Paying down the deficit means regressing our justice system back to the 13th century

Read

The Ministry of Justice all but admitted that the vicious cuts to Legal Aid have stripped back the British justice system to its very bare bones, justified by thin, made-up excuses to take away the legal rights of the poor. The vicious cuts to legal aid have stripped back the British justice system to its very bare bones, justified by thin, made-up excuses to take away the legal rights of the poor. Court rooms are being dragged down from bastions of legal thought and the concomitant of 1,000 years of jurisprudential evolution to 13th century slinging contest-rooms. 

Sunday Papers: Mainstream economists live in a parallel universe

Watch

Economics and the schools that teach it have been wrong for such a long time that its students have collectively embraced a mythical model that does not account for the role of money, banks, debt or land.
Renegade economist and friend of the show, Professor Steve Keen recently took the stage at the Sunday Papers event in London to discuss what you’re not being told about the global economy.

Banks, criminality and accounting: end of the road?

Read

All those banks and other financial institutions that have gone bust, or been bailed out, over the past 20 years demonstrate that the sector’s corporate conduct has been wayward, to put it mildly. That these dodgy outfits are located in the UK, USA, EU, Japan – virtually anywhere – suggests that, at root, their problems may have as much to do with human nature as jurisdictional regulation.

Bean counters: Lost in Paradise

Read

Long before the Paradise Papers, or the Panama Papers, the Enron scandal, Savings and Loan crisis, WorldCom, and the Global Financial Crisis, governments in the US, UK and Australia were colluding with the world’s biggest banks and their clients using aggressions dynamics not to defeat but to suborn the controls of the supposedly independent professionals: The accountants.

Interest rate height correlation doesn’t stand up to scrutiny

Read

Why will interest rates likely rise in the US under the new impending chair of the Federal Reserve, Jay Powell? Because he is tall. Or so says financial journalist and editor, Alan Kohler.

Those who broke the economy cannot fix it

Read

It may only have been a fraction of a percent but make no mistake, last week’s interest rate increase was a big deal. It signalled the Bank of England has given up on reviving the economy, having already inflated the assets of the already rich through its dangerous game of monetary policy. Bank and Treasury economists (aided and abetted by the OBR) are guilty of defeatism. They argue that despite their powers, there is nothing to be done. 

J is for Junk Economics

Watch

“Economics has failed,” is a phrase that is becoming more common by the day, the result of the current economic paradigm of neoliberalism. But economist, Professor Michael Hudson says economics has not failed it all. It is working perfectly well, according to the rules upon which it has been set. On this week’s episode of Renegade Inc, we explore the cover story of neoliberal economics.

Marriage and the job guarantee

Read

There is a clear connection between income insecurity and marriage. More specifically, the lack of it. In an era where fewer people are marrying, full employment policies and the job guarantee is the best way to strengthen family financial stability, says Economist Professor Bill Black. A job guarantee program would also allow for the closure of one of the great perception gulfs between progressives and conservatives.