The principal objective of the UK tax system, in which the poor pay a higher proportion of tax than the rich, is not to improve the collective well-being of society, but to funnel cash – largely through tax cuts – to the corporate elite. This isn’t free-market capitalism in the formal sense, but socialism for the rich – a form of state capitalism – no different in principle to the old statist economies of the former Soviet Union.
NATO wants Europe to upgrade its roads, bridges and rail networks. Not because of dilapidated infrastructure, or to make it easier for people to travel across the continent – let alone their own countries – but so they can handle the weight of its heavy tanks and military equipment for what it deems an inevitable invasion of Russia. Though it has yet to commit a single crime, up to 10,000 NATO troops have amassed on Russia’s border states, in lieu of a war that hasn’t happened yet.
The gradual privatisation of social housing has turned Britain’s housing market into a postcode lottery that unfairly marginalises those who can least afford it. Successive UK governments have applied free market economic principles which have decimated our communities. This week on Renegade Inc we are joined by filmmaker, Paul Sng, and author and sociologist, Lisa McKenzie, to discuss how to stop the great British housing slump.
There is no other way to describe economics in 2017 than wilful blindness, writes economist Professor Steven Keen. Nobel Laureates who claimed financial crises were now impossible also claimed the 2008 Global Financial Crisis could not have been predicted. This is all, of course, nonsense. The evidence was there all along. Those with the power to change the course of history simply chose to ignore it.
The British economy is not ok. But you wouldn’t know it by looking around you. Luxury cars. Designer clothing. And banks chomping at the bit to lend people even more money. Ex-pat photographer and designer, Adrian Scoffham describes his return to the land of ‘fake abundance’.