Best of the Week
Most Popular
1. Dollargeddon - Gold Price to Soar Above $6,000 - P_Radomski_CFA
2.Is Gold Price On Verge Of A Bottom, See For Yourself - Chris_Vermeulen
3.Dow Stock Market Trend Forecast 2018 - Nadeem_Walayat
4.Gold Price to Plunge Below $1000 - Key Factors for Gold & Silver Investors - P_Radomski_CFA
5.Why The Uranium Price Must Go Up - Richard_Mills
6.Dow Stock Market Trend Forecast 2018 - Video - Nadeem_Walayat
7.Jim Rogers on Gold, Silver, Bitcoin and Blockchain’s “Spectacular Future” - GoldCore
8.More Signs That the Stock Market Will Rally Until 2019 - Troy_Bombardia
9.It's Time for A New Economic Strategy in Turkey - Steve_H_Hanke
10.Fiat Currency Inflation, And Collapse Insurance - Raymond_Matison
Last 7 days
Prepare for the Stock Market’s Volatility to Increase - 19th Sep 18
The Beginning of the End of the Dollar - 19th Sep 18
Land Rover Discovery Sport 'Approved Used' Bad Paint Job - Inchcape Chester - 19th Sep 18
Are Technology and FANG Stocks Bottoming? - 18th Sep 18
Predictive Trading Model Suggests Falling Stock Prices During US Elections - 18th Sep 18
Lehman Brothers Financial Collapse - Ten Years Later - 18th Sep 18
Financial Crisis Markets Reality Check Now in Progress - 18th Sep 18
Gold’s Ultimate Confirmation - 18th Sep 18
Omanization: a 20-year Process to Fight Volatile Oil Prices  - 18th Sep 18
Sheffield Best Secondary Schools Rankings and Trend Trajectory for Applications 2018 - 18th Sep 18
Gold / US Dollar Inverse Correlation - 17th Sep 18
The Apple Story - Trump Tariffs Penalize US Multinationals - 17th Sep 18
Wall Street Created Financial Crash Catastrophe Ten Years Later - 17th Sep 18
Trade Wars Are Going To Crash This Stock Market - 17th Sep 18
Why Is Apple Giving This Tiny Stock A $900 Million Opportunity? - 17th Sep 18
Financial Markets Macro/Micro View: Waves and Cycles - 17th Sep 18
Stock Market Bulls Prevail – for Now! - 17th Sep 18
GBPUSD Set to Explode Higher - 17th Sep 18
The China Threat - Global Crisis Hot Spots & Pressure Points - 17th Sep 18 - Jim_Willie_CB
Silver's Relationship with Gold Reaching Historical Extremes - 16th Sep 18
Emerging Markets to Follow and Those to Avoid - 16th Sep 18
Investing - Look at the Facts to Find the Truth - 16th Sep 18
Gold Stocks Forced Capitulation - 15th Sep 18
Hindenburg Omen & Consumer Confidence: More Signs of Stock Market Trouble in 2019 - 15th Sep 18
Trading The Global Future - Bad Consequences - 15th Sep 18
Central Banks Have Gone Rogue, Putting Us All at Risk - 15th Sep 18
Gold Price Seasonal Trend Analysis - 14th Sep 18
Growing Number of Small Businesses Opening – and Closing – In the UK - 14th Sep 18
Gold Price Trend Analysis - Video - 14th Sep 18
Esports Is Exploding—Here’s 3 Best Stocks to Profit From - 13th Sep 18
The Four Steel Men Behind Trump’s Trade War - 13th Sep 18
How Trump Tariffs Could Double America’s Trade Losses - 13th Sep 18
Next Financial Crisis Is Already Here! John Lewis 99% Profits CRASH - Retail Sector Collapse - 13th Sep 18
Trading Cryptocurrencies: To Win, You Must Know Where You're Wrong - 13th Sep 18
Gold, Silver, and USD Index - Three Important “Nothings” - 13th Sep 18
Precious Metals Sector On a Long-term SELL Signal - 13th Sep 18
Does Gambling Regulation Work - A Case Study - 13th Sep 18
The Ritual Burial of the US Constitution - 12th Sep 18
Stock Market Final Probe Higher ... Then the PANIC! - 12th Sep 18
Gold Nuggets And Silver Bullets - 12th Sep 18
Bitcoin Trading - SEC Strikes Again - 12th Sep 18

Market Oracle FREE Newsletter

Trading Any Market

Shaun Wright Wins South Yorkshire Police and Crime Commissioner Rubber Stamp Election!

ElectionOracle / UK Politics Nov 12, 2012 - 02:11 AM GMT

By: Nadeem_Walayat

ElectionOracle

Best Financial Markets Analysis ArticleThe people of South Yorkshire will be asked this Thursday to vote for their Police and Crime Commissioner by selecting a name from a list of unknown persons that have been put forward by each of 5 political parties, which means voting will be purely along party lines which given that the Tory / Lib-Dem coalition government at mid-term is at it's maximum level of unpopularity virtually ensures that the election for South Yorkshire will purely amount to a rubber stamping exercise by the 18% or so voters who will actually turn out to vote, regardless of the fact whether the candidate is actually any good for the job or not.


The PCC elections were flawed right from the outset because of the extremely large £5000 deposit required to stand that is ten times the size required to stand as a candidate as a Member of Parliament, which has resulted in the exclusion of all independant candidates. Therefore the ONLY candidates to stand in South Yorkshire are -

Shaun Wright - Career Labour politician

Robert Teal - Retail Businessman - Liberal Democrat

David Allen - Sales Manager - English Democrats.

Jonathan Arnott - Career Politician - UKIP

Nigel Benson - Former Chief Inspector for Manchester Police - Conservative

Q. Who is the best man for the job?

A. None of the above!

In my opinion the least best persons for the job are career politicians, instead it would have been far better to employ Police Commissioners on the basis of merit i.e. persons with experience in accounting, auditing, analysis, journalism and the law who actually are competent enough to hold the police to account because as we keep discovering the police are only human, they are just as capable of engaging in criminal conspiracies such as the Hillsborough disaster conspiracy as any other section of the population. But career politicians are definitely not the answer, who are only good at talking at length without actually saying anything meaningful.

As mentioned earlier, probability strongly favours Labours Shaun Wright winning the SYPCC election as illustrated by the graph below that it would literally take a miracle for any other parties candidate to win as the voters of the peoples republic of south yorkshire will be expected to rubber stamp the Labour candidate without having any clue of either who the candidate is or exactly what the PCC is supposed to do.

Conservatives Hand Over Control of UK Police Forces to Labour Gravy Train Riders

As I discussed in a recent article (Police and Crime Commissioners), the PCC elections are a total disaster, something that the general public never wanted but what are literally being rammed down their throats at a huge expense of £100 million just for the elections, never mind the increased bureaucracy that will accompany the PCC's.

The reason why the Labour party is going along with the PCC's is obvious because the Tory / Lib-Dem coalition will be lucky to win one fifth of the 41 posts up for grabs given that the Coalition at mid-term is at it's maximum level of unpopularity. This is indicative of a very weak government that is prone to making huge blunders right across the spectrum and is sowing the seeds for a landslide Labour victory at the 2015 general election.

So those that were the most critical of the role of Police and Crime Commissioner, and many of whom have no relevant experience, will now be in charge of the police forces as a consequence of the huge carrot of £100k+ annual salaries plus EXPENSES and so it remains to be seen if we will see a re-run of the MP expenses scandal with PCC's in a few years time.

What is the Big Picture?

What is the Conservative party's over-riding strategy behind PCC's ? I suspect for the answer one needs to look deep into the belie of the beast where we will find politicians eager to auction off police contracts to private corporations that they have interests in. Therefore under the guise of saving money, police activities will increasingly be contracted out to the private sector by BOTH Labour and Conservative PCC's.

Who Will Hold the PCC's to Account?

The answer is mostly current Police Authority members, which illustrates the degree to which the whole exercise is a complete farce that will result in an increased ineffectual bureaucracy at double the cost all to the benefit of political parties at tax payer expense.

What's Next?

More jobs for politicians as commissioners for Fire Brigades, Schools ? Housing ? Refuse Collection ?

Eventually there will be an elected party political commissioner for every public activity. Too much democracy is just as bad as living in a totalitarian state!

By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2012 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of three ebook's - The Inflation Mega-Trend; The Interest Rate Mega-Trend and The Stocks Stealth Bull Market Update 2011 that can be downloaded for Free.

Stocks Stealth Bull Market Ebook DownloadThe Interest Rate Mega-Trend Ebook DownloadThe Inflation Mega-Trend Ebook Download

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 600 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

ChrisCorker
12 Nov 12, 10:29
PCCs

It is mentioned that Police Authority members will keep the PCC to account. This is incorrect. PAs will no longer exist after the PCC elections. The body set up in their place will be the PCP (Policing and Crime Panel) which have the power to veto only some of the PCC's decisions. The PCC will have to consult with PCP to set his objectives and plans and also set the precept for the area.


Nadeem_Walayat
12 Nov 12, 11:14
PCP Members

Hi Chris

Yes, the PA's will be replaced by PCP's but most of the members of the PCP's will be former PA members.

Best

NW


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules