Despite appearances, the idea of social progress is a myth on August 7, 2017The world cannot countenance the idea that human progress might be at an end or even have stalled. The belief that advances in science, technology as well as social and political systems can provide continuous improvement in human life is perhaps the most important idea in Western civilisation. Yet attempts to measure actual progress are […]
Governments are copying corporate financial tricks to fix their economic woes with dangerous consequences on May 21, 2017Financialisation relies on financial engineering to generate earnings and wealth. Increasingly, industrial businesses have sought to improve earnings or increase their share price by means not necessarily directly linked to the provision of goods and services. Companies have increased the use of lower cost debt financing, taking advantage of the tax deductibility of interest. In […]