Jan 15

My father made the point re minimum wage yesterday that we no longer have fields of sharecroppers but a bloody great combine harvester which produces compacted bails. The intriguing question is as pursuit of rentier incomes becomes the goal of a Plutocracy anxious to cement their position is this a precursor to a lack of progress?

Has investment fallen in recent years as Globalisation has made Labour cheaper? Will Monsanto owning law courts and the US Govt improve food production long term or will they take their Obama Administration approved Monopoly profits? Will the ever expanding financial sector be able to expand forever? Will housing and continue to climb? Who and how in a West of declining wages be able to support this?

Dystopia may not await but it’s not clear if it is not the goal from the policies pursued by Westernites. It’s becoming like the world of the Matrix with 1999 as some stepping off point. As increasingly the aim appears to freeze society and allow those with assets to live off rentier incomes.

 

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Jan 14

I chimed in on a guy who wrote a piece in City A.M. that Govt should not raise the minimum wage as this was

  1. against natural laws of free markets
  2. would cause  business to replace Labour with capital

This I said was Zombie economics and actually if true would encourage investment and progress by raising the min wage. His argument was that of the Flat Earth Society. the response was that it was not for Govt to interfere in the Natural world. I said this was dogma. He scoffed that free markets were always called Dogma effectively straw-manning my argument as against free markets. The point is we don’t live in a world of free markets and if they are so natural how come they have almost never existed. Processed Breakfast cereal claims to be natural and it is not.

Thus he is prescribing a solution from a world that does not exist. Why should Govt prescribe a minimum wage? Simply because to not do so would be to create subsidy and bureaucracy. By making the minimum wage a living wage we can save on welfare and crucially working out what welfare is for people on crap like zero hours contracts and low wages every week. The only way to a free market is to remove Welfare and create a Victorian world of de facto slavery?

I know this is to an extent a straw man of their position and they do object but I do find it rich they have apoplexy at the trivial difference a higher minimum wage will cause. Yet stay mostly silent on the big corporations who welcome low wages and Govt subsidy like Tesco to bury small often family 24/7 stores with free Labour that adds nothing to GDP – as they did with Workfare. The idea that full employment on poverty wages doing often tedious menial work will lift a society maybe what George Osborne and the dogmatic claim to believe but it’s simply not true.

Make no mistake a low wage with no limits helps big Capital freeze a Zombie world of low investment, skill-less jobs and wages. It is in effect a call for Luddism. For all their pious claims to otherwise Free Marketeers mostly speak in support of Big Corps and not in reality the dynamic Capitalism they claim to believe in.

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Jan 08

Govt taxes workers and small companies (henceforth SMEs)  these taxes go into a fund to pay welfare and subsidise selected large business and pay down interest on Govt debts.

These subsidies lead to profit for large corporates and the taxes on that are paid offshore as the local balance sheet in a so called advanced Western Country has debt loaded on it – see almost all big corps.

Young workers come along but with no union power and lots of more of them than jobs they take low wage jobs that need Govt subsidy – see Wal Mart, Tesco. They contribute little tax as much of their consumption is rents and loan repayments often to people who pay little tax.

Older workers wages go down in real terms and their debt is rising again too.

Now suppose interest rates rise on Govt debt and hence student debt and SME debt. Or even the debts grow for another 10 years even under Zero Interest Rate Policy.

You don’t have to be a genius to see the mass subsidy and Beggar Thy Neighbour tax strategies of so called wealthy nations is unsustainable. Indeed even the big Banks and Corporates are cutting their own throats long term as without consumers of products (wage earners) what is there?

The prevailing Western Government meme will not work.

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Aug 11

The idea that mass surveillance of the internet at vast cost and examining almost everything that is not piped movies* and other streams has anything to do with terrorism is clearly wrong.

The conceit is that this is a discussion of Freedom v Security. Yet law enforcement is more danger to the average American in America. Bee stings are. It’s unclear how this surveillance of Americans and allies helps and if there was even one example anyone think this most pragmatic of Administrations would not leak it? It leaked it could track al Quaeda communications last week** which would appear to be stupid to warn them!

There is no security issue here. The UK/US have more than enough laws to spy on the right people with minimal change in security. This is not about security but the rights of venal weak politicians to keep feeding parasitic corporations like BAE Systems, Booz Allen and General Dynamics and be fed back.

Worst for me is the idea that collecting vast troves of data will ever be helpful. Reliance on Big Data and phishing will make processes and procedures predictable – less better quality data wins every time.

The only discussion here is Freedom v Corporate Parasites’ Profits. It’s obvious who the Cameron Govt, GOP, ‘Crats et al favour and it’s the former.

* The Obama Administration’s claim of 1.6% of traffic laughable given what traffic is. Seriously anyone who considers the Administration anything but malevolent and mendacious can only be because it’s stupid, incompetent and knows less than Guardian readers.

** Shows how absurd and vengeful for being shown as a stooge for Big Weapons and NSA The Obama Administration is. An Administration that leaks classified and damaging top secret documents like they’re coupons for free fries claims telling people what is being done against them is spying for the enemy. As the chief spokesperson said “We don’t read your emails” again 2 providers of encrypted email closed down as the Jackboots of the NSA closed in. Again The Administration thinks it is talking to who? Morons?

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Jan 30

It has to be said that whilst they will have critics from the other brand of salt party, the ‘licans, no one else can doubt that these two ivy league prigs have shown that they will kill as many people as their predecessors and lock up as many poor black people. In the same way that the maligned, and unlike most users of the word I actually mean maligned, John Major broke the mould of British Politics as a game between those born with gold or silver spoons in their mouths. Although British politics has regressed since then to the affable buffoon and clown ‘Call me Dave’.

Hilly and Bazza showed that they could impose poverty, war and depravity on parts of the world in the narrow interests of the US Oil industry as well as White Guys with their background. Michael Moore’s ‘Kill Whitey’ reduced to a load of recyclable paper. Both showed they could be head spokesman for an Administration regardless of Ethnicity or Gender.

Hip Hip Hooray.

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Dec 24

The modern conservative is engaged in one of man’s oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.
John Kenneth Galbraith

Now I believe that much of what start out as political campaigns and “Wars On” have at least some genuine reason for their existence. However what sustains them is the institutionalised profit from the taxes that fund them. As the reason for them declines and the income stream steadies so the rhetoric of morality to justify continuance increases.

US Govt by tacitly endorsing HSBC’s support for drug lords and terrorists shows that when push comes to shove these wars don’t matter to those running the show. There is no higher principal than maintenance of the elite. The whole pointlessness of these conflicts is shown up. That if the wealthy are involved the issues are moot. The Wars irrelevant. The Deaths irrelevant. The morality preached a lie.

Thus whilst not planned all that is left is people making money from running prisons, manufacturing weapons, laundering money, creating money for Banks, skimming aid budgets, cheap money so Govt and Banks can continue to make money for the rich and wage these wars.

After all rioters and occupy may have cost the UK circa £150 Mn – thousands in jail and bullied by the Cops. In just money stolen from pensions and savers minus lower mortgage payments the Banks have had £70 Bn net off the people of the UK. That’s £1000 a head. £3000 for every full time job. They’ve had £65 Bn in direct Govt aid and the indirect aid dwarves that figure.

They don’t work for us.

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Jul 14

The bullshit from the Milk Snatcher was that privatisation would free the entrepreneurial spirit. In addition the reserves of the mutuals were handed to people PFI like borrowing against their future creating more and more hand to mouth banks who borrowed from Peter to lend to Paul. Continue reading »

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Mar 14

Anyone naive about the malign intent of the likes of Goldman Sachs and their pets in power in Italy, Greece, USA, UK and Ireland should read this and wonder what their bought and paid fors are doing for Goldman’s.

http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?pagewanted=2&_r=3&hp

You think voting for the City’s pets Labour or Democrat changes anything but the rhetoric of the destruction of our wealth, freedom, rights and society?

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Nov 15

The current travails of the Penn’ State’s [American] Football program has seen sport’s journalists rightly slag off missing standards and integrity. The total and utter ignorance of inconvenient truths by weak men who lead others and set standards but don’t live up to them.  Continue reading »

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Mar 31

I am sure there are many fine and altruistic organisations out there. I am sure many people do unpaid work that is compatible with Big Society ideals over the defining  ideal of a Brownian society that so dominates Labour – that people are fundamentally selfish and setting them targets and inducements works best. Continue reading »

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