Money is created for the common good

Isn’t it? The New Economics Foundation has brought out a report ‘Framing the Economy’, which I confess I have downloaded but not yet fully read. I’m sure it is important, but what I’ve seen so far seems to be reflecting what people currently think and how their thinking can be ‘turned’ towards a correct understanding… Read more

Why didn’t the Skripals die on the spot?

I thought this conundrum worth highlighting as ‘Aunt Theresa’s’ Strong and Stable Military Grade Novichok’ now starts to raise a painful smile. It then actually turns out that a ‘military grade deadly nerve agent’ is, as we are now beginning to learn, not necessarily especially military or deadly after all. The ‘recall’ is probably thanks,… Read more

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