The absence of a property tax helped to create the illusion of a “tiger” in Europe. Ireland was on a roll…until property prices collapsed and took down the nation’s banks. Now, the Government claims Ireland is on the path to recovery – having driven 87,100 people out of the country last year, the young desperately […]
How the West wants China to self-destruct
How can the West stop post-communist China from challenging the global hegemony of the US, and from further demolishing the productive capacity of Europe’s economies? Reform proposals urged on China’s leaders in the current edition of The Economist (the influential London economics magazine) provides the master plan for causing China to self-destruct. The Economist is […]
Washington Brews Deadly Narco-Taxes
The Washington deal that restarts American governance for three months is one small episode in the history of a crazed system of High Finance that is steadily destroying the economies of the trans-Atlantic nations. At the heart of the crisis is taxation based on a brew of philosophical schizophrenia,social divisiveness and political deception. Is it […]
Organic Finance and the Servant State
The nation-state is a monster. That is why most Americans want “small government”. People resent the intrusive power of the state, but are overawed into submission. This acceptance is ridiculous, one indicator of cultural immaturity. Democracy has not provided the solution (as Egyptians have now discovered). But there is a fatal flaw in the constitution […]
How Democracy Can Trap Us
The overthrow of Egypt’s democratically elected leader – he received a majority of votes, which is more than can be said for most western governments – has left the doctrine of democracy in a mess. Tyrants are gleeful. Now is the time to define the authentic conditions under which a democracy can flourish. That must […]
How to Decode the Depression
To understand the mechanism that drove the global economy into depression, substitute “land” for “housing”. All the analyses refer to housing crises around the world, and the related financial symptoms like the sub-prime mortgage racket. But these terms are intended to disguise the site of the problem – the way in which we make money […]
While Presidents Fiddle in the White House…
Flat-earth economics, as taught in America’s universities, will exercise a fatal influence over the fate of the United States as today’s super-power manoeuvres in response to the shifting structure of global power. How the misdiagnosis shapes political and diplomatic perceptions may be seen from the conclusions in a new analysis offered by two American scholars […]
Populism Strikes the Politicians
Across Europe, politicians are enduring the wrath of people who are being made to pay the price for the dereliction of duty by the elites. The only justification for their exercising power is their superior ability to manage the affairs of state. That doctrine has been exposed as vacuous. The test for their capacity to […]
Why We Bash the Bankers
Sir Mervyn King, Governor of the Bank of England, wants us to stop demonising bankers. But what would be the consequences if people could not vent their frustrations on a few scapegoats? Bankers have served as one of the social system’s safety valves. Communities have been wrecked and lives destroyed by the Depression of 2010, […]
China: Rent-seeking in the Making
It happened in Europe in the 16th century. It happened in Russia in the 1990s. And now it is happening in China before our very eyes – the predatory rent-seeking culture being incubated to divide a nation between rich and poor. But the game is not yet up for China. Can the Politburo pull off […]