Tag Archives: Social Welfare
Next week on Facebook I intend to write about the Nanny State and while use of the term ‘Nanny State’ may be new in 1898 Woodrow Wilson was to write in his book The State; Elements of Historical and Practical Politics, No student of history can wisely censure those who protest against state paternalism.
Next Wednesday’s article is an op-ed in The New York Times titled “Three Cheers for the Nanny State”, that dismisses principled concerns about paternalism and presents arguments in favour of it¹. Read more of this post
This week on Facebook: I used to blog a lot on a now defunct site called My Telegraph, as did a chap who I think called himself Atrium. Eventually Atrium disappeared in a fit of pique, I think it was because he had such little response to his many cri de coeur regarding his opinions. Observing Atrium was a salutary lesson that taught me a lot about blogging and I think I understand why he left My Telegraph in such a huff. It was (at least in a large part) an ‘age’ thing, Atrium was most probably in my peer group, retired and clearly with a lot of time to spend on the social media. He had forgotten that as a younger man, when in a job and less time on his hands, any talk of putting the world to rights was invariably euphemistic and tempered by a blind faith that the democracy of our public administration lay in hands of the electorate.
My piquancy (I would hope) is not only tempered by an ever increasing understanding of the social media but also by the limitations to my curmudgeonliness. However, a recent article in MoneyWeek with the title ‘A Credit Score That Judges Your Politics’ (see Monday’s article) caused me to have an Atrium moment, a cri de coeur if you will. Imagine a world where many of your daily activities were constantly monitored and evaluated: what you buy at the shops and online; where you are at any given time; who your friends are and how you interact with them; how many hours you spend watching content or playing video games; and what bills and taxes you pay—or not (see Tuesday’s article). Think of the world that you are already living in!
This week on Facebook: While listening to a lecture by John Maynard Keynes the famed economist, Peter Drucker realised that Keynes and all the brilliant economics students in the room were interested in the behaviour of commodities while he was interested in the behaviour of people. An epiphany that would eventually lead to his career as a management consultant. Nevertheless, both sought an approach to economic growth that addressed income inequality without advocating that income be distributed equally. Read more of this post
All Fool’s Day seems an appropriate time to post a short piece about; Morituri te Salutant, Jean-Léon Gérôme, John Donne, Christina Rossetti, Paul’s letter to the Corinthians, Winnie the Pooh, an allusion to H. Rider Haggard (well, more Horace Rumpole really): leading to the ‘Money Advice Service’ on UK funeral costs. Read more of this post
This week on Facebook: Is prosperity and wealth the same thing I asked myself a year ago and concluded that it depended on how you defined each word and who that definition applied to:
Oxfam thinks that $8-coffee-drinking millennials with student debt are amongst the world’s neediest and they are if you define wealth without taking into account its context. A millennial who can indulge in an $8 cup of coffee may not be wealthy but is certainly prosperous. The Scramble for Growth! (Aasof’s Reflections)
This week on Facebook: Having decided to delve into the realm of pensions it came as no surprise to discover that politicians spend a great effort on their own sinecures but compound the self created pensions dilemma that successive governments have imposed on others. Read more of this post
This week on Facebook: Last week’s post was about pensions and the political fiscal chicanery that successive governments have adopted to steal pension funds and hide their connivance in keeping public sector pensions ‘off the books’. On Sunday I posted a short exert from the television series ‘Yes Minister’, which indicates that the public sector pensions deficit is not a new political issue. What is rarely written about is the financial burden of the funds required to service the pensions of politicians, but perhaps more importantly, how the pensions and contributions of politicians are not subject to the same vagaries as other pensions. Read more of this post
This week on Facebook: The Lammy Review¹ — An independent review into the treatment of, and outcomes for, Black, Asian and Minority Ethnic (BAME) Individuals in the Criminal Justice System — caught my attention this week. Eventually I realised that there were (at least) two ways of interpreting it, primarily, either it was ‘Review’ that could be ignored unless it lead to a further ‘Report’ requiring political action, or it was a ‘Review’ the outcome of which was the ‘Report’ set by the review’s terms of reference. Calling the ‘Report’ a ‘Review’ was not helped by my inability to find a definition by the UK government that differentiated between the two, my cynicism leading me to conclude that describing it as ‘an independent review’ is civil service Mandarin for ‘file and forget’. Read more of this post
This week on Facebook: Last week in It’s only money! I quoted Peter Drucker, for those who may not be familiar with his works, and perhaps the younger millennials in particular, this week is devoted to my take on the man. On his death (aged 95) in 2005 he was described by a Bloomberg Business Week article as The Man Who Invented Management, I much prefer the subheading ‘Why Peter Drucker’s ideas still matter’. Read more of this post
This week on Facebook: Trying to use last weeks post on Criminals & Taxation as a link to those that may follow at some point proved to be very difficult, the reaction of a public administration’s response to economic failure is more akin to investigative journalism than a short, singular, post. So this week I focused a little bit on factors relating to Government economic policy, with particular reference to Social Security and taxation in the UK. My post last week last week illustrated some of the financial disasters that can occur when a public administration overreaches its level of competence. In an earlier post on Debt & Taxation (2013) I began: ‘The role that economic theory plays in the creation of money and the role played by all politicians in the manipulation of economic theory for the purpose of a fiscal policy, bear little relationship to the social responsibility that Drucker applied to a private enterprise.’ Read more of this post
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