Economy

Within a financial frame, then, profit can – and often is (sometimes reasonably) – equated with greed... ). In a deeper sense, however, profit provides an – albeit inaccurate – measure of viability.

A complex civilisation is like a soufflé. It is either growing or collapsing. There is no steady state.

Far from raising the income the government claims it needs the additional taxes will force hundreds of businesses into insolvency.

This was – and is – the fundamental flaw in neoliberalism, and we are about to witness it bringing the house down.

London is displaying all of the symptoms of decline which were so obvious in places like Blackpool a generation ago.

For two years we have been spending more to buy less, but in the last couple of months we have switched to buying less and spending less.

Denial is the widespread political response among those who are still warm enough and fed enough to participate.

Just like Foreman, the western states – and the US neocons in particular – have overestimated their economic and military strength...

Central bankers have been all too similar to ancient cultists doing ineffective rain dances, ever since they drew the wrong lesson from the early 1980s.

Most likely, state employees and establishment media editors are under pressure to put as positive spin as possible on economic news since the alternative might result in a full-blown panic.