Economics with Punch and Judy: Britain’s Trillion Pound Horror Story
November 13th, 2010If you watch any documentary this year, it absolutely must be ‘Britain’s Trillion Pound Horror Story’ http://bit.ly/9ICXTi.
Where the problem of Britain’s money is laid out so simply and effectively that even a child could understand it.
If you still believe in:
- ‘Benefits’
- ‘Grants’
- ‘Funding’ the arts
- Councils to do everything
- State funded education
- Government ‘subsidies’ of anything
- Government ‘investment’ in anything
Then you need to watch this programme. After having watched it, if you STILL think that these things are not immoral, unethical and insane then you really are lost.
Every once in a while, someone writes something that is so clear and efficient at dispelling commonly held beliefs and myths that it changes everything. This television programme is one of those things. The first twenty three minutes alone are enough to expunge all of your false ideas about the true nature of government spending.
What is for sure is that democracy will inevitably lead to absolute socialism, and this documentary proves it. The clients of the giant state, who all have a vested interest in keeping the monster alive, will always be disinclined to vote for liberty and a smaller state, as they will be cutting off the teat that is feeding them. As the programme says, there are places in the UK where 70% of the economy is made up of state feeders; none of those people are going to vote for a smaller state. Ever.
Taking all of this into account, its clear to see that there will not be many more chances for Britain to escape the nightmare of total socialism; if this lot do not unleash the forces of capitalism immediately, subsequent elections will turn this country back towards socialist totalitarianism; there will simply not be enough people left to vote for anything else.
The only way this can be prevented is if the economy is returned to sanity in a very short amount of time, so that the people who used to rely on the state, will be able to find places in the real economy. They will then be disinclined to vote for socialists who will destroy their prosperity. If this is not done quickly, and people are languishing for too long, a reversal will be much more difficult.
Whoever is in charge, if they understand economics at all (fat chance) should be thinking about secondly reducing the size of the state, and firstly, removing all obstacles to capitalism, like the minimum wage, all regulations on hiring people (and everything else), abolishing VAT etc etc.
If this is not done immediately, then there is going to be… trouble.
A failure to unleash capitalism (to ‘go Hong Kong’) will mean that either the system will have to be brought down by some other means, or it will turn to socialism. Which is the most likely outcome? Who knows? The choices are clear however, and there is still alot of educational work to be done, what with all the totally delusional Keynesians, Socialists, Statists and Global Warmistas debating wether or not gravity holds you down: http://j.mp/9Ttwpi whilst it does precisely that. If otherwise intelligent people persist in their wishful thinking, wilful economic illiteracy and statism, then it is going to take nothing less than a wholesale withdrawal of support from the productive to engineer the change to reality based living that is so desperately needed.
Once again, its Libertarianism that is the key to real prosperity of the sort that made Britain great; property rights are the ultimate right that not only protects you personally, it also protects your family, your money, your future, your security and allows you to fulfil your maximum potential.
UPDATE!
An intelligent person at Home Ed Forums said:
barrybloye
Channel 4: Britain’s Trillion Pound Horror Story
It’s surprisingly digestible, but reveals some shocking facts about the UK’s debt and the burden that heavy taxes and bureaucracy have on the country.
Can you believe that the UK Government controls 53% of the British economy (compared to 28% in China)!?
I think it has massively redefined my idea of Britain’s place in the World, almost as much as the Balls–Badman affair.
Clips:
UK public sector is crippling UK economy
Lowering taxes actually increases tax revenueHat-tip to Blogdial.
Indeed.
We have been talking about this for several years now. Anyone who takes what we say seriously (and there are many that do, resulting in profound changes to their entire personal philosophies) will have already read ‘For a New Liberty’.
You need to read that book. I am not just saying that to be saying it; I REALLY MEAN IT. Surf to mises.org and BUY IT. NOW. It is one of the most important books you will ever read. After reading it, you will be left with the choice of being an irrational, imbecillic, violent moron, or an ethical, rational real human being, with a deep, morally based concern for the welfare of your fellow man.
I’m not making that up. I’m not saying it for effect.
If you think that this documentary is digestible, revealing, shocking and redefines your ideas about Britain’s place in the world, you are in for a BIGGER SHOCK. ‘For a New Liberty’ is 1000 times more profoundly life changing than this documentary, because it deals with every part of your life, and not just money alone.
Its great to have a small part to play in spreading these ideas. Its through their spread that we are finally going to be rid of the state, so at the very least our children can live like real human beings instead of cattle.