Category: Blog
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Corporate banking transparency let’s us take back control
28 October 2024 To avoid any conflict with shareholders, corporate managers and employees are required to leave their values at the door and maximise profits. This fiduciary duty is an absolute legal priority, a singular and exclusive focus on their own self-interest that corporations only share with sociopaths. Joel Bakan’s The Corporation explains this really…
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What’s missing from this World View?
It is always possible to add more detail, so feel free to nominate something to remove which you think is less salient in society than what’s missing.
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How to save hundreds of billions of pounds
To control inflation, central banks raise interest rates. The 5% increase since November 2021 has seen UK debtors pay a ballpark £450 billion in higher interest payments, worth about 20% of annual GDP. The banks keep a chunk and the rest goes to their clients, with taxes collected along the way. The average UK saver…
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Free markets work; free trade only benefits tyrants
Steinbeck’s The Grapes of Wrath made me realise that the social and moral context of economics matters and that a novel is a great way to explore it. When I wrote the first draft of Creative Destruction in the late 1990s, the social collapse that triggers the novel was scheduled for a distant 2033. It went…