Free market fundamentalism and elite private interests are failing to deliver for the public good. But firms like Carillion should not be nationalised – they should be denied the ability to exist.
A radical rethink of public procurement in the UK is urgently required.
Government should invest in its own procurement systems.
The Carillion Crisis Explained [ video ] ~ Chris Williamson MP
”Implied consent” for organ donation is a problematic and in my opinion a very dangerous suggestion, especially when it comes from NHS privatiser-in-chief Jeremy Hunt.
In a privatised and market-driven health service, human organs become a valuable ”commodity”, with harvesting and sale to the highest bidder a far from impossible scenario in the not so distant future.
It is a well-documented fact that Israel already routinely strips vital body-parts – especially corneas apparently – from the corpses of young Palestinians killed by its security forces before returning their bodies to their families. These organs are then sold on the thriving international market for such ”goods” .
Asset-stripping and exploitation is thus continued even after death.
In any case, I hereby refuse Mr Rockefeller or any other satanic fucker the use of my ticker for their 6th heart transplant…..
I’m not a gynaecologist, but I know a Hunt when I see one
Priti Patel is an utter disgrace.
She met 12 times with Israeli leaders, including Netanyahu – not once with Palestinians – without telling Boris or Treeza, and freelanced UK-taxpayer funding to IDF’s illegal occupation of Golan.
Next Tory leader ? Certainly shows promise ! Odds : 33-1
Two of Ms Patel’s secret meetings were with Gilad Erdan, Israel’s Minister of Public Security, Strategic Affairs and Minister of Information.. He has no developmental brief. His ministerial brief is to suppress activism for Palestinian human rights in Israel and abroad. The purpose of Patel’s meetings with him and the full agenda need to be disclosed.
Politicians (of all parties) are woefully ignorant about where money comes from, according to this new poll commissioned by Positive Money.
There really is, in fact, a ‘’magic money tree”,’ but it is in the hands of privately-owned commercial banks like Barclays. NatWest and HSBC, who create new money out of nothing whenever they make loans.
Tragically, this (un-earned) privilege is used in ways which don’t benefit – and actually harm – most of society. Over 80 percent of new bank lending is directed towards property and financial markets, pushing up the value of assets like houses, shares, and corporate bonds. . This is making housing unaffordable, increasing inequality, and resulting in more and more people being crippled by debt.
In order to address the problems of rising inequality, the housing crisis and record levels of personal debt, MPs surely need to grasp the basics of how the economy works…..don’t they ?
How the actual magic money tree works
Guardian article by Zoe Williams.
How is money created ? Some is created by the state, but usually in a financial emergency. For instance, the crash gave rise to quantitative easing – money pumped directly into the economy by the government. The vast majority of money (97%) comes into being when a commercial bank makes a loan. Meanwhile, 27% of bank lending goes to other financial corporations; 50% to mortgages (mainly on existing residential property); 8% to high-cost credit (including overdrafts and credit cards); and just 15% to non-financial corporates, that is, the productive economy.
What’s wrong with that ? On the corporate financial side, bank-lending inflates asset prices, which concentrates wealth in the hands of the wealthy. On the mortgage side, house prices rise to meet the amount the lender is prepared to lend, rather than being moored to wages. The lender benefits enormously from larger mortgages and longer periods of indebtedness; the homeowner benefits slightly from a bigger asset, but obviously spends longer in debt servitude; the renter loses out completely.
Is there a magic money tree ? All money comes from a magic tree, in the sense that money is spirited from thin air. There is no gold standard. Banks do not work to a money-multiplier model, where they extend loans as a multiple of the deposits they already hold. Money is created on faith alone, whether that is faith in ever-increasing housing prices or any other given investment. This does not mean that creation is risk-free: any government could create too much and spawn hyper-inflation. Any commercial bank could create too much and generate over-indebtedness in the private economy, which is what has happened. But it does mean that money has no innate value, it is simply a marker of trust between a lender and a borrower. So it is the ultimate democratic resource. The argument marshalled against social investment such as education, welfare and public services, that it is unaffordable because there is no magic money tree, is nonsensical. It all comes from the tree; the real question is, who is in charge of the tree ?
What could we do instead ? We could do QE for the people, overt monetary financing in which a government creates money for social benefit, such as green infrastructure or education. Or helicopter money, a central bank distributing it to everyone, either in a one-off citizen’s dividend or a regular citizen’s basic income. The nature of centrally created money should itself be opened up for debate, whose starting point is: if we agree that commercially created money is skewing the economy, can we then agree that it should be created by a public authority, even if we don’t yet know what that authority would look like.
A FEW QUOTES ON BANKING : https://mpbondblog.wordpress.com/2014/01/10/a-few-qoutes-on-banking/
When superior people hear of the Way
they follow it with devotion
When average people hear of the Way
they wonder if it exists
When inferior people hear of the Way
they laugh out loud
If they didn’t laugh
it wouldn’t be the Way
Hence these sayings arose
the brightest path seems dark
the path leading forward seems backward
the smoothest path seems rough
the highest virtue low
the whitest white pitch-black
the greatest virtue wanting
the staunchest virtue timid
the truest truth uncertain
the perfect square without corners
the perfect tool without uses
the perfect sound hushed
the perfect image without form
For the Tao is hidden and nameless
but because it’s the Tao
it knows how to start and how to finish