The Horror, The Horror

Two big shackles hold in check the growth of more alternatives. Easily the biggest is capital: ventures such as co-ops struggle to raise the necessary cash. The holders of capital often seek short-term rewards, are unwilling to take large risks, and have no place on their spreadsheets for social purpose.

But if it has outside capital then it’s not a co op, is it?

Jeez.

28 thoughts on “The Horror, The Horror”

  1. BlokeInTejasInNormandy

    Surely the solution is for like-minded, right-minded Socialist Persons to group together and pool portions of their wealth to invest in nascent companies needing capital? True, since such are universally poor and lack wealth, it would need a larger number of them than usual, but perhaps some organisation already of the Left – a Trades Union, or the Labour Party itself, could provide an organizing umbrella?

    Or is there established law that says only Evil Bloated Capitalists From The Extreme Right can form investment funds?

  2. The Scott Trust has a few million put away. Here’s a great opportunity – invest that cash in “large risk” co-operatives for long-term, marvellous results!

    Go on, if it is such a great investment opportunity! What are they waiting for?

  3. There seems to be plenty of rich socialists. I have a number of very prosperous friends who claim to be such.

    They seem to prefer buy-to-let properties to backing SJW co-ops though…

  4. don’t you love the first example of the miners hall “The clues as to who’d provided the funds to bring it back to life were the windows plastered with stickers of Brussels blue” i thought it worked like this – the eu provide 50% of the funds and the uk provides 50% of the funds. Of course the eu’s 50% of the funds comes from us in the first place – or is my info out of date. Anyway the Eu’s funds come not from some magic money tree but from the members contributions and external tariffs paid by the citizens.

  5. Yes, EU funding. You want to put in a new kitchen costing £6,000.
    You give the EU £10,000.
    They give you £3,000 back.
    You find the other £3,000.
    The EU forces you to put a sign up saying the kitchen was installed with the help of EU investment.

  6. I say we should tax the rich more. And then we would have enough muney to pay for the socialist policies. I support communism, and equality for all.

    On the guardian, you will find ideas like this.
    Up with Poland. Up with eqaulity.

  7. “EU funding. You want to put in a new kitchen costing £6,000.
    You give the EU £10,000.
    They give you £3,000 back.
    You find the other £3,000.”

    And the kitchen that is installed was really only worth £3k but because it was bought by people spending other people’s money ends up costing double.

  8. Also:
    “The UK has among the lowest levels of revenue-raising by local taxes in the OECD group of rich countries. We lag behind Ireland and Hungary. So if a city like Plymouth wants to develop a social economy, it has to do so on a shoestring.”
    If local taxes are so low than Plymouth could easily increase them to pay for its “social economy” (whatever that is – sounds like a a chat over a million cups of tea)

  9. Local taxes are so low because central government forces them to be so low. The quote describes the situation accurately, but the wording is misleading making it look like a choice.

    Local taxation raises about 10%-15% of local funding. I’d support local taxes raising at least 50% of local funding, but it would have to get past the screaming harpies in central government horrified at the prospects of left-wing residents voting for high spending left-wing councils.

  10. “…horrified at the prospects of left-wing residents voting for high spending left-wing councils…” and taxing the right wing residents that actually work as opposed to consuming resources

  11. @ jgh
    New Labour gave exmption from Council tax to several groups of its supporters (unemployed on means-tested benefits, and OAPs with no occupational/personal pension or incomes from savings, plus,
    children under 18
    people on some apprentice schemes
    18 and 19-year-olds in full-time education
    full-time college and university students
    young people under 25 who get funding from the Skills Funding Agency or Young People’s Learning Agency
    student nurses
    foreign language assistants registered with the British Council
    people with a severe mental impairment
    live-in carers who look after someone who isn’t their partner, spouse, or child under 18
    and diplomats)
    Also single mothers get a 50% discount.

    So large numbers of people (local government employees plus all those listed above) are incentivised to vote for high-spending left-wing councils.
    Harpies were instruments of punishment to evildoers – a concept somewhat out of fashion these days.

  12. Two big shackles hold in check the growth of more alternatives. Easily the biggest is capital: ventures such as co-ops struggle to raise the necessary cash.The holders of capital often seek short-term rewards, are unwilling to take large risks, and have no place on their spreadsheets for social purpose.

    It is here that Mr. Chakarbortty stumbles upon an essential truth: Even folks like Mr. Meeks act like capitalists when choosing how to employ what capital they actually have. And as Mr. Chakarbortty is a Guardianista, it is unsurprising that this essential truth slips by him without registering.

    It’s the same in the States: Progressives and hipsters are all for co-ops until the moment they realize they have to plunk down their own money to make them work.

  13. ‘The holders of capital often seek short-term rewards, are unwilling to take large risks’

    So the silly people want to keep their capital, and not lose it to bad investment ideas? OUTRAGEOUS!

    ‘Have no place on their spreadsheets for social purpose.’

    The spreadsheets come from their fellow traveler Bill Gates. Ask him to add a column for it.

    Chakrabortty says people should blow their money cos reasons. The Left feels best when they are blowing other people’s money, not their own.

  14. Off Topic: I note, with some amusement, that Murphy has announced that TJN is looking to add two new members (non-executive) to its board. The new members will be appointed by the eight existing board members, rather than being elected by the various stakeholders with an interest in the operations of TJN. Good to see TJN ignoring the suggested corporate governance reforms in the latest brain-fart from Labour.

    As usual, it’s a case of Richard Murphy and his comrades leading by example…

  15. @ Martin
    Supplying goods and services that people want at (or below) a price that they are quite willing to pay.
    That is what any surviving business does. The ones that don’t fail to survive unless propped up by their friends in government (e.g. The Guardian which was given a monopoly on public sector job adverts by its New Labour pals – or any nationalised industry).

  16. Tim, what service to the community would that be?

    Whatever Mr. Chakrabortty and his playmates happen to want at the moment.

    It usually has something to do with taking stuff away from the folks they don’t like and giving it away (after they take their cut) to those they want to subjugate.

  17. Tim, what service to the community would that be?

    Providing goods and services at prices people are willing to pay.

    The council fucks me sideways in tax for pisspoor services and I’m meant to be grateful for it. Supermarkets and shops provide food and other goods at historically rock bottom prices and we are conditioned to think “wankers, only in it for themselves”.

  18. @Rob

    Thing is, most of those services, however good or bad, aren’t for you… it’s something very much devoted to a small section of the population (so most of us don’t really see it)

  19. “Also single mothers get a 50% discount.”

    Is that correct? When did that come in? I’d better tell my friend, as a single person he only gets a 25% discount, he’d better tell the council he’s a single parent not just a single person.

  20. Since when were investors averse to high risk? I have a portion of my own money in high risk funds.

    It’s merely that they, and I, expect high reward for the risk.

  21. Bloke in North Dorset

    “The spreadsheets come from their fellow traveler Bill Gates. Ask him to add a column for it.”

    They hate Bill Gates, with a passion.

    He was the nerdy kid who was supposed to have sand kicked in his face and be laughed at when he didn’t get an invite to the cool parties. Instead he went on to make $gazillions and could have had the pick of the best girls.

    Even worse, he now spends his own money on what he considers to be worthy causes which he administers, when he should have been giving in to them to spend on themselves what they consider to be worthwhile causes with them being paid megabucks to fly around in first class feel smug while they laud it over the little people.

    And to cap it all, his approach seems to work and is alleviating poverty, if he and others like him carry on like this there’ll be no work for Jacinda and her mates at the big fake charities.

  22. @ jgh
    Sorry – it’s 25%, getting confused with second homes (also tend to be Labour supporters but less overwhelmingly so)

  23. ‘The first place I visited in the series, Preston, is often called a model for how it brings public spending back home. Yet simply to cut and paste what the councillors and officials and advisers have done there may not work in another part of the country with a crew that doesn’t have the same doggedness and heart.’

    Chakrabortty combating cultural hegemony, without giving a nod to Gramsci. Chakrabortty is a socialist turd.

  24. Napoleon’s “nation of shopkeepers” still going strong, only some of them have moved online. The holders of capital who take the long-term view, love risk and think it’s all about social purpose tend not to be holders of capital for very much longer.

  25. Destruction of capital is Chakrabortty’s goal; overcoming cultural hegemony is too hard.

    Gramsci warned that Chakrabortty’s way will fail, yet CM scum persist.

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