February 23, 2017
THE more things change, the more they stay the same. This applies not only to the latest South African Budget, but to almost all such economic policy statements as finance ministers continually repeat variations on the same failed remedies, apparently in the hope of different outcomes.
January 22, 2017
The world’s most expensive and probably most successful public relations exercise concluded in Switzerland this week: the annual World Economic Forum (WEF) meeting in Davos. But this private club of some of the richest men in the world is responsible for the very ills they claim to be trying to remedy.
April 22, 2016
It has been said that if Wall Street sneezes, the world catches cold. Today it would probably be more accurate to say that if China coughs, an already economically weakened world faces the threat of double pneumonia.
June 24, 2015
Blinded by the chimera of Stock Exchanges and the smoke and mirrors of booming futures and derivatives trading, mainstream economists and commentators lost sight — if ever they had it — of the real productive economy. Their god was profit and their church, the market. Now the system has failed.
May 31, 2015
The parochial mindset of nationally-based companies and trade unions reveals asn ignorance of economic history, including the fact that shareholder companies — a cornerstone of our system — were banned in Britain for 105 years because of their inherent tendency to be corrupt.