Might I also add that it is also totally avoidable? I have little doubt that, debt or not, Cineworld could survive if the rents it pays were to be reduced. But, once more, I suspect that landlord inflexibility will not be available in this case. It is the rentier who is destroying our economy and much of our way of life in the post-Covid world. And it is the landlord, with the banker, who will be destroying jobs. We need to remember that.

Snippa is trenchant as ever. Oh, and perhaps not entirely and wholly correct in each and every detail:

Cineworld is among a raft of firms which have refused to pay rent during the coronavirus crisis

12 thoughts on “Oh, right”

  1. ‘I suspect that landlord inflexibility will not be available in this case.’

    Huh? Does he proofread?

    Hard to imagine an ‘economy’ where one doesn’t have to pay one’s rent.

    ‘And it is the landlord, with the banker, who will be destroying jobs.’

    Ahhh . . . I get it. Your business fails, and it’s someone else’s fault. Kill the landlord; take his stuff.

    And that banker! Aggregating the community’s money for use by all. And if you don’t pay him back, it’s his fault! Kill him, and take the community’s stuff.

    No banking. No renting. Welcome to the future. 500 BC.

  2. Pam says:
    October 5 2020 at 8:28 am

    I too enjoy the cinema…but “I cannot remember the last time I watched a film at home”.. shows you are in a tiny minority

    Wake up to Netflix, amazon prime and sky movies, the rest of the world has..
    Reply

    Richard Murphy says:
    October 5 2020 at 8:41 am

    I have tried

    But it does not work

  3. It’s certainly a problem. There’s a lot of commercial property that simply isn’t worth what it was a year ago. And by the look of things, that isn’t going to change for some considerable time, if ever. So who takes the hit? If it’s all on the tenants, they’re not getting the value of the leases for which they contracted. It puts them out of business. A lot of voids in an area will lower the value of all premises in an area because who goes somewhere half the businesses are shut?. That hurts the landlords

  4. @aaa

    Reminiscent of his views on Dominoes Pizza, which he said obviously had far to many choices as he only liked Hawaiian pizzas with extra lard.

  5. Wake up to Netflix, amazon prime and sky movies, the rest of the world has..
    Reply

    Richard Murphy says:
    October 5 2020 at 8:41 am

    I have tried

    But it does not work

    Try paying for it you thieving cvnt.

  6. OT, in another of his blogs on the success of his recent gouging of appointments, research projects and funds from academe and the third sector:

    “Third, tax is now a fairly small part of my work, with accounting and auditing dominating it. I suspect that this is a trend that will continue. I do, of course, continue to be interested in tax and its development but my concerns and those of funders do not seem to overlap these days. I have changed my twitter profile to reflect this. I no longer say I am a tax justice campaigner: I say I am an economic justice campaigner.”

    There is now a room somewhere in an Ely end-terrace which has a sheet stuck on the window printed “debits” and on the opposite wall “credits” with marks on the floor for correct orientation of the chair and desk between them.

  7. @Bravefart

    Notice also that he now no longer actually needs donations but will use any he gets to work out how he can monitise his dreary video blogs. So using hand-outs to make himself more money.

  8. The Left will shoot the private landlords and immediately replace them with the State. If you thought your bourgeois rentier was bad, your new landlord has machine guns and tanks. She has form for charging you twice, three times, however many times she wants. She makes the Law, not follows it.

    There’s absolutely no reason why a sub-optimal situation cannot be replaced by a complete shitshow; in fact it is fairly normal, which is why I tend towards small ‘c’ conservatism, along with most people.

  9. One of the cornerstones of Elynomics is the ubiquity of hooked noses.

    This seems to be almost a caricature of the left, with their inherent antisemitism masquerading as “love of Palestinians” or “Hatred of the baby-killing policies of the state of Israel” (adjust according to taste)

    Maybe we should just start calling it what it is?

    “Oh. So you’re saying you’re a racist bigot and you hate the Jews? Got it”.

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