xenon13 wrote:
Sure, but this looks like blackmail, this looks like gangsterism.
A body of people each come to the conclusion that a particular party will hurt the welfare of their investments, therefore "blackmail" and "extortion"?? There isn't a single group called "the market", so it is hard to attribute notions of "blackmail" to this behavior.
Quote:
They're saying that "the markets" should choose a government and punish the disobedient... openly saying that.
No, the Daily Mail didn't say that. Here is what is said: "Harry Adams, from the foreign exchange firm Schneider, said: 'The fall confirms that the market is looking for a Conservative government - and anything else won't do. If it doesn't happen, the pound will tumble even further."
Harry Adams isn't the representative of "the market", but rather there is no representative. Harry Adams is just a guy who happens to have a position of sufficient authority at Schneider. Rather, Harry Adams is making a claim about investor desires and expectations.
Now, I don't know what more to say. This is news. This is just sort of like news of the sort saying something like "polls suggest that Canadian people do not trust the reliability of a Tory government", and thus according to Dr. Peter Tanner, if the Tories are elected in Britain, a major trade treaty will likely fall through. Are the Canadian people in this case extorting the British people? Umm.... no. If you were considering wearing an outfit, and a friend told you that from the female friends they've surveyed, none of them would date a person wearing that outfit, are women now trying to as a group force you not to wear that outfit? I think not.
As it stands, I wouldn't be too concerned about this.
NeantHumain is likely right:
NeantHumain wrote:
Financial people in the City of London tend to be among the strongest supporters of the Conservative Party, right?
This will mean that the people will distrust the prospects of a government that does not have policies that they think will be best for the country. It'd be like how you would be cynical towards a conservative government. When it comes down to issues though, it is unlikely that whatever the financial people will do will be that significant no matter who is elected. All these people are just looking for a buck, and unless the government does something they see as stupid, I don't see a reason to worry. Heck, despite their knowledge, sometimes these markets are wrong on what policies are best anyway, or at least seem questionable, as I hear that markets favored price controls on gas during the Nixon administration.
10 May 2010, 11:34 pm
