Much of the public commentary on economic matters, particularly pertaining to fiscal matters, is conditioned by incomplete information and the imposition of false constraints. The crisis narratives that then emerge are really without substance but […]
The Roadmap, however admirable in ambition (to eradicate poverty, restore fairness and reduce the ecological footprint) fails to articulate a vision for system change and thus fails to link the problems it identifies to the […]
A good read with much detailed analysis The system cannot produce stable growth under these circumstances. And the long-term prospects are unsound. Read Article HERE
Regular readers will know that I hate the term NAIRU – or Non-Accelerating-Inflation-Rate-of-Unemployment – which is a concoction invented by mainstream economists to maintain unemployment at elevated levels (to keep the working class in its […]
It is obvious that a successful degrowth strategy will require a massive redistribution of income and wealth. That means dismantling the neoliberal institutions that have overseen a massive shift towards higher income and wealth inequality. […]
While mainstream economists regularly appear in the media decrying fiscal deficits as vehicles to undermine the future of our children and grandchildren, which then leads governments to follow austerity paths for political gain, the climate […]
We are all realising that our political class – the large parties and their lobbying machines – only want power. Something has to give. Read Article HERE Photo: Screen grab
This is a doom loop being exacerbated by the on-going fiscal austerity. The other point is that while the nation is not in recession yet, there is a reluctance to invest in new productive capital […]
The problem I see is that real resistance to the capricious and destructive neoliberalism of the EU is compromised by progressives who oppose that destruction but think that better days can be had through Treaty […]
The answer to this questiion are differentiated and not as simple as often claimed Read HERE
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