For some time I’ve been hammering away at the point that China’s capitalists are subordinate to the state, while in the West the reverse applies. My aim is not to counter mainstream media propaganda, predictably immense and ceaseless; upmarket no … Read More »
In his post yesterday, blogger, tax specialist and MMT pundit Richard Murphy cites a tweet by a Dr James Davies: ‘Resilience’ is a sneaky neoliberal trope. It frames, as a psychological virtue, painful endurance of circumstances from which others benefit … Read More »
For the second time this week I’m replicating a column by tax specialist and modern monetary theorist Richard Murphy. Here (lightly edited) is what he wrote yesterday. Why interest rate rises are fuelling inflation I have been suggesting interest rate … Read More »
Few alive today in the West have experienced destitution. Yes, baby boomers raised on working class streets knew the haunted look of mothers with too much week and too little money. I recall – I’d be seven or eight – … Read More »
At close of my last post but one – War over Taiwan? A gorgeous stupidity! – a “coming soon” alert promised: Three discussions which progressively widen the focus: from Alex Mercouris on Kiev’s much heralded spring counter-offensive, through Brian Berletic … Read More »
While taking on the belligerent idiocy of the Observer’s Simon Tisdall two weeks ago, I blamed his elephant-in denialism – and that of his employer and corporate mass media at large – re the existence of the US Empire. The … Read More »
I’ve been using that term so often of late I’m tempted to give it in abbreviated form. Trouble is, SSC is too close to this site’s SCS for comfort. But a shortened form is required, given that self-serving credulity is … Read More »
Humour me, why don’t you? Which of the two images below serves best as metaphor for this week’s panic in the markets? I’d say both but what do I know? Let’s just give praise to the Lord for “fact … Read More »
On his blog yesterday, Richard sets out crisp assessment of the bank’s failure. This he follows with eight take away points. So, what are the lessons? The first, and most obvious is that these bankers clearly had no clue as … Read More »
Martin Kettle being one of the less vapid Guardian columnists, when I saw his piece yesterday – under the uncontroversial title, Sunak’s job now is not about securing a Tory win, but merely avoiding an electoral disaster – I … Read More »