O/F'ing/T Carillion

[gm_gm]

They can't be bailed out by the taxpayer , the same as Virgin rail shouldn't be because that's Socialism .

Now according to the Tory government this is something they oppose strongly because it's bad for you the consumer .

Capitalism exists so that the wheat is removed from the chaff , poor businesses are eradicated and the good one's provide great products or services that are profitable , the market is the judge and jury .

No Virgin Rail and Carillion are poor companies who are hemorrhaging money and bad for you the consumer so their problems are not the tax payers problems in a capitalist state .

I have yet to hear Richard Branson offer free rail tickets to the taxpayer during profitable times and neither have Carillion offered to build affordable housing FOC .

So don't dump your failed capitalist model on me and millions of UK taxpayers , sort your own mess out .

Wrong.

It’s a policy decision as opposed to a political ideology, interventionism or non interventionism is an economic ideological construct, points scoring by politicians with buzzwords and sound bites only appeal to the uneducated.

[ragingpup]

Wrong.

It’s a policy decision as opposed to a political ideology, interventionism or non interventionism is an economic ideological construct, points scoring by politicians with buzzwords and sound bites only appeal to the uneducated.

Isn't unregulated capitalism, survival of the fittest via market forces, a political ideology? How is it not?

[gm_gm]

Isn't unregulated capitalism, survival of the fittest via market forces, a political ideology? How is it not?

There’s also non such thing as “unregulated capitalism” is a silly slogan invented to impress the uneducated....see above

[animallittle3]

There’s also non such thing as “unregulated capitalism” is a silly slogan invented to impress the uneducated....see above

Really !!!!

Corporate greed and the tories go together like a horse and carriage .

Don't even think about nationalising your losses , your mess , clean it up .


http://www.thisismoney.co.uk/money/m...es-crisis.html

[gm_gm]

Really !!!!

Corporate greed and the tories go together like a horse and carriage .

Don't even think about nationalising your losses , your mess , clean it up .


http://www.thisismoney.co.uk/money/m...es-crisis.html

The definition of capitalism is fre trade without barriers or regulation, if you regulate trade heavily you have socialism not capitalism. If you create artificial regulation to gain market share you have an ogliopoly which is what is being created by the EU for the benefit of large conglomerates.

[sawmiller]

God forbid you could have another less polarised version of appropriate regulation - not that we would recognise or consider anything these days unless its extreme ie all or nothing

[ragingpup]

There’s also non such thing as “unregulated capitalism” is a silly slogan invented to impress the uneducated....see above

Nonsense. You can of course have regulated capitalism, where controls are put in place by the state to control its operation. Monopolies commission?

Unregulated capitalism is purely pulling the state out of it and allowing market forces to dictates which business prospers.

Either way is a political ideology. Isn't it?

[Galant]

Really !!!!

Corporate greed and the tories go together like a horse and carriage .

Don't even think about nationalising your losses , your mess , clean it up .


http://www.thisismoney.co.uk/money/m...es-crisis.html

The Tories have refused to bail Carillion out - quite right too. It's a business.
They have, however, moved to ensure that the smaller companies are protected to some extent. The banks are the ones who will suffer most - they will lose the money they lent to Carillion - unwisely. The shareholders of Carillion will lose out - they speculated they got it wrong - they decided to risk their money. The shareholders in banks will suffer but they also should check who the banks that they partly own are lending money to.
Unfortunately Carillion employees will also suffer but the Government are doing what they can to safeguard those working oversees.
All in all - a measured response from the Government - helping those that they can who through no fault of their own are exposed and leaving the money people to fend for themselves.
poorly run and inefficient companies need to go to the wall - many other better run companies will now step forward and get extra work filling the void left by Carillion - in fact many of the Carillion employees will carry on doing the same job but with the new company that steps in.
Maybe, just maybe, the banks will start to learn that the smart people who work for them just aren't that smart at all - they just make deals that give themselves the largest bonuses.
Interesting that we always get a different viewpoint when it's the mining or steel industry that is threatened (I know mining is all but gone) - the Government should always bail them out - I have never understood why.

[gm_gm]

Nonsense. You can of course have regulated capitalism, where controls are put in place by the state to control its operation. Monopolies commission?

Unregulated capitalism is purely pulling the state out of it and allowing market forces to dictates which business prospers.

Either way is a political ideology. Isn't it?

monopolies commission only regulate market share and affect on consumer choice they dont regulate market activities, thats completely different.

Theres also no such thing as "unregulated capitalism"

[millertop]

Some smaller companies could go bust, workers worried they’ll be out of work, delays in ongoing works.

Let’s hope someone can come in to sort the mess out