Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
CAPITALISM could achieve what you say for about 1/3 or 1/4 of what SOCIALISM and the LEFT will do it for. The problem is FG didn't do it when the people wanted them to. It's only day 2 post results, and some are estimating the Exchequer is down 10Billion in unrealised losses by people voting LEFT (which is a lot in 2 days)!
One of the problems with the suggestion is that it has been an awful election for FF. FF needed 50 plus seats to be considered an ok election for them. In summary, FF and FG have been resoundingly rejected and do not have a political mandate despite having the numbers.
The LEFT have politically destroyed some peoples TRUST in FG and FF (and those two parties have to accept that). SF and the LEFT have won and I accept that. The majority of IRISH people have spoken by voting Left and for SF in large numbers. Mary Lou should now listen to the LEFT and to her own, and form a Left coalition that she says she so much believes in, that will elect her. The reality is she as a privately educated, South County Dublin girl, is well versed in the damage that the LEFT will do to asset values.
If the SF and the LEFT do not form their Government, even though they have the numbers, it is an acknowledgement that they know a LEFT Government would be a very bad thing for Ireland.
Socialism is expensive and hugely inefficient in the distribution of wealth compared to Capitalism. Most people have no issue with peaceful Irish Republicanism, but I detest the market inefficiency of Socialism and Leftism. It is the most expensive way to achieve objectives.
Believe me when I tell you, there are a lot of people in SF and LEFT in Ireland, that want to destroy CAPITALISM and many for ideological reasons. I hear people say they won't destroy the middle classes or self employed as that would be self defeating, and I ask them, did the middle class/self employed vote Left? No they vote Centre and Centre right - You are exactly who they are coming after ...
Throughout the history of this great country, there is a REASON why people vote CENTRE and SLIGHTLY RIGHT OF CENTRE, despite the challenges of an imperfect system.
The Exchequers billions, lost in the destruction in value of banks share prices might have been really useful to build houses for the Homeless.
But yeah, lets try and overlay Socialism onto an Open, Capitalist and Global economy. Destroying intrinsic asset value is the most expensive way to provide for others.
SOCIALISM AT WORK
FG have stepped back and FF are finished if they go in with SF. The two most likely outcomes of a FF/SF Government is;
1. Coalition goes well - FF loses core republican group to SF
2. Coalition goes poorly - FF is dumped for good by it long suffering core.
Michael Martin is the major loser from this election. It is over for him. He has no way forward and no way back. He tried, he failed. So Game Theory suggests we are looking at a Coalition of the Left, or for the conspiracy theorists, something big happens deep state (EU/US/UK) to derail it.
Great post on the reality for hard working, qualified Irish young people, who played by the rules but will now be asked to pay more taxes. Dublin is a city in trouble, even Dubs are quietly discussing how it is sliding badly and quality of live is actually falling. The Irish Globalist Lab that is Dublin is starting to go wrong....
SF are about power and control in order to deliver a UI. Thats it. That is the objective full stop.
How do they deliver that? By getting more Irish people who don't trust them, to believe they are about other issues. So check and see what progress they have made up North on these 3 issues. The answer is absolutely shocking.
They have secured the support now, so the next and only priority will be a UI poll, they will secure that as part of any Government negotiations and they will want it soon. After that, they will focus on resolving the issues with the same consequences as they have done up north. Its not about Health, Homeless, Housing as most of you know, its about a UI Poll. Thats it, they have secured support so thats the main priority by a distance for them.
You are spot re FG as well being not near as bad but you know, people wanted "CHANGE" and that's what will happen now. Sorry to hear more young Irish people again are considering emigrating too.
Ireland voted to reduce the cost of a home, so that more people can borrow money to buy one. Looks like the Markets hears you, and looks like it is is strongly acknowledging that shift in Irish politics today.
It doesn't take much to realise house values literally fell overnight.
It's a shame for anyone who owns their home, especially if they bought in the last few years, or between 2001 - 2009. It's also a shame for taxpayers, and those that own the bank shares, which ironically is primarily the taxpayer getting hit again for AIB, PermTSB and BIRG to a lesser extent.
SOCIALISM AT WORK
Yes, the SOCIAL and GLOBAL policies are biting big time there and elsewhere, especially for women/children for various reasons. The principle of opening your door to those in need is good and Christian but they opened their windows too and are now well into an area of unintended consequences.
Beautiful countries but if you take the luxury of huge natural resources out of the equation for them, I am not sure what we could or should replicate.
Irish people want to own their own home. Most Europeans don't have the same obsession.
My origin is working class so trust me I am not looking down on anyone who believes in Socialism. I just hated it for what it does to people and society. I honestly believe SF and their voters believe they are going to make Ireland a better place for social dependency.
I hear a bit from people here about the merits of the Nordic model, the only people who tell me it's not utopia are those that live there. I was hiking across in North Spain last summer and met a Norweigan lady (who previously lived in Ireland), Swede and a Danish couple.
They point to the luxury of natural assets (unlike Ireland), high incomes (like Ireland) and high costs. They said things were better before but serious problems in last decade. They think its a good model but not as good as outsiders want to believe.
The most interesting perspective was the Norweigen lady mid 60s, who had lived in Ireland for some time in Tipp. She reckoned Ireland is a good country but she also told me she was flying to a Westlife concert in Dublin later in the summer, with her daughters too (so hard to take her too seriously!)
Icarus - true
It is socialism in an Irish perspective mainly, but then Ireland is Open, Global and Capitalist so its relative. By European standards, SF are GLOBALISTS and CENTRISTS.
Irish SOCIALISTS are Salmon and Champagne socialists.
In Europe the LEFT laugh at SFs policies when they claim they are truly left. However, under the bonnet there are some militant LEFT Socialists and Communists within the umbrella. Some are intertwined from the bowels MARXISM and MILITANCY of The Workers Party but overall it's all Bud Light, its self serving dressed up.
Populism in Europe moved many to the Right, In Ireland we went "Left". The People get what they think they are being offered and lets see how it plays out. Their appeal is growing but its primarily a surge of populism versus FG and FF who have ****ed people off because of quality of life constraints and serious issues re Housing/Homeless and Health.
Yes Bronx.
I admire that your friends are in a position and prepared to take the hit in the value of their own, presumably hard earned, assets to help their kids.
This is exactly the definition of Socialism in Ireland, people just helping themselves and their family. They may learn that Socialism doesn't achieve that because it reduces Asset prices, Capitalism does.
A long term friend of mine from Cork, who I worked in London with, told me on Saturday, that three friends of his said they were switching to the LEFT and SF because they wanted CHANGE and said they feel they have "nothing to LOSE". I didn't ask but I guess they were previously FF. I asked him how long have they been unemployed and on the housing waiting list for? They are all working hard but doing good he said.
So whats the problem, are they young? No - they are all mid 40s friends from Uni, nice comfortable homes (highly geared however), nice cars, good health insurance and good decent salaries as a reward for doubtless sacrifices, they have made to gain their education and hard work effort over the years.
So what is their problem I asked, why Left? They believe Socialism can work better for them was his response and we talked a bit about that as I tried to remain respectful of my mate's friends perspective of reality.
It is funny how people can look at the very same reality, and see the complete opposite outcomes.
FF will of course but SF say FF are awful and ruined the country, so I mean they could never go into Government with them right? They are all so PRINCIPLED and NON SELF SERVING - we are truly blessed!
Election result change the outlook for Ireland's Risk profile inmo and by default BIRG....but we don't know if it is a material change yet. A marginally right of centrist FF Led Govt with a SF Left wing but Globalist policy is untested so who knows. SF have a small number of top quality TDs but they are relatively inexperienced team of young politicians but that's what people voted for. SF will have to take housing and health portfolios and time will tell - The people have spoken so SF have to deliver or be gone on that front.
SF are are poor in the North by some measures so it's a big ask, if they succeed (they will on housing because 3B euro and planning can solve it relatively easily, they will fail on Health for other reasons) they would have a majority Govt next time round.
The Irish banks diverged from European bank trends early Jan (when the polls started to show movement to Left). The markets are selling Ireland today so we will see if thats just a reaction or indicative of a deeper sell off.
BIRG broke Novembers 2019 resistance levels today. The next support is at 3.65 so that may/may not now be tested in weeks to come. AIB is now back to August levels today. ILOA too so BIRG as a read across, could continue south in short term. No one knows.