December 15, 2014
We are different to any other species in that we have evolved what we call economics, science of extending survival. Or is it a massive inter-generational war that the current political generation are guilty of, increasingly responsible for causing environmental collapse.
Why do we measure progress by growth? When we solve that one, and measure progress with an economics that includes compounding interest for any future consequence of our indulgence.
Only then we can call ourselves good Christians or good Muslims or good Jews. We remain greedy and primitive in our mutual interests. Why think like this?
Part of the lesson of certain matters remaining secular and out of the control of the driving faith or the possessors of property or the military – but that the ultimate control must remain honestly in the hands of the people. So we have countries for that. But faith is a personal matter and your path to your saviour or prophet is a relationship between your self and something all powerful. Therefore when you are praying together it is as though a casting of individual threads to your personal heaven is a revelation to the self, not to the army, not to the workforce, not to the merchants, the bankers or even the holy ones we listen to preach their secret messages in sermons to the initiated. In all religions there seems to be a strata that pulls people up – spirituality is a wonderful thing, don’t get me wrong.
Having to take sides for your whole life is the commitment of belief. But the essence of individuality is the thing. It is the most important and elusive thing. Your thread can vibrate within a group but it can also find its own pattern. It does not matter. If we align beliefs into destructive paths then as a group we start to consume that which we have no right to, we take that we have to leave alone. The first lesson in The Book of Genesis was not to take the forbidden fruit from the tree of knowledge or die. Not to take the irreplaceable fruit means we must consider requirements of future life in our consumption.
The ways in which competing religions have interpreted this basic tenet of their own belief is astounding. The destruction of species is wanton, selfish and will result on our own death.
These words or wisdom are drowned by the clash of battle as we fight for our set of beliefs. But this fundamental exists. If we sow extinction, then we will become extinct. I am just not sure if today’s political science really gives a damn about the future.
November 13, 2014
China and America have agreed to targets for reduction in greenhouse gas emissions by 2025 for America, and 2030 for China. On the scale of problems, China is a significant player, with a much larger population competing for resources as economic growth strides into the greener parts, its lungs, pollution is rife, significant and horrendous to the increasingly aware population. It is they who are served by a mutual accord of the current world leaders. Both have already made history.
China’s pollution is evidence of a population growing too fast. Economic growth is reflective of a certain attitude to risk. Countries are examples to each other of how to do it or how to do it all wrong. Overheated economies destroy our habitats. The solution is not war, economic war or invasion. It is much easier than that.
According to World Bank figures for 2010 – 2011, developed nations afford to include the exponential cost of environmental damage, on the index the UK is about 20. China is 60. But compare that to Botswana, at 199. The problem is not China. It is the misuse of resources and the rape of land by too many competitive hungry humans. We have to evolve to stop killing our future.
We can do this by simply changing our thinking. Our economic system needs to evolve into one that is geared to reward economic contraction. Our religious beliefs need to encompass a new spiritual path that includes a respect for all life and ones descendants who are as much us as we are our ancestors.
August 7, 2014
A few Disturbing Trends with our comments in The Guardian:
7 Aug 2014
Boris Johnson’s bid for parliamentary return in 2015 leaves Tories divided
The true blue conservative denies they are running until the finish line is in view, their competitors unprepared, relaxed and busy elsewhere can then make a huffing and puffing dash for the main prize.
Salmond rallies SNP backbenchers after independence debate
If the UK had a government which paid a little more than latent lip service to the parts of the country that are not London, I really wonder if the Scots would fight for independence. The popularity of this possibly economically difficult endeavour is an indictment of the Coalition and the unfair lot dealt to the many to enrich the very few.
Democracy will finally defeat that act of “mentalism”. But the question, what options do we really have? That question is the emotional argument that precedes this revolution.
Of course we may be “better together”, but the majority have to ask “better for whom?”
NIESR says economic recovery slowing after weaker manufacturing figures
I fear that like the previous government’s folly with the city, and the horrors of the 70s recessions, that it is “shock” that suddenly causes fragile recovery to be history and disaster to be the sounding board for electability. It is “old thinking” that is still leading economic planning and reactivity to timebombs that manufactures “heroes”.
In other words you are so brilliantly right. Open your business to the world. Dependence upon “economic growth” (based on the value of assets) is simply not getting us anywhere.
Sorry, George but increasing London property prices is not economic growth. You got to create industries, cause people to invest in and start new ventures, be willing to take risks.
Worrying about interest rates and the resale value of your nest egg stultifies imagination and reduces the rationale for business growth. It is not just investment bankers having dosh, it is the actual activity that seems to be faltering.
6 Aug 2014 – on Martin Rowson’s cartoon on Lady Warsi’s resignation
Being “right minded” seems to be a qualification. Or is that encoded tory propaganda or merely ukip splashing about in puddles?
Or that vacancy leading the Liberal Democrats, he may have to resign also.
…governments that pendulum swing between building and destroying systems – how much waste that does that create? Democracy under First Past the Post is truly the most inefficient system, especially when it is polarised between opposite sets of values. Proportional representation is more effective as they get to be far less adventurous as their mandate is less total.
May 15, 2014
Pollution threatens all life. Man made pollution is the result of the industrial revolution and growth. Or it is the result of criminal expansionism?
Pollution is the addition of artificial byproducts from unclean industrial activity to a natural environment, too often with unforeseen consequences, or worse, known but hidden consequences. One of the pollutants we continue to add to the precious atmosphere is CO2. Unfortunately for us, there are many others. In the short term, we are most threatened by the consequences of CO2, but who knows what other accumulations of poisons in the food chain may cause breaks and starve us to death first.
For example, our chemical warfare on “pests” that seems to have a side effect of bee eradication, may be the end of us before lower Miami is fully under-water from sea rising with the melting ice-covers of Antartica and Greenland. That is ice above the land not, which when it is water will displace the coastline and reshape the British Isles. Is that how much we care about our countryside?
May 12, 2014
If Google, Apple, Amazon and other multinational corporations can operate in the UK declaring all corporate profits in low-tax Luxembourg, then all companies that operate in the UK should operate out of a Luxembourg headquarters. They have been set a precedent, which if not legislated against fairly could cause a revolution of sorts, businesses becoming independent of the legislatures in which they operate. It effectively ends the concept of the corporation being a citizen of a nation.
To allow existing laws with all their loopholes to exist, the Government is allowing much capital dilution in the economy (inflation) but the unfair tax laws make repatriation of this capital unlikely and that allows the Government to hoodwink the population with “low inflation”.
Imagine, if all the tax-protected capital was to flood back into the UK at once, the inflation would be ridiculous. But by keeping UK interest rates low, by allowing this offshore sequestering of capital in tax havens, the Government uses QE without risking inflation showing up in the economy.
The Chancellor, the Government and the opposition are all guilty of short-term thinking. As they deflate the value of the currency by QE, they watch boatloads of tax protected funds being parked in offshore banks. So the money supply does not actually grow, but new investment is stimulated as those without can get loans. But the trick is on the general population as those who need such funding are paying larger margins than they should to borrow when the base rate is 0.5%.
Quite apart from these mechanisms of funding the destruction of existing retail businesses by competing with globalised companies means endemic unemployment. That alongside the enslavement of students by the charging of exorbitant fees to get a foot in the door of a career in an uncertain road, and you are witnessing the continuation of one of the most dangerous trends mankind has conceived. Economic racism.
March 8, 2014
A series of earthquakes measuring up to 5.7 on the Richter scale, across Okalahoma, USA were triggered by injection of waste-water from fracking.
The United States Geological Survey (USGS) issued a press release yesterday indicating that the magnitude 5.7 earthquake that struck Prague, Oklahoma in 2011 was unintentionally human-induced.
The USGS claims that the magnitude 5.0 earthquake triggered by waste-water injection the previous day “trigger[ed] a cascade of earthquakes, including a larger one, [which] has important implications for reducing the seismic risk from waste-water injection.”
August 2, 2013
President Obama told key members of Congress on Thursday that he was “open to suggestions” for reforming the National Security Agency surveillance programs that have embroiled his administration in controversy. Guardian article
President Obama wants to pull back the NSA’s far too extensive phone tap of the world and internet.
It is uneconomic activity. American values are offended by this data collection. The rest of the world is now in fear of the totalitarian juggernaut overwhelming the world with its moral values. In the last seven years it has prevented one terrorist attack. Acts of love and kindness may have well prevented another, natural causes may have prevented another, and the predator assassinations of the Al Quaeda leadership may have prevented a larger number of terrorist attacks. But if you spent the billions this programme must be costing on education, health, foreign aid and development and energy you would save far more lives.
Yes aid has been argued against as the results of it may not always be progressive. The tax system has not always benefitted the individual or hospitals always saved lives, but water and food production internationally is about to become increasingly significant in the future wars which will not be about religion.
The NSA data collection of intimate details of our private lives is every bit as scary as terrorism. And this incredible investment could be driven into into energy renewables that could slow the fatal decline into the global weather catastrophe that will lead to mass starvation and sunken cities.
July 1, 2013
A divergence between the balance sheet of the US Federal Reserve and the price of Gold has appeared and what is interesting about this is that this has not happened previously.
Why? Does the massive large upward value of the assets of the Fed tracking gold showing this divergence mean the US has sold gold reserves?
April 1, 2013
Economic arguments polarise into Right vs Left arguments. How about recognition that our democracy allows change and adapting to the environment is what we need to do more of. What are we, the British public, doing to export more?
March 23, 2013
In the Telegraph, Jeremy Warner states “Lack of growth has completely poleaxed the centre piece of the Government’s economic strategy — getting the deficit under control.” and concludes “Osborne is often accused of cowardice and a lack of radicalism. He needs to be much bolder if he is ever to get to grips with the public finances, critics say. This may or may not be true, but the perhaps surprising reality is that if he is given the five years now needed to complete his plans, he will have brought about a remarkable transformation — some £24bn in selected tax cuts at the same time as a fiscal squeeze which reduces the size of the state as a proportion of GDP back to where it was before the last government began its madness. Brown’s public sector expansion will have been entirely reversed.”
Clearly, the starving off of all the grand schemes Brown initiated as a policy filter is not that well thought out. Progress is progress, so some of what is now dust was causing growth that has now been lost.
Long term growth is caused by small businesses that can adapt to new conditions becoming large concerns making stuff that the world needs. Of course stuff now can include intellectual capital realised from the results of ecommerce and other profound changes in the economic sphere that the UK is utterly failing to become adept with because investment is impossible, so companies continue to ride the same wave to shore. But the tide is still going out because the Government has to create more dependency on introduced capital as it has utterly failed to stimulate sales. The worst kind of manager shuts the door to preserve demand.
March 18, 2013
The derivative collapse caused severe economic recession as it vaporised wealth but still, savers need banks to return the backbone of prudence and stability and provide for inflation proofing of prosperity. Banks that invest in bonuses that represent winners who also require losers in the markets they work in. Losers do not receive negative bonuses, so their accounting funds that could have supported local economic growth. Huge bank bonuses appears to be an international economic phenomena, with each market competing with others for the bankers with the most clout. If a generation of bankers agreed to invest their winnings in local growth businesses it could change the world.
February 27, 2013
Twenty five percent of the vote in Italy went to a party that want an exit from the EU and a return of the Lira. The Monetary Madness continues apace. When a country could inflate away its debts and then revalue again after it had cleared its path back to being an attractive place to spread into some of ones’ investment risks. As part of a common currency they can not con each other in this way – they have to borrow to cover the shortfalls that stem from corruption in the political class. Italy has rejected austerity but the 25% is not a protest vote. It is a game changer. It is a kick in the face of the EU. It may be fatal.
However, if the PIGS were to leave the EU, they could form their own trading bloc – one hopes they call it SPIG rather than PIGS or GIPS or the less pronounceable IGPS – they would then be able to inflate their way out of their primary problem, together. And then they could then rejoin the EU as a block and create economic treaty zones, consider an example set of economic zones:
- Central EU (Germany, France, Belgium, Luxembourg),
- South EU (SPIG),
- Eastern EU (on or adjoining the Eastern border),
- Northern EU (Scandinavia, Denmark, Holland, UK)
Each part of the EU has an exchange rate balancer, so if they want to devalue, they can by negotiating revaluation elsewhere. The four zones have floating exchange rate mechanisms with each other relative to capital value. So any shift of liquidity between the zones has its economic effect.
Monetary conditions are created by a mechanism like the trading of bonds (not cash) between the Super Governments – here are a group of talented long range analysts can set the degree of valuation (this model may in effect be five currencies), the democratically preferred flavour of financial control and regulation levels that at least disallow fantastic risks with people’s pensions that maybe once paid off but now wear away at value. Perhaps Super Governments have no other function.
Each bloc contributes to a common currency pool and sells bonds to it to maintain an economic state of relativity. However something like that may or may not work it should be understood that the awareness of very different political system is required.
Europe without a central federal body probably leads to too many demands for regulation being imposed in the wrong markets as well as the more significant, in body count at least, the absence of regulations that would have prevented disasters evaporating vast tracts of wealth in an instant. Such an ephemeral quality wealth can turn out to be. Protecting it irrationally may backfire.
The central purpose is to introduce long range capital increases where they are needed. The absence of any Government led stimulus or infrastructure corrections that long range planning needs to consider in its calculation of growth. You can squeeze an orange once, but a healthy tree means more future oranges and you better have the infrastructure to squeeze them.
“a far less great Britain struggling with a mere percentage of its economy left yet more people to employ and an inability of the state to collect fair taxes”
The apparent Tory creed of demanding tax fairness, while protecting the tax avoiders who support them, will seem shallow as the record shows a far less great Britain struggling with a mere percentage of its economy left yet more people to employ and an inability of the state to collect fair taxes means it stubbornly refuses to finance progress. Italy may serve to push the EU into progress and reform the lumbering beast.
February 7, 2013
The economies of the West have all run into trouble due to the derivatives scam and resultant financial meltdown causing massive capital flows out of national economies. Tax avoidance and corporate logic has led to offshore tax havens becoming significant on the radar of the US and UK governments. Austerity has lain the problem upon the society rather than the entities that caused it, and has prevented growth being a solution to endlessly rising government deficits and ultimately inflation.
The UK and USA could learn a lot from a more progressive and successful Western economy – that of Norway. True, they have oil reserves, not as large as the USA reserves – but they charge a 50% corporation tax levy on oil drilling. And so they should. Oil companies invest in exploration and drilling, yes it is expensive. But once they tap into the Earth’s resources they are effectively using something that belongs to the people and the future.
Western Governments are stuck in a thread of believing that any tax rise is regressive when ultimately what they are achieving with short-termism is to evaporate wealth from their own coffers. The 1% benefit because they avoid tax and yet enjoy the benefits of health and protection (both police and armed forces), education and pensions provided by the Government.
New progressive thinking is required and Norway is a good place to examine for a balanced model.
August 7, 2012
Understanding the economic crisis is not that easy. How can bankers pay themselves millions in bonuses. How can we pay Mark Zukerberg 16 billion for his website creation, Facebook? We did. That is why he got double just a few weeks ago what is now worth 8 billion dollars – so where did all that cash go? It went into his pocket.
It went to pay the people who’s stock went up, that is the beauty of a market – it revolves money around in transactions – it is the ammunition of the economy that is fired actively in an economy that functions. When bits of it start to fall off, especially the productive bits that enable the lives of millions of workers up and down the country we have unemployment and pointlessness instead of enterprise and pupose.
Why involve the lumbering unresponsive state with responsibility if the private sector has so spectacularly failed with it, why does the state believe it can do better, you hear the beautiful quitters – the image queens who tread on the political nerve of being liked while talking the talk.
Now why is that such a bad thing? One hears the question.
Why is it a good thing. To be controlled by a peacock. Would a stern eagle or a severe buzzard not product better results?
Capitalism is not about theft. It is about the flow of money towards enterprise and the growth of that which helps a large number of lives. Enriching individuals as Facebook launch obviously has, is really not the intention of capitalism.
This modern drain on the finances have to go somewhere, and reflect the devaluation of the British economy that the Conservatives and Lib Dems have dictated without a public mandate. And their enforced austerity is a given insofar as their idea of how to make things improve seems to be fixed, uncompromising even in the face of a triple dip recession.
See also: The Guardian
July 14, 2012
Over 300 flood defence schemes were subject to budget cuts and not proceded with, and hundreds of millions of pounds in insurance claims and the cost of the suffering and interruptions in people’s lives that could have been avoided by not abandoning the relatively trivial cost in net human experience quality of life vs how much exactly in tax savings? What if it happens, again, next year?
The role of Government is to apply wisdom to prevent disasters rather than throw the cards into the air hoping to catch a few as they tumble down. The abandonment of not just progress, but the safety of residents – we tax payers invested in some planning for there to be 300 flood defence schemes, so lets go ahead and make the necessary investment. It is hardly a luxury but the ruthless abandonment of Governmental responsibility for our investment in the work of civil servants which would have to be redone at another date if we are not to relocate families from 300 or more locations affected by the failure to actually employ valid work. It is more than supplying a demand, it is an act of massive criminal cruelty to the lives of many, many people.
Austerity is a tightening of the belt of economic safety and keeping the lid on things that actually have an impact on the economy. What the Osborne regime is doing however increasingly appears to be a failure in the strategic intelligence department. The investment in flood barriers was not as great as the cost of the damage. Far less than the bank bailouts. Far less than Trident. We waste 83 billion on a system while isolating Iran for trying to emulate it.
A failure to apprehend that climate change meant strategy change is only now becoming relevant to Government now that 98% of the scientific community are indicating that the extreme weather we are having may well be a bit of a sign of things to come. The others deny this and that is their right. But Government should not be banking on the unconventional view here. If we are going to build houses on flood prone ground, then we had better build protection. As this had already been researched, and understood, abandoning necessary planning is worse than criminal negligence on a scale. It is politically motivated cruelty. Protecting the bankers while stomping on the need to look after each other.
June 28, 2012
A generation or two of high unemployment and low wages is considered a price worth paying to bring down the deficit. This makes little sense economically (no jobs means less tax revenue, hence Osborne’s frantic borrowing)
If the Government believes that it is good to take from the majority because they a) either live in low circumstances and thus electorates that will never vote Tory anyway, or, b) they are young and are not enfranchised into the democratic system as they have no independence of mind or body. The “Baby Boomer” generation is defined by indulgence and when this is given to children in the fashion of top education good nutrition and a sense of moral value well and good, but a vast number of children these days get past the age of 25 due to zero economic options.
It is a cynical and unlawful party that recommends scrap heaping a section of its population that may never be able to vote against them. A bullying tactic or just a natural consequence of being a Tory toff who had his bread buttered for him from the start and now can not conceptualise that the economy is like a living animal, when you run it too hungry it gets tired quickly. The methods of the “financial stimulus” that the Brown government did was to buy into RBOS and NatWest – now the most badly managed banks because they outsourced too much responsibility to one failed cog that cost them a week of downtime and millions of customer headaches. And now Barclays has been fleecing interest. After the PPI scandal you would think that the banks would be a little more careful when it came to customer base fairness. A run on a bank is always down to perception. Dishonest bankers must be rooted out and sacked or confidence in the financial system suffers manifold.
This lenience on the wealthy and brutal treatment of the vulnerable while pricing education so that students are forever in debt is a master stroke of enslavement and duress upon an undeserving generation.
The Lib Dem balls up on Proportional Representation was a tragic day for those young disenfranchised voters. All voices should be heard equally or your democracy is unavailable.
Austerity is failing our children as it makes it impossible for them to assert their independence, so they do not define themselves in terms of their roots being well placed. They start life late, feckless and unremarkable. Our instincts shelter our young so they can lord it over their own isolated game console addiction the default pacifier of the teenager. Better than having them run wild in the streets.
Today’s government is a little like a medical team locking themselves in the cafeteria in case they catch something. The evolution of progress is forming an ugly mess of a future. That is what is wrong with this austerity. It is the isolation of social spending as a target for funding wealthy arrogance.
Lift them up for godsakes.
June 26, 2012
So, the government bails out a bank that sailed too close to the wind with their wild investment arms flailing about enthusiastically until it all went wrong. And Stephen Hester goes in to save the day and even though the bank continues to make losses there is “progress”. Huge bonuses attract much media attention.
Are cost cutting and mismanagement behind their IT systems failure? It is easy to blame it on cheaper outsourced employees.
It is a illustrative example of how wrong footed and illogical austerity is as a solution to the economic problems caused by the banks deregulated enthusiasm for gambling assets. Deconstruct society by making education out of reach and watch the corrosion at the margins eat away at your assumed wealth.
June 24, 2012
Top Tory donor George Robinson was a director of Rushmore, a (failed) tax avoidance scheme that Jimmy Carr was also a listed “Director” of – alongside 500 other disappointed capitalists.
Does this mean that the Tory Party is partly funded by income made via tax avoidance. Does this not mean that the Tory party is funded by people willing to steal from the people? Our Government is dishonest if they do not immediately act to close tax sheltering by the very very rich and if they are to remain honourable they should investigate their donors and if they are making donations of tax avoided monies, then the Conservative party effectively owes tax – and must immediately pay the correct amount of it to HMRC.
Additionally, the Government cost reduction strategy has reduced the HMRC staffing levels to the point where billions of pounds in tax avoidance are unable to be investigated.
Guardian article on Tory donor tax avoidance.
May 18, 2012
Obama is talking up the European economy saying that growth is required to conquer recession rather than austerity. And David Cameron comes out in favour of this – growth is needed in Europe and yet his policies of austerity in the UK contradict this support and makes one wonder if his office have a rating system and agreeing with Obama trumps most other issues, including the main economic plank of his frat pal chancellor.
What is growth? It is an improvement in terms of real wages vs inflation which in the UK has been on the decline for rather a while. Austerity in the face of recession is a knives edge course of shaving bits of the economy off until its a lean machine like some kind of down sized corporation. But the lives abandoned by the governmental machine are humans not dollars. They do in fact matter. Bleeding your population to support the mistakes of the banking industry and their magic numbers is simply belief in a myth. Mathematics be damned!
May 14, 2012
How the head of JP Morgan got bit by the derivatives market and what this says about financial regulation when it comes to taking risks with our pension funds.
May 13, 2012
Authority dictates that which we socially agree must be accepted as a condition of freedom. We elect those who make the laws that authority is dictated to, if we elect a government that changes those laws then a different set of people may be marginalised. The current financial crisis is an inexcusable threat to progress and it is entirely due to a systemic corruption of the mechanisms of the system itself.
The indecisive democracy practised in Europe makes change occur in a different way than it does in the more rapidly decisive preference voting systems that expand the power to “vote against” a candidate by those who are not completely sure but certain they did not want one of the leading candidates. I can not advocate FPP however, but that is also produces a decisive result swiftly, it is a method of voting that is then able to change government and importantly give Government a continuity and direction. I say importantly – meaning that the lack of an ability to run things without new rules being made – is an important distinction between Government having authority and the state having authority. The rules are only being made by a Government when one is rightfully recognised as representing the will of the people. And look at their choices. People want a government that is not tied to the whim of the fanciful investor. They want a stable entity that will look after their pensions and provide purpose and ability to the young people who may otherwise be overlooked in a market driven economy if forced by it into menial tasks.
The British Conservative Liberal coalition attacked education and health as their way to save the UK from financial collapse and another financial institute is reduced by 13 billion dollars overnight due to action on the derivatives market (2 billion in actual loses) followed by share market reaction (far more lost in capital value, but that’s life).
Meantime Greece is having to democratically consider if being a slave economy in the Euro is preferable to breaking away from it and becoming measured purely on its own merits (maybe that would be a tougher but a more rewarding environment) as Governments in Europe continue to bail out banks that have run foul of the improbable mathematics of the derivatives market.
It allows speculative destruction of common wealth. The hoarding of it by individuals and hedge funds which strip the banks bare at any available opportunity. Why are we democratically deciding to fund these vipers?
April 16, 2012
A consumer driven economy is a tougher proposition for risk but efforts of the Government is driven by the needs of the consumer in an attempt to build confidence for risk takers they are stripping bits of skin from the hide of nearly everyone by a) providing a corporate tax rate that is perceived as “being cut” therefore attracting capital investment, although so far results are questionable at best, and b) not adjusting the 40% rate of income tax so the pool of those affected in a 5% inflation rate economy, broadly increasing the tax take of the many for the benefit of a very few who could otherwise contribute to the society enjoyed by the people they employ.
Working conditions are host to much time over maybe 30 years or so of our lives. Working in inhumane sweat factories or unhealthy conditions is a tax on the flesh of those bringing up the children whose random distribution of intellect and opportunity may or may not intersect. It is the meeting of the intelligent children with increased opportunity that can provide the competence for a better tomorrow. Short changing education by effectively placing an advertising business between quality vs quantity equations – decisions that affect our trend in nature.
The problem with non-interventionist governments is that they tend to be the more interventionist in consequence due to the austerity they believe will balance the books in our favour sucking the confidence producing pheromones that do excite demand. You are not driving a vacuum cleaner more efficiently by putting more fluff on the ground so you feel it is cleaning more effectively.
More succinctly, the increase of demand without the balance of utility, is the enslavement of everyone. We have left and right wings for good reasons, society is more complex than an equation or a formula. The National Health is important as a sign of the very human value – diversity. We are the one species that is aware of the value of it. It is democratic to value each human being equally, but to reward them in a consequential way, and what eats at the heart of consumer confidence is hearing how bankers must be rewarded with amounts and tax avoidance by companies taking advantage of our labour is a sign that we as consumers are simply consuming the wrong things.
Why deal with an organisation that reduces our national savings? Our pride as a country is a pride in qualitative values, British Made used to be a mark that inspired confidence. We achieve this via actions not dangling carrots in front of the already greedy entitled few. That they control the public levers of wealth to their private benefit in a disproportionate way should provide them with an opportunity to aid the treasury knowing it was at least providing for the health of all with equanimity.
It is that covenant of looking after one another that is evaporating as consumers are being bled dry on both fronts – as inflation is descending (artificially raised anyway by an increase in VAT, so you have to examine the trend)
December 11, 2011
When taxpayers paid hundreds of billions to bail out banks, we were never told in reality what we were investing in. The scale of the problem created by securitisation could mean problems for decades if we do not revise basic principals of what is economically efficient and what is fantasy.
Would it be correct to say that the 1% have the world’s capital reserves locked up in tax shelters? How long before former world powers wake up to this? And what will the consequences be?
October 4, 2011
Senator Bernie Sanders blog reveals that secret loans to financial instituions by the US government amount to 16 trillion dollars? Is this real?