Economy

The Euro Is Murdering Europe

The Euro is murdering the nations and economies of the EU quite literally. Since the fixed currency regime came into effect, replacing national currencies in transactions in 2002, the fixed exchange rate regime has devastated industry in the periphery states of the 19 Euro members while giving disproportionate benefit to Germany. The consequence has been a little-noted industrial contraction and lack of possibility to deal with resulting banking crises. The Euro is a monetarist disaster and the EU dissolution is now pre-programmed as just one consequence.

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The Big Split

Trump is not the answer, of course. He is the symptom. He is the symptom of the virus of neo liberal Capitalism. I never thought Trump would win because I didn’t think he wanted to win. And maybe, maybe he didn’t. None of that mattered, as it turned out. The liberals will blame racists and NASCAR rednecks, and more, they will blame leftists. And, they will blame Putin and Russia.

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Property speculators are carving up our cities

Essentially, housing associations behave like private companies. This process is being accelerated as a result of the Housing and Planning Act which forces local authorities to sell off council housing. The proceeds are then used to encourage housing associations to extend Right to Buy which will reduce the amount of affordable housing stock even further.

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Maastricht and All That

If a country or region has no power to devalue, and if it is not the beneficiary of a system of fiscal equalisation, then there is nothing to stop it suffering a process of cumulative and terminal decline leading, in the end, to emigration as the only alternative to poverty or starvation.

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The truth about Trident: the shocking fact that would turn us all against paying for nukes

As parliament debates the renewal of Trident, the UK’s “nuclear deterrent” – the arguments surrounding the controversial weapons system rage as fiercely as ever. But there’s one aspect which has been repeatedly overlooked. UK banks not only finance our nuclear deterrent, but also our supposed “enemy” Russia’s as well, and senior politicians enjoy a direct financial profit through keeping Trident. The name […]

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What Next After Brexit?

The main changes I do expect from Brexit are a long overdue material shift in the power balance away from London and its elite and back to the once working class regions of the UK. These have been the victims of a globalisation that, when it was first championed by Thatcher and then Blair, was supposed to have either no victims at all, or “losers” who could be easily compensated by the “winners”.

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Why the British said no to Europe

A forewarning came when the Treasurer, George Osborne, the embodiment of both Britain’s ancient regime and the banking mafia in Europe, threatened to cut £30 billion from public services if people voted the wrong way; it was blackmail on a shocking scale.

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Rabbi Michael Lerner at Muhammad Ali’s Funeral

Rabbi Michael Lerner gives us all a lesson in Speaking Truth to Power at Muhammad Ali’s funeral – much to the discomfort of front row audience member Bill Clinton. Touching on justice for Palestinians, a basic income, and challenging Hillary Clinton to reverse America’s murderous foreign policy, Lerner wasn’t ever going to just go after Trump, but spoke of universal […]

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The Grip of Death

When a profession fails to deliver, people inevitably suffer. When that profession happens to be the study and practice of economics, the entire world suffers.

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