Tag Archives: deficit

Welfare on a Global Scale?


This week on Facebook: The 1948 Universal Declaration of Human Rights by the United Nations (UN) makes reference to social security and the economic, social and cultural rights of ‘the common people’¹. The UN’s writing of economic rights first is to my mind quite deliberate, in that without them any social and cultural rights look set to fall. However, finding a meaningful definition of economic and cultural rights has been difficult and resulted in my resorting to podcasts. While the podcasts have the titles ‘Economic Rights’ and Cultural Rights in the 20th Century, both lead to the question of human rights (4).

The European Union (EU) attaches great importance to the interdependence of all human rights and consider economic, social and cultural rights as part of a social welfare program that may well constrain the development of the EU (5). These issues also constrain the actions of the United Nations (UN) to a degree but are an essential part of any Group of 20 (G20) social welfare programmes, where the ratio of gross domestic product (GDP) to any social welfare programme that a G20 State has affects the forecast of future economic growth.

Read more of this post

Public Investment?


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

Cassandra on debt


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 one¹Regression 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

Cassandra on World Debt


This week on Facebook: I am repeating myself here, in my 2011 post with the title ‘A Universal Debt!’ I recalled, “That someone looked into world indebtedness and facetiously drew the conclusion that The Earth must be in debt to the rest of The Universe. This was because every country in the world had an external debt load (barring about three). Obviously the earth is not in debt to someone else in the universe — unless you are a conspiracy theorist — but it is true that there is a global indebtedness.  What really matters, is not the debt, but the ability to pay off the debt with the interest that the debt accrues and the consequences of any inability to do this.” [sic]

All classes alike thus build their plans, the rich to spend more and save less, the poor to spend more and work less. John Maynard Keynes (1919)

For those of us living in the Western world global debt is something that the majority of its citizens do not take seriously as no end is foreseen to the ever increasing economic growth of the Western world. Today global debt is increased and the global citizenry has increased along with its indifference to deficit finance becoming the norm. Matt’s following cartoon repeats that joke, but as Yanis Varoufakis writes in his book ‘Adults In The Room’, politicians and their financiers are using world debt to ensnare us all in a global plutocracy.

Read more of this post

China & USA debt


This week on Facebook:  Posting an article on ‘Xi Jinping’s Vision for Global Governance by Kevin Rudd’, prompted a colleague in the USA to remark that perhaps China was not as financially stable as was assumed and that the tariffs introduced by President Trump are to China’s disadvantage. Another colleague in the USA probably shares that view and would add to it the financial, military and political superiority that is assumed by the USA. Yet it the Western World’s hunger for a continuance of their debt based economic growth that led to the post WWII hegemony of the USA is now being challenged by China. Read more of this post

Cassandra on Money & Debt


Read more of this post

The New Silk Road


This week on Facebook: When I first read about The Great Firewall of China I concluded that it was a model that most States would try to find a way of emulating, the rationale being that it was the first step towards securing the political supremacy of a governing oligarchy under the pretext of a democracy. Now China has launched The New Silk Road¹ (OBOR: One Belt One Road) and notionally democratic governments find themselves not only having to consider a trade war with China, but to seriously consider China’s political model as representative of the future. Read more of this post

Taxation: A Safe Haven?


This week on Facebook: Is yet another leader to my thoughts on global economics and how they are likely to effect the common man. Last November I posted ‘Trouble in Paradise?’ followed by Ethics and the Law and on New Year’s Eve I posted ‘Tax Havens: A Red Herring?’, introducing last week’s post EU & Tax Havens. This week introduces tax haven revelations as the precursor to the notion of a global economic war. Read more of this post

Tax Havens: A Red Herring?


Today on Facebook: Humour? Enough already — tomorrow (Monday) is the first day of the New Year and may 2018 be a prosperous one for you all! Read more of this post

Trouble in Paradise?


This week on Facebook: Blissful ignorance, Tax Havens and the Paradise Papers —

To each his suff’rings: all are men,
         Condemn’d alike to groan,
The tender for another’s pain;
         Th’ unfeeling for his own.
Yet ah! why should they know their fate?
Since sorrow never comes too late,
         And happiness too swiftly flies.
Thought would destroy their paradise.
No more; where ignorance is bliss,
       ‘Tis folly to be wise.

Thomas Gray —Ode on a Distant Prospect of Eton College

Read more of this post

The Land Is Ours

a Landrights campaign for Britain

The Bulletin

This site was created for members and friends of My Telegraph blog site, but anyone is welcome to comment, and thereafter apply to become an author.

TCWG Short Stories

Join our monthly competition and share story ideas...

The Real Economy

Blogs and stuff from Ed Conway

Public Law for Everyone

Professor Mark Elliott

Bleda

Am I my Brothers keeper?

The Land Is Ours

a Landrights campaign for Britain

The Bulletin

This site was created for members and friends of My Telegraph blog site, but anyone is welcome to comment, and thereafter apply to become an author.

TCWG Short Stories

Join our monthly competition and share story ideas...

The Real Economy

Blogs and stuff from Ed Conway

Public Law for Everyone

Professor Mark Elliott

Bleda

Am I my Brothers keeper?

%d bloggers like this: