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

Debt is control

Nick Macpherson, former Permanent Secretary to the Treasury has tweeted: Writing off NHS trust debt only justifiable if correlated with high pressure areas, eg London. Otherwise an inefficient way of addressing resource constraints. Of course, it adds another 0.7% to national debt/national income ratio. This crisis is becoming expensive. #soundmoney Which comment is, as many… Read more

Liberty, Equality and Accountability

No, Fraternity, isn’t part of this…. Nonetheless, I suggest this is a very powerful conclusion by Billy Bragg in an interesting podcast with the lawyer Adam Wagner, in which they talk about ‘agency’. I thought it very incisive as they, quite correctly in my view, suggest that neoliberalism gives ‘agency’ to both businessmen and ‘markets’… Read more

Labour’s dilemmas and how to resolve some of them

I have mentioned Russ in Cheshire before. He has proved to be an interesting if unconventional twitterer. What follows is no more than the truth and yet practically every media outlet treats Labour’s tax proposals as rampant Marxists stealing all of our income. Really? Labour’s tax plan only affects people earning more than 3 average… Read more

Conservative Government mismanagement of the NHS is plain for all to see

The news last week that the delays and target failures in the NHS are substantially worse than ever before is regrettably, unsurprising. Dr Rachel Clarke has pointed out that since the Conservatives have been in government, surgical waiting lists have soared to 4.4 million; district nurses have been culled by 50%; 15,000 hospital beds have… Read more