Category Archives: Economics

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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‘100,000 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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 Outlines of a Critique of Political Economy, published in 1844: Friedrich Engels

“Malthus, the originator of this doctrine, maintains that population is always pressing on the means of subsistence; that as soon as production increases, population increases in the same proportion; and that the inherent tendency of the population to multiply in … Continue reading

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Thomas Malthus and The Andover Workhouse Scandal 1845-6

Deuteronomy 15:11 “There will always be poor in the land. Therefore I command you to be open handed…. Mark 4:25 For he that hath, to him shall be given: and he that hath not, from him shall be taken even … Continue reading

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The Bow and Arrow Pub, Harold Hill

Those who have read my blog on the Pompadours pub (aka the “Flying Bottles”) may have got the impression that all of Harold Hill was a nest of malcontents, vicious thugs and criminal with no moral compass. This is not true. … Continue reading

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A Spanish Wage-Slave

“Carlos Recio was appointed Head of Archives in March 2006,” a Council spokesperson told reporters in Valencia, “to work as the chief bibliographer. However, a recent investigation confirms that he has never shown up for work since that date, never … Continue reading

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Cold and Alone

The beginning of December To the finish of February Three months of winter Besets England each year. In the coldest weather Each exhale, mists the air As do gas fumes From gas boilers. Those lucky enough To be able to … Continue reading

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