Nèdeem Elmahjoub's blog

The Anti-War Economy

"Since the war [in Yemen] began, the UK has sold at least £4.7bn-worth of arms to Riyadh," claims the Guardian. That is not a lot in terms of GDP, but it still makes a difference for us here in the UK in terms of jobs at least. Our government is just doing business with an ally. Blame the Saudis: had they stockpiled more of what they needed before the war ( lawfully! ), they wouldn't have put the UK in such a position. Similarly, don't blame Deutsche Bank for axing jobs. Blame those thousands who will lose their jobs during the coming three years; those who were not smart enough and did not work hard enough to keep the bank stronger and competitive. 

"Creative destruction"?

This is an exageration . Banks, hedge funds, etc, have found in London a safe haven. Panama Files and Roberto Saviano, and others, have demonstrated that Britain financially "is the most corrupt country on earth", the most deregulated financial hub and most aggressive neoliberal economy in Western Europe. Where will banks and their associates find a better place?