Econ 101: maximum rage about the minimum wage (video)


On Tuesday morning, Radio 4’s Today Programme and a number of centre left papers ran a story about the ‘living’ wage.  Unfortunately, this important story was then swamped by the hacking trial circus later in the morning. The reality is that the … Continue reading

Thomas Piketty – Why we need a global wealth tax (video)


Jeremy Paxman discusses wealth inequality and a global wealth tax with Thomas Piketty author of “Capital In The 21st Century” on Newsnight (30 April 2014).   Video © BBC *********************************************** Wealth inequality and other things we don’t have to learn from … Continue reading

Royal Mail privatisation – Vince Cable’s epic fail (Video)


Yesterday, in my humble opinion Vince Cable lied to the British people in a display of dishonourable dissembling that brings our politics into disrepute and explains why so many of the British public have nothing but contempt for the political … Continue reading

Evidence not ideology: The signal and the noise or lies, more lies, even more lies and government statistics (video)


This occasional blog arises out of an exasperation at rampant and unnecessary social injustice and the peculiarly human stupidity that prevents us from learning from our own mistakes. It particularly mystifies me that we continue to accept political decisions based on … Continue reading

Now it’s clear – the Royal Mail privatisation ripped-off the British people (video)

Ripping-off the public to line the pockets of the fat cats plus ca change

UBS and Goldman Sachs who were appointed by the government to run the privatisation advised that the Royal Mail was worth £3.7bn but other banks including JP Morgan and Citibank said that it was probably worth up to £10bn. The … Continue reading

The Daily Mail: the worst of British posing as its best (video)


Yesterday I wrote a post about how the Daily Mail hates Britain. As you will see if you view the video clips below, on Tuesday night’s excellent Newsnight there was an interview with Jon Steafel, deputy editor of the Daily Mail, during which he was asked 11 times by Alistair Campbell … Continue reading