No hope – just belief

The central tenet of the Conservative campaign seems to be a beauty contest of personalities with Jeremy Corbyn as chief ogre. The only Tory plan is austerity, which is largely uncosted. Otherwise there is hardly any plan – and certainly none for Brexit. Unfortunately the beauty contest has been interrupted by bombings and murders. Yet,… Read more

BoM June 2017

Our June Book of the month is Debunking Economics by Steve Keen. Debunking Economics exposes what many non-economists may have suspected and a minority of economists have long known: that economic theory is not only unpalatable, but also plain wrong. When the original Debunking was published back in 2001, the market economy seemed invincible, and… Read more

Lower tax equals a worse life

Let’s be clear, lower tax means lower prosperity, worse public services, worse health and worse education. The evidence is in the data. The graph below (updated 2017-06-08 following suggestions in the comments) shows outcome measured using the UN’s inequality-adjusted human development index (IHDI) as a function of input measured using tax as a percentage of national… Read more

Jargon Buster – a Start!

Following ideas on Progresive Pulse here and later ideas on the Tax Justice blog I’ve been grateful to Nick Koronka for creating the outlines and I’m trying to start with a new word. And also something that might be a shade controversial to get the Jargon Buster directory going. Please do comment below and please… Read more

2 |Posted in:Posted in: Jargon

Partisanship and the End of Politics (the coming of the neo-feudal state)

Since the US electorate (or more accurately, electoral college) put a reality TV personality and real estate mogul into the White House late last year I’ve become a committed viewer of a number of US news and current affairs programmes. Several of these – such and The Rachel Maddow Show and The Last Word with… Read more

The Co-operative Bank is not Co-operative at all, but real Co-operative Banking is now possible in the UK

It is a fact not universally acknowledged that the Co-op Bank never has been itself a Co-op. It was a bank originally owned by the CRS as a way of providing economical banking for their own retail operations. This was a surprise discovery made after attending a recent lecture by Tony Greenham who looks after… Read more