Market based capitalism can’t compete with state sponsored capitalism

There is an interesting article here on how Trump is effectively bound to be outsmarted in his trade war with China. America suffers from the same problem as Britain – it doesn’t make much anymore. So if the currency reduces in value there is no opportunity to increase exports because it there is nothing much… Read more

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

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

Capturing democratic thought

Farage has intimated numerous times that he thinks ‘our’ democracy is broken, without, as usual, ever outlining what to do about it – except of course getting the ‘Brexit Party’ to fight the next election. Farage’s solutions are much as Macbeth thought about life – full of sound and fury, signifying nothing. Even so, let… Read more