The dilemma of neoliberal capitalism: whose efficiency and whose resilience?

National Grid claimed, after the recent power cut  that they had been efficiently supplying electricity without fault since the last time the same thing happened eleven years ago in 2008. Now, I’m paraphrasing slightly and the chap was rather less smug than this suggests but it still poses the question: whose efficiency and what about… Read more

Where’s the rest?

I spotted this lovely Twitter post from David Lammy MP in reply to Prime Minister Johnson: You promised the NHS £350 million extra per week. £1.8 billion will only cover about 5 weeks. Where’s the rest? Where indeed? More especially as spending commitments seem to have been coming thick and fast……. Read more

Understanding monetary ‘plumbing’ and where it gets us

There is an interesting podcast from the American site Macro’n Cheese with the Scottish Professor Mark Blyth, who, though he long ago emigrated and has become Eastman Professor of Political Economy at Brown University in the US, he has certainly managed to hang to most of his Dundonian dialect! I have to say I usually… Read more

Freeports are Brexitwash

Lizz Truss, in her inordinate wisdom, has announced some freeports which are going to be so marvellous in boosting our Brexit success. They are, as Barry Gardiner has already suggested, just a way of moving around employment. But did we know that the EU already permits them? There is a list here of all the… Read more

Five a day is a marketing fiction

As I’m sure more assiduous readers will be aware, I’ve already pointed out that ‘five a day’ is a marketing fiction. Building on this, there is a half hour podcast from the ever interesting nutritionist, Zoe Harcombe, which is from November last and which I have only just discovered. It seems to me it is… Read more

The cult comes first

Amid news that the pound has sunk to a 28 month low on no deal Brexit fears, I thought I should revisit an oldish report from the Institute for Policy Research, which pointed out that: The decoupling between wages and growth coincides precisely with the UK’s trade (and current account) deficit. The UK’s debts to… Read more