a worker's views
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, etc. In a planned economy there would not even be a hiccough. There are 30 million people who work in the UK. If … Read more
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 Le Maire for example. Mr Le Maire is the Economy and Finance Minister in Macon’s government in France. He appeared recently in an … Read more
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 Evening Standard asking whether the Bank of England understood what was going on. Fair question. We know they don’t. But then Stephen, HSBC’s’ … Read more
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 single day there are always parties violating the rules and trying to take unfair advantage of things. So a trade war has been … Read more
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 rate was reduced in August 2016 we were told it was because of the vote to leave the European Union. The decision … Read more
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 speech on economic policy which made it clear they plan to run capitalism for the capitalist class. In his own words, McDonnell wants … Read more
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 campaign, on the other hand, had so-called experts on their sides. International colleagues with their own vested interests to protect waded in with … Read more
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 in the street who has misconceptions. No, the people who really misunderstand him (or misrepresent him, which is worse) are the educated class. … Read more
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 want If working people ae not happy with the product or service they are getting, one of the other capitalists will fill in … Read more
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, stupid”. She makes a good point in her opening paragraph: “in reality voters are not stupid. What matters to them is the … Read more