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Tag Archives: economy

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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No Easy Answers

Sailing Ship

More than any other time in history, mankind faces a crossroads. One path leads to despair and utter hopelessness; the other to total extinction.  Let us pray we have the wisdom to choose correctly – Woody Allen An excerpt from Tim Watkins’ book: The Consciousness of Sheep Here’s a predicament …

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