The archive is catalogued by 'Economics', 'Politics', 'Mockingbird', 'And in other news' and 'Thoughts on other things' 

MarkGB 

"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

Martin Wolf says Corbyn's rise is disaffection with elites - he's right

In response to an FT article by Martin Wolf on 20th September 2015, entitled 'Jeremy Corbyn's leadership might shake more than Britain'

http://www.ft.com/cms/s/0/b5095ebc-5bbb-11e5-9846-de406ccb37f2.html#ixzz3mMc75CGj

Thank you Mr Wolf. Your analysis of this is in a different league to the blinkered tosh delivered by Professor Krugman. 

This is part of a global trend, and very little to with Professor Krugman's analysis. He's banging his own drum and missing the beat, as usual. This isn't about left and right, or Labour's failure to justify themselves. It's not even about their pathetic attempts to sweep their mistakes under the carpet.

Mr Corbyn's rise in the UK, ditto Mr Trump in the US, ditto the rise of 'alternative parties' in Europe, is a reflection of a global change in sentiment on the nature of, and people's relationship with, 'government' - the 'establishment', the 'status quo'.

People on both sides of the pond are fed up with the long line of brightly coloured (or not) 'consumer goods' that strut about posing as people with something real to say about the challenges they face in their daily lives and the way they 'feel' about that.

Currently there is a huge gap in the 'political market', if we can call it that, for someone to step forward who really understands this, rather than for example, someone like Donald Trump who will try to take advantage of it, and rapidly become part of the same problem as he does so. 

Politicians generally lack a number of qualities that would disqualify them from doing the job...if it was a real job that required experience and 'qualifications':

1. They don't think systemically

2. They don't tell the truth about what they see - they fit what they see into an agenda for maintaining power. People all over the world, on the left and the right, are increasingly sick of these agendas, and the snake oil salesmen who peddle them.

The wheels are starting to come off the monetary Ponzi scheme that has been run by CBs and banks for the past two decades. The wheels are also coming off the soap opera called 'government' that has being going on for far longer.

Thanks for an important article - more please.

War on cash Vol 4 - John Kay

Questioning the independence of central banks? Shame on you Mr. Sentance!