Category Archives: Politics

Purely personal reflections on the state of politics.

British Labour Party surrenders … back to its Monetarist roots

Last week, the shadow British Chancellor, John McDonnell confirmed that the British Labour Party under Jeremy Corbyn will not be part of a progressive realignment of the public debate regarding fiscal policy. By that I mean, they have chosen, probably … Read the rest of this entry »

Posted in Britain, Politics, UK Economy | 56 Comments

The demise of French greatness and the European Left

The GFC clearly, in my view, demonstrated that the political positions held by both the left- and right-wing governments in the West with respect to economic policy were untenable. Both sides of politics in each major and country adopted versions … Read the rest of this entry »

Posted in Demise of the Left, Eurozone, Politics | 10 Comments

European Left face a Dystopia of their own making

Last week, I re-read an article from May 1, 2012 by Abraham Newman – Austerity and the End of the European Model – that was published in Foreign Affairs. The article carried the sub-title “How Neoliberals Captured the Continent”. The … Read the rest of this entry »

Posted in Economics, Eurozone, Politics | 19 Comments

The tale of two nations – democracy dies in Portugal and lives in Canada

The tale of two nations – two monetary systems – two continents – Canada and Portugal. It is reasonable to assume that when voters in so-called free democracies elect members to their parliaments who then freely coalesce across ‘party’ lines … Read the rest of this entry »

Posted in Canada, Eurozone, Politics | 13 Comments

Jeremy Corbyn is breaking down the neo-liberal Groupthink

It has been an interesting period watching the various ruses that conservatives are bringing to bear to attack Jeremy Corbyn and, somewhat unrelated, try to justify why the US Federal Reserve Bank should be raising interest rates. I will deal … Read the rest of this entry »

Posted in Politics, UK Economy | 24 Comments

Friday lay day – when governments act outside the law they just change the law!

Its my Friday lay day. This week I have written a few (very) long blogs on what I consider to be significant topics. I have been writing on topics that have a direct bearing on what is happening within the … Read the rest of this entry »

Posted in Climate change, Eurozone, Friday, Politics, UK Economy | 10 Comments

Mitterrand’s turn to austerity was an ideological choice not an inevitability

As background research to one of my book projects I have been reading a recent biography of François Mitterrand by Philip Short. Its title “Mitterand: A Study in Ambiguity” points to the capacity of Mitterand himself to blow with the … Read the rest of this entry »

Posted in Eurozone, Friends like this, Politics | 16 Comments

Correcting political ignorance and misperceptions

Apparently, voters hate fiscal deficits, associate them with squander and want them to be cut, so that nations can live within their means. Any attempt to run foul of that essential wisdom will come to grief. So all you ‘left’ … Read the rest of this entry »

Posted in Politics, UK Economy | 25 Comments

Jeremy Corbyn must break out of the neo-liberal framing

Two articles in the UK Guardian this week summarise what is going on with the British Labour Party at present. The first (August 3, 2015) – Jeremy Corbyn’s supporters aren’t mad – they’re fleeing a bankrupt New Labour – refutes … Read the rest of this entry »

Posted in Economics, Politics, UK Economy | 32 Comments

British Labour must escape from its austerity lite prison

I imagine we have all been keeping an eye on the evolving sham that is the British Labour Party election contest. When former leader Tony Blair, who will be forever remembered as being George Bush’s ‘poodle’ when he took Britain … Read the rest of this entry »

Posted in Economics, Politics | 43 Comments