Things governments can and cannot afford

In the UK, the Tories have slashed NHS funding, public housing and social care, policing, libraries, arts – even school dinners – on the grounds it was unaffordable. But it was comfortable spending £142 million per year subsidising the defence force (including the promotion of arms exports), and another £18 billion in corporate tax cuts for the private sector, and £120bn building a bloody great bridge to France.

Government vs The People

Washington has turned into the thing that it freed itself from 241 years ago – a bloated and corrupt imperial power, desperate for taxes, constantly hunting down resources overseas…sustained by military might and control of the global monetary system. Arrogant beyond belief, oblivious to its own hypocrisy, and dismissive of the need to maintain the respect of other nations – the US government is a reflection of everything it was created to overthrow. 

Washington’s war on Julian Assange

Washington in general, and the CIA in particular, are going after Julian Assange for one reason: Because he reveals the truth about the crimes they commit. The rest of it is bullshit.

Money from misery: How shadowy bond investors perpetuate Puerto Rican poverty

More than 70% of US Municipal Bond holders are exposed to Puerto Rican debt, in excess of $1 billion. Operating in an environment with no oversight or regulation, this powerful group of private investors do not want any default on their bonds and expect a return of 100% or more. There is a dawning realisation within the White House that Puerto Rico cannot simply be abandoned like a failed Casino. Yet again, we see the way in which pure unregulated capitalism is creating unmitigated misery.