Feb 23

I walk through cold weather in a giant cashmere coat much like many do the recession who are in work. It barely affects me. I barely notice.Yet whilst the unemployed are piled into low productivity low wage jobs that do nothing to increase output I and my ilk sit in offices, go out drinking and in my case chuffing Cuban Cigars.

Yet in many ways we are the ones who are most deluded. Our pensions are being gutted by inflation and fees to maintain banker incomes. We may think we have a stake in society but we have no more than a student bullied to work for nothing to subsidise Poundland’s owners. Indeed the arrogance of the wealthier is that Inheritance tax is a big issue to some. Yet what people expect to leave in 20 or 30 years is irrelevant in more cases than is understood now.

The economy may flatline but with Sterling a dead man walking and energy prices rising even wider real deprivation will hit home and soon – stagnation for the UK is a downward line in an energy crunch. That a nation of shelf stacking coffee pourers will save the nation according to IDS and Osborne is of course poppycock. The current economics of enforcing the status quo of a housing bubble, asset prices, zombie companies, PFI, Govt waste etc will ensure a dead economy for many years in a country which does not produce its own goods, food nor energy anymore.

It’s time to put aside your red , orange and blue flags and take on the vested interests of the corrupt troika of Politicians, Security Services and Financiers looking after themselves at our expense.

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Jan 31

It’s tough to say that the current Westminster fluff over tax avoidance is well fluff but it’s fluff. MPs try to sound moral about the world they created. The point is the world envisaged and logically derivable from the Brown Govt is one of a Kleptocracy being slightly more generous to the poor but emphasising the tax revenue from the rich. A world of the beholden to their betters under 24 hour surveillance.

In the US as the Obama Administration tries to fulfil the similar dreams of Clinton and Bush this duality can be seen by JP Morgan operating Food Stamps whilst rigging so called Markets, stealing from its customers and M F Global customers.

Even the utopia of a populace in thrall to his magnanimity as Brown imagined has the problem there is only so much wealth they can steal from savers and pensioners whose incomes and job prospects are falling. We now have new Bank of England head Mark Carney’s operation to kill what little remains of pensions with QE tying up with Osborne’s crusade against the poor. For all the bluster of the public accounts committee and the rhetoric of Labour and Conservative the clownery will continue regardless of how much tax Amazon or Starbucks pay. Bank fraud will continue no matter how much time Police spend on dead paedophiles or people who listen to phone messages.

We on the left must try to get above the Content Fetishism and move to raise the real issues even if it means pointing out the deformed version of Capitalism we have.

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Nov 23

The Kleptocrats are fond of throwing the Socialism label about and damning state intervention. Yet they only mean state intervention to give more than subsistence food, shelter and clothing to the poor. State non intervention to prevent the cost of their pollution being paid by them. State non intervention to make them pay the long term environmental cost of just digging up the land and forests. Continue reading »

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Dec 01

I accept that 99% of the reason Britain is in a bad place is squarely on the shoulders of the last Government. Labour tried to buy votes. Indeed it tried to drive a divide between public sector workers and the rest of us. Continue reading »

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May 09

True to form Eurocrats rushed out to blame the markets for Greece’s problems.

This is arrant nonsense. Greece’s problem is that it spends and consumes more than it earns. The markets therefore with no real austerity package and even less will in place will not lend it money at interest rates below 9%. Frankly the markets are being over generous I would want 20% a week. Indeed I would be QuickQuid or Wonga to their worker short at the end of the month and breaking out the APR of 2365% or more. The real issue is why would anyone back Greece when it seems unwilling to live within its means?

Greece is in the Euro and so are many other over consumers and that is why their currency is dropping. The only thing preventing complete meltdown is this fact and hence Greece is actually protected from the markets.

The worry for us should be the plight of the UK? It has debts like Greece and is not protected by other bigger and stronger countries. It’s already got piss poor pensions and welfare payouts. It’s already got a retirement age of 65 and rising. It’s workers already work the longest hours in Europe. We already have the smallest houses and biggest quality of life issues of any major economy.

Quite how Britain’s austerity program will bite should be causing more concern than whether Nick and Dave consummate their affair. Given we already have sold, mortgaged and given up everything for a pile a debt.

Where can the British state cut back?

Will anyone retire before 70 who is not rich?

This is Brown ‘s legacy.

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