From time to time important challenges emerge from the most unlikely sources. Like the Investor’s Chronicle’s dogged 1970s uncovering of Denys Lowson’s criminality, Lowson being a former Lord Mayor of the City of London. Or Computer Weekly’s ultimately successful campaigning against the bureaucracy’s claim of gross negligence on the part of the pilots of [...]
Posted on August 21, 2011, 11:40 am, by Gordon Pearson, under
Bank Bonuses,
Banking,
Economic History,
Economic Theory,
Free Market Capitalism,
Political Decision,
free trade ideology.
David Cameron is following a long line of prime ministers claiming that British society is in moral decline and ‘broken’. The country has always been ‘going to the dogs’. Harold Macmillan suggested it all started when we stopped going to church on Sundays and so lost any regard for what he referred to [...]
Over the past few days, the famine in East Africa, the US loss of its S&P triple A credit rating, the Murdoch disgrace, the Eurozone indebtedness and Greece’s odious debt, and even the World Championship Hen Races in Derbyshire, have all been driven from the front pages, at least in UK, by the looting and [...]
Posted on August 8, 2011, 12:49 pm, by Gordon Pearson, under
Banking,
Economic Theory,
Financial Sector,
Political Decision,
Public Sector,
Unemployment,
free trade ideology.
Following the demise of Lehman Brothers almost three years ago, the then UK government, being committed free market idealists and N word phobic, pumped trillions of taxpayers’ money into the economy to keep it buoyant. But it did so by funding banks which would otherwise have collapsed, and then trying lamely to persuade them to [...]