Category Archives: Reclaim the State

Employers lying about the flat wages growth in Australia

Last Friday (February 8, 2018), the Reserve Bank of Australia issued its latest – Statement on Monetary Policy – February 2018 – which in its own words “sets out the Bank’s assessment of current economic conditions, both domestic and international, … Read the rest of this entry »

Posted in Labour costs, RBA decisions, Reclaim the State | 2 Comments

Social democratic politicians continue to walk the plank – into oblivion

It is Wednesday, so only a snippet of a blog about a few things that caught my interest recently. Words have meaning and concepts have meaning. That is, until you are a social democratic politician in Europe. Then meaning goes … Read the rest of this entry »

Posted in Eurozone, Music, Reclaim the State, UK Economy | 46 Comments

The IMF and the Germans wreaking havoc in Northern Africa

Some years ago, I started collecting information about the so-called Maghreb countries, which typically refers to the region spanned by Algeria, Morocco, and Tunisia, although sometimes Libya and Mauritania are also included in the aggregation. You will find it referred … Read the rest of this entry »

Posted in Eurozone, Fiscal Statements, IMF, Reclaim the State | 9 Comments

British Labour remainers – the reality seekers bogged down in myth

This is my Wednesday no blog day. I am working on various written pieces today. But I did stray on some anti-Brexit material overnight (thanks to all who sent it through), which shows how far the British Labour Party has … Read the rest of this entry »

Posted in Music, Reclaim the State, UK Economy | 10 Comments

Planning public works – history has a lot to say if we listen properly

A few weeks ago, in my three part series answering questions about Modern Monetary Theory (MMT), I addressed the issue often raised about the fiscal policy emphasis in MMT, that it is difficult to time government spending injections to match … Read the rest of this entry »

Posted in Debriefing 101, Fiscal Statements, Job Guarantee, Reclaim the State, US economy | 19 Comments

A breakthrough in France as a Jazz Freedom Fighter dies

My Wednesday commitment not to write a detailed blog remains. But given the sad news yesterday from South Africa I thought some nice music should be shared and some news from the French press. So not really a blog but … Read the rest of this entry »

Posted in Admin, Music, Reclaim the State | 7 Comments

The GFC only temporarily interrupted the trend towards rising inequality

The UK Guardian Editorial ran a sub-header yesterday (January 21, 2018) “Democracies will fall under the spell of populists like Donald Trump if they fail to deal with the fallout of globalisation?”, which I thought reflected the misunderstandings that so-called … Read the rest of this entry »

Posted in Reclaim the State | 10 Comments

Renationalisation – when self-promoted genius becomes plain lame

There are times when so-called progressives outdo themselves with their (usually self-styled) ‘genius solutions’ to the ravages of neoliberalism. They come up with elaborate ‘solutions’ that people on the Left get feverishly excited about yet fail to see how obviously … Read the rest of this entry »

Posted in Britain, Economics, Fiscal Statements, Reclaim the State, UK Economy | 17 Comments

An MMT response to Jared Bernstein – Part 1

There was an article posted by American political analyst Jared Berstein yesterday (January 7, 2018) – Questions for the MMTers – which I thought was a very civilised exercise in engagement from someone who is clearly representative of the more … Read the rest of this entry »

Posted in Debriefing 101, Reclaim the State, US economy | 23 Comments

The path out of the low wage trap is limited by fiscal austerity

During my postgraduate study years I read a 1954 article by American economist Clark Kerr entitled – The Balkanization of Labor Markets – which attacked the mainstream labour market views that there was mobility within labour markets such that poverty … Read the rest of this entry »

Posted in Eurozone, Future of Work, Job Guarantee, Labour Force, Reclaim the State | 15 Comments