Friday , April 4 2025
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Chunky Mark – ‪Who needs HELL when we’ve got the Conservative Party‬

Summary:
I had an engineer around today and we got talking about politics, but it turned he was on the right. He told new we tried socialism and it didn't work, but is the Conservative Party style of capitalism working?Two thirds of the British people are now the poorest in Western, Northern Europe. And the NHS is terribly underfunded and waiting lists have become extremely long. The rich avoid their taxes while their monopoly capitalism has brought wages down, so the taxes the government collects are much lower than they used to be. This is how civilizations crumble.How long ago was the last financial crisis, yet we still haven't come out of the mess yet, and austerity is still in place? And what about the multibillion welfare subsidy to the rich which hasn't been cut. More on that tomorrow.

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I had an engineer around today and we got talking about politics, but it turned he was on the right. He told new we tried socialism and it didn't work, but is the Conservative Party style of capitalism working?

Two thirds of the British people are now the poorest in Western, Northern Europe. And the NHS is terribly underfunded and waiting lists have become extremely long. The rich avoid their taxes while their monopoly capitalism has brought wages down, so the taxes the government collects are much lower than they used to be. This is how civilizations crumble.

How long ago was the last financial crisis, yet we still haven't come out of the mess yet, and austerity is still in place? And what about the multibillion welfare subsidy to the rich which hasn't been cut. More on that tomorrow.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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