Poverty In The UK Doubles Over the Past 30 Years, Despite Robust “Economic Growth”

Tyler Durden's picture




 

Submitted by Mike Krieger of Liberty Blitzkrieg blog,

One of my favorite lines about the current oligarch theft continuing to occur throughout the world is courtesy of the “Artist Taxi Driver,” who likes to state:

“This is not a recession its a robbery.”

Truer words were never said, but this theft goes back a lot further than the latest economic catastrophe. As we all know by now, real median wages haven’t increased in the U.S. for the past 45 years, while at the same time, so-called economic growth according to traditional metrics has exploded higher. As yesterday’s article from the Guardian below demonstrates, this is not just an American problem. It is pervasive throughout the Western world.

So what happened? I think it’s best to put things in terms of Middle Age feudalism, since the majority of the Western world has indeed entered a modern type neo-serfdom. Essentially, think about this in terms of a king in 1085 who just doubled the land under his control. At the same time, his serfs are likely still tilling the same plots, and in order to consolidate his holdings, the king might demand increased tribute from his peasants. So the economy of the kingdom has doubled, but the serf is worse off than before. This is more or less what has happened to the West over the past several decades.

So what has allowed this tragedy to happen in modern times. My answer is clear: Financialization. It’s no coincidence that median real wages stopped increasing at the exact same time as Richard Nixon defaulted on the gold standard in 1971. This is not to say I think the “gold standard” is the answer. I don’t. Yet, it is important to understand that rampant fiat money manipulation by the Fed and its owners on Wall Street is at the very core of everything that has gone wrong.

Now, from the Guardian:

The number of British households falling below minimum living standards has more than doubled in the past 30 years, despite the size of the economy increasing twofold, a study on poverty and deprivation in the UK claims .

 

According to the study, 33% of households endure below-par living standards – defined as going without three or more “basic necessities of life”, such as being able to adequately feed and clothe themselves and their children, and to heat and insure their homes. In the early 1980s, the comparable figure was 14%.

 

The research, billed as the most detailed study ever of poverty in the UK, claims that almost 18 million Britons live in inadequate housing conditions and that 12 million are too poor to take part in all the basic social activities – such as entertaining friends or attending all the family occasions they would wish to. It suggests that one in three people cannot afford to heat their homes properly, while 4 million adults and children are not able to eat healthily.

 

Their findings will be seized on by opponents of the coalition, who argue that good news about the economy does not mean living standards are improving for most people. This will be a key Labour message in the run-up to next year’s election.

 

Oh right, the Labour Party. The folks who brought you war criminal, banker puppet and man-child Tony Blair. Why no mention of the UKIP I wonder…

 

Other figures being published include the claims that 5.5 million adults go without essential clothing; that 2.5 million children live in damp homes; that 1.5 million children live in households that cannot afford to heat them; that one in four adults have incomes below what they themselves consider is needed to avoid poverty, and that more than one in five adults have to borrow to pay for day-to-day needs.

 

Led by the University of Bristol and funded by the Economic and Social Research Council, the PSE project’s research will be presented to the conference and published in full this week. Gordon said he had been shocked by some of the findings. “In the early 1980s we assumed life was going to get better. For many it has, for many it hasn’t.”

Serfs up!

Full article here.

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Sun, 06/22/2014 - 10:31 | 4882594 Flakmeister
Flakmeister's picture

R > G, bitchez....

Sun, 06/22/2014 - 10:48 | 4882632 InjectTheVenom
InjectTheVenom's picture

FORWARD !

Sun, 06/22/2014 - 11:16 | 4882693 SoberOne
SoberOne's picture

What happened? A default by the U S on gold backed money.

Sun, 06/22/2014 - 12:22 | 4882856 COSMOS
COSMOS's picture

Robust economic growth for the bankers and the oligarchs squirreled away in London, that is about it.  Meanwhile the rest of England slides further into being the island hell hole that the Romans bailed out of a long time ago.

Sun, 06/22/2014 - 17:16 | 4883637 James_Cole
James_Cole's picture

What, the neo liberal policies championed by thatcher and her cronies have been a massive failure for everyone but the executive class? Pff, bunch of propaganda. I blame the Mexicans. 

Sun, 06/22/2014 - 19:50 | 4884052 sylviasays
sylviasays's picture

What, the massive money printing advocated by John Maynard Keynes and championed by Tony Blair's Labour Party and their cronies have made the executive class only richer and have destroyed the middle class? Pff, bunch of propaganda. What the UK needs is more money printing! And more illegals. Especially more Mexicans! 

Mon, 06/23/2014 - 06:40 | 4884875 brucyy
brucyy's picture

How come your kind never learn ? did you even notice your assumed new Labor heroes Blair and Brown were in charge for 13 years ? 13 freaking YEARS ? 

and you still blame Tatcher for every shit that went wrong in this country ? Are you retarded ? tatcher was a bitch , but at least she could fuck, unlike you and the clowns we've had afterwards 

Sun, 06/22/2014 - 15:55 | 4883463 Freddie
Freddie's picture

Open borders by the NWO leftists just like the USSA.  This is how you kill countries.  Flood the UK, western Europe, USA, Can, NZ and Australia with the third world. 

The NZ PM Is a tribe member.

Sun, 06/22/2014 - 18:59 | 4883934 ScottyB
ScottyB's picture

In 50 years whites will be a minority in Great Britain, aided and abetted by the welfare state.

Sun, 06/22/2014 - 19:46 | 4884054 sylviasays
sylviasays's picture

50 years? More like 5 to 15 years. 

Sun, 06/22/2014 - 20:26 | 4884123 Monty Burns
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Already in some of the major cities (among them London, Birmingham, Leicester) native British (and no, I do not include a Somali with a British passport as native British) are in a minority. Within a generation several more cities will have gone the same way. These cities display all of the characteristics you associate with the countries of origin of the 'new British'.

Quite literally this represents the most traitorous betrayal in the country's total history.

Mon, 06/23/2014 - 00:41 | 4884654 COSMOS
COSMOS's picture

Too late Brittania you managed to self implode in the span of fifty years.  From a superpower to a shit stain on the back side of Europe, sucks to be you.

Sun, 06/22/2014 - 10:32 | 4882596 Flakmeister
Flakmeister's picture

The only problem with Thatcherism is that eventually you run out of North Sea oil...

Flakmeister 2009

Sun, 06/22/2014 - 10:48 | 4882634 Cat Sniper
Cat Sniper's picture

Yep, we should re-ballance the economy with wind, waffle and unicorn farts eh? eco clown.

Mon, 06/23/2014 - 09:18 | 4882672 Flakmeister
Flakmeister's picture

Why don't you tell us what your great plan is as we could all use a good laugh...

So please, by all means, indulge us...

Edit; A hour later, and all I hear are crickets... So yet another blowhard shows his true colors, i.e. all hat no cattle...

Edit2: It would seem that you have 26 friends that share your affliction...

Sun, 06/22/2014 - 10:52 | 4882640 logicalman
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The problem with Thatcherism was Margaret.

May she rot in hell - the hottest corner.

Sun, 06/22/2014 - 11:10 | 4882685 Too Big 2
Too Big 2's picture

"

The problem with Thatcherism was Margaret.

May she rot in hell - the hottest corner."

logicalman: YOU ARE A TROLL WHO DOESN'T BELONG ON THIS SITE.  THERE ARE MANY LIBTARD AND POLITICAL SITES THAT WOULD RELISH YOUR POSTS.  

LARGER GOVERNMENT AND HIGHER TAXES IS NOT THE ANSWER

 

Sun, 06/22/2014 - 12:15 | 4882836 Flakmeister
Flakmeister's picture

Strawman...

We only want effective regulation where it is required and a fair tax policy where those the top pay their real fair share...

PS Libtard is reserved for the libertarian flavor...

Sun, 06/22/2014 - 12:20 | 4882850 swmnguy
swmnguy's picture

So those are our choices, either hand everything over the Finance Industry or impose "LARGER GOVERNMENT AND HIGHER TAXES?"

That's the kind of ridiculous false dichotomy that has ruined political awareness, much less discussion, never mind positive change, in America.  When I was younger any time anyone objected to just turning everything over to crony capitalists, the response was, "Why don't you go back to Russia, ya Commie?"  Because of course, there's nothing between miltarized crony capitalism and flat-out Communism.

False dichotomies are always set up by people manipulating perception and opinion for their own purposes.  When you fall for the swindle and play along, you become the problem, not the solution. 

Sun, 06/22/2014 - 13:03 | 4882967 logicalman
logicalman's picture

You obviously form opinions without any thought.

As an anarchist, I am a believer in the smallest of all governments.

Extrapolation requires a few more data point.

I saw what she did to PEOPLE for her own political dogma.

As I said - hottest corner.

Oh yes, I almost forgot.

Fuck off you brain dead arsehole.

Sun, 06/22/2014 - 14:35 | 4883226 Anusocracy
Anusocracy's picture

Like fish in their sea, most people can't comprehend existence out of the government sea.

Sun, 06/22/2014 - 16:03 | 4883481 Flakmeister
Flakmeister's picture

Maybe we could all chip in and send them to Somalia for a visit...

Sun, 06/22/2014 - 22:30 | 4884392 Anusocracy
Anusocracy's picture

Sure, then they can see the western powers killing locals so they can make into a client state.

You're such a clueless fool.

Sun, 06/22/2014 - 23:03 | 4884489 Flakmeister
Flakmeister's picture

And you are such an idealistic moron....

And I only have 5000 years of history on my side...

Sun, 06/22/2014 - 16:00 | 4883472 Freddie
Freddie's picture

Thatcher opposed open-borders while the Labour Party under Bliar, Browne and tribe member Dave Labour lit have turned England into a third world hell hole.

Sun, 06/22/2014 - 12:26 | 4882868 Rootin' for Putin
Rootin' for Putin's picture

The problem with Thatcherism was she didnt have a baby with Putin!

Now, there would be a leader!

Sun, 06/22/2014 - 13:39 | 4883090 COSMOS
COSMOS's picture

With all the hot Russian babes that can handle an AK47 why would Putin want to hook up with an Old Ugly Bag like Thatcher who served the British status quo and cared nothing about the working stiff in the UK.  She was just another a--hole who thought austerity should only happen at the lower rungs of a society.  The only thing that trickled down with that POS was the dribble of urine, from her urinary incontinence, down her hairy legs.

Sun, 06/22/2014 - 15:42 | 4883433 SameAsItEverWas
SameAsItEverWas's picture

AK74

Sun, 06/22/2014 - 10:36 | 4882600 I am Jobe
I am Jobe's picture

Time for the white Bitchess to sell themselves to the Chinese, ISIS and Saudi's. 

Amerika's turn is coming , waiting for street hookers who will be married but think the only way to survive is standing on front of 7-11. Ah the Dreams

Sun, 06/22/2014 - 12:05 | 4882810 Buck Johnson
Buck Johnson's picture

I'm not happy about your scenario, but your scenario will happen.  You see we in the US have been living in a reality of our making, one that says that we can do no wrong we are wealthy and if not it's because of THOSE people.  In reality we are a third world country with a 1st world facade thats it. More and more of the third world is reaching through the facade and we are seeing that we are a country that is losing.  Just like how American males go to Thailand and other countries to have sex vacations with women and underage women and boys it will be the same thing in America.  Because women and men will be desperate that they will see their only asset will be their bodies.  It happens in all counties hell even Britian has a crap load of hooker and escorts and sex vacations because women need to make money and they can't make money at the jobs they have and/orget one so they go to selling their bodies, and this is Britian.

Sun, 06/22/2014 - 16:03 | 4883482 MASTER OF UNIVERSE
MASTER OF UNIVERSE's picture

Britian should start out from the top down for their new hooker search. Queen Elizabeth 'Whore of Babylon' could work the

glory hole UK porn industry until she dies and then Kate could take over for renewed interest and a few more 'pounds' sterling, eh.

Yeah, that's the ticket.

OCCUPY THE MONARCHY - OCCUPY EVERYTHING

p.s. 'are there no prisons'? 'are there no workhouses'?

C. Dickens

Sun, 06/22/2014 - 20:32 | 4884134 Monty Burns
Monty Burns's picture

The USSA will in every sense shortly be actual Third World if the millions of Latino immigrants keep flooding across the border.

 

 

Mon, 06/23/2014 - 01:56 | 4884738 o2sd
o2sd's picture

That's what the Cherokee said a couple of hundred years ago, and by God they were right!

 

Sun, 06/22/2014 - 10:43 | 4882602 BlueStreet
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"The cost to taxpayers of refurbishing the Duke and Duchess of Cambridge’s Kensington  Palace apartment has quadrupled – to £4million."

http://www.dailymail.co.uk/news/article-2664060/Your-bill-refurbish-Kate...

Sun, 06/22/2014 - 10:50 | 4882637 Atomizer
Atomizer's picture

Sorry to say, that's peanuts. Goggle Obama's vacation expenses. 

Sun, 06/22/2014 - 10:53 | 4882644 logicalman
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Give him a break, it must be tough spending your whole life with someone's hand up your backside.

Sun, 06/22/2014 - 11:23 | 4882690 Atomizer
Atomizer's picture

You should spend more time helping others see the big picture, rather than being bitter over your own failures. Just advice. Even I have made shit loads of mistakes. I never dwell on it 

Sun, 06/22/2014 - 12:42 | 4882911 DoChenRollingBearing
DoChenRollingBearing's picture

 

 

Yo, + 1 to Atomizer.  

Who among us has not made mistakes?  I make them every day.  I just hope to note them, rectify them when I can, and try to do better the next time.

 

EDIT:

Our Dear Leader does sometimes say "Mistakes were made."  But, when does he say that HE MADE THEM?

Sun, 06/22/2014 - 13:42 | 4883106 COSMOS
COSMOS's picture

I would much rather spend that money on Kates bikini waxes so her bum looks nice and smooth when the wind ruffles up her dress.  At least I can see that on the news once in a while.  The inside of that mansion I will never see, so its wasted tax money for me.

Sun, 06/22/2014 - 20:34 | 4884136 Monty Burns
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Not just hand.  Ask Reggie.

Sun, 06/22/2014 - 10:38 | 4882607 Kantbelieveit
Kantbelieveit's picture

But Paris Hilton is a job creator!

Sun, 06/22/2014 - 12:27 | 4882873 Rootin' for Putin
Rootin' for Putin's picture

Blow job creater, i assume is what you meant

Sun, 06/22/2014 - 10:44 | 4882619 q99x2
q99x2's picture

The English people were scum when the world used to be comprised of nations. Now they are scumbuckets.

If you ever hear one of them on the radio or TV or Internet, see if you can deduce the scam and what methods they are using to get the money from your pocket into theirs. Down with the Queen. The one with the cloven hooves.

Sun, 06/22/2014 - 10:54 | 4882648 logicalman
logicalman's picture

The English people are no more scum than any people.

If you are looking for scum, look at the top.

The scum always floats on top of the good stuff.

Sun, 06/22/2014 - 13:42 | 4883111 Atomizer
Atomizer's picture

You redeemed yourself. My apologies. Carry the torch. 

Sun, 06/22/2014 - 18:27 | 4883839 logicalman
logicalman's picture

I appreciate honesty above all else.

 

Sun, 06/22/2014 - 20:35 | 4884140 Monty Burns
Monty Burns's picture

In general the English are a fine and honorable people.  And this from an Irishman!

Mon, 06/23/2014 - 00:44 | 4884660 COSMOS
COSMOS's picture

Not a Northern Irishman I take it.

Sun, 06/22/2014 - 11:22 | 4882703 Inthemix96
Inthemix96's picture

Is that sarc q99x2?

The English are some of the best, and most hospitable folk left on this dog for saken planet.

Look at the cunts ruining us, not at the poor fucking saps, just like you son who cant do fuck all about it.

Now wash your mouth out with carbolic soap.

;-)

Sun, 06/22/2014 - 10:45 | 4882627 Atomizer
Atomizer's picture

The 2% yearly growth faction will collapse on their heads. The expendentual growth can only occur when the peasants contribute to the economy, minus government subsidizes handouts. 

The IQ of this administration is mind-boggling. 

Do NOT follow this link or you will be banned from the site!