Just made a storify on the economics of opposing deficit fetishism, more a series of articles rather than a polemic, that’ll have to wait another day. Much of it points to Jeremy Corbyn’s economic policy manifesto. …
Monopoly Prices
I have been tidying up my hard disks, and came across this paper, written by me called, “Why Monopolies make super-profits?” which I wrote in 2009/2010 to codify my thoughts on monopoly. The pseudo abstract says,
Monopolies restrict supply and offer their goods at prices above an equilibrium price, which is the opportunity cost of the resources used to make the goods. In doing so they make super-profits. This paper looks at how and why this is. It is based on an ABC of Economics, my memories of my Economics classes at school and university and a more recent reading of Begg et al’s “Economics”.
Dave LEVY
It looks at profit maximisation, supply and demand and the nature of competition. It does not look at aggregate welfare underproduction, nor on the lost social costs in building and defending the monopoly. Maybe a re-write is required. …
Vote Jeremy Corbyn
The political choice in selecting Labour’s next leader involves choosing a platform and strategy. The platform choice is pretty clear, growth vs. austerity-lite. The strategy choices equally so, triangulation vs. a clear choice. So that’s simple then; it has to be Jeremy Corbyn. …
Evidence
During drinks with friend last night, we agreed that short of unspent criminal felony convictions, I can think of no evidence that proves someone does not support the aims and values of the Labour Party. Not all criminal convictions prove it either, ask the Yorkshire Miners. …
Steel
Has Mark Steel really been barred from participating in the Labour Leader selection?
Labour’s new extended family
Labour’s electoral roll for its 2015 elections has now closed. We took a decision last year to extend the franchise for the election of Leader, Deputy Leader and its candidate for Mayor of London to supporters and over 120,000 people have signed up as well as over 100,000 new full members. I hope that this is a first step for them in helping Labour rebuild and create an effective opposition, although not only do we need them to stay with us, we need to respectfully listen to them.
As one minor elected voluntary official I welcome you to Labour’s movement. …
Redaction
Never-mind the right to be forgotten, what about the right to forget? How do I delete someone from all my social networks? …
Underwear
It’s said that Clark Gable killed the vest through his appearance in “Gone with the wind”, do you think that Jeremy Corbyn will re-establish it? Not quite Keynesian pump priming!
Muck
Two stories dominate Labour’s leadership election, firstly, the Trot & Tory hunt but secondly a return to politics by the Burnham & Cooper. The membership hunt was kicked off by John Mann MP’s speech complaining about entryism and long term members being swamped; just as well he’s not shadow spokesperson on Immigration. Cooper argues for investment in Science, Burnham has changed his mind and will now take the railways back into public ownership and both of them argue for a Graduate Tax to replace student loans. Certainly it’s a better approach than describing your rival’s as mad, morons, a virus or needing a heart transplant. Ooops there I go again, taking us back to the muck. …
Turn it off
IT transformation is hard, talking to friends who’s employers are moving to O365; it’s not the future that’s the problem, it’s turning of the old stuff, although MS still have a way to travel with their cloud storage offerings. …