Best of the Week
Most Popular
1.Canada Real Estate Bubble - Harry_Dent
2.UK House Prices ‘On Brink’ Of Massive 40% Collapse - GoldCore
3.Best Cash ISA for Soaring Inflation, Kent Reliance Illustrates the Great ISA Rip Off - Nadeem_Walayat
4.Understanding true money, Pound Sterling must make another historic low, Euro and Gold outlook! - Marc_Horn
5.5 Maps That Explain The Modern Middle East - GEORGE FRIEDMAN
6.Gold Back With A Vengeance As Bitcoin Bubble Bursts - OilPrice_Com
7.Gold Summer Doldrums - Zeal_LLC
8.Crude Oil Trade & Nasdaq QQQ Update - Plunger
9.Gold And Silver – Why No Rally? Lies, Lies, And More Lies - Michael_Noonan
10.UK Election 2017 Disaster, Fake BrExit Chaos, Forecasting Lessons for Next Time - Nadeem_Walayat
Last 7 days
Sugar Commodity Investors: "Desperately Seeking..." Clarity and Objectivity - 28th Jul 17
When You Think It Can’t Get Worse, The Markets Become Even More Absurd - 27th Jul 17
US Dollar - Make Way For Uncle Buck - 27th Jul 17
Stock Market Levitation Continues... For Now - 27th Jul 17
Is Big Oil planning its Funeral by ignoring the obvious? - 27th Jul 17
Why Surging UK Household Debt Will Cause The Next Crisis - 27th Jul 17
Reconciling the US Dollar Outlook with the Super Bullish Gold and Silver COTs - 26th Jul 17
Last Week’s Rally in Gold Stocks Erased - 26th Jul 17
Dollar, Bitcoin, Markets - Is There A New Flight To Safety? - 26th Jul 17
Central Banks ARE The Crisis - 26th Jul 17
Iran: Public Image Versus Historical Reality - Part 1: An Abridged History to the 20th Century - 26th Jul 17
Trump Fails To Understand One Critical Thing—Our Trade Partners Have Options, Too - 26th Jul 17
Stock Market and Gold Stocks Trend Forecast Update - 25th Jul 17
Saving Illinois: Getting More Bang for Its Bucks - 24th Jul 17
3 Stocks Sectors That Will Win in The Fed’s Great Balance-Sheet Unwind - 24th Jul 17
Activist Investors Are Taking Over Wall Street, Procter and Gamble Might Never Remain the Same - 24th Jul 17
Stock Market Still on Track - 24th Jul 17
Last Chance For US Dollar To Rally - 24th Jul 17
UK House Prices Momentum Crash Warns of 2017 Bear Market - Video - 22nd Jul 17
Crude Oil, Gold, ETFs & more: Pro-grade Market Forecasts - 22nd Jul 17
Warning: The Fed Is Preparing to Crash the Financial System Again - 21st Jul 17
Gold / Silver Shorts Extreme - 21st Jul 17
GBP/USD Bearish Factors - 21st Jul 17
Gold Hedges Against Currency Devaluation and Cost Of Fuel, Food, Beer and Housing - 21st Jul 17
Is It Worth Investing in Palladium? - 21st Jul 17
UK House Prices Momentum Crash Threatens Mini Bear Market 2017 - 21st Jul 17
The Fed May Show Trump No Love - 20th Jul 17
The 3 Best Asset Classes To Brace Your Portfolio For The Next Financial Crisis - 20th Jul 17
Gold Stocks and Bonds - Preparing for THE Bottom - 20th Jul 17
Millennials Can Punt On Bitcoin, Own Safe Haven Gold For Long Term - 20th Jul 17
Trump Has Found A Loophole To Rewrite Trade Agreements Without Anyone’s Permission - 20th Jul 17
Basic Materials and Commodities Analysis and Trend Forecasts - 20th Jul 17

Market Oracle FREE Newsletter

Crude Oil, Gold, ETFs & more: Pro-grade Market Forecasts

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

© 2005-2017 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

Catching a Falling Financial Knife