Category Archives: Economics

Is the USA turning into a third world country?

In 1980, adults in the top 1 percent earned on average 27 times more than bottom 50 percent of adults. Today they earn 81 times more. This ratio of 1 to 81 is similar to the gap…. in the world’s … Continue reading

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Sajid Javid: Son of an Economic Immigrant

Preface Sajid Javid is a Conservative politician and the British Home Secretary as of October 2018. His principal responsibilities are internal security, the police, prisons and immigration. Conservative immigration policy is therefore his policy. That policy is that only highly … Continue reading

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Some banks who wrecked the world economy

Britain: 2009 In Britain, the most egregious case was RBS, a now majority state-owned bank that announced in February 2009 that it intended to honour £1 billion in bonus contracts.1 2012 The Barclays chief executive, who was paid £18 million last … Continue reading

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Football Review: Dagenham and Redbridge vs. Chesterfield Saturday 15th September 2018

Dagenham (‘Redbridge’ is silent amongst hard core fans) have had a torrid 2018. The principal sponsor and benefactor withdrew support and with very poor crowds (a home crowd of about 1000 + away support) and mounting debts it looked like … Continue reading

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Britain’s incoherent drug laws

The British government’s rhetoric about drug use is facile. Heroically misplaced aspirations are paraded with the premise that positive action will be decisive. A so-called Drug Tsar was appointed as long ago as 1998. Why, one wonders, would a British … Continue reading

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Paying for blood: a good thing?

Only countries that pay for plasma are self-sufficient in it. (Italy where donors are given time off work, is close to self-sufficiency.) Half of America’s plasma is shipped to Europe- 20M contributions worth. Canada imports 80% of its plasma products … Continue reading

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John Kenneth Galbraith’s Wealth and Poverty (1963)

“The modern conservative… not even especially modern… is engaged… in one of man’s oldest, best financed, most applauded, and, on the whole, least successful exercises in moral philosophy. That is the search for a superior moral justification for selfishness….Social Security … Continue reading

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