The only bit of Neoliberalism that isn’t Fascism is the ‘Neo’ bit

It really does seem that the only remaining difference between Neoliberalism and Fascism is a slightly more liberal social policy outlook – although even that might be debatable in some cases. I now discover that whereas Hitler started the privatisation lark, his Fascist colleague, Benito Mussolini, started the Private Finance Initiative (PFI). Admittedly, it wasn’t… Read more

What industrial strategy?

The government eventually told us after the last Steel crisis that they would be formulating an industrial strategy for Britain. This was published in late 2017, and despite arguing that, ‘It sets out how we are building a Britain fit for the future.’ – it currently remains unclear what it is, except that it seems… Read more

Crowding out commercial lending

A recent Oxford University report points out that banks’ lending to the property sector ‘crowds out’ commercial lending to companies. Usually we are told that government spending ‘crowds out’ private spending. That is a fantasy, but this report shows that the private banks creation of money actually has effects. Although this is no real surprise… Read more

Voting for the Nasty Party

YouGov, a polling operation part owned by Conservative MP, Nadhim Zahawi, has been reported as running a poll that includes a question as to whether ‘those who receive more money from welfare benefits than they pay in taxes’ should be allowed to vote. Apparently (and mercifully) there was much opposition to this. It ought to… Read more

The real origin of privatisation

At the risk of proving Godwin’s law to be irrefutable I confess that this extract from James Meek’s ‘Private Island’ brought me up short. Certainly, the American academic, Sidney Merlin, summarised the true effects of privatisation as ones we’ve come to properly understand only almost eighty years later. And when, as it sometimes does, it… Read more

Private Emergency – or Accident?

I have always been surprised by how the Accident and Emergency crisis has never been linked to any  aspects of the private health sector. The chart below suggests NHS Intensive Care Units [ICU] seem, between them, to accept (per year) well over 3000 patients transferred from private hospitals with no ICUs. This cannot help the… Read more

Dysfunctional Britain

Unaccustomed as I am to reading the ‘Spectator’, I think this article worth highlighting. It not only draws attention to an informative book, ‘Hired: Six Months Undercover in Low-Wage Britain’, recounting the author, James Bloodworth’s experiences in Britain’s ‘gig’ economy, the ‘Spectator’ article actually thinks it is worth sending to the Prime Minister. The Spectator… Read more