By featuring some perspectives whilst excluding others, UK media has played a crucial role in the legitimisation of austerity policies.
The media cannot tell people what to think in a simple manner. However by featuring some perspectives whilst excluding others it plays a crucial role in the legitimisation of policy and the exercise of power.
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“Print the money” has been called crazy talk, but it may be the only sane solution to a $19 trillion federal debt that has doubled in the last 10 years. The solution of Abraham Lincoln and the American colonists can still work today. “Reckless,” “alarming,” “disastrous,” “swashbuckling,” “playing with fire,” “crazy talk,” “lost in a forest of nonsense”: these are […]
Whatever the ideas you have about what your politics are, you are captured by bourgeois interests that keep your actual interests in maintaining the status quo–more so for housing than for student debt, I’d say. So, yeah, debt is the price you have to pay to be in the middle class. It’s also the price you pay to be invested in a system you don’t want.
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The American “New Economy” is the American Third World economy in which the only jobs created are low productivity, low paid nontradable domestic service jobs incapable of producing export earnings with which to pay for the goods and services produced offshore for US consumption.
The post The Us Economy Has Not Recovered and Will Not Recover appeared first on BSNEWS.
The fight that the government has picked with junior doctors is just part of the present attack on the NHS and its staff. Cameron and Hunt are using the vague promise of ‘a truly 7 day NHS’ to impose a contract on junior doctors, in the hope and expectation that if they win they will roll out these changes to other NHS staff. They think the public’s interest and support will wane but we must not let this happen.
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You Can’t Earn a Living on the Minimum Wage When presidential candidate Bernie Sanders talks about income inequality, and when other candidates speak about the minimum wage and food stamps, what are they really talking about? Whether they know it or not, it’s something like this. My Working Life Then A few years ago, I wrote about my experience enmeshed in the […]
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Even as some insist that the global economy is in “secular stagnation,” the facts suggest that we may be entering the “worst” depression in history. The global markets have been on a slippery slope since the summer of 2007, and things have only been getting worse in 2016. The picture looks dismal, no matter which theoretical lens one uses. (This […]
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The longest-running set of polls ever undertaken in the UK, which has been ongoing for over thirty years has been on trust in key professions with Ipsos MORI conducting surveys on the subject since 1983. Their surveys consistently show that public trust in politicians has always been low: at no point since 1983 have more than a quarter of the public ever trusted politicians to tell the truth. The lowest trust score was recorded in 2009 in the wake of the expenses scandal, when only 13% said they trusted politicians. Clearly, there must be a deception going on in our democracy.
This year the Dutch government intend to introduce a universal basic income (UBI) paid to the residents of Utrecht and 19 other Dutch municipalities. Each person will receive the equivalent of about £150 a week whether working or not. The unemployed won’t be penalized for finding work because they will receive their employment income in addition to the universal income payment.
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But how could deflation be threatening the globe when the central banks have pumped many trillions into the world economy?
Initially, quantitative easing (QE) – instituted by most central banks worldwide – actually causes DEFLATION.
In addition, governments on both sides of the Atlantic have encouraged bank manipulation and fraud to try to paper over their problems.
