Is every Englishman’s home now a mansion – is it now official that every road to anywhere is now a Toll and the national north south divide is now officially anywhere north of Hampstead?

And has statute decreed that the lot who have little must continue to subsidise the little who have squandered a lot?

Mike

Paul Mason is interviewing Steve Keen for an upcoming Radio 4 “Analysis” programme:

http://www2.lse.ac.uk/publicEvents/events/2012/04/20120403t1830vOT.aspx

Maybe it won’t be long before he gets into MMT.

Good piece by Philip Pilkington

Flanders is truly dreadful, vacuous. A total neo liberal paradigm repeating robot. She plainly understands nothing whatever of macro economics. As my dad used to say ‘I wouldn’t pay her in washers’.

Mason at least tries to report on how things affect ordinary people. I wish he’d get over to the MMT blogs & educate himself properly in macro economics. I think he could be open minded enough to realise what’s there.

Someone (in less unemployed poverty than myself) should send him a copy of Wray & Mitchell’s new macro text book when it comes out later this year.

John

Fair point!

Mankind doesn’t create wealth – he merely exploits that of nature, by taking nature’s wonders and converting to man’s own end.

Hawkeye’s law of conservation of wealth: For every increment in mankind’s wealth, there is an equal and opposite decline in nature’s.

Hawkeye – minor point – put or taken? And that aside we do not ‘command’ nature, at best we can only learn to understand and utilise it as best we can.

In that sense exploitation is always dangerous.

Charles- I’ve long suspected what comes out of BBC mouths is controlled more by their pockets than their wit or integrity.

This article suggests as much: “Last Friday the BBC’s economics editor Stephanie Flanders ran one of the most terrible economics articles I’ve ever read: ‘The Truth About UK Debt. ’ The problem is that it contains very little truth. The reason it contains so little truth is because, not to put too fine a point on it, Flanders comes off as having quite literally no idea what she’s talking about.”
http://goo.gl/QSIUM

More on the Goldman business ‘model’ here: http://goo.gl/OQ7ND

Taibbi on Bank of America: Too Crooked to Fail: http://goo.gl/Y06bJ

I always take those polls with a large dose of salt given the sample size, selection process, margin for error and apparent elimination of ‘none of the above’ (35% in 2010).

Tories got votes of 24% of electorate in 2010 – is it conceivable many who didn’t vote Tory in 2010 are now seeing the light?

LibDems gained votes of 15% of electorate in 2010 – since which time they’ve ditched ALL their major manifesto commitments.

By ignoring dissatisfaction with all parties polls exaggerate the level of support for each.

As all three parties follow similar neoliberal doctrines measuring discontent needs to be downplayed.

But, like the rating agencies, pollsters stand outside the realm of scrutiny.