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…

The Magic Money Tree

Last night in a debate hosted by the BBC Amber Rudd (Home Secretary of the current UK government, Conservative, desperately scrabbling to win a general election that she thought was in the bag on the day it was announced) repeatedly accused Jeremy Corbyn (current leader of the opposition, Labour, getting dangerously close to making fools…

A Breath Of Fresh Air

A year ago I wrote that “Labour’s *New* Economic Strategy Makes Me Want To Scream”. With frustration, that is, not delight. Last November John McDonnell, Labour’s shiny new shadow chancellor, was telling us that diversification, innovation and public investment were going save us from the dead-end of Tory austerity. Mr. McDonnell appeared to be as…

Two Cats Fighting Over A Dead Bird

For most of the last 30 years it looked like socialism had been soundly beaten by its old adversary, capitalism. From the mid 1980s when Margaret Thatcher’s second government defeated Britain’s striking coal miners, until around 2009 when the extent of the banking crisis had sunk in, free-market capitalism was the only game in town.…

Corbyn v. The Deficit Dimwits

Jeremy Corbyn’s unexpected leap to the front of the Labour Party leadership race has inadvertently created a modern miracle: it has united every organ of the mainstream media from the Guardian to the Telegraph, and every politician to the right of Dennis Skinner. They all agree that his plans for the economy are bonkers. If…