Category Archives: Economics

The tragic death of Martin Walker: a Hackney Dustman

I first met Martin in 1977 when I was foreman plumber at the Defoe Road depot in Stoke Newington, Hackney. He was a plumbers mate on my team. He wasn’t a skilled man but he was essential to us plumbers … Continue reading

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The Meaning of Wealth

“The great weakness of the West is that it has nothing with which to inspire loyalty except wealth. But what is wealth? Another washing machine, a bigger car, a nicer house to live in? Not much to feed the spirit … Continue reading

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George Osborne, VAT and Conservative Extremism

On 4th January next year (2011), the main rate of VAT will rise from 17.5 to 20 per cent…. This single tax measure will by the end of this Parliament generate over £13 billion a year of extra revenues. That … Continue reading

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‘100,00 Roofs’: Germany’s Green Energy Policy

“Germany’s….’100,000 roofs’ programme to encourage residential and industrial investment in the technology… kicked the solar PV industry into high gear, and Germany grew its solar PV capacity from just 62 MWs in 2000 to over 24,000 MWs by 2011. This … Continue reading

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George Osborne, child benefit and the Conservative hard-right 2010-7

Hard-right chancellor of the exchequer George Osborne (2010-6) used the 2008 financial crash to reduce some British welfare payments. His ideological austerity programme was combined with political pragmatism. Child Benefit, which is paid to mothers as a tax free sum, … Continue reading

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American capitalism at its amoral best

You can buy prison-cell upgrades in California for $82 a night and purchase the right to immigrate to the United States for $500,000. Susskind, Richard; Susskind, Daniel. The Future of the Professions: How Technology Will Transform the Work of Human … Continue reading

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Tempest

The murderous whaler ship Sally Jane stank… As only a whaling ship can! Its cavernous hold The deck winch greased and ready Blubber pots waiting below. Hard sailors signed on to profit share Whittled and bickered The long days out … Continue reading

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