Tuesday , July 25 2017
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Tag Archives: economy

Why “The Consciousness of Sheep”?

Sheep to slaughter

The name of this website may seem a little odd to anyone who was not around two years ago when it was launched.  The Consciousness of Sheep was the title of the book about the current economic, ecological and energetic collapse that humanity is hurtling toward.  Drawing on psychology, sociology, …

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The distinct whiff of ministerial greenwash

Solar Power

Green virtue signalling has become so prominent that even Tory ministers are getting in on the act.  Today, Business and Energy Secretary Greg Clark will announce a new Industrial Strategy that, apparently, aims to power the UK economy with solar panels. What’s not to like? Except, of course, that this …

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Let’s boycot these evil polluters

Glastonbury aftermath

It turns out that just 100 companies are responsible for 71 percent of the world’s greenhouse gas emissions.  According to the Carbon Majors Report 2017: “Over half of global industrial emissions since human-induced climate change was officially recognized can be traced to just 25 corporate and state producing entities.” This …

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They promised a small state. They gave us a weak state

Corporate welfare

While the 2008 financial crash finally exposed the infantile economic theories behind neoliberalism, most of its political claims remain unchallenged.  Key among these is the belief that somehow successive neoliberal governments have been “rolling back the state.” Ripping up so-called “red tape,” cutting taxes and providing ready access to finance …

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Michal Kalecki: Populism, fascism and the failure of elites

Michal Kalecki

Every 40 year or so, it falls to the mass of the population, led by a politicised youth, to deliver a knockout blow to the prevailing economic/political consensus.  The affluent (neo)liberal classes are inevitably horrified when this happens, since it rocks the foundations of their comfortable way of life.  The …

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Hard Brexit is the best option for Remainers

Brexit economy

The gut response of many Remainers is to support the softest of soft Brexits as the best alternative to remaining within the European Union.  In similar vein, hardcore Leave voters are determined that the only choice on offer should be a hard Brexit or no deal at all; with Britain …

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Burning £50 notes in front of the poor

Burning £50 notes in front of the poor

The cognitive dissonance is palpable among Tory supporters today.  Having spent the last eight weeks spouting the economically illiterate mantra that there is no #magicmoneytree, they have discovered that when it comes to buying the votes of the political wing of the Old Testament there really is a magic money …

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Science ‘v’ Economics criticisms work both ways

Fish counter

These days it is almost a given that economics is not grounded in reality.  As the old joke has it: Q: What do you call an economist who makes a prediction? A: Wrong. The failure of thousands of extremely well-paid economists to see the 2008 crash coming did irrevocable harm …

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Not the Brexit election Mrs May expected

UK election 2017

The British general election on 8 June was meant to be The Brexit Election that would provide incumbent Prime Minister Theresa May with the strong and stable majority with which to go into battle against the EU 27. It didn’t turn out that way though.  A strong Labour campaign worked …

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How the Tories’ magic money tree works

Tory #magicmoneytree

As the British general election enters its final week social media users have been bombarded by Tory trolls using #magicmoneytree to imply that Labour cannot be trusted on the economy.  The irony here is that the majority of Tory MPs and almost all of their non-banking supporters are entirely ignorant …

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