Saturday , January 22 2022
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The dark shadow that still haunts banking

Shadow Banking

The digital economy has largely been welcomed as a “disruptive force,” obliging old fashioned businesses to compete for custom with new lean internet companies like Uber and Google.  But disruptive businesses in banking may not be the positive development intended.  As Leonid Bershidsky at Bloomberg points out: “In a rivalry …

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Brexit Britain muddling along

The scale of economic dishonesty in the wake of the Brexit result last year takes “fake news” to stratospheric levels.  In this, both sides of the Brexit argument are equally culpable.  The slightest hint of economic bad news is pounced upon by the “Remoaners” as proof that the UK economy …

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Dying of (wilful) ignorance

Dying of wilful ignorance

Perhaps the most despicable thing about climate change denial is that the science behind the greenhouse effect is long established.  As I noted in my book – The Consciousness of Sheep: “French mathematician and physicist, Joseph Fourier, first discovered the ‘greenhouse effect’ in 1824, when he discovered that gases such …

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The elephant that killed Western democracy

Killer Elephant

Across the Western world, centrist political parties and their supporters are like punch-drunk boxers, reeling from a series of near-knockout blows.  First there was the British (i.e. English and Welsh) decision to leave the European Union.  Then came the ‘impossible’ election of President Donald Trump.  Then there was the less …

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Welcome to the permanent depression

Great Depression

Technological prowess has ushered in a new century of energy independence.  Techniques for recovering the oil found in shale deposits and bitumen sands, for drilling in ultra-deep water and for recovering Arctic oil have allowed the Western states to break free from our dependency on the Middle East and Russia …

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Michael Gove had a point

High Priests of economics

Michael Gove’s comment that “we’ve had enough of experts” has come to symbolise everything that was wrong with the Brexit referendum result: A bunch of knuckle dragging, fact-denying, racist proletarians who could barely muster a C grade GCSE between them – swayed by a cynical pack of lies from the …

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What shampoo tells us about the economy


Perhaps because it is hard to link the story to Brexit, the news that shampoo sales fell by £23 million in the past year will have been missed by most readers.  The news may, however, by far more important that a great deal of the Brexit-linked winging that has passed …

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Decommissioning: the looming disaster in the North Sea

North Sea oil decommissioning

The biggest threat to the UK’s North Sea oil industry has nothing to do with Brexit or the current global oil glut according to Lianna Brinded at Business Insider: “There is a ticking timebomb that could put off companies investing in the sector and prevent new projects being set up …

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New publications from the Consciousness of Sheep

New Publications

The reason we have been a little quite here at the Consciousness of Sheep in recent weeks – did we miss anything important? – is that we have been putting the final touches to our two latest publications.  Both explain the foundations of the existential crises that humanity now faces: …

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