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G20 warns against right-wing populism

Donald Trump

China’s Finance Minister Lou Jiwei, speaking on behalf of the G20, has identified “voter-luring populism” as one of the largest threats to the economy. Without mentioning Donald Trump or Brexit directly, it is clear that Jiwei had these and other right-wing populist trends in the developed world in mind.  The …

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Sinister “reassurances” in banking and energy


Imagine you are making your way home on late night public transport, when the shifty looking character behind you leans over and says, “I’m not stalking you”. I expect that you would find this somewhat disconcerting.  I imagine that for the rest of your journey home (and possibly for some weeks later) …

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The two words that will put Donald trump in the White House


The Democratic National Convention got off to an inauspicious start with the leaked emails exposing the anti-democratic nature of the Democratic (sic) party attempts to derail Bernie Sanders’ campaign.  And while First Lady Michelle Obama’s speech helped to rally the troops, day-one was further marred by a large section of …

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Britain at risk of lock-in and a cascading collapse


Two concepts familiar to readers of The Consciousness of Sheep are in the mainstream media today.  The threat of a cascading collapse has been raised by the Adaptation Sub-Committee of the UK government’s Committee on Climate Change.  Less well publicised is the warning from Roger Fouquet of the Grantham Research …

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The end of the university dream?

The narrative is simple: work hard at school, pass your exams, go to university, get a degree and get on the career ladder.  For the baby boomer generation this was without doubt the road to (relative) riches.  The expanding and modernising economy of the 1960s had more graduate vacancies than …

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The USA has no good choices in November

2016 Election

British attention on the US Primaries has focused on the remorseless rise of Donald Trump.  For the most part, the British verdict has been negative.  Even Prime Minister Cameron referred to Trump’s ideas as “stupid and divisive”.  The more Trump’s campaign has appeared to defy political gravity, the more alarmed …

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It’s NOT the economy, stupid!


The rise of Donald Trump and – to a lesser degree – Bernie Sanders is inexplicable to most professional pundits.  Trump was supposed to be a joke candidate who was widely expected to fall at the first hurdle.  The Republican Party was bound to opt for a Washington insider like …

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Universal basic income enters the mainstream

Universal Basic Income

The Financial Times recently started a discussion of the impact of robots and AI on the future of the economy, reflecting concerns about hyper-unemployment in the near future as AI threatens to take over the jobs currently performed by humans. On the one side of the discussion are those who …

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Climate denial is about privilege

Millionaire Yacht

There is a big social division opening up over climate change according to Dana Nuccitelli at The Bulletin of Atomic Scientists. It is common knowledge that people with conservative political beliefs are more likely to reject evidence for man-made climate change.  But this is far from the only division.  Encouragingly, …

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