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Tim Watkins

Yet another Tory wealth transfer

The British Tory Party has never seen a state handout that it didn’t love[1].  But in the years following the 2008 crash, the programme of tax increases and public spending costs which has left the majority of people worse off has made if far more difficult to justify measures which …

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Closer to the edge

A closer look at the supposed explosion in job vacancies provides a clue to the deeper features of a crisis which is only just beginning. The first thing to note is that vacancies are far from even across the economy.

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The problem in microcosm

It is just a few weeks until politicians, scientists, luvvies and various officially approved activists jet into Scotland to attend the auction of false promises that is the COP26 conference.  And no doubt fearing the adverse comments that have grown in recent years about their burning more carbon in an …

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Is this peak gas?

The recent, spectacular increase in the price of gas has created a sense of crisis not seen outside the financial sector since the early 1980s.  In Europe in general and the UK in particular, it has begun to expose the folly of having an economy entirely dependent upon imports; including …

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Feynman’s Law writ large

Elizabeth Holmes, Chairman and CEO of Theranos, is a living archetype for the modern age.  Lauded by upmarket glossy magazines and heralded as a symbol of modern feminism, Holmes was the world’s first female tech billionaire.  In the tradition of Apple’s Steve Jobs and Tesla’s Elon Musk, Holmes was a …

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What then are we to become?

According to Boris Johnson, the economic dislocation which appears to be gathering pace across the UK is merely “a period of adjustment after Brexit.” In Johnson’s formulation, those who would turn the clock back are tacitly in favour of the low-pay and poor working conditions which were encouraged when the …

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A crisis of affordability

Western capitalist economies don’t really do shortages.  There are a few stand alone exceptions such as a music festival or a sporting event, where demand so outstrips supply that queues form.  But for the most part – as we saw last week with the eye-watering rise in wholesale gas prices …

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The march of folly

It is of some interest that people have been contrasting images of British petrol queues this weekend with the petrol queues which formed back in 1973 as a result of the OPEC oil embargo.  Not least because a more accurate comparison is with the fuel protests in September 2000.  That …

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Crisis by design

Believe it or not, British Prime Minister Boris Johnson has every right to stand before the nations of the world and lecture them on climate change.  Not that Johnson himself has done much to address the crisis (indeed, given that having children is the single biggest cause of climate change …

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A far from perfect storm

Global warming may yet prove to be the one thing which saves us from our largely misguided attempts to respond to global warming.  This is because, while the crisis is real enough, the solution that we have bought into is an absolute stinker.  While a great deal of corporate profit …

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