Wednesday , September 30 2020
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Economy

A welcome Covid-19 casualty

As governments around the world wake up to the economic harm caused by the ill-prepared lockdown of their people, the establishment media are keen to ensure that the costs do not fall on the shoulders of their metropolitan liberal class.  Early on, the BBC’s economics obfuscator Dharshini David attempted to …

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A rude awakening

As various lockdowns come to an end – despite nothing changing about the SARS-CoV-2 virus itself – the establishment media are at pains to promote the mythical “V-shaped recovery.”  Queues of people, they tell us, have descended on English (Scotland, Wales and Northern Ireland are still in lockdown) highstreets: “Pent-up …

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Just the beginning

Even crashing economies unravel slowly.  This is because of a plethora of buffers from small amounts of personal savings at the bottom to central bank and state bailouts at the top.  It is for this reason that I referred to the early weeks of the Covid-19 lockdown as a kind …

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Unlockdowned

And just like that – and for no discernible reason – Britain’s period of enforced social isolation came, sort of, to an end.  Schools in England are open once more.  Public transport services are getting back to normal.  Non-essential workplaces which promise to maintain a two metre distance between employees …

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Two money tricks

In recent days, the establishment media have begun the push to shape the post-pandemic narrative.  The massive influx of state funding to prevent the economy from collapsing entirely will have to be repaid one way or another; and the SW1 crowd are determined to pass the bill on to someone …

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Shall we play the cat and mouse game?

In the cat and mouse game, we take 90 mice and release them into an enclosure.  We then send 100 cats to go catch them.  The inevitable result is that at least ten of the cats return without a mouse.  Indeed, because a few of the cats turn out to …

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When magic thinking blinds

There is a common fairy tale about money that goes something like this: Once upon a time there was a magic money tree which periodically rained money down onto households and businesses.  Businesses used this money to pay the wages of workers and households used the money to buy goods …

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The myth of “the new normal”

The warm sunny days leading up to the Easter holidays are quickly fading from memory.  Then, despite the threat of a global pandemic, there was optimism in the air.  People came together in a manner not seen since the neoliberals seized the reins of power in the 1980s.  It was …

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Fool me twice…

If you thought you were having a Déjà vu experience this weekend, it might be because you’ve been reading about Remdesivir; the proprietary drug that its sponsors are desperate to convince you is a cure for the Covid-19 pandemic.  The reason why media coverage of this drug should be ringing …

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A “Phoney War” of sorts

At 11.00am on 3 September 1939 Britain declared war on Nazi Germany.  Within minutes the air raid sirens started wailing.  Panicked civilians reached for the gas masks they had been issued with, and desperately sought shelter from the anticipated onslaught.  A few – mainly middle class suburbanites with gardens, who …

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