Tag: economics

8 Comments

What will a Labour government do? More austerity, no public investment, increasing privatisation, no curbs on corporate profiteering and remaining outside the UK’s largest market.   

johnrobertson834

Leah Gunn Barrett English Labour says the UK economy is growing at the slowest rate for two centuries.[1] Could it have to do with austerity, Brexit, chronic underinvestment, rampant corporate profiteering and high interest rates? And if so, what will a Labour government do?  Fresh from Davos, Rachel Reeves told a meeting in the City of London “every day, every month and every year of a Labour government, Labour will maintain its credibility with the markets and relationship with the City.”[2] Labour has made clear that it will coddle and appease financial markets which means austerity, no public investment, increasing privatisation, no … Continue reading What will a Labour government do? More austerity, no public investment, increasing privatisation, no curbs on corporate profiteering and remaining outside the UK’s largest market.   

13 Comments

Should Scotland follow Ireland, Denmark, Portugal or Slovakia

johnrobertson834

By Alasdair Galloway Jill Stephenson, retired Prof of Modern German History at Edinburgh University, but for our purposes an indefatigable defender of the Union while equally contemptuous of Independence, has a letter in this morning’s Herald, which illustrates some important issues, not least the limitations of infantile Economics. I have to admit that I was concerned about Humza Yousaf’s use of Denmark, Finland and Ireland as comparators to illustrate Scotland’s potential if independent. The main point of contact between Scotland and these three countries seems to me to be population size, but beyond that comparisons become more difficult. For instance, … Continue reading Should Scotland follow Ireland, Denmark, Portugal or Slovakia

10 Comments

An Independent Scotland could use the power of its sovereign currency to improve people’s lives

johnrobertson834

And is an excellent reason to leave the failing UK Leah Gunn Barrett The letter below was published in the December 30th edition of The Scotsman. In it, I respond to Jill Stephenson, a member of the Scotland in Union group of letter writers. She appears regularly in the unionist papers letters pages. A retired professor of modern German history, she should stick to history and steer clear of economics, a subject about which she knows very little. Jill Stephenson (Scotsman letters page, December 29th, 2023) again displays her economic ignorance.  First, why shouldn’t Scotland benefit from pandemic financial support as it’s … Continue reading An Independent Scotland could use the power of its sovereign currency to improve people’s lives

5 Comments

The main reason nuclear power hasn’t ‘taken off’ – it’s not economic.

johnrobertson834

Leah Gunn Barrett Nuclear costs 2.6 times more per unit than gas and 3.7 times more than wind.[1] Government subsidies and guarantees are needed because the nuclear industry is an open-ended liability. A nuclear plant has never been fully decommissioned and many believe it would cost more than the original construction. Second, nuclear power has facilitated, not stopped, the proliferation of nuclear weapons. India produced its first plutonium in a Canadian supplied reactor, exploding its first nuclear bomb in 1974. Nations like Iran are following suit.[2]  Third, accidents have dogged the industry from the beginning. In 1957 the Windscale reactor that … Continue reading The main reason nuclear power hasn’t ‘taken off’ – it’s not economic.

4 Comments

English Labour has fully gone over to the dark side

johnrobertson834

Leah Gunn Barrett English Labour has fully gone over to the dark side. Keir Starmer, praising Thatcher for bringing ‘meaningful change’ to the UK, shed the last bit of straggly wool trying to disguise the neoliberal wolf Labour has become.[1] Why anyone in Scotland would cast a vote for English Labour that promises more of Thatcher’s wanton destruction is mind-boggling.  Many won’t remember her trail of wreckage. It started with her economic ignorance. She foolishly believed a government’s finances were like a household’s so she slashed public investment in heavy industry – shipbuilding, steel, coal, engineering, and manufacturing – making it … Continue reading English Labour has fully gone over to the dark side