Apr 202014

Economist Thomas Piketty’s message is bleak: the gap between rich and poor threatens to destroy us


Thomas Piketty has mined 200 years of data to support his theory that capitalism does not work. 

Suddenly, there is a new economist making waves – and he is not on the right. At the conference of the Institute of New Economic Thinking in Toronto last week, Thomas Piketty’s book Capital in the Twenty-First Century got at least one mention at every session I attended. You have to go back to the 1970s and Milton Friedman for a single economist to have had such an impact.

Like Friedman, Piketty is a man for the times. For 1970s anxieties about inflation substitute today’s concerns about the emergence of the plutocratic rich and their impact on economy and society. Piketty is in no doubt, as he indicates in an interview in today’s Observer New Review, that the current level of rising wealth inequality, set to grow still further, now imperils the very future of capitalism. He has proved it. Continue reading »

Apr 202014

Instead of the tailored local relief pledged by ministers, we can expect shredded safety nets everywhere


Politicians often wonder why they are so hated. Sometimes they blame media distortion, sometimes unreasonable expectations, sometimes the public’s refusal to face up to nasty choices that can’t be ducked in public life. Sometimes, however, rage against the political machine is justified by the cold cynicism of those who hold the levers. The story of the discretionary social fund – the benefit system’s ultimate safety net – is a case in point. It is, to use a seasonal image, the tale of an administration washing its hands of vulnerable citizens, while failing to be straight about this with the people as a whole. Continue reading »

Apr 202014

Campaigners slammed the latest signs of Tory-led chaos, including horror stories showing hospitals are setting up beds in lounge areas and turning away ambulances

Under fire: Health Secretary Jeremy Hunt

NHS walk-in centres are being closed so medics can be diverted to crisis-hit A&E departments.

But the “minor injuries units” are intended to reduce pressure on hospital emergency services – so shutting them increases that strain.

Today campaigners slammed the latest sign of the chaos crippling the service under Tory Health ­Secretary Jeremy Hunt.

Continue reading »

Apr 202014

The Labour party has concocted a limited number of the chocolate treats for a new internet campaign which promises a “free mug inside”

New cocoalition: Easter Clegg

Labour has produced a special “Easter Clegg” as it steps up its attacks on the Lib Dem leader.

The party has concocted a limited number of the chocolate treats for a new internet campaign which launches tomorrow.

But the packaging warns the Clegg Eggs are “guaranteed to leave a bad taste in your mouth – and like the Deputy PM himself – are “completely hollow”.

The slogan for the campaign on Twitter suggests the eggs, shaped in the image of Nick Clegg wearing a yellow tie, should be “stored in David Cameron’s pocket”.

Labour promises the Clegg eggs are “100% artificially Conservative” and jokes the box contains a “free mug inside”.

Nick Clegg chocolate easter egg

Festive fun: Lib Dems have responded with pun of their own

A senior Labour source said: “Just like Nick Clegg, our eggs melt when the heat is on.”

The assault on the Lib Dem leader comes ahead of crucial European and local elections in May.

A Lib Dem insider responded: “I can’t believe Labour are getting egg-cited about this.”

Lib Dems fear they could lose all of their current Euro MPs as support rises for the UK Independence Party.

Credit :- Vincent Moss/Huffington Post

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