Golly, that's thinking out of the box. "Private ownership should generally be preferred to public ownership when the incentives to innovate and to contain costs must be strong. In essence, this is the case for capitalism over socialism, explaining the dynamic vitality' of free enterprise". So says Andrei Shleifer in his his 1998 paper for … Continue reading The Uber Effeciency Of The Private Sector
As they say, follow the money. The alternative title to this article could be why this blog is called Progressive Momentum or ProMo for short, see what I did there, pretty snazzy eh? Or not as the case may be, I digress. Today I'd like to look at how perfectly good ideas can be used … Continue reading Baking Serfdom Into The System Or…
Does exactly what it says on the tin. So what is the Job Guarantee? I believe the phrase was invented by the Modern Monetary Theory (MMT) economist Bill Mitchell. he reasoned that if the state could support a buffer stock of unemployment, as happens now, the state could also provide a buffer stock of employment. … Continue reading Why I Support The Job Guarantee
Sounds fine to me, does it do what it says on the tin? I think this is a question that isn't asked often enough, maybe there is an alternative to Social Democracy, after all that's the strapline to my blog. I don't see there is any problem in exploring the question to see where it … Continue reading Neo-Liberalism: What Has It done For Us?
More to the point, it's the only offer you're going to get Just before I continue the second part of this blog I'd like it clear that Simon Duffy works for the Centre for Welfare Reform and is an expert on the way the most vulnerable people in our society are treated. These ideas did … Continue reading Gangster Economics Pt 2
This Recipe Looks Familiar. All the original thought in this article is by Simon Duffy, my comments are in green. This post is reproduced with permission and my thoughts are in no way to be taken with Simon's own, although I hope he likes them. Also thanks to Thomas Clark at AnotherAngryVoice. Economics emerged as … Continue reading This Isn’t Neo-Liberalism,It’s Gangsterism Pt 1
I'll Stop Shouting At You When You Admit I'm Right It's terribly fashionable to shout these days especially into to the void that's called Online, trying make yourself heard in the Tower of Babel. I think it's an import from America and how the Right gets things done there, you know all those shouty TV … Continue reading Why Is Everyone Shouting At Me?
Why is it that we still run a national debt with interest payments when we are the monopoly issuer of our own currency and effectively borrowing back what we alone can create? The short answer is we do no such thing, the UK sells bonds so swaps one asset for another, we will issue bonds … Continue reading Why The UK Issues Bonds Mystery
Today it would seem that firemen are flavour of the month, yes heroes no less, incredibly brave men and women running into danger where any sane person is running for their lives in the opposite direction. The tragedy of Grenfell Tower, well I say tragedy I mean gross negligence, brought such bravery into sharp relief. … Continue reading Public Sector Pay: Are They Worth It?
If you’re poor and speak against rampant capitalism and greed, it’s the politics of envy. If you’re rich and speak against rampant capitalism and greed, you’re a spoiled Hollywood actor who doesn’t understand the real world. If you’re a charity and speak against rampant capitalism and greed, you should stick to addressing real problems, like … Continue reading Who Speaks For The Poor?