Category: Economics

Backward thinking Donald Trump won’t make America great

Backward  thinking Donald Trump won’t make  America  great again. Quite the opposite  he has relegated America to become  a second rate nation without significance and without a role to play in the modern world.

MAGA  is a phrase not worthy of the Trump government.  Once America  used to show  the way for the rest of the world  to follow but now it shows the world what not to do like electing a power crazy leader who is Backward thinking on issues like the environment, world trade and resolution of world’s major conflicts. He has colluded with the greedy jews to hatch a plan to turn Gazza into a desirable real estate for the greedy Jews whilst ethnically  cleansing the area of Palestinians.

Under Trump MAGA is just bullshit

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AI- Why Humans must fight back

The companies developing Artificial Intelligence (AI) are mainly interested in profit and ways to reduce the workforce. If they see an opportunity to replace a Human with a robot they will. If a task that a human currently  does can be done by AI they will make it. Companies are falling over backwards for this kind of opportunity to maximise their profits. Greedy capitalist enterprises are always seeking new ways to decrease their workforces. Venture Capitalists in companies such as Uber would willingly  invest in driverless  vehicles for example if it meant a healthy profit. And the companies developing AI will certainly deliver the product to anyone willing to invest in their  technologies. They will do this without any ethical considerations or conscience.

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How to tackle the ‘Cost of Living Crisis’

How to tackle the ‘Cost of Living Crisis’. Well the first obstacle is to remove the Tory Government because  they are not equipped, ethically  or ideologically, to deal effectively  with the ‘Cost of Living Crisis’. In fact many of their policies have contributed to this situation. The legacy  of Thatcherism is also a contributory factor. The current  situation  of having our Energy and other utilities  in the private sector is a major factor contributing to the high levels of Inflation that we are seeing. These Energy  Providers  have just got increasingly  greedy and any attempts  to moderate this by Tory  Government  Policies has been ineffectual.

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Prime Minister Liz Truss’s mistakes have cost approximately £30bn for which she is sorry

Prime Minister Liz Truss’s mistakes have cost approximately  £30bn for which she is sorry: but is that good enough? Well no it’s frankly not. It is incompetence and when people are incompetent they must go. She looks beleaguered and bereft of any ideas. She has to go now.

Is saying sorry enough?

Liz Truss is incompetent and not up to the job. She is profoundly  sorry that her personal mistakes and misjudgements have cost the UK economy approximately £30bn and mortgage payers individually additional  hundreds of pounds extra each month. However she is not personally culpable  alone. She was elected by the Conservative  Party who believed in her fantasy economics and elected her to be their leader and consequently the country’s  Prime Minister.  So this also shows poor judgement  by the whole Conservative  Party  who are also responsible  for this fiasco. If this was really the best candidate that they could muster then they really are bereft of any kind of political  talent at all. If Truss has to go then so to do the Tories  need to go in the national interest.

Consiser this

If I had cost my employer £30bn do you really believe that I would still be in that job role? Of course not. Will sorry go far enough to cover a £30 bn loss to the economy and cover the increased personal costs to people’s mortgages? If so then sorry and forgiveness goes a long way indeed.  Trusenomics is dead. Liz Truss showed poor judgement and now lacks any credibility as Prime Minister. It’s  certainly  no longer in the national interest to have this failed and incompetent individual  as Prime Minister. She lacks credibility, authority and insight: she must go.

Price Cap: My Arse

There is no EnergyPrice Cap. No meaningful intervention  and no controls and certainly  no regulating body. Price Cap: my Arse. Energy  companies  and utilities are setting any arbitrary  prices that they like without intervention from this useless Tory Government. Energy companies  and utilities  can basically  charge what they want and over inflate their greed and profiteering  at the same time. Only the threats of re- nationalisation can rein them in now.

It is widely expected that the Bank of England will raise interests rates today : why is this wrong to do so?

This post has been made in response to Kevin Peachey’s article that appeared today on the BBC’s App and website  https://www.bbc.co.uk/news/business-57764601  .It is widely  expected that the Bank of England will raise interest rates today in order to tackle Inflation. This is a very predictable text book response to Inflation and seen by many as the preferred method  to tackle  Inflation. The BBC has inferred  that this Inflation is as a result of the lack of goods in the Economy after the Pandemic. From what I remember of the Pandemic is wasn’t goods availability that was problematic it was just that there appeared to be a shift away from people actually going to get goods to a situation whereby goods were being mainly ordered and delivered. Sure enough there was some drop in production but this didn’t impact greatly on availability. There was however more of a drop in services in that sector of the Economy.  However today all I ever see down our street and on our estate is loads and loads of delivery vans constantly  shuffling about and delivering goods to people’s  homes via Amazon and DPD to name but a few. Also I myself  have ordered much since the Pandemic  ended and have enjoyed taking advantage  of one day delivery schemes. So when the BBC state lack of goods as a cause of this current period of Inflation , I simply have to  laugh. I have never recently gone onto the Internet and Amazon, in particular, where I remember being informed that the goods that I wished to order were out of stock. This has been my recent experience.  So where is this shortage of goods driving this Inflation? It simply does not exist but has become an easy  scapegoat to avoid the real finger of suspicion.

The real cause of Inflation is the greedy energy and utilities  companies hiking up profits and disguising these as pass on costs.

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COP26 and government policies won’t necessarily stop environmental degradation

COP26 and government policies aren’t  necessarily  going to stop environmental degradation instead focus should equally  be falling on individual  responsibilities and the activities  of businesses.  The activities  of these aren’t  necessarily  going to be directly influenced  by either the decisions  of COP26 or government  policies resulting from this conference.

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The stench of BRITISH privatisation is becoming evident in the run up to COP26

The stench of British  privatisation is becoming evident in the run up to COP26. Government ministers  are running for cover and attempting to hide under stones after a Government motion was defeated which would have forced the private water companies to clean up their act. However what happened was actually very embarrassing for the government because the bill  was defeated which actually  looked liked a huge endorsement for the behaviour of the private water companies and a signal that it was OK to keep discharging untreated sewage in the rivers of Britain  and into the seas around the UK. This is a huge embarrassment to the government in the run up to COP26. Again it is a stench resulting  from the privatisations of the water companies  pioneered by previous Conservative governments.

It appears that ministers voted on the matter in the way that they did mainly  because of huge investments in the infrastructure that would be needed to update the antiquated system currently  in place. Cost in this case was prohibitive to improving and maintaining the environment  so the choice preferred was to continue to pollute and degrade the environment.

So why haven’t these private companies  been investing in making these improvements themselves and why are they still reliant on funding from the government  and the tax payers? What has gone wrong with privatisation? Surely  the idea of privatisation was to become independent of the tax payer and yet these companies  still manage to bother the tax payers to subsidise their profiteering  enterprises.

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