tag:blogger.com,1999:blog-22403989.post2286527463246225724..comments2024-01-18T10:54:54.459+00:00Comments on Iain Macwhirter Now and Then: High pay equals low growth.iain macwhirterhttp://www.blogger.com/profile/14486911281896217461noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-22403989.post-4916031558206580922017-01-09T17:10:27.757+00:002017-01-09T17:10:27.757+00:00This is one of the highly informatics and attracti...This is one of the highly informatics and attractive blogs that has not only educated also informed me in a very effective manner. There are very few blog like this one I have read.voyance par mail en lignehttp://www.mon-site-voyance.comnoreply@blogger.comtag:blogger.com,1999:blog-22403989.post-46733474135405800492011-12-01T19:38:30.453+00:002011-12-01T19:38:30.453+00:00"sucking the vibrancy out of the economy and ..."sucking the vibrancy out of the economy and depressing growth."<br /><br />Economic growth has been memorably described as 'money cancer'. There's plenty of authoritative writing on the lethal danger of exponential growth - the economic orthodoxy is a scientific impossibility. Most people (in Scotland?) will substantially agree with the gist of what you've written here, but many like me will fret at your casual assumption that economic growth is desirable. Tomorrow, growth will be yesterday's folly. Get with the arithmetic, Ian.<br /><br />http://physics.ucsd.edu/do-the-math/2011/07/galactic-scale-energy/<br /><br />@edward<br />'The Spirit Level' was recommended to me recently - must get it.Vronskyhttps://www.blogger.com/profile/17797785918817375436noreply@blogger.comtag:blogger.com,1999:blog-22403989.post-40644534489016996952011-11-25T21:22:12.117+00:002011-11-25T21:22:12.117+00:00@ Ian Innes
Try this.
Where Does Money Come From...@ Ian Innes<br /><br />Try this.<br /><br /><a href="http://www.neweconomics.org/publications/where-does-money-come-from" rel="nofollow">Where Does Money Come From?</a>cynicalHighlanderhttps://www.blogger.com/profile/06034325908473006163noreply@blogger.comtag:blogger.com,1999:blog-22403989.post-20604397952474708952011-11-25T12:57:51.449+00:002011-11-25T12:57:51.449+00:00Could someone explain to me 'what is the role ...Could someone explain to me 'what is the role of money in a society ?'Ian Innesnoreply@blogger.comtag:blogger.com,1999:blog-22403989.post-54713331412118088582011-11-23T11:51:02.949+00:002011-11-23T11:51:02.949+00:00In support, Iain, can I emphasise that inequality ...In support, Iain, can I emphasise that inequality is at the heart of the issues here – and not necessarily the scale of any particular individuals income. The superb research by Wilkinson et al in ‘The Spirit Level’ demonstrated beyond a reasonable doubt, on an international comparative basis, of the link between levels of inequality and levels of discontent and ill health in any given country. A telling finding was that countries like Denmark that are materially ‘poorer’ than the UK, have significantly better outcomes in terms of personal wellbeing and health. i.e in human life terms Denmark is actually the richer one.<br /><br />I do judge that the ground rules are now changing on the discourse on all of this. I hear Prof Standing speak at the Glasgow Centre for Population Health event in the Lighthouse last night on ‘The Precariat – the dangerous new class’. I did not find all that he said to be convincing (much too dismissive of the growing issue of the ‘sqeezed middle in the USA and UK for one thing). But he was very strong on the world-wide phenomenon of a destabilised and rootless workforce with ‘no human memory’, and with the status of denizens rather than citizens. He warned that any one of us now can fall into that void. A void deliberately brought about by Friedman, Kayek and all those other proponents of the new order.<br /><br />My own reading is that the huge growing populations in that void will not continue to stoically endure it forever whilst those at the top do so disproportionately well – what then? <br /><br />And now we have the very capitalists themselves and their intellectual cheer-leaders, saying ‘this has gone change is needed’. Just few days ago there was an article by Harvard professor guy Charles Eliot penned a piece in the Financial Times, ‘We have to do better on inequality’.<br /><br />I mean, inequality as an issue?… as a main feature in the FT?… by a former USA Treasury secretary who served among the culpable generation of apparatchiks 1999-2001??? <br /><br />The times, are they a changing?Edward Harkinshttp://uk.linkedin.com/pub/edward-harkins/15/40/635noreply@blogger.comtag:blogger.com,1999:blog-22403989.post-57139986193135475422011-11-22T19:59:31.660+00:002011-11-22T19:59:31.660+00:00RSA Animate -- Crisis of Capitalism<a href="http://www.youtube.com/watch?v=DsEUs0xK5KY&feature=related" rel="nofollow">RSA Animate -- Crisis of Capitalism</a>cynicalHighlanderhttps://www.blogger.com/profile/06034325908473006163noreply@blogger.comtag:blogger.com,1999:blog-22403989.post-57059038900477697922011-11-22T10:37:05.251+00:002011-11-22T10:37:05.251+00:00One of the causes of this is the lack of proper co...One of the causes of this is the lack of proper competition, which has allowed oligopolies to develop instead of true markets. Much of the blame for this lies with government, in all its political hues.<br />Government at all levels prefers the convenience of dealing with a small number of big players and so favours a few suppliers. In extremis, the tail ends up wagging the dog, as in some of the big IT projects.<br />Tax policy has favoured ownership of publicly quoted businesses at second hand, through ISAs and pension funds, rather than directly, thus cocooning executives away from direct public gaze.<br />It's hardly surprising that pay has mushroomed.Dave Dempseynoreply@blogger.com