Protestors criticised for looting business without forming Private Equity firm first

I loved this headline from the American satirical website “The Onion” It concerns the rather unsurprising discontent in Minneapolis following what looks to be a police arrest using deathly force. Interestingly it seems that fires in the disorder were contained rather than extinguished by the fire brigade – seemingly as further protest. But the short,… Read more

Harvesting other people’s debts should not be a business model

Crises tend to reveal unacknowledged truths. In 2008, we learned that the majority of the financial wizards we had been taught to treat with awe for the previous two decades were, in fact, little more than scam artists — and rather clumsy ones, at that. The coronavirus, and resulting lockdowns, is teaching us an even… Read more

We may be on the money – towards a common outlook

I have been contributing to a ‘Positive Money’ paper on the Covid-19 consequences. I have no idea if it will be accepted but I thought it would be interesting to discover how they are becoming much more ‘government money creation’ friendly! Indeed I think they suggest that they probably always have been (and, actually who… Read more

If the rich knew what tax was for they might actually appreciate it…

This shortish piece (below in quotation marks) arrived in my inbox a couple of days ago after somebody had viewed the excellent ‘Money for Nothing’ video. “Three questions: Why doesn’t the Labour Party explicitly adopt this approach [that money is created out of thin air and we spend and tax in fact] to tax and… Read more

Solidarity

This is a word that Labour Party members often seem to use as a substitute for goodbye – or even hi! Quite why I don’t understand. But I wish they wouldn’t… It is certainly true that we need more solidarity in our communities – but in English it is unusual for an abstract noun to… Read more

Local government has been sold down the river..

In spite of the Conservatives ‘levelling up’ there seems very little desire to reinvigorate local control. Indeed this current government seems positively in fear of local control- as would appear to be indicated by their loose rhetoric to ‘do whatever it takes’ yet all local government finds it difficult to get their rightful allocation of… Read more