Hello world. This weeks read is from The Guardian and it confirms the unfortunate reality of long and sustained periods of austerity having an adverse effect on economies. This Red Cross study focuses on Europe and highlights a notion I have been writing about for a while now: austerity alone will not result in growth.
http://www.theguardian.com/world/2013/oct/10/austerity-europe-debt-red-cross
Hello world. This weeks read comes courtesy of the Institute of Economic Affairs (IEA). There is a free download link in the link and the report outlines why Britain’s economy is a long way off tangible growth, a subject I’ve spoken about at some depth previously. Check my pieces out here and here in particular. http://www.iea.org.uk/sites/default/files/in-the-media/files/Will%20flatlining%20become%20normal%20.pdf
This week’s read comes from Vice Online and it is an explosive read to say the least. Vice’s Greg Palast discusses a certain memorandum that highlights how the global financial crisis unfolded. Certain events seemed to have been choreographed in order for the period of unfettered market capitalism to go unregulated around the world.
I’ve covered the global financial crisis many times on this blog, my piece here, where I elucidate certain facets about the shift in rhetoric about government spending and on this post I display the brilliant documentary from Adam Curtis about the global financial crisis. If you have not seen it, please do. The article from Vice will make even more sense as many of the people in question are featured.
http://www.vice.com/en_uk/read/larry-summers-and-the-secret-end-game-memo
This week’s read is from Paul Krugman’s blog and he touches on some prominent economists, Milton Friedman and John Maynard Keynes. Both transformed economics and Krugman alludes to the notion that Keynesian policies are still being discussed, whereas Friedman policies are not as relevant today. Many will suggest otherwise, but Prof Krugman argues his point nonetheless.
http://krugman.blogs.nytimes.com/2013/08/08/milton-friedman-unperson/?_r=0
This is a great piece from Robert Skidelsky. He’s touching on similar themes I alluded to in my last piece. Its certainly worth reading.
Another great piece from Quartz.com. This piece highlights the fall in UK manufacturing. The UK economy has shifted substantially from manufacturing to that of one that is more dependent on services. In terms of a mulitplier effect, manufacturing tends to have a greater effect on the economy, in the sense that manufacturing requires more investment and generally speaking, it creates more jobs.
This is a projection from The Economist and it suggests that the world’s population is going to increase from a figure of 7.2 billion to 9.6 billion. When you look at the first graph what is striking is the fact that all populations seem to be increasing dramatically except Europe. I also read this article last week on Quartz that stated 1 in 5 African’s by 2050 will be Nigerian. Have a look.
Hello world. As I mentioned in a previous piece I wrote in October 2012 the Euro zone is in a precarious economic and social position. Having said that, some of the highest earning CEOs reside in the nations most affected by the fiscal consolidation polices being adopted within the area. These policies have contributed to the huge levels of unemployment and led to high levels of social discontent.
This piece is from global economic website Quartz. Take a look.
Hello world. This is another great piece from Guardian journalist David Conn. I wrote a piece some time ago highlighting some of the benefits of the opposing models of football ownership. It’s certainly worth reading.
http://www.guardian.co.uk/football/blog/2013/may/22/bundesliga-premier-league-champions-league
This is an excellent piece relating prostitution and the public sector cuts. This blog is intended to highlight how significant economics and economic decision making is and how it affects every aspect of society. Thus, no part of society is exempt.
The Conscience Blog 