Oh Aye?

Robin Stafford says:
May 19 2019 at 10:24 am
Not surprisingly it prompted a typical response from Tom Worst(of)all – https://continentaltelegraph.com/economy/an-entirely-hilarious-letter-to-the-guardian-on-angus-deatons-inequality-inquiry-for-the-ifs/
I thought CapX was bad but the Continental Telegraph sets an equally low bar for right wing ravings.
However it does highlight an issue for those working on inequality, that the data is open to be spun or abused selectively. As a for instance, the right are fond of saying that global poverty has come down significantly whilst ignoring that this is overwhelmingly driven by China. Similar games are played on incomes and wealth.
There’s a useful piece of work to be done to unpick all those right wing assertions

So, how about that assertion then?

Oh.

Richard Murphy says:
May 19 2019 at 11:11 am
I suspect there is no one who takes Worstall seriously and the CT is simply a front for him

I am not sure the Telegraph are amused. They got rid of him long ago

Did they?

29 Mar 2019, 10:33am
Comment: The EU is shutting out views that do not chime with the Brussels elite. We can’t leave too soon
TIM WORSTALL
PREMIUM

Oh.

22 comments on “Oh Aye?

  1. That change has been happening since the 60s . One of the points often missed in the numbers is that in the poor world if your income is tripled whilst may barely register form the point of view of the West ( example ) it will buy you a Moped. That gets you water a market and takes your children to school.
    To the people experiencing this change the change is vast and sets up the next change . The pattern of many children of whom only 2 live is now almost gone ( and this is why the global population will start to reduce )
    international capitalism has been the primary driver f this but NGOs have also been important

    The next stage was the global market in services and this is what Brexit is stopping presumably because its fans like Malaria ignorance and dead children.

    You cannot crow about the great gains globalism has delivered and then support parochial socially and economically protectionist policies

  2. Why Facepainter is brainless, selfish shite Number 4001–Global trade dickwad–which Brexit will be a great help to–is fuckall to do with globo-elite tyranny such as the fucking EU– your vile owners you Treason-cur.

    Or rather you lave their dicks because you think that they will help to keep trash like you prosperous forever. Because they just love useful idiot scum.

    WRONG numbnuts. Once you and all Bubbler ( London/DC/Bejing bubble–it matters not) shite have outlived their usefulness it will be the same shitpile for you as for all of us. They don’t share for long and “You are either Globo elite or little people pal” to paraphrase the fat cop out of Bladerunner.

    You, Facepainting fuckwit, are, always have been and always will be a very little male. I won’t use the word “Man” in the context of a creature like you. A two-bit nothing of crawling servility that the Boss class laugh at as they use and discard.

  3. Brexit is stopping a global market in services? News to me. We’ve got lots of services we could sell to the world, and we buy in a lot too – Indian call centres come to mind. If the EU doesn’t want our services, then f*ck them, we’ve got other markets (which is what they’re afraid of).

  4. I personally provided services in Romania pre-EU, Tunisia and Kuwait as well as many EU countries and in Hong Kong and Australia without going there. I didn’t know I wasn’t supposed to. My employer and the other four staff traded goods with many other countries too. A five-person global company. And I am not claiming this was anything unusual or praiseworthy, rather that it is commonplace.

  5. Why do they keep trying to discount China? Is it because they moved from a State led planned economy to an imperfect market based one?

    India’s done something similar, although not from such a low base.

  6. People like Stafford never check the numbers because they know they’re morally right…

    Newmania doesn’t check the numbers because he’s as innumerate as he’s illiterate.

  7. “People like Stafford never check the numbers because they know they’re morally right…”

    So, totally like you guys?

  8. “However it does highlight an issue for those working to destroy freedom, that the data is open to be spun or abused selectively.”

    FIFY

  9. Oh seriously, do at least try. This post actually goes and looks at the numbers, doesn’t it?

  10. Global Market in services – Example , equivalence agreed between a block of countries on compliance or offering security bonds , securities insurance et al.
    “International Law” is hopeless to enforce ordinary commercial transactions so you need a treaty system and a degree of trans national verification . this was what Solvency 2 was .
    This is why London Banks are shifting European functions ” on shore” but while this development can be accommodated the fact that London is now the worst place in Europe to do European Business is a major problem for the future

    The EU and the US came close to spreading its integrated markets across the Atlantic , we may have to wait for the end of the protectionist Trump but the global market must come

    The UK will not be included

  11. There is no such treaty, international law, or equivalence agreed between Chile and the UK. Yet Antofagasta, the major Chilean copper mine, is still lsited in London, still hedges on the London Metal Exchange.

    So, umm, what are you talking about?

    How the hell do you think that London became the international financial centre it is if the EU single market in services – which is only a couple of decades old even in embryo form – is a necessary precondition?

  12. “Oh seriously, do at least try. This post actually goes and looks at the numbers, doesn’t it?”

    You do. (Most of the time.) The peanut gallery, on the other hand, usually doesn’t. I was addressing the latter.

  13. Tom, I think he’s pulling what somebody or other calls the ‘Group A, Group B’ trick on something referred to as ‘the peanut gallery’.

  14. That’s bit like saying how the hell did Swintons come to dominate High Street Insurance if an online presence was a necessary precondition. No-one could do it .
    The second on line sales were possible , you had to be involved because your competition certainly would be. Its dynamic …. That is why Swintons ( and in fact the whole face to face retail industry ) ,has died almost completely ,in about ten years having been there for fifty.
    My Banking friends tell me about 10 % of functions a re going on shore , that is manageable
    Aviva can front itself , for example , but that s not what I see as the real problem every company is in a dynamic competition , and you cannot last for long as second best , large existing Companies can adjust but new ones will choose not to.
    I think you might call it creative destruction or something but we have chosen to be on the destructive side of it and not the creative side

    Example :
    If you set up a new Insurer in the UK and wanted to write into the EEA you would have to find the capital again and put it in the EEA.
    No-one is that stupid take my word for it , so that old chum , is the end of that

  15. Intoxicated typing with the forehead aside, Newman old scout, you’re complaining about state rules. What you’re not doing is arguing for laissez faire, laissez passer which, all other things being equal, is what you purport to be your shtick.

  16. @ Newmania
    “You cannot crow about the great gains globalism has delivered and then support parochial socially and economically protectionist policies”
    So you support Brexit! Get rid of the parochial socially and economically protectionist policies emanating from Brussels. End the ban on importing cheap food.

  17. the right are fond of saying that global poverty has come down significantly whilst ignoring that this is overwhelmingly driven by China.

    So, he admits it on China. A significant retreat for the far-Left.

    Now we get them to admit the rest.

  18. “NiV pimping for Newmania. Never saw that coming…”

    And you still haven’t. I’m just commenting on the hypocrisy of commenters here criticising somebody else for not checking numbers…

  19. @ NiV
    I get your point, even if it subjects me to invective from Mr Ecks.
    I check numbers if anything doesn’t look right but usually don’t bother if they do – so the butcher and the baker try to get it right on the days that I don’t bother.

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