Science and technology are the greatest agents of collective human progress.

Surely, only a politician could think that: “A free-market economy, operating under the right rules and regulations, is the greatest agent of collective human progress ever created.” Or maybe a politician and an economist. For everyone else, a much stronger case can be made for mathematics and written language, or science and medicine, or the ability… Read more

Anyone for “unfunded borrowing”?

In yesterday’s speech the Prime Minister refers to “unfunded borrowing”. It’s here  (To spare you having to endure the full half hour it is mentioned at about 23.58 in.) It’s not a stumble, it is clearly spoken, yet it is prima facie nonsense. Borrowing isn’t going to get to be borrowing if it is unfunded…. Read more

Lists of the ‘elite’ are interesting, but never forget that power is at its most effective when it is least observable.

Earlier this week, on the 24th September to be precise, The Guardian made a big splash about an analysis of what it claimed were the UK’s most powerful people – the ‘elite’. This provoked various responses, including one from a good friend of the Progressive Pulse blog, Richard Murphy, on his Tax Research blog (http://www.taxresearch.org.uk/Blog/2017/09/25/we-need-good-administrators-but-the-guardians-wrong-to-consider-them-the-elite/)… Read more

Moody Fantasy

The attention given by the Mainstream Media to the downgrading of British debt by Moody’s to slightly less than triple A only goes to prove how ill they serve us. It might be more interesting if it were Cornwall that had been downgraded, which is one of the few UK counties to have a credit… Read more

Uber – too big to hail

When the London Black Cab Taxi Drivers took Uber to court it was established that not only was the Uber app not the equivalent of being able to ply for random hire in the street as Black Cabs, with their unique set of more onerous regulations, were able to, but also that the app showing… Read more

Poisonous tendencies

Cross-posted on  Brave New Europe. Anyone that has tried to balance a seesaw – not touching the ground – knows about equilibrium. We know how to adjust our position to correct any movement away from perfect balance. The seesaw fluctuates and we cannot relax, but if we react correctly it never moves far from the… Read more

Brave New Europe

An interesting new website has appeared this week called Brave New Europe. The goals are similar to progressive pulse but on a pan European scale. I have an article on how rising inequality is a market failure that needs fixing in order to avoid a continual sequence of economic and political crises.  … Read more