Theory: the people elect politicians to regulate the markets

Practice: the markets pay off politicians to screw over the people

There’s a distinction between riches and the return to riches. Redistribution isn’t taking from the rich and giving to the poor, it’s lowering the return to riches. Austerity is the opposite: it precisely intends to increase the benefits of being rich.

With only weeks to Christmas, the value destruction leaderboard looks like this:

    1. Elon Must
    1. Liz Truss
    1. Vladimir Putin

Will nation states destroy the most value? The billionaire class is valiantly fighting back. As we enter the festive season, there’s everything to lose!

www.theguardian.com

The cowardly state beholden to “the markets” is back.

Don’t people like Elon Musk cause real problems for meritocracy’s true believers?

Leafing through dismal opinion polls this morning, three words characterise Tory supporters: ignorant, complacent, unpleasant.

“Smart Home” technology would be a lot better if it actually worked.

All they have got, the TINA neoliberals, the handmaidens to the rentier class, is racist dogwhistles. That’s it. Nothing else.

Currently reading: How the World Really Works by Vaclav Smil 📚: Man likes chicken.

Not really needing my vegan burgers to have added artificial blood.