The Pyramid of Power

Democracy. A Greek word (demos + kratos) that means “people power”. The idea of government by the people for the people has taken hold around the world because it sounds like a fair and peaceful way to organise our collective effort. But so far we’ve made a pretty poor fist of turning the idea into…

Democracy 2.0

“My vote never makes any difference,” is the universal complaint, and one that’s hard to argue with given the crude way that we currently do democracy. But instead of complaining we need to do something about it. We will never reach our destination of Universal Sustainable Prosperity until we devise a better way of making…

The Fiddlers’ Rally

Nero’s performance on the roof of his palace while Rome burned around him was not recorded for posterity. We have no idea what tunes he played or if he had any talent as a musician. The current leaders of the world will not be so fortunate if our species, two thousand years hence, is blessed…

For Those Who Still Don’t Get It . . .

… THE GOVERNMENT DOESN’T NEED TO TAX OR BORROW TO PAY FOR THE NHS, OR FOR ANYTHING ELSE, EVER! (sorry for shouting but some people really haven’t been paying attention and this is very, very important). Once again, this is how it works. When the government spends, it spends new money. This new money is…

The Armchair Inflation Fallacy

“Zimbabwe.” That’s the favourite one. Sometimes backed up with “The Weimar Republic.” Galloping inflation. That’s what you get when the government prints money. Swiftly followed by economic collapse. Guaranteed. Anyone with half a brain knows that. When armchair economists are finally forced to admit that there is a magic money tree, which government can use to…

Labour Needs To Tell The Truth About Tax

If the UK has another general election this year (or next) Jeremy Corbyn’s Labour Party will lose. Again. In their euphoria at outperforming everyone’s expectations in the election just past Mr Corbyn and his merry crew appear to have overlooked the fact that they polled the best part of a million votes fewer than the…

Pressing The Red Button

This topic is outwith the usual scope of this blog but last night’s BBC Question Time Q&A has me wondering how many of us understand how a nuclear deterrent is supposed to work. During the Q&A there was some hostility to the idea that a putative Prime Minister (Jeremy Corbyn) wouldn’t “have the guts” to…