The archive is catalogued by 'Politics', 'Economics', 'Mockery', 'In other news' and 'On other things' 


"Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world" - Henry Kissinger

and yet...

"Sooner or later everyone sits down to a banquet of consequences" – Robert Louis Stevenson

Market economy...what market economy?

In response to an FT article by John Kay on 12th May 2015, entitled 'Good corporations should drive the economy'

"The political and social legitimacy of the market economy, and of the corporations through which it functions, cannot simply be asserted — as it has been in the market-fundamentalist rhetoric that has dominated economic policy for the past three decades"

To avoid being rude, I think I must say that I live on a different planet to you Mr Kay. The one I live on has had its free markets perverted by 'bought and paid for' politicians, governments who buy votes with promises they can't keep, a monetary politburo known as 'the Fed', and a cabal of investment bankers who've turned the market into a casino.

We don't have market economics or capitalism on my planet Mr Kay - we have cronyism and socialism for the rich. On my planet I still hope for a truly free market economy, under the rule of law. This offers many of the benefits you are espousing, but with one difference - it isn't created by politicians, defined by control, and subject to the manipulation of elites; it is created by people, defined by freedom and subject to the rule of law.

The wisdom of Mario Draghi

Christine Lagarde takes the high ground - and misses the point