Kwasi Kwarteng is clearly a believer in animal spirits, or more specifically, the animal spirits of the UK private sector. The term ‘animal spirits’ was used by the economist J. M. Keynes to describe the spontaneous forces of vitality that drive human action. Apparently these animal spirits have been held back by too much taxing and … Continue reading Animal Spirits, Taxing and Borrowing — Editorial
Thatcher
The Anarchy of Production
By Gwydion M. Williams Most of the Cold War was fought by the West in defence of the Mixed Economy. Many of its defenders would have denied that the Mixed Economy was even capitalism. Rather more agreed it was capitalism, but an improved Mixed Economy Capitalism. Something that worked much better than the capitalism that caused … Continue reading The Anarchy of Production
Newsnotes
Notes on the News By Gwydion M. Williams Did Russia Invade To Stop Kiev Overrunning the Donbass?The G7’s Proxy WarGeorgia Not Fighting to the Last GeorgianBritish Rail and the Imaginary MarketThe End of Thatcherism?China’s Mixed Economy Did Russia Invade To Stop Kiev Overrunning the Donbass? Western media speak of ‘Russian Disinformation’. But not this particular Russian claim. Which … Continue reading Newsnotes
Let’s Avoid a 1970s Rerun
The TUC have called for a large demonstration in London on June 18th in the face of the cost of living crisis. “Working people have had enough. Everything’s going up but our wages. Join the trade union movement in London to tell this government: we DEMAND better!” reads the TUC blurb. They are right and a massive … Continue reading Let’s Avoid a 1970s Rerun
The Destruction of Local Authorities as Housing Providers
LABOUR AND HOUSING – Part 7. The destruction of local authorities as housing providers. By Eamon Dyas Determining the economic discourse. The previous article in this series showed how building societies and banks were incapable of supplying mortgages on the scale required by the Tory Government’s 1979 Right to Buy scheme. It explained how local councils … Continue reading The Destruction of Local Authorities as Housing Providers
Notes on the News
Notes on the News By Gwydion M. Williams Disgusted With Capitalism, Terrified of Socialism Burning Bridges With China Ukraine – Arming the Useful Idiots “Let The World Suffer, Unless India and China Stay Low” Pay Less, Care Less Snippets A False Meritocracy Life, Liberty and the Avoidance of Happiness Communist Subversion in the 1950s Chinese … Continue reading Notes on the News
Heseltine on Privatisation
From Socialism to Popular Capitalism: ‘the revolution where everyone is a winner’. The destruction of both British industry and council housing was a deliberate policy to get away from what Thatcher and Heseltine saw as socialism, the excessive influence of the state on the economy. They saw this as their crowning achievement. Extracts from: Where there’s a Will, … Continue reading Heseltine on Privatisation
Labour and the Housing Crisis – Part 3.
Council housing, the welfare state and local democracy By Eamon Dyas “The Welfare State is a form of government in which the state protects and promotes the economic and social well-being of the citizens, based upon the principles of equal opportunity, equitable distribution of wealth, and public responsibility for citizens unable to avail themselves of … Continue reading Labour and the Housing Crisis – Part 3.
Labour Affairs 