Funding the Future

UK consumers think there’s trouble ahead and are cutting their spending as a result. That’s the combined fault of the Bank of England and Rachel Reeves, and no one else but them can put matters right.

People are claiming Bitcoin is the new gold. It isn’t. It is nothing like gold. But more than that we don’t need to be on the gold standard ever again. It destroyed the world economy.

Labour is sinking so fast in my estimation that I now think it could already be worse than the government of Liz Truss, and could be very much worse soon.

Trump’s first few days in office make it clear he’s either mad or bad, because there are no other explanations available for what is happening. But is it possible he’s both?

Politicians claim countries must be run like households, and that’s completely wrong. In fact, most often the exact opposite is true.

£23 billion of benefits are not paid in the UK a year. Why is it that finding those who are due to be paid is not a national priority?

Trump’s second arrival in the White House marks a shift in political economy.  We’re entering the Age of Aggression – a new era in political economy. After WW2 we had the Age of Compassion. Neoliberalism was the Age of Indifference. Now we have naked force taking control.

Trump was slow to get going in his first presidency. This time he’s planning on an impact from day one, and that impact could be horrible, and the repercussions terrible.

Labour’s plan for government is based on some vague aspirations that are almost meaningless, and probably undeliverable. So, what should it do?

Joe Biden’s swan-song speech to the people of the USA warned about the threat to the people of the USA from what he called the tech-industrial complex, otherwise known as Musk and his tech billionaire friends. Was he right to do so? But was he also too late?