Category Archives: Economics

Alexey Stakhanov: the most famous coal miner in history

  Stalin introduced a whirlwind of industrialisation in a series of Five Year Plans beginning in 1928. These plans centralised control of every part of industrial production. Every mine had productivity targets which had to be met or exceeded. This … Continue reading

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The Nasty Party

The Tories don’t care Pile on the misery, some more Universal credit, payment delays Well that’s just – how it is. They can force you into work Doesn’t matter if its zero hours Doesn’t matter if it’s at the minimum … Continue reading

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Tourism in a finite world: London 2018

The British invented organised tourism in the 18th century. The Grand Tour was tourism for aristocratic young men. They were supposed to expose themselves to European influences and culture before settling down. Many young aristocrats brought European architectural ideas back … Continue reading

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Politics today

People might be forgiven for thinking the world is going to hell in a hand cart. Just what has happened to compassion, kindness, sympathy? Perhaps, before  Donald Trump carries out his threat, to cut millions of dollars in aid, because … Continue reading

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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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