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.
Category: Economics
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.
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.
What a Blunder: Chancellor Kwasi Kwarteng trips up over his own ego
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.
COP26 can now be considered to have been a dismal failure
COP26 has been a dismal failure demonstrating all the bad divisions in the world and the stupidity and shortsightedness of the majority of governments. Continue reading COP26 can now be considered to have been a dismal failure
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.
Continue reading COP26 and government policies won’t necessarily stop environmental degradation
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.
No Special Relationship and No Phenomenal Trade Deals Post Brexit
There will be no special relationship and no phenomenal trade deals with the USA post Brexit that much is obvious now. The special relationship is just a sham and the phenomenal trade deals will be tailored to suit the USA to the detriment of the UK. Over the last week or so Donald Trump has shown that he simply cannot be trusted. He pulled American Forces out of Syria in what amounted to a betrayal of the Kurds and then stood by silently as Turkey took the opportunity for a land grab. Previously the Kurds had been an ally of the USA in Syria helping to fight Isis.
Next we have seen an example of the kind of special relationship that the USA has in store for us post Brexit. The imposition of a 25% import tax on a range of popular UK exports in a tit for tat trade war that has not been highlighted by the Uk’s Tory government. No wonder that they are not keen to highlight this because it demonstrates the kind of one sided trade agreements that we can expect from Trump’s USA post Brexit in the future. The special relationship seems to have been conveniently sidelined so that Trump can get his point across and Trump doesn’t like to loose. Let’s get a perspective on this Trump has been elected President of the USA on the premise that he will ‘put America first’ and that is certainly what he intends to do. The special relationship is nothing more than words, it is a sham. Trump cannot be trusted at all, he has shown this on 3 occasions in the space of only a week so why would we as the UK want to put any faith in dealing with him?
Post Brexit the UK will be in a desperate position looking for trade deals and this desperation will be exploited by countries like the USA who will see it as an opportunity rather than a mutually beneficial agreement. Trump is after all a businessman who is used to the ways of business. Not everything in business is always fair, good and proper and there are often winners and losers where business is concerned. Profiting from business often favours the more powerful protagonist. Exploitation is often a theme in business and the UK should be aware of that. Desperation and having a weak hand is not a good position to be in when negotiating.
Clumsy and Cynical Handling of the Anne Sacoolas Affair
The last example of untrustworthiness shown lately by Donald Trump was in his disrespectful handling of the parents of Harry Dunn ( the tragically killed teenager ). It appears that a meeting was set up at the Whitehouse with Donald Trump with the undisclosed purpose of actually and publicly (photographers were reportedly present at the meeting) putting the parents of Harry Dunn in the same room as Anne Sacoolas, the woman at the centre of the diplomatic controversy and the woman who is under suspicion of being implicated in the road accident that caused the tragic death of the teenager. This action of attempting to bring about this meeting against the wishes of the teenager’s parents and revealing this purpose only during the meeting between Tim Dunn and Charlotte Charles and Donald Trump seems to have been an calculated & underhand and cynical attempt to draw a line under the controversial diplomatic row going on between the UK and the USA about this matter. Rather than respect the wishes of Harry’s parents for justice to be done in the UK whereby Ann Sacoolas comes back to the UK and foregoes any diplomatic immunity to face up to the consequences of her actions: instead there seems to have been a cynical and clumsy attempt to swerve these issues and the wishes of Harry’s parents by attempting to get a meeting between the 2 parties and a quick and convenient resolution in a deceitful and untrustworthy fashion. The whole thing has the hallmark of Trump stamped all over it. This meeting and the possibility of a face to face between Harry Dunn’s parents and Anne Sacoolas would not have been possible without the knowledge and involvement of the the President. Arrangements had been made to make Sacoolas available to Harry Dunn’s parents at the time of the meeting so presumably she was in another room in the Whitehouse. The pressure put upon Tim Dunn and Charlotte Charles was quite unacceptable and unjustifiable and in extremely poor taste. I have the utmost respect for them for refusing to give into that kind of pressure at that level Quite simply Trump just cannot be trusted. Britain Post Brexit beware of what lies in wait for you!