"What was Iceland’s approach? To do the exact opposite of everything the bankers running our own economies told us to do. The bankers (naturally) told us that we needed to bail out the criminal Big Banks, at taxpayer expense (they were Too Big To Fail). Iceland gave the banksters nothing."
Apparently Iceland is doing a better job of fixing it’s economy than the rest of us - and austerity isn’t the answer
"And if the Mail believes it is justified in doing something that is normally unacceptable simply because it can see other people around it doing that thing, then perhaps it should reconsider its coverage of last summer’s riots, when thousands of people looted shops for no better reason than that they could see other people doing it."
Brian Cathcart on the coverage in the Daily Mail of the uncovered prince
"So, this is a story about how we are tricked into thinking that what ‘we’ can afford is just or only about how governments tax us and spend the money, it’s about how we are tricked into not looking at what’s in the safe or indeed not even noticing that there’s a door to the safe right next to us!"
Michael Rosen talks about capitalism and why we’re in this mess
"Apple serves as a window on how technology giants have taken advantage of tax codes written for an industrial age and ill suited to today’s digital economy…although technology is now one of the nation’s largest and most valued industries, many tech companies are among the least taxed."
The New York Times investigates how Apple (and other technology companies) exploit loopholes and abuse international laws to pay as small an amount of tax as possible on their massive profits
"If a British company imports components, it has to pay tax on those (and most components are not made in the UK). If, however, a completed device is made abroad and imported into the UK – with all of those components soldered onto it – it does not attract any import duty at all. This means that it’s really, really tax inefficient for an electronics company to do its manufacturing in Britain, and it’s one of the reasons that so much of our manufacturing goes overseas."
Raspberry Pi explaining why they couldn’t manufacture their computer in the UK as they wanted to
"These issues go to the core of what democracy means. We have a major economic crisis in this country that was brought on by the greedy and irresponsible behavior of big banks. No banker has been arrested, and certainly none have been pepper sprayed. Arrests and chemical assault is for those trying to defend their homes, their jobs, and their schools."
"Obviously if DHS now has powers to simply take over a New York City street because of an arrest for peaceable conduct by a middle-aged writer in an evening gown, we have entered a stage of the closing of America"
"The BBC does not compete. Like the NHS, it may not be perfect, but it is paid for by the public in order to provide a service to the public. It is not in competition."
Warren Ellis in an oddly prescient article written in Wired at the start of 2010 and looking into the future few months. Finding it on the lunch table 18 months later makes it even more interesting reading…
"The question we have to begin to ask ourselves is not how do we employ all the people who are rendered obsolete by technology, but how can we organize a society around something other than employment?"
Nick Clegg before he joined the dark side saw the possibility of a violent backlash if government “slash and burn government services on a thin mandate”. David Cameron: “I think it’s rather a silly thing to say frankly”.
Especially ironic that the original uploader uploaded this as an example of Clegg being wrong.
"While Cameron insists that he occupies the centre ground of British politics, that he shares our burdens and feels our pain, he has quietly been plotting with banks and businesses to engineer the greatest transfer of wealth from the poor and middle to the ultra-rich that this country has seen in a century."