Funding the Future

Scared people do not spend. This is a fact of economic life. Once somebody is worried about their economic future, they begin to save, and that means Trump is heading the US into a recession. 

Trump has failed, but the world needs to carry on presuming that Trump is the biggest threat it has faced in generations, because a man who's failed in the way he has might turn to violence, and violence will not resolve anything. 

Labour has made a mess of managing British Steel.  It had no strategy and no plan, and hadn't had the foresight to see the consequences of this. It is time it learned to govern.

The UK government cannot go bust because it is the only organisationwith the ultimate authority required to create the money that’s required tosettle its debts. It really is time politicians understood that.

As the recent egg crisis in the USA showed, world food supply chainsare intensely vulnerable and prone to failure as they are dependent uponmonocultures. What will happen if they do fail?

People think money is real, mysterious and valuable. They still think goldis involved in the process. It’s actually nothing like that. It’s nothing morethan numbers on bank statements.

Rachel Reeves could cut the interest paid by the government to the UK’scommercial banks by up to £20bn a year. So why won’t she, when shesays she is so short of money that those with disabilities must suffer?

We have never witnessed an attempt to build a global empire by trade and economic war alone, ever before. Trump is trying it. How should the world respond?

AI is a tool we can’t ignore. But it is also going to be deeply disruptiveand help burn the planet, and so it should be taxed, heavily. Why isRachel Reeves saying nothing about that?

Once upon a time, tax havens hid billions from the view of the world’stax authorities. Then they caused massive disruption. But now, theiropacity has been shattered as far as tax authorities are concerned. Theyare no longer a pot of gold for a government to find.