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The Monster behind Debt and Deficit: The Great Vampire Squid.
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The Monster behind Debt and Deficit: The Great Vampire Squid.

Utterly dismayed by the Coalition Government’s attempt to put into law the obligation to reduce the structural deficit by 2017-18, I thought I would repost the BBC’s excellent explanation of the difference between all the types of debt in the UK that the politicians talk about. http://www.bbc.co.uk/news/business-25944653 Basically, “the debt” is the running total of … Continue reading

Quotes

The problem…in quotes…

The very character of world order, which served elites very well during the modernizing and colonizing project initially in Europe, is now dysfunctional so far as serving fundamental human needs is concerned. Richard Faulk (2010) “Climate Change and the Threat of Nuclear Weapons” Globalizations Vol 7:1&2 The failure of the previous set of ideas, institutions, … Continue reading