September 14, 2007
This is excellent. It's got everything. Fractional reserve banking is the root of all our troubles. Bioregional distribution systems (meaning, I think, that you can only trade with those in the same area. Say bye bye to ever eating pineapple again, for example). But the best is this:
...that capitalism is adapting to the strictures climate change brings.
And she's complaining about it!
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OT but my contribution to the corpus. Talking about London's being the most expensive place in the world to eat out:
Rose Gray, co-owner of the River Café in Hammersmith, said: "London comes out as the most expensive overall because there is an incredible number of good quality restaurants, bringing the average price up. The best comes at a price."
Posted by: windowlicker | Sep 14, 2007 1:41:15 PM
This sort of thing is just pornography, isn't it? Like the TUC conference, blah blah blah. And she's got a PhD in economics, Christ, what to they teach at school nowadays?
Posted by: Mark Wadsworth | Sep 14, 2007 2:02:16 PM
Indeed, it had everything. Even "Surplus value", which is as discredited an idea as any, and the "parasites who live off investments" - any mention of the parasites who enjoy huge incomes from writing against the system that gives them the wealth? And those bureaucrats who make money off regulating those who really create the wealth? Will Atlas shrug?
Posted by: Jim Winfield | Sep 14, 2007 10:08:01 PM
It strikes me as a case of "you must be careful of what you wish for..."
Posted by: Conor | Sep 15, 2007 1:35:52 AM
Groping around in the dark recesses of my memory wasn't it Adam Smith (or possibly Ricardo) that pointed out that it was possible to grow pineapples in Scotland, it just would take such a stupidly large amount of energy that it is cheaper to import them haft way around the globe? So possibly that should be "bye bye to ever eating pineapple again ... unless you are a stonkingly rich high party member".
Posted by: chris | Sep 15, 2007 12:27:40 PM