Dec 9, 2018Posted by on
This Sunday on Facebook: My ambivalence towards the EU remains unabated as do my feelings of the disparity held by those who would subscribe to a return of a British democracy, or those who would choose to remain in the EU (even assuming that a consensus on what either meant existed). I stand by the resolve that I hold, in that the decision to choose between two oligarchies is for voters other than myself to decide. I shall be 80 next year and will (perhaps) not live to witness the long term results of the chosen outcome. Read more of this post
Nov 17, 2018Posted by on
This week on Facebook: In 2008 I wrote an article about privatisation under a New Labour government, in which The Guardian newspaper figured prominently. Some eight years later I am still writing about the sale of pubic assets, with the media on the left now writing in support of a ‘Labour’ opposition party and highly critical regarding the sale of public assets. At least this time around The Guardian has been more honest, if still remaining somewhat circumspect↔ about the part that the New Labour Administration played in the sale and funding of public assets (1). Read more of this post
Oct 27, 2018Posted by on
This week on Facebook: I can’t think of an answer to a financial dilemma constantly driven by political imperatives and am not so conceited that I would ever try to suggest one¹. Regression at my age is a common occurrence and my diffuse dissatisfactions increase day by day, with my belief that the world “is going to hell in a handcart”. On becoming an octogenarian next May what other view would I hold! Perhaps my interest in history is an expression of that regression. I constantly regard events as being a case of “one step forward two steps back” and history replete with stories of debt. Read more of this post
Oct 21, 2018Posted by on
I changed the last line from ‘on the high street’ to ‘online’!
Dendry Machin won a bet and became a capitalist. It may be more correct to say that he became a rent collector and moneylender, both opportunities made possible with his newly acquired capital. Capital that enabled Dendry to become self employed as a rent collector, which provided him with an income and allowed him to preserve capital. It was the money-lending that provided an opportunity for Dendry to increase his wealth by investing his capital and accruing interest on his investments. Like all financial ventures the opportunity was not risk free – quite the opposite – Dendry set upon a very high risk financial venture. He loaned money to the poor.
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