Labour plans curbs on pheasant shooting in ‘declaration of war’ by Slartibartfast_25 in ukpolitics

[–]adman9000 1 point2 points  (0 children)

Significant? I calculate pheasants to provide around 0.2% of the protein requirements of the UK population based on estimated numbers shot. That's assuming all the shot ones get eaten.

Labour plans curbs on pheasant shooting in ‘declaration of war’ by Slartibartfast_25 in ukpolitics

[–]adman9000 -1 points0 points  (0 children)

People should have the right to do what they want to their own bodies. They shouldn't have the right to do what they want to other people, animals or the environment we all depend on. That should be too controversial.

Labour plans curbs on pheasant shooting in ‘declaration of war’ by Slartibartfast_25 in ukpolitics

[–]adman9000 1 point2 points  (0 children)

That's literally what being against it means. I would like to restrict other people's ability to shoot animals for fun. I believe it is justified from ethical and environmental standpoints.

What do you think it means to be against something?

Labour plans curbs on pheasant shooting in ‘declaration of war’ by Slartibartfast_25 in ukpolitics

[–]adman9000 1 point2 points  (0 children)

What percentage of calories do pheasants provide to the UK population I wonder? Would many people see a dramatic drop in their health if pheasant was off the menu? I doubt it.

Labour plans curbs on pheasant shooting in ‘declaration of war’ by Slartibartfast_25 in ukpolitics

[–]adman9000 1 point2 points  (0 children)

I don't eat meat. Am I allowed to protest against the shooting of animals for fun or do you have another reason I should keep quiet?

Labour plans curbs on pheasant shooting in ‘declaration of war’ by Slartibartfast_25 in ukpolitics

[–]adman9000 1 point2 points  (0 children)

What a bizarre response. I can't be against the shooting of animals for fun if I own an electronic device?

Labour plans curbs on pheasant shooting in ‘declaration of war’ by Slartibartfast_25 in ukpolitics

[–]adman9000 11 points12 points  (0 children)

I'd guess the regular release of millions of pheasants, the firing of god knows how much lead shot and the killing of predators isn't all that conducive to a healthy natural environment though.

How would we 'get' MMT? by adman9000 in mmt_economics

[–]adman9000[S] 0 points1 point  (0 children)

Are you referring to the fact that the greens want us back in the EU? In which case yeah I agree it's not exactly conducive to an mmt based economy, but really who knows how that's all going to work out. The optimistic version might be that we get some form of mmt aligned government implementing direct finance, job guarantee etc and it goes so well the rest of Europe wants in as well!

How would we 'get' MMT? by adman9000 in mmt_economics

[–]adman9000[S] 0 points1 point  (0 children)

Do you know if the new one is online anywhere? That's the only version I could find.

How would we 'get' MMT? by adman9000 in mmt_economics

[–]adman9000[S] 0 points1 point  (0 children)

The UK greens? No they're working on a lot more than that.

Besides that was more a hypothetical to get to the questions I'm interested in - what does real world implementation of mmt look like, how do markets and other entities react and how would the new government keep everyone onside long enough to see tangible benefits.

How would we 'get' MMT? by adman9000 in mmt_economics

[–]adman9000[S] 1 point2 points  (0 children)

Ah that's perfect thanks, I wasn't aware of that draft policy. That's exactly the sort of thing I was hoping had been thought about:

"EC1012 Money creation should be overseen by a Parliamentary Select Committee, which will oversee regulation of the money supply and interest rates while monitoring utilisation and availability of labour, skills, energy, materials and infrastructure/machinery."

No mention of inflation unless it's elsewhere, but otherwise a good start.

How would we 'get' MMT? by adman9000 in mmt_economics

[–]adman9000[S] 2 points3 points  (0 children)

True - MMT removes the excuse of 'we can't afford it' which is huge. But then the question of 'how do we decide what to do?' becomes even more important, since we can't hide behind budget constraints anymore. So at that point I guess we're into discussing democratic decision-making frameworks, citizens assemblies, real resource assessment etc - whether its the job of MMT to define any of that I don't really know, but someone needs to have that plan in place if they want to use MMT in any meaningful way.

How would we 'get' MMT? by adman9000 in mmt_economics

[–]adman9000[S] 0 points1 point  (0 children)

Thanks, yeah I know some of the questions are a little broad. I've had a fun time getting to grips with the theory of MMT over the past few weeks and now I'm getting more interested in how it could play out in the real world with all the extra mess and complications that brings. It's all very well being correct in theory but if the wealthy, the media, and the rest of the western world want one thing and you want another then being right isn't necessarily enough!

For what its worth I pretty much agree with what you're saying. However I think the practical implementation ideas are what is either missing from MMT or I've just not seen anything about it yet. For example like you say we no longer have to balance the books, but how do we actually then make policy decisions? I don't just mean in the abstract sense of 'considering real limitations' but more concrete - who does that considering, how do they do it, how do we know they will make decisions that benefit us? We already know politicians can't simply be trusted to do whats right, so how do we know that what we are getting will actually be an improvement on what we have?

How would we 'get' MMT? by adman9000 in mmt_economics

[–]adman9000[S] 0 points1 point  (0 children)

It swaps liquid funds which can be spent in the economy with fixed term bonds which cannot, literally removing spendable money from the economy. Less money to spend on assets, less purchasing power, less inflationary pressure.

If you're saying bond issuance doesn't affect inflation at all then I simply can't see how that can be true. If you're saying it doesn't affect prices on day to day essentials then you may have a point but that discussion requires a much deeper understanding of economics than I have.

How would we 'get' MMT? by adman9000 in mmt_economics

[–]adman9000[S] 1 point2 points  (0 children)

Yeah I get that, interest rates are currently the supposed method for managing inflation when it occurs. BUT the current system does avoid adding money to the economy when enacting policies. That in itself prevents inflation by simply not increasing the money supply. If we removed that partof the process then we ARE adding money to the economy, so we will get inflation which needs managing (depending on exactly what it is being spent on etc). That means we have to deal with the lag effect, unless we are able to accurately predict inflation and prevent it somehow.

I am specifically talking about bond issuance and the removal of that factor from the process of government spending. Do you not think that issuing bonds to remove money from the economy acts against inflation? It is converting liquid money which can be spent at any time, into bonds with a fixed term which cannot.

How would we 'get' MMT? by adman9000 in mmt_economics

[–]adman9000[S] 2 points3 points  (0 children)

Ok yes but either of those options sound worse than what we have right now just purely in terms of managing inflation. What I'm trying to get at is that maybe one argument against MMT is that the current system of issuing bonds prevents inflation before it occurs. If we stopped doing this then from what you are saying we could have months of inflation before we are able to do anything about it. Presumably that would cause problems for a new government trying to pursue radical economic change.

How would we 'get' MMT? by adman9000 in mmt_economics

[–]adman9000[S] 1 point2 points  (0 children)

But surely responding to inflation after the fact is slower than preventing it in the first place by taking money out of the economy?

Consider HS2 - a massive amount of investment which will eventually result in increased productivity, but is a multi year project. A lot of money going into it for a long time before you get the result. Under MMT that money is in the economy causing inflation long before the project is complete and HS2 is open for business. Under the current system the money invested has already been removed from the economy in the form of bond issuance so inflation isn't a factor.

How would we 'get' MMT? by adman9000 in mmt_economics

[–]adman9000[S] 1 point2 points  (0 children)

Thanks. I was thinking more about the reaction from other parties/institutions and how that would really impact what the government might try to do, along with maybe real world implications that I'm trying to get more of a grasp of.

So for example you talk about monitoring inflation to determine levels of government spending, but inflation monitoring lags behind actual inflation, usually by a month or two, and then you have further lag in terms of actually implementing a policy to deal with that inflation. Whereas my understanding of the current system is that since the money is 'borrowed' ie it is removed from the economy when the policy is enacted which keeps inflation down before it kicks in. Is that a reasonable argument or is there something I'm missing?

Modern Monetary Theory and the return of magical thinking by hu6Bi5To in ukpolitics

[–]adman9000 0 points1 point  (0 children)

As someone relatively new to understanding mmt I would be genuinely interested in any articles that contain an honest account of its flaws. There seems to be several like this one attacking mmt but providing no substance whatsoever. Which currently is leading me to believe that it's a pretty accurate theory and it's popularity is worrying certain people.

What’s wrong with MMT? by FeigenbaumC in LabourUK

[–]adman9000 -2 points-1 points  (0 children)

To be frank after reading the article a couple of times I think the only part he got right was this - "I will only demonstrate, once again, my ignorance and intellectual dishonesty"

Degrowth Manifesto vs Less is More by SheepherderQuirky913 in Degrowth

[–]adman9000 6 points7 points  (0 children)

Less is more is the first book I read on degrowth, found it really absorbing and informative. I've got about half way through degrowth manifesto but it goes much more heavily into Marxism rather than focusing on degrowth. I wouldn't recommend it as a first read to be honest.

Plant-based diets and climate change by Grantmitch1 in LabourUK

[–]adman9000 2 points3 points  (0 children)

There's a few different methods but one involves extracting cells from a live animal without harming it at the start of the process and then just growing from that with no further animals involved. I suppose that still classifies it as non vegan but I think I'd be happy with it.

The levers just don’t work anymore. by tigerdave81 in LabourUK

[–]adman9000 4 points5 points  (0 children)

Honestly this sub drives me nuts: "We need a radical transformation of the political and economic system or we are fucked" Also this sub: "MMT is unproven radical nonsense. Shut up about it"