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…

This Is Not Democracy

We need to stop pretending that our pathetic attempt at democracy is in any way fit for purpose. The spectacle of the next Prime Minister of the UK being elected via television gameshow is merely the most ridiculous manifestation of a system of government that has long since given up any pretence of representing the…

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…

Universal Sustainable Prosperity

The 2019 Institute for Public Policy Research Economics Prize posed the question: “What would be your radical plan to force a step change in the quality and quantity of the UK’s economic growth?” This was my response.   Growth For Growth’s Sake? I like your question. The quality of economic activity is habitually ignored by…

The Lesson Of Brexit

Brexit is an object lesson on the folly of blind enthusiasm. We had the gung-ho Brexiteers (Farage, et al) who could see no further than the demonisation of Johnny Foreigner and his dastardly European project. No word of what breaking free from the EU might actually entail. Then we had the shiny-faced boys at the…

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…