Analysis: Riots shake faith in UK austerity, stability

Discussion in 'Economy' started by Ravi, Aug 10, 2011.

  1. Ravi
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    Ravi Diamond Member

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    The riots that turned London and some other English cities upside down this week have undermined that model, raising questions about the sustainability of spending cuts and a widening gap between rich and poor.

    From many of the dealing rooms and offices in the skyscrapers of Canary Wharf, traders, wealth managers and analysts could see billowing smoke in several directions this week as rioters torched buildings and looted shops.

    Order was restored in the capital at least on Tuesday night with a massive show of force by police, but they too face the drastic spending cuts that will affect everything from the military to social benefits and inner-city services.

    Analysis: Riots shake faith in UK austerity, stability | Reuters



    Seems like the Republicans want to take us down this same path.
     
  2. Tank
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    Tank Gold Member

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    Third world people = Third world country
     
  3. Ravi
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    Ravi Diamond Member

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    Exactly, Tank. Republicans are third-worlders. They want us to be Somalia.
     
  4. whitehall
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    whitehall Gold Member

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    Wish for the good old days of Ayer's weatherscum ravi? The only time radical lefties are happy is when they are torching a corporation.
     
  5. Tank
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    Tank Gold Member

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    I don't think Samalians are Republicans
     
  6. ShackledNation
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    ShackledNation Libertarian

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    I guess these people are going to realize the hard way that debt is real and has to be paid back.
     
  7. WillowTree
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    WillowTree Diamond Member

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    so if the evil rich refuse to hand over their money to you, you're gonna act like a heathen and burn the joint down? is that what you are saying?
     
  8. CrusaderFrank
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    CrusaderFrank Diamond Member

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    This is what the Left is already doing in the USA. Look at the WI riot.

    The American Left is going to out with their version of the "Arab Spring"
     
  9. thereisnospoon
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    thereisnospoon Gold Member

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    Government cannot continue to take from the producers to fund the lifestyle of the non-producers. If you have a propensity to be in fear of those who suck at the taxpayer tit going into a riotous frenzy if we don't continue to feed them free stuff, it is YOU who are the problem.

    This is typical lazy reporting and editorializing of the news.
    The violence in the UK has ZERO to do with the UK economy or jobs.
    These acts of savagery are being perpetrated by thug criminals who were thug criminals to begin with.
    Anyone who sympathizes, makes excuses for, says they disagree "but"...is an asshole.
    Political correctness allows mob rule to exist by using political pressure to tie the hands of law and order.
    I will be the first on here to say that if anything like this ever happened near my home, I would not hesitate to use any means necessary, fair and unfair to vanquish my enemy.
    If the law will not protect me, my Constitutional right to life liberty and the pursuit of happiness kicks in at that precise moment.
     
  10. Againsheila
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    Againsheila Gold Member

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    You need a history lesson. Every time in history that the income gap gets so wide, there are wars, revolutions, etc.
     

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