It’s time to drive the final nail into the coffin of laissez-faire capitalism by treating it like the discredited ideology it inarguably is. If not, the Dr. Frankensteins of the right will surely try to revive the monster and send it marauding through our economy once again.
…
We’ve got to do everything we can to make […]
Entries Tagged as 'Economics'
Laissez-Faire Capitalism: Is it over, yet?
February 3rd, 2009 · 56 Comments
The UK strikes are not xenophobic
February 1st, 2009 · 107 Comments
Do we defend globalisation, with its laissez-faire allowance of the exploitation of cheap mobile labour (see the construction workers shipped in with no rights and horrible pay to work on the building projects in Dubai for an extreme example), because of a liberal hang-wringing urge to shout about racism and xenophobism?
This is not nationalism, it […]
Banks and Debt: Current State of Play
November 3rd, 2008 · 1 Comment
Our government is doing what it does best: farming off national interests to privately run enterprises. The new “UK Financial Investments Limited” company formed by the Treasury to look after the interests of the Royal Bank of Scotland, HBOS and Lloyds TSB will be headed by Sir Philip Hampton, the former finance director of, er, […]
$700 billion handout for willful ignorance
September 23rd, 2008 · 1 Comment
You know, it’s crazy. I used to work for one of the big investment banks. In fact, I was actually in their Risk IT department - we built the systems they used to evaluate risk on their investments. These banks ploughed a lot of cash into building these kinds of systems, employed some very smart […]
