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| pa_broon74 |
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 pa_broon74 World Chat Champion

Joined: 28 Mar 2006 Karma :     
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 Posted: 09:53 - 14 Oct 2008 Post subject: Democracy etc. |
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Given all the stuff thats been happening in the world of finance and the pretty brazen way bankers have behaved along with politicians, I have a question:
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What do you think would work better as a replacement for the current democratic system. Also, if you are able, (I'm not because I don't know enough about it) what do you think would be a suitable alternative to current financial systems.
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In terms of democracy, I think I'd favour a lottery system. A wee bit like how the jury service works. It seems to me, one of the biggest problems in the political system is that those currently running it, want to be in it. I don't think thats healthy, their motivation is seldom altruistic. Maybe wouldn't be entirely by lottery, perhaps a portion would be elected in the current way...
Or...
With technology being what it is, do we need MP's voting on every issue? Could we not have online referenda more often? That would give democracy more immediacy, instead of having to wait 4 or 5 years to kick them out.
No idea about the financial world, don't know enough to comment.
What do you folks think?
 ____________________ Didn't catch anything. |
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| Itchy |
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 Itchy Super Spammer

Joined: 07 Apr 2005 Karma :     
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 Posted: 10:12 - 14 Oct 2008 Post subject: |
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Oh gawd no , universal voting by the public? ,
In a country that is well educared like Swtizerland yes in the UK no, as said many people quite simply are thick and do not understand things...
Re-last week oil has come down to sub $100 a barrel how come it isn't cheaper (petrol) , completely forgetting that the exchange rate against the £ tanked.
Or things like the death penalty , people like Angela Canning (innocent) would have been executed...
And remember people are selfish too and thus will vote for a largess for themselves , and thus which ever faction is the largest in the country always gets its way the two largest factions currenly are
workers about 30 million
and OAPs about 12 million. ____________________ Spain 2008France 2007Big one 2009 We all die. The goal isn't to live forever, the goal is to create something that will. In the end, your life will flash before your eyes. Make sure it is worth watching. |
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| Itchy |
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 Itchy Super Spammer

Joined: 07 Apr 2005 Karma :     
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 Posted: 10:18 - 14 Oct 2008 Post subject: |
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Also the problem isn't bankers , its actually an effect caused by the public , the banks troubles are caused namely by liar loans.
People lie on their loans , borrowing more than they can afford , they get loaned money , they can't repay it back = bad debt
this is what affects the balance sheets and confidence...
The big problem was some banks stamped this cruddy debt you know like 200K loans made to people on the dole (it did happen) AAA as if it was excellent debt.
They could get away with this debt because house prices were rising as even if the person on the dole with 200K loan got repo'd they would still be able to sell for more than the loan outstanding.
Then house prices tanked and that getting away with stopped....
Banks suddenly held assets all ranked AAA and didn't know the wheat from the chaff , banks didn't know who held the bad debs and thus raised LIBOR and stopped lending to each other , this killed NR who depended on this.
My solution?
Non universal sufferage, ie
why should people who do not contribute have a say?
Only people who earn by giving something back can have a say.
This is the Heinlein democracy model in that anybody who is not a citizen has ALL the rights bar voting and participation in politics, and before anybody says if the book start ship troopers only said government service not military service , and thus anybody who wanted citizenship had to have the government find something for them to do to fulfil their service/ ____________________ Spain 2008France 2007Big one 2009 We all die. The goal isn't to live forever, the goal is to create something that will. In the end, your life will flash before your eyes. Make sure it is worth watching. |
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| D O G |
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 D O G World Chat Champion

Joined: 18 Dec 2006 Karma :     
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 Posted: 10:18 - 14 Oct 2008 Post subject: Re: Democracy etc. |
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| pa_broon74 wrote: | With technology being what it is, do we need MP's voting on every issue? Could we not have online referenda more often? |
My thought was that the use of the net could help such a system work. After all, the original (and only true) democracy was wheer everyone in the population debated and voted on every issue.
My thoughts are:
- Every person has a unique identity, and has the privelige to vote on any issue that is 'tabled' for voting. Voting would be conducted online.
- Every person (or group of people collaborating) has the privelige to propose and construct new legislation, to get it's message out, debate and gather support.
- Once the proposal has hit a certain level of support (say 100,000 'signed up' supporters), it get progressed to a vote within a certain time frame (3-6months).
- That gives opposing sides to debate the pros and cons, and gather more support until the vote is cast.
- There would then be a window to log on and cast your vote.
- You could have an automatic revote in 12 months time in case the whole piece had fell on its ass in practice.
This sort of system would probably result in specialised factions tabling different legislation for their specialist area - e.g. bikers would campaign for free use of bus lanes, and those who actually cared about it would vote, those who didn't would not. The majority of interested parties would win.
You could 'subscribe' to different categories of issues (like ebay categories ) which you had interest in. For example I probably wouldn't bother myself too much about legislation on the size of models in fashion shows, or fox hunting, or the pedestrianisation of the high street in Lincoln etc - since they do not affect me.
You could design an effective and useful system of everyone having a say in the matters which affect them, without the need for politicians to 'debate' these issues on our 'behalf'.
Couple of big problems:
- There are a lot of stupid people who do not understand, and would not bother to investigate properly the key details of specific legislation. They would make ill informed decisions which would adversely affect all of us.
- You still need a mechanism to implement and monitor the legislation, the civil service if you will. Problem is here that without a government there would be no one to report to, and monitoring may be difficult.
Solutions?
- You could restrict voting on particular matters to those who can prove that they will properly consider the issues. Like restricting economic decisions to qualified finance professionals. Problem with that is that the legislation could be changed by a popular vote!
- The civil servcie could almost be self regulating, people within it could propose amendments to its workings and have those voted on etc. Anyone could propose an external audit of any aspect of it if it were carried, so I guess you could regulate it that way.
Would be anarchy for a while, and then probably scuppered by the vast majority of fuckwits who exist in this world (although sometimes this forum restores some faith).
Most difficult problem is that those in power would never, ever give it up to the people.
That's it, that's all I got.  |
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| Kickstart |
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 Kickstart The Oracle

Joined: 04 Feb 2002 Karma :     
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 Posted: 10:22 - 14 Oct 2008 Post subject: |
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Hi
Trouble with any kind of referendum on all issues is that there are some things which need to happen but which nobody wants to happen. Biggest example would be taxes. Some tax is needed but virtually nobody wants to pay it.
Maybe one idea would be that national politicians are given larger pensions, but are barred from other sources of income once they have left office.
Beyond that I tend to feel that there is little there for them to do and so if anything it should be made far more difficult to enact legislation. Maybe replace the House of Lords with another elected house, maybe with a part of it elected every 2 years and with the power to reject legislation (not just reject it once or twice before they can be bypassed). While I am no great fan of the idea of hereditory peers, I think that peers (whose job is to keep the politicians in check) selected by politcians is a far worse idea.
Failing that keep the current system but bar anyone from seeking election who is or has ever been a member of a political party.
All the best
Keith ____________________ Traxpics, track day and racing photographs - Bimota Forum - Bike performance / thrust graphs for choosing gearing |
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| Itchy |
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 Itchy Super Spammer

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 D O G World Chat Champion

Joined: 18 Dec 2006 Karma :     
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 Posted: 10:28 - 14 Oct 2008 Post subject: Re: Democracy etc. |
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| Kickstart |
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 Kickstart The Oracle

Joined: 04 Feb 2002 Karma :     
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| Itchy |
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 Itchy Super Spammer

Joined: 07 Apr 2005 Karma :     
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 Posted: 10:34 - 14 Oct 2008 Post subject: |
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Yeah but soldiers of athens were encouraged to shag each other to 'bond' the soldiers together so they would fight more effectively as a unit. ____________________ Spain 2008France 2007Big one 2009 We all die. The goal isn't to live forever, the goal is to create something that will. In the end, your life will flash before your eyes. Make sure it is worth watching. |
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| Hetzer |
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 Hetzer Super Spammer

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| Itchy |
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 Itchy Super Spammer

Joined: 07 Apr 2005 Karma :     
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 Posted: 10:41 - 14 Oct 2008 Post subject: |
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| Kickstart wrote: | Want to make the banks lend responsibly? Then rule that any bank making a loan that their customer cannot reasonably be expected to pay forfiets that loan. Now is not the time to bring something like this in (or maybe only for new loans), but it would have largely stopped things getting to this situation. Believe there are similar rules in some countries.
All the best
Keith |
I do want to apportion blame in my old company secretaries earning less than 10K had 230K mortgages , and would frequently sell to cover the credit card bills , they would utterly take the mick by buying 2 or 3 Xboxes one for each room , a new car every 6 months etc. Almost EVERYBODY in the company was like that , they are all however on the verge of bankruptcy.
There are what you are describing is jingling which is legal in the US , where a home owner can pretty much walk into the bank and toss his keys back to the bank.
The UK is different ,you can do this but they will come after you for the difference between the loan and what the price the house sold for lest you go bankrupt.
I reckon that this should be combined with much much longer spells of bankruptcy , its currently what 3 years? (some places its 1 year) ie 5-10 years so that the individual who over extended themselves (ie it was their fault , though not always) is 'punished' for the next 5-10 years.
Rather than currently where fecklessness is being encouraged, the bank bail outs aren't really bailing out the banks they are really bailing out the liar loans at the cost of everybody else.
I mean did you see recently? the unemployed mortgage benefit is being raised from 100K to 175K, the rules are also being changed thus that a person can buy a 175K house on int only and have the government pay for it = rent free.
Where is the moral hazard of our current circumstances none thats what..... the only moral hazard left is if the government goes bankrupt since people are leaving in droves and will do once the tax hikes to pay for these bail outs arrive.
Maybe we should have debtors prisons or workhouses , in SEA I know of some people who were forced to become prostitutes due to massive debts they accumulated on their credit cards, now THATs moral hazard. ____________________ Spain 2008France 2007Big one 2009 We all die. The goal isn't to live forever, the goal is to create something that will. In the end, your life will flash before your eyes. Make sure it is worth watching. |
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 Kickstart The Oracle

Joined: 04 Feb 2002 Karma :     
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 Kickstart The Oracle

Joined: 04 Feb 2002 Karma :     
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 Posted: 10:53 - 14 Oct 2008 Post subject: |
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| Itchy wrote: | I do want to apportion blame in my old company secretaries earning less than 10K had 230K mortgages , and would frequently sell to cover the credit card bills , they would utterly take the mick by buying 2 or 3 Xboxes one for each room , a new car every 6 months etc. Almost EVERYBODY in the company was like that , they are all however on the verge of bankruptcy. |
And while it is partly there fault, it is also massively their loan companies fault for loaning them money that they know they have no chance of repaying.
After all, if you loaned the local crack addict £100 for a hit and then he refused to pay you back would that be your fault or his?
| Itchy wrote: | There are what you are describing is jingling which is legal in the US , where a home owner can pretty much walk into the bank and toss his keys back to the bank. |
Nope, I mean they forfeit the loan. Ie, the home owner keeps the property and the bank gets nothing (or maybe the debt reduced to the amount that they could be expected to afford). But only in cases where the bank have clearly loaned more than their customer could be expected to pay back (ie, not where the customer has had things go badly wrong due to unforeseen circumstances).
| Itchy wrote: | I reckon that this should be combined with much much longer spells of bankruptcy , its currently what 3 years? (some places its 1 year) ie 5-10 years so that the individual who over extended themselves (ie it was their fault , though not always) is 'punished' for the next 5-10 years. |
Tend to agree. Although these days most will just go through an IVA and get away even easier.
| Itchy wrote: | Where is the moral hazard of our current circumstances none thats what..... the only moral hazard left is if the government goes bankrupt since people are leaving in droves and will do once the tax hikes to pay for these bail outs arrive. |
Quite, but the same has applied to the bank half of the whole scam. Loan someone £100k to buy a house, wait 2 years until their payments are behind and reposses and sell on for £125k (below market price for a quick sale), and add a load of charges to make up the difference.
All the best
Keith ____________________ Traxpics, track day and racing photographs - Bimota Forum - Bike performance / thrust graphs for choosing gearing |
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| pa_broon74 |
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 pa_broon74 World Chat Champion

Joined: 28 Mar 2006 Karma :     
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 Posted: 11:30 - 14 Oct 2008 Post subject: |
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Talking about legislation, how many new crappy laws have been put on the statute book? For the most part they've just tinkered round the edge of existing things so we don't really notice; thats pretty bad.
But take something like ID cards (don't want to focus in on technicalities but...) The government (with this and so many other issues) confuse those that are to stupid to care/don't care/or are just generally misinformed as supporting any new law.
Ok, we have a few hundred thousand signing a petition on the number 10 website saying no to the ID card scheme, but they turn round and; 'yes, but what's a couple of hundred thousand out of 30 or 40 odd million voters, so no, you're not a majority neh neh neh etc etc etc...'
Say we went down the internet voting route.
A) Not everything should be voted on in this way (tax for example) but how do you pick and choose? (I do think ID cards should be voted on in this way.)
B) Would there be any mileage in having this sort of referenda and forcing the government of the day to heed the results? For example, the petition function on the #10 website. Maybe if enough people signed it, it would triger a proper referendum on the issue.
On the topic of parliament, I'd favour replacing the upper house with a lottery based system, but not everyone would change at the same time meaning there'd always be experienced folk kicking around to help out newly 'elected' people. I reckon they could sit for maybe 2 years, sort of like national service.
If they like it, they can try and get elected to the lower house as an MP after their two years is up.
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| Robby |
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 Robby Dirty Old Man

Joined: 16 May 2002 Karma :   
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 Posted: 12:15 - 14 Oct 2008 Post subject: |
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I rather like the idea of Damofo_DOG's idea.
We do have the issue of having a lot of stupid people, but they still have a vote, and are still allowed to express their desires democratically. Just because we think it's a poor idea, or don't like their idea, doesn't matter. That's what makes it a democracy.
If you exclude stupid people you're just making another society where the elite make the decisions, and how do you define the elite...
There would be poor decisions made, there would a certain amount of anarchy, and likely a degradation in public services, economy, life expectancy etc for a fair while.
However, it would be ours. We would have the ability to change it.
Interestingly, some government policymakers investigated modelling opinion on policy decisions using second life. The results were quite positive, with around 80% of the respondents reacting similarly to real life. Around 10% just wanted to cause anarachy and mess stuff up, and around 10% were far more empathic than in real life.
So based on that idea, doing it only shouldn't propose a massive problem, the majority of voters would still take it seriously even though it's just online - rather like a fairly small percentage of ebay buyers become non payers using the excuse "its only ebay, not real life". |
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 D O G World Chat Champion

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| Itchy |
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 Itchy Super Spammer

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| pa_broon74 |
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 pa_broon74 World Chat Champion

Joined: 28 Mar 2006 Karma :     
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 Posted: 15:21 - 14 Oct 2008 Post subject: |
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I think the thing is there is no perfect system, humans just mess it up through hubris, pride, greed or whatever other negative human trait.
At best, all we can hope for is the lesser of two evils.
Maybe we should put dolphins in charge, or blue whales... ("What does the honourable ummm whale propose to do about rising inflation." "I have no idea, can I have some more krill please?" [said in whale song though])
I don't think it would work with everyone being able to vote on everything, to many fuckwits kicking about. More oversight with the current system? Maybe a committee of people picked by lottery from a pool of prechecked/qualified people to do the oversight?
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| Robby |
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 Robby Dirty Old Man

Joined: 16 May 2002 Karma :   
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Old Thread Alert!
The last post was made 17 years, 139 days ago. Instead of replying here, would creating a new thread be more useful? |
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