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Which potential party of government knows that it owns a bank?

Published by Anonymous (not verified) on Fri, 24/05/2024 - 1:06am in

I heard Labour Party election strategy supremo Pat Mcfadden say that Labour had to “generate the funds” to do all the things it wanted to do, so not much would be possible immediately. ‘Generate the funds’ is a trope closely related to ‘finding the money’ and straight out of the Thatcher playbook that government has... Read more

The rottenness of private equity

Published by Anonymous (not verified) on Wed, 22/05/2024 - 6:16am in

The scourge of private equity has apparently reached Bloomberg and the Bank of England – but seemingly not the Labour Party who seem still to be cosying up to this inward investment – mostly from abroad. Most thinking people think that buying a company and then loading it up with debt so that the purchaser... Read more

This is American… but the UK is not so far off…

Published by Anonymous (not verified) on Wed, 22/05/2024 - 5:07am in

And in some ways is not not such a bad idea – what with UK billionaires growing their wealth in a similar manner to their US counterparts and out of all proportion to the wealth of the rest of us… It might be problematic in controlling current billionaires but surely they’d gradually have to wind... Read more

Conservatives have made the UK world beating again

Published by Anonymous (not verified) on Mon, 20/05/2024 - 10:15pm in

A quite remarkable chart from the ever industrious John Burn Murdoch from the FT shows that Britain has the highest rate of homelessness in the developed world: Now there seems to me to be a bar chart explanation required because it seems that some countries’ bars appear twice which, I think, means that they display... Read more

Cold War Steve sums it up quite brilliantly

Published by Anonymous (not verified) on Sun, 19/05/2024 - 5:54am in

The financial bureaucrats are in charge and not the electorate

Published by Anonymous (not verified) on Fri, 17/05/2024 - 5:39am in

The New Statesman has a very good article from James Meadway, ex econimic advisor to previous shadow Chancellor, John Mcdonnell, on why an independent Bank of England is such an unmitigated disaster- even if that was probably unintentional…. As James Meadway states: The decision to delegate monetary policy to an independent central bank drew on... Read more

Labour in power delivers – allegedly

Published by Anonymous (not verified) on Wed, 15/05/2024 - 5:06am in

A minute of hope… That power and its delivery rests with money creation – so, presently, local control can juggle with the current expenditure but cannot create money. Even if Labour tries to rally the mayors, it is a rather feeble election strategy, I fear Particularly as I’m now of the view that local government... Read more

A summary of why Labour is currently the get rid of the Tory Party

Published by Anonymous (not verified) on Tue, 14/05/2024 - 12:34am in

This eight minutes of justification from Tamsin Smith is something I broadly agree with. The situation is far from ideal, but with the UK’s disastrous first past the post electoral system, we simply have to vote for the least worst. Only then can the pressure commence – not least, I’m sure, from Labour Party members... Read more

Jew Hate rather than antisemitism – history and attitudes…

Published by Anonymous (not verified) on Wed, 08/05/2024 - 6:21am in

There is a great tweet thread here pointing out that really anti-semitism is part of the failed ideology of racism (think of South Africa – no wonder they have taken Israel to the International Court of Justice). Of course, there is only one race – the human race – we all come from Africa. And... Read more

Shouldn’t Labour try inspiring people?

Published by Anonymous (not verified) on Sat, 04/05/2024 - 6:27am in

This is Dr Dan Goyal‘s take on the local elections The simple idea of placating morons hits home I fear, when Labour’s Starmer is so close to Murdoch, frightened of the Daily Mail and is all the while cultivating the City and even allows banks to sponsor meeting rooms in Labour Party conferences. This is... Read more

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