The fact that this lecture took place in the Sheikh Zayed Theatre in the Cheng Kin Ku Building tells you all you need to know about the state of Britain in the 21st century - awash with foreign funds and not able to finance our own future - decline is inevitable...
Bravo well said. I left the UK when you were 14 in 1982 and have lived in France ever since. I have 5 kids and 5 grandkids all 5 kids have degrees, 3 Master’s degrees and one PhD - they have no student debt at all. My eldest granddaughter is in the second year of law at uni and wants to be a judge. Not bad for a chav eh! You are so right, I will buy your book.
I'm in the US. To afford to raise 5 kids and have them all have degrees, you'd have to be very, very wealthy. Say a million $ for each kid to see them through college and get them started so that's $5 million right there. No wonder it's so hard to immigrate to France. A nation that rich is not going to let just anyone in.
I left in 2001, and arrived in Germany with a suitcase and no qualifications. Now I have a vocational and professional qualification, a good and fulfilling job, no debt, and my kids are learning different professions that fit their personalities. No wonder the UK doesn't want freedom of movement, if too many people realised the opportunities in Europe, they'd have no-one left to do the dirty work...
@@alexcarter8807 my wife's American and we love living here. And it’s not just the free education, it’s the healthcare for all and I mean all. We're heavily taxed and it’s not as easy to become rich as in the US but our lives are very comfy, as a retiree I went away 9 times on hols (vacation) last year - I’m hoping to beat that this year 😁
So happy I left the UK in 2009. Looking back, the years 2003 to 2006 were good years in the UK, although it did not seem so at the time. I still follow UK news however and worry about some of my relatives who live in the failing state. One of the strange things about the UK is how bad the British are at learning from other countries. The BBC loves doing somewhat condescending documentaries on living conditions in poor countries. But studying countries that are doing better than the UK and trying to copy the best ideas is not something in British peoples' DNA. Even admitting that other countries might be doing better in some ways is tough for the Brits.
I am a European. My motive for remaining may be naive, but I believed we might learn best practice like running railways, producing food, Fishing, building cars, housing people, even socializing away from drunken partisan football hooliganism. You are right in every word. Brits are card carrying xenophobes who started with the world and finished with nothing. The people who drive their cars to the airport along filth corridors littered with their cast offs, then drink their way through a week in Spain, trashing the place and the people are in cloud cuckoo land.
Oh yes? I read the comments in good quality newspapers all the time and a great many of them point out how we are lagging behind other countries. The question is what can be done about it? For example we can’t ever have a health service like those in other European countries because too many people see the NHS as sacrosanct.
@@Lifelongloser The problem as I see it is that the UK needs first to get its economy on a more healthy footing. Without that, the UK can't afford better public services. Brexit is largely to blame for sucking the life blood out of the UK. The government needs to find ways to facilitate trade with the EU instead of being knee-jerk hostile to the EU. I didn't follow your comment on the NHS. The government certainly doesn't see the NHS as sacrosanct. They are defunding it, and handing over things to expensive private contractors.
Exposing the rot that this country has and is now experiencing, is the best thing anyone can do and Danny does it very well. We need him on prime time TV to overcome the right wing press strangle hold on what passes for our "Free Press"
I left the UK for US in 2000. I have no student debt, live in a large house with a large garden with a 30 year fixed rate mortgage. I can deduct mortgage interest from my income taxes. I have access to much higher customer service that in the UK and a friendly community life I can't imagine in the UK. Health care can be expensive, but mine is excellent. I got a special series of treatments at the Cleveland Clinic in Ohio that is, I'm told by the number of Canadians there getting the same treatment with me in Cleveland, entirely unavailable in all of Canada.
End of video question on housing: Interesting fact: due to the 1915 rent freeze (backdated to 1914) and rent control post-1918, between 1920-1930, 1 million rented properties were purchased from the rentier landlords to the sitting tenants, as they sold them off due to prices dropping (and thus yields) with negative FOMO, i.e. 'fear of losing out'. All started from a nationwide rent freeze and a post-war fear of uprising if they returned to the pre-1915 'free market', thus the 1919 Social Housing Act and continued rent controls (as messy as they were). Note: by 1910, 90% of UK property was owned by the top 10%; by 1990, it was 60/30 split between owner-occupier and social housing (Ref; Piketty, John Doling, Timmins, Fraser and Lowe, just for starters).
I lived in Gulf for 30 yrs , returning 5 hrs ago . What I have found is a country on the brink of tearing itself apart . The decline in services , health education housing infrastructure are all in appalling condition. This I feel is directly associated to huge wave of immigration which has had a detrimental effect on society . Housing is in dreadful situation , the lack of accommodation for young people will end in tears . The crime factor is real and frightening.
If you read one of Danny Dorling’s books he’d give you the facts behind Britain’s decline and you’d find your feelings were not a reliable guide to the reasons.
How are you able to provide this profound assessment,, if you lived outside the UK for 30 years and are back for 5 hours? I hope you see the irony - stupidity? - yourself.....😅
You obviously haven't been listening to a word Dorling has said, otherwise you wouldn't be blaming immigrants for the sorry state of the nation. Btw, I hope your 30-year sojourn in the Gulf was a wonderfully welcome one.
In the 2010 presidential election in Brazil, the candidate for the Socialist Party (PSOL) was the law scholar and Workers Party founder Plínio de Arruda Sampaio. When they were discussing housing, he mentioned a law mandating that an empty house in the UK be rented. Is the law still valid? I recognized the lecturer becautse of his voice but he's changed somewhat - I guess the weight of his preocupations did that. A good person, Prof. Dorling is!!!!
We have a strange eugenics which is done by starving the poor to an early death. Things can't get any worse for the poor - yes they can. The poor can die a couple of decades earlier, their children can't learn because they're hungry so yes, things can always get worse for the poor.
I'm in the US and grew up here, and yes, it's very hard to learn when you're starving. You tend to doze off because your body is trying to conserve calories, and your mind kind of goes dead; it's hard to concentrate on things.
@@alexcarter8807 so sad and immoral that you were hungry in the richest nation on earth. Our government and business leaders know no shame unfortunately. Malignant greed is the order of the day.
It’s not just politics. Businesses no longer have managers, they are now known as Leaders. I have been told that they are not there to manage but to lead. So no one manages and onward, onward, rode the 500.
Why would people talk so much about addressing inequality, at a school of economics, and say nothing about sharing natural wealth? If we charge industries proportional to how much they extract of natural resources or emit pollution or encroach on wildlife, we will make a market system that offers more honest representations of costs. If we *don't* account for externalities, doing harm will continue to bring profit. That promises a bleak future to youth. Continued degradation of the Earth's capacity to sustain a prosperous society. Fees charged proportional to adverse impacts, with proceeds shared, would promote sustainability and end poverty. Yet economists remain silent, as if those goals are not important.
Corporations are not loyal to a state. Money goes where it grows best. Once Britain becomes destitute and unions have disappeared, money may come back to start a new cycle of exploitation. A share in a company should be also a share in the place where it operates so that the company will not leave -- a marriage separable by death only.
Of course they’re not. Neither are all the people in the comments section saying they’ve left the country. You need to make sure that corporations want to continue to do business in the UK, just the same as for individuals.
@@andrewharris3900 Removing Freedom of movement is a good way to slow down outward migration so you can exploit the population. People voting for Brexit didn't realise this.
@@Korschtal I’m fully in favour of freedom of movement, if I were in charge of the UK I would allow free movement for anyone under the age 40 with citizenship in a Western nation (US, Aus, Can, NZ, EU, Taiwan, Japan, SK etc.).
Ok but why can the world not have a logical direct conversation with the poor to not have so many children I would include poor countries that are obviously not able to care for their own that they’re fleeing in record numbers to other countries needing massive aid to get on board 😢
The problem with that (apart from the fact that such migration has always happened throughout history) is that wealthy people consume far more than poor people, and that one reason so many countries are poor is because their wealth is being removed by their own leaders and western companies.
It's not as bad as you are making out. I have been impressed by a number of developments in modern times. HS2 is progressing at least to Birmingham and crossrailI is complete and really just terrific. The speed of expansion of the offshore wind energy sector is excellent and I am impressed by the building of the Finley c reactor which the previous labour administration consciously chose to ignore. The completion of the Edinburgh tram system is also a positive project. Funding for the NHS is at an all time high and the proportion of the population in higher education is at an all time high. We are the second largest foreign student population country after the USA with 17% of the global market. Exoports are the highest ever achieved and ready beyond one billion dollars per year and approaching one billion pounds. All of this inspire of the banking crash, the collapse in North Sea oil revenue and covid 19 plus Brexit and the war in the Ukraine. The absolute number of people in work is the highest it has ever been. Expansion of electric vehicles is rapid and faster than I expected with the prospects of a marked reduction in our oil import bill. UK manufacturing has overtaken France and behind only Italy and Germany in Europe. Over 230,000 houses built every year.
They opened a new ALDI in the town I live in. It's not all bad. A broken truck still moves forward out of momentum but eventually it stops. It's a failed state.
Look to Akhil Patel of Southbank Research and Investment . . . to his ' Land cycle , and the Kondratiev long cycle . . . 2008 crisis followed the end of the Land cycle of 2007 , an 18 year cycle , next end to be 2025 . . . the previous Kondratiev end was near to 1972 , the next expected about 2027 , coinciding almost , hence a double whammy should be exp . . .
When real estates become investments, people become resources and policies become business plans, rest assured that the entire economy will skew in favour of the rentier class and its fellow banksters while the real productive parts of the economy will be hollowed out and implode. Case in point: Since the British govt really wants to go to war against Russia, ask the government to name ONE factory that's located on the British Isles that can mass manufacture the gun barrels and turrets for the Challenger 2 main battle tanks
Britain has for generations underinvested in research, infrastructure, education, modernization of factories and almost everything else. The reasons for this terrible shortage of investment are complex. Bad planning. Inertia. Short term thinking. Political populism. Poor understanding of the private sector and wealth creation. And many other factors. Schools don't teach the first thing about economics and how the UK creates wealth. But Brexit has certainly aggravated the situation greatly. Brexit is bleeding the UK white for lack of inward and domestic investment. This lifeblood for keeping any country competitive and preserving the current standard of living is denied in great part for the UK. No wonder the country is getting poorer.
Not really what he was saying. Most of the things he was pointing to as good were in 'capitalist' system (whether past UK or current europe). So it's more with what happen after the 80's to do with change in distribution.
If you think that so many people have become Capitalist Road-Kill wait until you see what the Uber rich with the assistance of AI will do to the ordinary citizens. It is sad for me as I worked in London in the 80's and there was well paid building work available if you were willing to do it.
I think the consequences of voting Conservatives is that they are focussed on holding on to what they have and keeping the Great Unwashed down…so please
Same as today, well paid work for those willing to do it. When I moved to the UK from Australia I found a job the very next day. Problem is too many living off the state and too few workers, the state is failing because anyone can come here and does on the system.
What a load of socialist nonsense. Indicative of a typical university lecturer - living only in academia land. There are fees for university, if your poor you don't have to worry about them because you don't pay it back until after a threshold. If your a university lecturer you should know this. He also talks a lot about the housing situation in oxford, whilst conveniently ignoring the fact that oxfords population has vastly increased from when he was a child - he is not comparing like to like.
Or you could live in Europe where we understand that a good education is an investment in everyone's future: I arrived in Germany in 2001 with no qualifications, now I have a vocational and professional qualification and a good career. My children are all gaining qualifications as well, all with good prospects, all debt free.
the sound quality is so horrible, wth? failed LSE first of all, can you guys buy a decent microphone? also, Finland does pay teachers and grants them authority over pupils in school, they do not tolerate prima donnas in class. but, nationalizing schools will make them worse, and not improve the overall quality of the system. so yes, moe equality, but more equal share of a bitter bread. and less private landlords means fewer places to rent too.
This guy is complaining about increasing poverty and inequality since the 1970's. During that time, the number of regulations and economic controls has increased. His solution is to have more regulations and economic controls. People at the LSE need to start using economics again.
Correlation doesn't imply causation. The idea that our current woes and then downward trends since the seventies have much to do with an excess of regulation and economic control is frankly laughable. Go away and learn about neo liberalism.
@@phillheth correlation alone is not sufficient to imply causation. But there are many papers showing that in instances where regulations decrease, price decreases. Maybe you should learn economics before you start talking about neoliberalism.
I see. Just to clarify then. It seems, By extension your contention must be. The governments of Thatcher and Reagan didn't slash enough regulation, and that's why we saw increases in inequality, decline in living standards etc . Happy to stand by that ?
@@phillheth don't take my word for it, see for yourself.... Regulation and income inequality in the United States Dustin Chambers, Colin O'Reilly European Journal of Political Economy 72, 102101, 2022 Barriers to prosperity: the harmful impact of entry regulations on income inequality Dustin Chambers, Patrick A McLaughlin, Laura Stanley Public Choice 180, 165-190, 2019 Regulation and income inequality: The regressive effects of entry regulations Patrick A McLaughlin, Laura Stanley Mercatus Working Paper, 2016
The fact that this lecture took place in the Sheikh Zayed Theatre in the Cheng Kin Ku Building tells you all you need to know about the state of Britain in the 21st century - awash with foreign funds and not able to finance our own future - decline is inevitable...
Bravo well said. I left the UK when you were 14 in 1982 and have lived in France ever since. I have 5 kids and 5 grandkids all 5 kids have degrees, 3 Master’s degrees and one PhD - they have no student debt at all. My eldest granddaughter is in the second year of law at uni and wants to be a judge. Not bad for a chav eh! You are so right, I will buy your book.
I'm in the US. To afford to raise 5 kids and have them all have degrees, you'd have to be very, very wealthy. Say a million $ for each kid to see them through college and get them started so that's $5 million right there. No wonder it's so hard to immigrate to France. A nation that rich is not going to let just anyone in.
I left in 2001, and arrived in Germany with a suitcase and no qualifications. Now I have a vocational and professional qualification, a good and fulfilling job, no debt, and my kids are learning different professions that fit their personalities.
No wonder the UK doesn't want freedom of movement, if too many people realised the opportunities in Europe, they'd have no-one left to do the dirty work...
Alexcarter. Have on ever been to France?
Do some research.
What they DO have in France is strong Unions.
Nothing to do with strong unions, everything to do with France being a popular Republic. In 42 years résidence you could say - I’ve been to France...
@@alexcarter8807 my wife's American and we love living here. And it’s not just the free education, it’s the healthcare for all and I mean all. We're heavily taxed and it’s not as easy to become rich as in the US but our lives are very comfy, as a retiree I went away 9 times on hols (vacation) last year - I’m hoping to beat that this year 😁
So happy I left the UK in 2009. Looking back, the years 2003 to 2006 were good years in the UK, although it did not seem so at the time. I still follow UK news however and worry about some of my relatives who live in the failing state. One of the strange things about the UK is how bad the British are at learning from other countries. The BBC loves doing somewhat condescending documentaries on living conditions in poor countries. But studying countries that are doing better than the UK and trying to copy the best ideas is not something in British peoples' DNA. Even admitting that other countries might be doing better in some ways is tough for the Brits.
I am a European. My motive for remaining may be naive, but I believed we might learn best practice like running railways, producing food, Fishing, building cars, housing people, even socializing away from drunken partisan football hooliganism. You are right in every word. Brits are card carrying xenophobes who started with the world and finished with nothing.
The people who drive their cars to the airport along filth corridors littered with their cast offs, then drink their way through a week in Spain, trashing the place and the people are in cloud cuckoo land.
Ya they still believe in d empire simply called exceptionalism 😂
Oh yes? I read the comments in good quality newspapers all the time and a great many of them point out how we are lagging behind other countries.
The question is what can be done about it?
For example we can’t ever have a health service like those in other European countries because too many people see the NHS as sacrosanct.
@@Lifelongloser The problem as I see it is that the UK needs first to get its economy on a more healthy footing. Without that, the UK can't afford better public services. Brexit is largely to blame for sucking the life blood out of the UK. The government needs to find ways to facilitate trade with the EU instead of being knee-jerk hostile to the EU. I didn't follow your comment on the NHS. The government certainly doesn't see the NHS as sacrosanct. They are defunding it, and handing over things to expensive private contractors.
Danny Dorling as always very informative.
Exposing the rot that this country has and is now experiencing, is the best thing anyone can do and Danny does it very well. We need him on prime time TV to overcome the right wing press strangle hold on what passes for our "Free Press"
Why do you refer to the press as Right Wing?
In America the Press are all Marxists ....or aspire to be.
Bar10ml. Probably because it is?
Fantastic presentation, Danny! Top class delivery. Thank you very much. Amazon and you got a little richer today.
I left the UK for US in 2000. I have no student debt, live in a large house with a large garden with a 30 year fixed rate mortgage. I can deduct mortgage interest from my income taxes. I have access to much higher customer service that in the UK and a friendly community life I can't imagine in the UK. Health care can be expensive, but mine is excellent. I got a special series of treatments at the Cleveland Clinic in Ohio that is, I'm told by the number of Canadians there getting the same treatment with me in Cleveland, entirely unavailable in all of Canada.
Subsidised 30 year mortgages and income tax breaks for homeowners would be great, especially since it’s mostly white Brits that own homes.
@andrewharris3900 why does skin colour matter to you?
@@zorrodm What is my skin color?
@@3506Dodge the question was for andrewharris3900. Not you.
Divide and conquer - all by design.
End of video question on housing: Interesting fact: due to the 1915 rent freeze (backdated to 1914) and rent control post-1918, between 1920-1930, 1 million rented properties were purchased from the rentier landlords to the sitting tenants, as they sold them off due to prices dropping (and thus yields) with negative FOMO, i.e. 'fear of losing out'. All started from a nationwide rent freeze and a post-war fear of uprising if they returned to the pre-1915 'free market', thus the 1919 Social Housing Act and continued rent controls (as messy as they were). Note: by 1910, 90% of UK property was owned by the top 10%; by 1990, it was 60/30 split between owner-occupier and social housing (Ref; Piketty, John Doling, Timmins, Fraser and Lowe, just for starters).
I lived in Gulf for 30 yrs , returning 5 hrs ago . What I have found is a country on the brink of tearing itself apart . The decline in services , health education housing infrastructure are all in appalling condition. This I feel is directly associated to huge wave of immigration which has had a detrimental effect on society . Housing is in dreadful situation , the lack of accommodation for young people will end in tears . The crime factor is real and frightening.
All done on purpose
If you read one of Danny Dorling’s books he’d give you the facts behind Britain’s decline and you’d find your feelings were not a reliable guide to the reasons.
How are you able to provide this profound assessment,, if you lived outside the UK for 30 years and are back for 5 hours? I hope you see the irony - stupidity? - yourself.....😅
You obviously haven't been listening to a word Dorling has said, otherwise you wouldn't be blaming immigrants for the sorry state of the nation. Btw, I hope your 30-year sojourn in the Gulf was a wonderfully welcome one.
You are 100% wrong. You decided that within 5hrs of returning to UK.. You're already anti immigration.. Go back to Head Chopper Land.
What’s the solution then? Were there any provided ? Practical ones I mean.
Our single party state is not doing as well as another, well known single party state!
In the 2010 presidential election in Brazil, the candidate for the Socialist Party (PSOL) was the law scholar and Workers Party founder Plínio de Arruda Sampaio. When they were discussing housing, he mentioned a law mandating that an empty house in the UK be rented. Is the law still valid?
I recognized the lecturer becautse of his voice but he's changed somewhat - I guess the weight of his preocupations did that. A good person, Prof. Dorling is!!!!
We have a strange eugenics which is done by starving the poor to an early death. Things can't get any worse for the poor - yes they can. The poor can die a couple of decades earlier, their children can't learn because they're hungry so yes, things can always get worse for the poor.
I'm in the US and grew up here, and yes, it's very hard to learn when you're starving. You tend to doze off because your body is trying to conserve calories, and your mind kind of goes dead; it's hard to concentrate on things.
@@alexcarter8807 so sad and immoral that you were hungry in the richest nation on earth. Our government and business leaders know no shame unfortunately. Malignant greed is the order of the day.
Can you turn up the volume on the first hour and 11 minutes? I was gonna go make a sandwich and can't sit with my ear next to the speaker.
Also in the kitchen struggling to hear 😢
This is a fault over several of lse docs...
Unbelievable as suppose ti be highbrow. Very disapointed...
It’s not just politics. Businesses no longer have managers, they are now known as Leaders. I have been told that they are not there to manage but to lead. So no one manages and onward, onward, rode the 500.
What a tremendous man, but what a slow and stilted talk!
The volume is inadequate.
yes it is terrible
Why would people talk so much about addressing inequality, at a school of economics, and say nothing about sharing natural wealth?
If we charge industries proportional to how much they extract of natural resources or emit pollution or encroach on wildlife, we will make a market system that offers more honest representations of costs.
If we *don't* account for externalities, doing harm will continue to bring profit. That promises a bleak future to youth. Continued degradation of the Earth's capacity to sustain a prosperous society.
Fees charged proportional to adverse impacts, with proceeds shared, would promote sustainability and end poverty. Yet economists remain silent, as if those goals are not important.
Corporations are not loyal to a state. Money goes where it grows best. Once Britain becomes destitute and unions have disappeared, money may come back to start a new cycle of exploitation. A share in a company should be also a share in the place where it operates so that the company will not leave -- a marriage separable by death only.
Of course they’re not. Neither are all the people in the comments section saying they’ve left the country.
You need to make sure that corporations want to continue to do business in the UK, just the same as for individuals.
@@andrewharris3900 Removing Freedom of movement is a good way to slow down outward migration so you can exploit the population. People voting for Brexit didn't realise this.
@@Korschtal I’m fully in favour of freedom of movement, if I were in charge of the UK I would allow free movement for anyone under the age 40 with citizenship in a Western nation (US, Aus, Can, NZ, EU, Taiwan, Japan, SK etc.).
superb !
That’s America!
Ok but why can the world not have a logical direct conversation with the poor to not have so many children I would include poor countries that are obviously not able to care for their own that they’re fleeing in record numbers to other countries needing massive aid to get on board 😢
The problem with that (apart from the fact that such migration has always happened throughout history) is that wealthy people consume far more than poor people, and that one reason so many countries are poor is because their wealth is being removed by their own leaders and western companies.
People keep voting for it. Like a game of resident evil zombies
It's not as bad as you are making out. I have been impressed by a number of developments in modern times. HS2 is progressing at least to Birmingham and crossrailI is complete and really just terrific. The speed of expansion of the offshore wind energy sector is excellent and I am impressed by the building of the Finley c reactor which the previous labour administration consciously chose to ignore. The completion of the Edinburgh tram system is also a positive project. Funding for the NHS is at an all time high and the proportion of the population in higher education is at an all time high. We are the second largest foreign student population country after the USA with 17% of the global market. Exoports are the highest ever achieved and ready beyond one billion dollars per year and approaching one billion pounds. All of this inspire of the banking crash, the collapse in North Sea oil revenue and covid 19 plus Brexit and the war in the Ukraine. The absolute number of people in work is the highest it has ever been. Expansion of electric vehicles is rapid and faster than I expected with the prospects of a marked reduction in our oil import bill. UK manufacturing has overtaken France and behind only Italy and Germany in Europe. Over 230,000 houses built every year.
The problem is structural and long term. Pointing at a few positive details is not enough to turn round decline.
Every distribution has eye-catching outliers, ignore the bulk of the data at your peril.
They opened a new ALDI in the town I live in. It's not all bad.
A broken truck still moves forward out of momentum but eventually it stops.
It's a failed state.
Look to Akhil Patel of Southbank Research and Investment . . . to his ' Land cycle , and the Kondratiev long cycle . . . 2008 crisis followed the end of the Land cycle of 2007 , an 18 year cycle , next end to be 2025 . . . the previous Kondratiev end was near to 1972 , the next expected about 2027 , coinciding almost , hence a double whammy should be exp . . .
Poor audio
When real estates become investments, people become resources and policies become business plans, rest assured that the entire economy will skew in favour of the rentier class and its fellow banksters while the real productive parts of the economy will be hollowed out and implode. Case in point: Since the British govt really wants to go to war against Russia, ask the government to name ONE factory that's located on the British Isles that can mass manufacture the gun barrels and turrets for the Challenger 2 main battle tanks
Anglophone elitism versus Finnish egalitarianism.
The sound is incredibly poor
What is "welf?"
Your helf is your welf.
Britain has for generations underinvested in research, infrastructure, education, modernization of factories and almost everything else. The reasons for this terrible shortage of investment are complex. Bad planning. Inertia. Short term thinking. Political populism. Poor understanding of the private sector and wealth creation. And many other factors. Schools don't teach the first thing about economics and how the UK creates wealth. But Brexit has certainly aggravated the situation greatly. Brexit is bleeding the UK white for lack of inward and domestic investment. This lifeblood for keeping any country competitive and preserving the current standard of living is denied in great part for the UK. No wonder the country is getting poorer.
I would like to add the de-industrialisation of the UK for reasons noted in your first sentence, and its replacement with the finance industry.
We never had a modern British State nor modern strategic management at Industry or company level to readjust to a new post Imperial economic future..
Yeah, we spent it all on benefits. The work shy dossers who have too much anxiety to get a job.
@@garethhutchings4045 deindustrialisation was a policy of both Labour and the Tories. No coal, no oil, no industry…services is all that’s left.
Does that include the royal family
Data light. Prefer more analytical discourse. Thank you.
Didn't some dude say the rich get richer and the poor get poorer under capitalism? No need for a lecture when it's under your nose!
Not really what he was saying. Most of the things he was pointing to as good were in 'capitalist' system (whether past UK or current europe). So it's more with what happen after the 80's to do with change in distribution.
If you think that so many people have become Capitalist Road-Kill wait until you see what the Uber rich with the assistance of AI will do to the ordinary citizens.
It is sad for me as I worked in London in the 80's and there was well paid building work available if you were willing to do it.
I think the consequences of voting Conservatives is that they are focussed on holding on to what they have and keeping the Great Unwashed down…so please
Same as today, well paid work for those willing to do it. When I moved to the UK from Australia I found a job the very next day. Problem is too many living off the state and too few workers, the state is failing because anyone can come here and does on the system.
*doss on the system.
Other people's money ....and the end of a sharp pointy stick.
What a load of socialist nonsense. Indicative of a typical university lecturer - living only in academia land. There are fees for university, if your poor you don't have to worry about them because you don't pay it back until after a threshold. If your a university lecturer you should know this. He also talks a lot about the housing situation in oxford, whilst conveniently ignoring the fact that oxfords population has vastly increased from when he was a child - he is not comparing like to like.
Or you could live in Europe where we understand that a good education is an investment in everyone's future: I arrived in Germany in 2001 with no qualifications, now I have a vocational and professional qualification and a good career. My children are all gaining qualifications as well, all with good prospects, all debt free.
the sound quality is so horrible, wth? failed LSE first of all, can you guys buy a decent microphone? also, Finland does pay teachers and grants them authority over pupils in school, they do not tolerate prima donnas in class. but, nationalizing schools will make them worse, and not improve the overall quality of the system. so yes, moe equality, but more equal share of a bitter bread. and less private landlords means fewer places to rent too.
I’ve half a mind to become a socialist!
I think Enoch Powell, in 1969, foresaw what would happen while you were still a child ?
The presenter got more nicknames or accolades than some wrestlers do, but not as much as Apollo Creed...LoL
This guy is complaining about increasing poverty and inequality since the 1970's. During that time, the number of regulations and economic controls has increased. His solution is to have more regulations and economic controls. People at the LSE need to start using economics again.
Correlation doesn't imply causation. The idea that our current woes and then downward trends since the seventies have much to do with an excess of regulation and economic control is frankly laughable. Go away and learn about neo liberalism.
@@phillheth correlation alone is not sufficient to imply causation. But there are many papers showing that in instances where regulations decrease, price decreases. Maybe you should learn economics before you start talking about neoliberalism.
I see.
Just to clarify then.
It seems, By extension your contention must be. The governments of Thatcher and Reagan didn't slash enough regulation, and that's why we saw increases in inequality, decline in living standards etc . Happy to stand by that ?
And you also seem to be under the impression that if prices go down... Inequality and poverty also goes down🤔 please do enlighten us.
@@phillheth don't take my word for it, see for yourself....
Regulation and income inequality in the United States
Dustin Chambers, Colin O'Reilly
European Journal of Political Economy 72, 102101, 2022
Barriers to prosperity: the harmful impact of entry regulations on income inequality
Dustin Chambers, Patrick A McLaughlin, Laura Stanley
Public Choice 180, 165-190, 2019
Regulation and income inequality: The regressive effects of entry regulations
Patrick A McLaughlin, Laura Stanley
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Listen to sir James goldsmith interview on Charlie rose 1994. The social chaos he predicted has come to pass