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March 07, 2013



There are no more heros anymore.
They watched thier Rome burn.

i.e. Fiddling while Rome burns...

"To occupy oneself with unimportant matters and neglect priorities during a crisis."

Just as the Labour leadership claim others values as thier own and then debauchs those values.

Devaluing the currency of radicalism.

Ed Milliband is not a radical.

Ed Milliband advocated all the policies he is now disowning including the accession eight country immigration.



Circular economic arguments.

1. GDP includes housing costs !
(Increased housing costs are positive for GDP)

2. No Landlords are not driving housing costs, it is the banks who operate a ponzi scheme increasing housing costs and therefore GDP.

GDP is useless as an economic metric. The banks are too powerful and this does need to be addressed.

Ignoring Immigration and social changes.

Housing costs are about the redistribution of wealth to the owners of assets (Banks and Landlords) through rent seeking and driven by ponzi asset inflation.


Agree entirely with this post.

I think though there has been some acknowledgement that concentration of power is a problem in banking, in the discussions of attempts to increase shareholder power relative to the managers, to separate retail and investment banking, and the better matching of manager incentives with societal and shareholder benefit.

All pissing in the wind, of course.


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