capitalism

What's going on in Ukraine?

01/03/2014

All of sudden the world's media turns its attention to the transition of power in one of Europe’s most mysterious regions extending from Eastern Poland, Slovakia,Moldova and Romania in the West, Belarus to the north and the Russian Federation to the East.

Having your cake and eating it

16/12/2013

Imagine you had a choice of three political parties. The welfare party promised better public services, but admitted it may need to increase taxes. The small business party promised lower taxes, but admitted it will need to cut public services. However the magic bullet party promised to slash taxes and boost investment in healthcare, education and transport infrastructure as well as increasing pensions and disability benefits, a sure vote-winner for the economically illiterate. The extra funds would be raised by taxing billionaire bankers and printing money.

Rebel without a cause

07/12/2013

Do you like to indulge in drugs and booze ? Surely only boring losers would abstain from the exciting social life facilitated by binge drinking, cocaine parties and ecstasy-enhanced all-night raves. Maybe you like to gamble or play first-person shooters online with your virtual friends and imaginary foes. And what self-respecting young adult would not watch hardcore horror movies and gory action thrillers? You might even enjoy rapid-fire techno music and gangster rap.

Left, Right and Plain Wrong

07/04/2013

When political analysts first chose to classify opinions on a left-right spectrum during the French Revolution over 210 years ago, the left stood up for the underprivileged working classes, while the right defended the interests of the aristocracy and the emerging class of entrepreneurs. That was long before the emergence of the welfare state, mass consumerism and the globalisation of labour markets. During the latter half of the 19th century the left became identified with socialism and the transfer of ownership

Multinational Scroungers and Tax Dodgers

10/02/2013
Just before Christmas the British media revealed some large up and coming multinational outfits had taken advantage of tax loopholes and the wonders of early 21st century globalised trade to evade taxes. Suddenly Labour supporters had a cause they could all rally behind and win support from hardworking voters rightly fed up with high taxes and shoddy services. Let's force evil Amazon and Starbucks to pay their taxes in the UK. For a fleeting second I thought we had returned to the early 1970s when the Trade Unions and Labour activists advocated import controls and high tax rates for the rich.

Italians and Greeks don't pay taxes

05/05/2012
The title is ironic and may be partly true of course as many oft-repeated statements are. The most obvious riposte in defence of small-time Italian and Greek entrepreneurs is neither do large multinationals and awareness-raising charities, pay very much tax, more on that later. The accusation serves a simple purpose, to justify the huge cutbacks in public expenditure enforced by the newly appointed governments of Italy, Greece and, to a lesser extent, Spain, while the UK continues to bankroll one of the world's most generous, intrusive and life-altering welfare bureaucracies.

All true conservatives are green

29/04/2012

I sometimes enjoy Peter Hitchens’  antidote to mainstream trendy Neo-Liberal thinking, but fear he is on some subjects in bad company and a tad ill-informed. No rational person could deny volumes of hard evidence showing the exponential rise in humanity’s collective impact on our planet’s delicate ecosystem, both in terms of our numbers (rising from just 750 million at the start of the industrial revolution to 7 billion now) and our per capita consumption.

Branding Cuba

08/11/2011
If you want to get away from the adverse effects of mass consumerism, extreme concentration of wealth, social unease and poverty, Cuba is an intriguing destination. Like in many countries your experiences can be filtered both by your cultural prejudices and expectations and by your tour operator. Many tourists just head for the beach resorts of Varadero, Cayo Coco, Guardalavaca, Cayo Largo del Sur or Baconao near Santiago.

Hedonism Ablaze

09/08/2011

What a coincidence! Just days after the US administration agreed to raise their country's debt ceiling and let the global consumption party go on for a few more months or maybe years, In London marauding mobs run riot, loot retail outlets and set commercial and residential buildings on fire. Reportedly it all started in Tottenham Hale, North East, on Saturday evening when demonstration against the police shooting of a minicab driver and alleged drug dealer, Mark Duggan, descended into violence, just four miles from my bedsit.

The Bankers are bankrupt and so are we

26/03/2011

Today over a hundred thousand demonstrators will descend on Central London to protest against cuts in public spending. I can sympathise for I've joined many similar protests defending the rights of ordinary working people and against wanton waste and wars. Why, they wonder, should ordinary people suffer because politicians and bankers have wasted billions on wars and billionaire bankers continue to reward themselves huge bonuses? Unfortunately many have misdiagnosed the problem.

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