Both the deficit and borrowing are clearly important for the Tories

If not in the way we usually think. Just look at these counterintuitive figures: Plus we now know that the ‘debt’ has increased under Conservative governments from £759 billion to £1.7 trillion. But nobody ever mentions it – presumably because this keeps the financial sector happy. Yet the government ‘deficit’ – often referred to as… Read more

Media myopia isn’t the only crime – but it is one of the worst

While all eyes are turned upon the possibility of preventing a proroguing of Parliament (the spoof twitter account ‘Not Boris Johnson’ is currently thanking the 274 MPs who voted in favour of him closing down Parliament and running a dictatorship instead, whilst ‘Our future our choice’ has, wonderfully, dubbed Johnson as Trump with a Thesaurus),… Read more

Non inflationary Basic Income

By putting a price on everything in terms of monetary value, we devalue the things that cannot effectively be priced. This is a rough quote from Professor Guy Standing, he of Universal Income fame, from a recent ‘Renegade Inc’ interview. So happiness is both priceless and worthless. Anyway Professor Guy Standing has produced a report… Read more

Why any job guarantee is a bit suspect

There is an excellent article on Vox reviewing David Greaber’s ideas on ‘Bullshit Jobs. “The point of an economy should be to maximize leisure in order to pursue passions, not “make work.” This is also, I’d suggest, effectively Mariana Mazzucato, who infoms that the state usually creates the origination, as it were, of most original… Read more

Did Goebbels know best?

This is a tract from Dr Joseph Goebbels. I’m afraid we have to ask ourselves whether it reminds us, just a little, of our current situation regarding the Brexit referendum. We are in a Parliamentary democracy  – but we must cede all power to the government working on behalf of the people. Step forward Theresa… Read more

Modernising in the Neoliberal way

A wry smile crosses my face when I read about the effects of ‘modernising’ the French rail system, described in Monday’s ‘Le Monde’. They are a bit behind the UK in their neoliberal zeal but catching up fast. One poor passenger had to travel from the suburbs into central Paris to get her ticket because… Read more