When the Covid-19 lockdown was announced, was I the only person to think how crazy is capitalism? So everything shuts down – or nearly everything. Essential work continues – food production, transportation,…
Category: Economy
The ruling class is right
It is worth listening to what the ruling class is saying. Because often they display a greater level of class-consciousness than we do when analysing the economic and political crisis. Take Bruno…
An economist explains
You could read a whole article by a highly-regarded economist and come away convinced he is a simpleton. Stephen King of HSBC is no exception. He wrote a comment piece in the…
US declares trade war at Davos
The US has gone to Davos to tell the rest of the world it is declaring a trade war. The US Commerce Secretary declared, ‘Trade wars are fought every single day. Every…
Bank of England supports Brexit
The BoE (Bank of England) decision to increase interest rates to 0.5% was a vote of confidence in Brexit. That was what the headlines should have been in the capitalist press. When…
The Labour Party’s radical reformists
The true nature of the socilaism espoused by Jeremy Corbyn and his Shadow Chancellor John McDonnell, were revealed at the Labour Party conference today. Despite all the left rhetoric, McDonnell made a…
Brexit lies – who told the truth?
The referendum campaign was cheapened and degraded by accusations of lies. And the most vociferous accusers were the Remain campaign. We were repeatedly told the Leave campaign were telling lies. The Remain…
The trouble with Marxism …
The trouble with Marxism is that most of the people use that expression have not got a clue what he was about. And I am not referring the common man or woman…
Leave the free market alone
Capitalism is a wonderful thing. Provided you make sure the capitalists do not form a monopoly, and keep say five or six major players in the market, the consumer gets what they…
Vicky Pryce lectures us on economics
Vicky Pryce has written an article for The Evening Standard setting out what she thinks will decide the forthcoming election. She is an economist. And she argues that “It’s still the economy,…