, Registered Users 2 Posts: 12,630 ✭✭✭✭mariaalice


    I want to see primarily the end of hierarchy and fundamental overhaul of the monetary system. I also want a political system which answers directly to the electorate and not to vested interests.

    (1) How exactly would you achieve this and what about my right to own property privately and to acquire wealth.

    (2) would the whole western world not have to change to achieve this.


  • Registered Users, Registered Users 2 Posts: 11,654 ✭✭✭✭For Forks Sake


    BoatMad wrote: »
    Id like world peace too, aint going to happen, in the meantime answer this

    1. How do you fund a state that cannot raise enough taxes to meet day to day spending
    2. How do you balance the citizens demand for free healthcare against the costs of providing it, in a country with a small population
    2a. How do you fund third level universities to a standard of world class education system, yet people will not pay for fees.
    3. How do you stimulate the economy so that young people can get meaningful employment and not as skivvies in cafes bars.

    after that stuff lets tackle the simple tasks of reforming the monetary systems, eradicating world hunger and covering ireland with a roof

    Are you doubting the Magic Money Tree School of Economics?


  • Registered Users, Registered Users 2 Posts: 13,702 ✭✭✭✭BoatMad


    Are you doubting the Magic Money Tree School of Economics?

    Yes , I have a few concerns, just a few, however at the moment my hard disk has about 200 Gb left and my list of concerns, document wont save


  • Banned (with Prison Access) Posts: 279 ✭✭thomur


    I want to see primarily the end of hierarchy and fundamental overhaul of the monetary system. I also want a political system which answers directly to the electorate and not to vested interests.

    Eh, I think the government were voted in by the electorate.


  • Registered Users, Registered Users 2 Posts: 17,797 ✭✭✭✭hatrickpatrick


    BoatMad wrote: »
    Id like world peace too, aint going to happen, in the meantime answer this

    1. How do you fund a state that cannot raise enough taxes to meet day to day spending

    Monetary reform, as I said. The current monetary system is a joke and is in my view the ultimate root cause of the worldwide economic BS over the last few years. It was a meltdown waiting to happen, and as long as we run entire economies based on non-existant currency, it will continue to happen. again. And again.
    2. How do you balance the citizens demand for free healthcare against the costs of providing it, in a country with a small population
    2a. How do you fund third level universities to a standard of world class education system, yet people will not pay for fees.
    3. How do you stimulate the economy so that young people can get meaningful employment and not as skivvies in cafes bars.

    after that stuff lets tackle the simple tasks of reforming the monetary systems, eradicating world hunger and covering ireland with a roof

    You seem to miss my point that points 2, 2a and 3 are themselves part of the broader issue of a completely defunct and unfit for purpose monetary system.
    Answer me this: If our physical and educational resources haven't changed with regard to healthcare provision since 2008, why should it be harder to provide?


  • Registered Users, Registered Users 2 Posts: 1,004 ✭✭✭coolemon


    Left organisations in Ireland from what I know:

    Acronym - Full name - Politics - Organisational Structure - Affiliated Organisations

    1. SP - Socialist party - Trotskyist/Marxist-Leninist - Democratic Centralism - Anti-Austerity Alliance

    2. SWP - Socialist Workers Party - Trotskyist/Marxist-Leninist - Democratic Centralism - People Before Profit

    3. WP - The Workers Party - Stalinist/Marxist Leninist - Democratic Centralism - OIRA (Official IRA)

    4. IRSP - Irish Republican Socialist Party - Irish Republican/Marxist-Leninist - Democratic Centralism - INLA (Irish National Liberation Army)

    5. Eirigi - Irish Republican Socialist - Organic Centralism

    6. WSM - Workers Solidarity Movement - Anarcho-syndicalist/communist (favours working within existing unions and structures)

    7. Organise! - Anarcho-syndicalist/communist [/B](favours working outside union structures)

    8. RNU - Republican Network For Unity - Irish Republican Socialist - structure unknown - ONH (oglaigh na heireann)

    9. 32CSM - 32 County Sovereignty Movement - Irish Republican Socialist - structure unknown - Real IRA

    10. Spartacist League - Trotskyist/Marxist Leninist - Democratic Centralism

    11. RSF - Republican Sinn Fein - Irish Republicanism/Eire Nua - structure unknown - Continuity IRA

    12. CPI - Communist Party of Ireland - Stalinist/Marxist-Leninist - Democratic Centralism

    13. ISN - Irish Socialist Network - Luxembourgist/Anti-Leninist - structure unknown

    14. UL - United Left - Leftist/social democratic/ socialist mix - structure unknown, but mainly informal.

    There are many more but they will be more issue based than having an all-encompassing political position.


  • Closed Accounts Posts: 4,533 ✭✭✭Donkey Oaty


    I visited many Marxist countries before the fall of the Berlin wall, and one thing they had in common was that the toilet paper there was very unpleasant hard, beige, scratchy stuff.

    So there.


  • Registered Users, Registered Users 2 Posts: 17,797 ✭✭✭✭hatrickpatrick


    thomur wrote: »
    Eh, I think the government were voted in by the electorate.

    They were, but they don't answer to the electorate. All four of my top four choices on the ballot paper ended up in the Dail. Three of them have entirely broken their election promises and therefore rendered my vote invalid. The fourth has been unable to accomplish much due to partisan bullying by one of the other three who I was at first delighted to see had become the Ceann Comhairle, and was subsequently disgusted to discover is absolutely appalling in the role.

    In a functioning political system, an election would be seen as making a contract with those who elected you, which can only be renegotiated with those who elected you. Or to put it another way, politicians should be more subject to the will of their electorate than to the party's leadership. In order to accomplish this, reforms to Dail speaking rights are required to end the punishment of independents for being independents, and a system of voter recall is required whereby we don't have to wait until the next general election to fire individual TDs who break their contract with the people who elected them.


  • Registered Users, Registered Users 2 Posts: 17,797 ✭✭✭✭hatrickpatrick


    mariaalice wrote: »
    (1) How exactly would you achieve this

    End the system of debt based monetary circulation, particularly the fractional reserve system and the system of money generation by loan interest, which ensures that at any given time more money is owed back to banks than is actually owned privately by citizens. The current system is completely moronic, and in my view the only reason it still exists is because not enough people realize how it works fundamentally - no money comes into existence without debt already attached to it, and because of interest, that debt is already more than the amount of money which has just been created. This is quite frankly insane. Couple that with the fractional reserve system and you'll realize that the entire monetary system we have is literally built on a foundation of sand. It makes absolutely no sense, and as I say in my view we only use it because most people fairly assume that something so universal is built on sound mathematical principles. It isn't. It just takes a colossal f*ckup like 2008 to expose this before the game of musical chairs resumes.
    what about my right to own property privately and to acquire wealth.

    Where have I in any way insinuated that I oppose this? Private property rights are a fundamental core principle of mine, which is why for example I support the Palestinians over Israeli settlers.
    (2) would the whole western world not have to change to achieve this.

    Not necessarily, but ideally it would - which is why movements like Occupy are worldwide. I believe Guernsey is one economy which has gone solo in abolishing the debt based model of creation, and that seems to have worked out pretty well for them.


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  • Registered Users, Registered Users 2 Posts: 13,702 ✭✭✭✭BoatMad


    Monetary reform, as I said. The current monetary system is a joke and is in my view the ultimate root cause of the worldwide economic BS over the last few years. It was a meltdown waiting to happen, and as long as we run entire economies based on non-existant currency, it will continue to happen. again. And again.

    You want to bring back the gold standard or the Bretton Woods agreement, you might like to re-read your financial history. Infact it was only the ability of a fiat currency to print money , that actually saved the worlds economy this time. ( a fact the ECB should be woken up to).

    You seem to miss my point that points 2, 2a and 3 are themselves part of the broader issue of a completely defunct and unfit for purpose monetary system.
    Answer me this: If our physical and educational resources haven't changed with regard to healthcare provision since 2008, why should it be harder to provide?

    sorry, you really can't be that mis-informed. Until the gov started to get massive windfall profits from stamp duty and other property related income, we did not actually run a budget surplus.

    Once the property bubble burst, the taxation system was exposed as simply not being able to fund the countries needs. Hence the need for all these new taxes.

    In itself we could have carried on , borrowing to close the deficit, as the state had pristine monetary ratings, but once we instituted a bank guarantee for sums 8 times in excess of the state financial ability, we bankrupted yourselves.

    ( Just like many property developers, were personally bankrupted, because they had rather foolishly signed personal guarantees for multiples of their personal nett worth)


  • Registered Users, Registered Users 2 Posts: 1,004 ✭✭✭coolemon


    mariaalice wrote: »
    Genuine question what do the hard left in Irish politics want too happen

    I know all the usual stereotype of tax the rich etc but that's just a stereotype and there has to be more to it that that, or are they just a collection of protesters with no real policies.

    To answer as a "hard leftist".

    The "hard leftists" aim is to eliminate capitalism. That is, the system which contains inherently the production of surplus value, and of the consequent social class structure which forms to control and distribute that surplus. Within this system there is an inherent and perpetual class conflict between capital and labour.

    It is within this context that the "hard-leftist" is placed.

    While not having any sort of complete alternative to capitalism, the hard leftist is engaging in a process of change and conflict. The hard-leftist will take the side of labour in all struggles in order to bring forth the inherent (and often masked) social class conflict.

    Through this process and conflict the hard leftist believes the alternative social system can emerge, that is, through the eventual elimination of the inherent class conflict and logic inherent within capitalism.

    At the moment, the "hard left" are in a weak position. The WSM have barely if at all partaken in anti-water charge activities due to "internal restructuring". This despite all the claims of anarchist this and anarchist that. Anarchists are a weak force and have had little to do with anything at the moment.


  • Registered Users, Registered Users 2 Posts: 17,797 ✭✭✭✭hatrickpatrick


    BoatMad wrote: »
    You want to bring back the gold standard or the Bretton Woods agreement, you might like to re-read your financial history. Infact it was only the ability of a fiat currency to print money , that actually saved the worlds economy this time. ( a fact the ECB should be woken up to).

    You're making quite a leap there, I never in any way said I supported a return to the gold standard or the Bretton Woods. I want a new system entirely.

    sorry, you really can't be that mis-informed. Until the gov started to get massive windfall profits from stamp duty and other property related income, we did not actually run a budget surplus.

    Again, I have never claimed we did.
    Once the property bubble burst, the taxation system was exposed as simply not being able to fund the countries needs. Hence the need for all these new taxes.

    Our monetary system allows bubbles to develop in this manner and requires interest based borrowing. Without these factors, crashes wouldn't happen nearly as often and wouldn't cause nearly as much damage as they do.
    In itself we could have carried on , borrowing to close the deficit, as the state had pristine monetary ratings, but once we instituted a bank guarantee for sums 8 times in excess of the state financial ability, we bankrupted yourselves.

    Again, if we reformed the banking system from the bottom up, things like bank guarantees would be entirely unnecessary.
    ( Just like many property developers, were personally bankrupted, because they had rather foolishly signed personal guarantees for multiples of their personal nett worth)

    I think to be fair, you're giving good answers but you're failing to understand that I'm not talking about surface reform, I'm talking about an overhaul that goes right down to the root of what a currency is, how it operates, how it is generated, and how it is governed. Not merely reforms which change how the current fundamentals behave - change of the fundamentals themselves.

    To give you an analogy, what you're describing is akin to replacing a damaged key on a piano, or tuning its strings, or polishing its surface. What I'm proposing is that we throw the piano away and give drums a try. Or guitars, or trumpets, or triangles, or whatever.

    Make sense?


  • Closed Accounts Posts: 1,507 ✭✭✭Nino Brown


    End the system of debt based monetary circulation, particularly the fractional reserve system and the system of money generation by loan interest, which ensures that at any given time more money is owed back to banks than is actually owned privately by citizens. The current system is completely moronic, and in my view the only reason it still exists is because not enough people realize how it works fundamentally - no money comes into existence without debt already attached to it, and because of interest, that debt is already more than the amount of money which has just been created. This is quite frankly insane. Couple that with the fractional reserve system and you'll realize that the entire monetary system we have is literally built on a foundation of sand. It makes absolutely no sense, and as I say in my view we only use it because most people fairly assume that something so universal is built on sound mathematical principles. It isn't. It just takes a colossal f*ckup like 2008 to expose this before the game of musical chairs resumes.

    You are absolutely right, but do you realize what it would mean to end this financial system?, it would require a monumental drop in living standards. No nation in their right mind is going to end fractional reserve banking voluntarily. When it does end, and it will, but not voluntarily, it will be horrific for everyone in the world for quite a while.
    I agree with your sentiment on the monetary system, but Ireland don't have the influence to change it even if we wanted to. It's best for everybody to ride it out until the ends, and have contingencies for when it does.


  • Registered Users, Registered Users 2 Posts: 11,654 ✭✭✭✭For Forks Sake


    coolemon wrote: »
    Left organisations in Ireland from what I know:
    .

    Can you imagine that lot trying to formulate a programme for government.....


  • Registered Users, Registered Users 2 Posts: 10,784 ✭✭✭✭padd b1975


    thomur wrote: »
    Eh, I think the government were voted in by the electorate.

    Yep, and can be voted out the same way!


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  • Banned (with Prison Access) Posts: 19 jungle_hostage


    There's no perfect country in the world, never has been, and never will be. But I think that the best examples of capitalist societies which are also fair, are Scandinavian societies. Sweden and Finland consistently have good growth, employment levels and GDP figures. At the same time they have some of the best education, health and welfare systems in the world. The only way this can be funded is through high taxes, something which the 'far-left' in this country would protest day and night over if it was implemented. Rather than implementing these crazy 'millionaire's tax', which only serves to deter entrepreneurship and hard work, a general rise in taxes is the only clear way we can ensure services in the country are improved and a better balance is struck in society. SF and the rest like to think that lowering taxes and raising spending is sustainable, maybe if any of them could use a calculator they would have a reasonable argument.

    those on low wages in sweeden etc pay far more tax than those on low wages in ireland

    the hard left in ireland appear to like the scandanavian system only with no one who earns less than 30 k per anum paying for anything

    which in effect means the hard left in ireland dont want the scandanavian system at all


  • Registered Users, Registered Users 2 Posts: 13,702 ✭✭✭✭BoatMad


    End the system of debt based monetary circulation, particularly the fractional reserve system and the system of money generation by loan interest, which ensures that at any given time more money is owed back to banks than is actually owned privately by citizens. The current system is completely moronic, and in my view the only reason it still exists is because not enough people realize how it works fundamentally - no money comes into existence without debt already attached to it, and because of interest, that debt is already more than the amount of money which has just been created. This is quite frankly insane. Couple that with the fractional reserve system and you'll realize that the entire monetary system we have is literally built on a foundation of sand.

    What you are advocating, is a return to the gold standard. That system manifestly failed to handle downturns and was a key reason behind the 1929 crash.

    The fractional reserve system is a key component in allowing fiscal authorities control the amount of money in the system. That system was use very effectively by the US , which shook off the effects on a banking crisis very quickly. IN Europe, the ECB is "half wedded" to a pseudo gold standard ( called the euro) by Germanys insistence in maintaining a rock solid currency. IN that respect the ECB could not effectively increase the money supply and bail out the euro financial system, instead that system had to , at Germanys insistence, cut and deflate its way out of trouble, That way isnt working well.!!!

    The issue at question in Europe isdirectly because the idea of a fiat currency and flexibility in money supply was specifically designed out of the euro, just like the gold standard before it.


  • Registered Users, Registered Users 2 Posts: 13,702 ✭✭✭✭BoatMad


    those on low wages in sweeden etc pay far more tax than those on low wages in ireland

    the hard left in ireland appear to like the scandanavian system only with no one who earns less than 30 k per anum paying for anything

    which in effect means the hard left in ireland dont want the scandanavian system at all

    not to mention that the scandavians are trying to reduce the effect of the state and its taxes and cut their health and other benefits systems. They couldn't make it pay either,


    You might look at the relative sizes of populations, as well Ireland will always struggle to have a sufficient tax base.


  • Registered Users, Registered Users 2 Posts: 13,702 ✭✭✭✭BoatMad


    You're making quite a leap there, I never in any way said I supported a return to the gold standard or the Bretton Woods. I want a new system entirely.




    Again, I have never claimed we did.

    You can either have fixed value backed currencies or fiat ones. Unless you intend to start bartering your daughter for milk or something.

    Our monetary system allows bubbles to develop in this manner and requires interest based borrowing. Without these factors, crashes wouldn't happen nearly as often and wouldn't cause nearly as much damage as they do.

    No , see Canada, but the fact is that crashes are the way the system resolves problems.


    Again, if we reformed the banking system from the bottom up, things like bank guarantees would be entirely unnecessary.

    " what reforms" where in the world is this a working functioning system


    I think to be fair, you're giving good answers but you're failing to understand that I'm not talking about surface reform, I'm talking about an overhaul that goes right down to the root of what a currency is, how it operates, how it is generated, and how it is governed. Not merely reforms which change how the current fundamentals behave - change of the fundamentals themselves.

    which we in Ireland are going to bring in unilaterally ????
    To give you an analogy, what you're describing is akin to replacing a damaged key on a piano, or tuning its strings, or polishing its surface. What I'm proposing is that we throw the piano away and give drums a try. Or guitars, or trumpets, or triangles, or whatever.

    Make sense?


    in a land populated by make believe characters, yes.

    It a bit like saying, lets abandon wheels, and lets use a "new" and wonderful means of rolling goods around. the rest of us stand around wondering WTF is he smoking.


  • Registered Users, Registered Users 2 Posts: 3,723 ✭✭✭MightyMandarin


    those on low wages in sweeden etc pay far more tax than those on low wages in ireland

    the hard left in ireland appear to like the scandanavian system only with no one who earns less than 30 k per anum paying for anything

    which in effect means the hard left in ireland dont want the scandanavian system at all

    And that is how you measure their blind stupidity. I've heard plenty of complaints about our health system in the past decade, and more often than not the Left, like to cite the Dutch system as an ideal model, because everyone is covered, the system is efficient and they actually pay less fees than us. However, they almost always fail to cite the fact that in Holland the vast majority of people pay 42%+ tax on their entire income, as well as plenty of other household charges, property taxes and water rates.

    It's wonderful to look at the benefits of other systems and the nice things they have, but I have never heard a 'Left politician' claim we need to charge higher taxes in order to help more people, because if they did, they'd be the ones pelted with water balloons and trapped in their cars.


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