That was a mistake, while looking up the harmless “trump” in order to join an a US political debate, I noticed urban dictionary’s rising trend words. A word from the wise, there is stuff that does not improve your life. …
Recent, legally obtained and four eyes
The validation of the new members by the Labour Party is a mess. You’d think with the number of Lawyers and Trade Unionists on the NEC that they would understand the principles of natural justice and the law. I don’t think it’s bent, and I think there’s a large number of people of good will working on this but the lack of transparency is worrying and its a story that won’t go away.
I have instructed those who’ll listen that there must be evidence, it must be recent, it must be evaluated by two people. (It must also be legally obtained, this is so obvious that I didn’t bother to put it in writing. I have now. )
To become a registered supporter, one needs to sign a declaration that one supports the aims and values of the Labour Party and not support an organisation in opposition to it. This needs to be done truthfully, otherwise it’s fraud.
The £3 fee is an administration fee, we are not transactionally selling the vote. It’s the signature of the commitment that gets the vote, not the payment of the fee.
Perhaps the Labour Party should consider suing organisations and individuals that participated in a conspiracy to commit fraud by suggesting signing the declaration without commitment.
We have high profile rejections like Mark Steel and Jeremy Hardy, both of whom are making a hell of a lot of noise, but I can’t see what evidence there exists to suggest that they support an organisation in opposition to Labour and the danger exists that less well known people with weaker voices are being excluded unjustly.
Not
To the best of my knowledge Labour are not using canvass returns as evidence for excluding supporters from the leadership election. …
History
For various reasons considering why Labour lost and whether it was because we were too Left or too Right. I am reminded of a speech I gave to LPYS Conference in 1979, where I said that it wasn’t the right wing manifesto during three weeks of the campaign, it was the four year record of a right wing labour government! This was a Government that nationalised things. Right wing? We were mad! The rest as they say is History.
Incubating human capital
In the light of arguing what the definition of the national current account deficit is, student finance is an investment! …
Deficit fetishism
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. …
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?
Redaction
Never-mind the right to be forgotten, what about the right to forget? How do I delete someone from all my social networks? …