Skip to main content

Posts

"Perhaps Trident is really a symbol of the era of late capitalism, where most things we buy are unnecessary to the point of ludicrousness. Persuading austerity Britain to spend billions on Trident is like convincing a tramp he needs a bazooka." Persuading Britain to spend billions on Trident is like convincing a tramp to buy a bazooka
"By its nature, The Apprentice exists to bring out the very worst in people. It’s a series about avarice, about stiffing people over in a suffocating kill-or-be-killed corporate environment. It’s a get-rich-quick-and-damn-the-consequences show. It might not have caused the 2008 banking crisis, but it probably didn’t help." Stuart Heritage, The Toxic Political Legacy of the Apprentice
Austria's New Right "A year ago — well before most of the current refugees arrived in Austria — polls in Upper Austria estimated the FPÖ’s  support  at around 30 percent. Earlier this year, before the refugee situation dominated headlines, elections in the southern province of Styria saw the FPÖ skyrocket from 10.7 to 28.8 percent, finishing just 2.5 percent behind the Social Democrats. And perhaps most importantly, at the federal level the FPÖ has led comfortably in every poll since April; the most recent surveys put them at 33 percent — a “comfortable ten point lead” over both the SPÖ and the conservative People’s Party (ÖVP). The idea that the FPÖ is merely profiting from anxiety about migration therefore conveniently overlooks the far right’s strength before the refugee crisis."
Via Michael Roberts' blog America's infrastructure is literally falling apart,according to the American Society of Civil Engineers. http://www.infrastructurereportcard.org/a/#p/home The American Society of Civil Engineers yesterday projected a $1.44tn investment funding gap between 2016 and 2025, warning of a mounting drag on business activity, exports and incomes. Without radical surgery, the decay in tunnels, railways and waterways will cost the US economy nearly $4tn in lost gross domestic product by 2025 as costs rise and productivity is impeded, according to estimates from the ASCE, dragging on a recovery in output that is the shallowest since the end of the second world war. Inadequate infrastructure is far from unique to the US. Public investment has been trending lower as a share of GDP in economies including Japan, Germany and France in recent decades.  The debate is being inflamed by a number of scandals involving decaying infrastructure, at a time when...