This video comes out on the day when Cineworld is shutting its doors, at least for the time being.
The impact of thus will be devastating for the 5,500 people who work there. But there's a bigger economic message. That is that when destination venues, like cinemas, theatres, sports grounds and concert venues and tithe like shut their doors there are multiplier effects. Which is precisely why they need support to survive the storm still coming their way.
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Pre Covid I used that Ely Leisure Park a lot, Cineworld, Arbuckles and Starbucks to name but a few. You’re right, it’s a hub and Cineworld closing will accelerate the downward vicious spiral. Which is why be need, as you say, QE now. But my take is that it should be a ‘peoples QE’, ie a Universal Basic Income. The good thing is that the UBI Lab movement is growing exponentially and many devolved governments and local councils are voting for trials – even the LibDems have just voted it as official policy. Bizarrely the Tories don’t get it and consider it some sort of anti capitalist movement, whereas its actually peoples capitalism, were the benefits are for all and not just the few. We have a UBI Lab over the border in Norfolk but not sure about Cambridgeshire. Richard, I’ve been promoting your book and YouTube Channel to the UBI Lab movement as it’s vital we have the answers to the regular ill informed questions of “how do we pay for it?” and “people will just stop working won’t they?” and “It’ll cause massive inflation won’t it?” As well as the misunderstanding of the difference between Micro and Macro economics. Peoples QE now!
Julian
Downham Market
Thanks
We are nowhere near being able to do a UBI
Job guarantees are deliverable now
Best
Richard
Richard,
Following your comment about being nowhere near able to do a UBI,
could you please elaborate on what would be needed to make UBI deliverable.
Thanks,
Ros Wain
This is my logic
http://classonline.org.uk/docs/2013_Policy_Paper_-_Richard_Murphy__Howard_Reed_(Social_State_-_Idleness.pdf
This is for a full UBI
If you are talking something somewhat less then the matter changes