jos.gallacher.be
Scot, European citizen, economic policy aficionado, green tinged democratic socialist, social democrat, book lover, coffee addict and pedant.
In that order.
723 posts
200 followers
187 following
Prolific Poster
Conversation Starter
comment in response to
post
“The triumph of hope over experience.”
comment in response to
post
the sum raised would be significant.
A retailer could still pay its CEO £7 million but it would need to contribute £700,000 to the community to offset the social harm excess pay causes.
comment in response to
post
My proposal is for a payroll tax on salaries, bonuses and benefits levied on companies who pay above the 1% threshold, currently £201,000.
An excess remuneration levy of this kind could raise £17.8 billion a year. Certainly, there would be “behavioural changes” as firms sought to avoid the levy but
comment in response to
post
Aha!
The top 1% earned 13.7% of income in 21-22. If that is unchanged then they received approximately £178 billion.
(source: www.gov.uk/government/s...)
comment in response to
post
You can’t defeat the far right by imitating them. The challenge is to offer an alternative. For example, an inclusive nationalism that is based on community and solidarity.
comment in response to
post
I tend to believe that people who speak in clichés also think in clichés.
comment in response to
post
basic training in economics.
Unlike natural sciences, social sciences have several incompatible frameworks of explanation. Treating one as the sole true economics of a serious mistake.
A rounded knowledge of classical, neoclassical, Keynesian, institutionalist, Austrian etc is to be preferred.
comment in response to
post
A familiarity with of the history of economic knowledge would show that economics looks like physics because a generation of theorists tried to make it look like physics.
Notice that no one ever uses chemistry or biology as a comparator.
This theory failed in the 1930s but has continued to inform
comment in response to
post
As a young student, when universities were still rare, I met people training to be doctors, lawyers, engineers, vets, dentists, clerks in holy orders and a variety of other vocations.
comment in response to
post
“Inflection point” is my least favourite business speak cliché. Used by people who would never spot when a curve changed from concave to convex.
comment in response to
post
I’m increasingly convinced of the need for a safe banking sector isolated from the risky, speculative, crypto and otherwise dodgy stuff.
comment in response to
post
Yes, I remember it well. In the early 90s the EU’s regional policy took a turn towards spatial planning. The banana was only one of a number of mega-regions that spanned different countries. Some advocated redirecting regional funds along these lines but they were unsuccessful.
comment in response to
post
up to
comment in response to
post
I wonder if by “freedom zone” he means a territory run by a corporation rather than a government.
He keeps company with people who think this is a feasible idea.
comment in response to
post
No matter what you talk about they always bring it round to economics.
comment in response to
post
Also, this is the Spanishest piece of music I know.
open.spotify.com/track/7DZKMO...