Occam’s Razor Rules

It is snowing in London this morning and there is a bitter wind, more suited to January than March. Our economy is also cold and bitter. We cannot change the weather, although in the long term we can and will change the climate, whether we want to or not and whether we believe it or not. We can change the economy, although the way to change it into something that is more benign and brings more prosperity is not clear. As with the environment, politics interferes with doing what is right for the economy. Continue reading

Seven Curses That Inflict Humanity

We have blessings and we have curses. We should enjoy the blessings andf avoid the curses but some curses are impossible to swerve.

  1. Usury, or to call it by its modern name banking, impoverishes the poor and enriches the wealthy. It is necessary for people to be able to borrow, but there has to be some control on the rates charged for borrowing. All semblance of control has vanished and even though interest rates are low most people and businesses are having to pay obscenely high rates for borrowing
  2. Politics and politicians; they start with good intentions but we all know where the road leads that is paved with good intentions. They become so fixed upon themselves that they lose the plot.
  3. Passing the buck; governments often refuse to make decisions unless they can get an independent report to tell them what should be done.
  4. Corruption; all nations suffer from corruption to one degree or another. In the United Kingdom a great and insidious form of corruption is designating the great and the good to highly paid posts. It revolves not so much around the old school tie but the old university.
  5. Control by data collection; walking down the street I can be caught on many CCTV cameras and I see parking officials record the number plates of every car, to check whether the owner has paid to park. The data collected is so large that the Nazis would have been delighted to collect half the amount of data that is collected and recorded today. The scope for abuse is large.
  6. Multinationals; they are so large that they are outside the law (although they pay lip service to it) and outside democratic control. They are the modern gods who control many of our lives.
  7. An obsession with growth; we all want to grow better and stronger but we ignore that the pursuit of growth can lead to the cancerous growths that can kill us.

The present economy of the United Kingdom

Making sense of the British Economy is hard at the best of times but during an election period where lies lurk in dark corners ready to pounce on the unwary, it is especially hard. There are four key statistics that have come out recently which give a good idea of what is happening and I shall let you have my take on them, free of any political bias. Continue reading