This is a story about earning money...

In the agricultural revolution, the scythe, the plough and the mill brought about greater productivity in our fields, and put more bread in our bellies. In the industrial revolution, the steam engine, the foundry and great big machines brought about greater productivity in our factories, and put shoes on our feet. In the information revolution, the spreadsheet, email and meetings have brought about greater productivity in our offices, and put zeroes on the end of the bank balances of the mega wealthy.

The average return on capital is exceeding the growth rate. This means that no matter how hard you work, the rich will get richer and poor will get poorer. If you are already wealthy, you will grow more wealthy, but for the rest of us our wages are falling in real terms.

"The triumph of human capital over financial capital and real estate, capable managers over fat cat stockholders, and skill over nepotism is largely illusory.” -- Thomas Piketty

It's a depressing situation, but sadly it's true. We are now living in the era of the supermanager. The remuneration for those at the top of the pyramid is completely unhinged and insane. There is absolutely no way that the eye-watering salaries demanded by top executives, in any way reflects their productivity. In fact, quite the opposite.

The National Health Service (NHS) has spent billions on re-organisation. The NHS is drowning under a sea of managers, while front-line services are cut back.

The reason why economic growth is stagnant, is because productivity is an illusion. When nearly everybody is a manager, hardly anybody is actually doing any work.

Managers only do three things:

1. Any good news from their team, they just forward to their boss
2. Any pressure / demands / requests / questions from their boss, they just forward to their team
3. They think up ways to justify their jobs

A manager has a lot of time to dream up creative ways of wasting everyone's time, because they don't actually do any work. A manager needs to look busy, so they come up with all kinds of time-wasting scams and schemes in order to justify their pointless existence.

Microsoft have actually cottoned on to the fact that there is a giant army of middle managers, who do nothing but forward emails up and down the chain of command. In the email program Microsoft Outlook, there are actually buttons that make it even easier to just forward good news to your boss, and to forward other requests and things to your team. I literally just need two buttons to do my job. I don't even have to do any typing.

People don't like doing the typing.

Everything's a copy & paste job. Being a manager has become a job of forwarding emails and sitting in meetings because you're bored. If you feel really pointless, you can do a Microsoft PowerPoint presentation to bore the shit out of everybody. Nobody writes concise emails that everybody can dutifully ignore because they're pointless noise.

There are a few idealistic young employees - unpaid interns - who do all the work, which is then re-hashed as it works its way up through the ranks of middle management. Every layer of management is careful to remove any reference that would give credit to the person who actually did the work. Managers pass things off as their own effort, although secretly they know that they don't actually do anything.

This is so much worse than Imposter Syndrome. Most managers are actually imposters. They're there for the comfy seat, free coffee, warm office and hefty pay packet at the end of the month.

It's no wonder that lean startups are actually able to deliver great things: they're unencumbered by the valueless people who try to add value when actually they do nothing of the sort.

Trying to get a decision out of the chain of command is like trying to nail jelly to the wall. Managers know that the only way they're going to get fired is if they make a decision that turns out to be wrong. The easiest way to be secure in your job is to avoid taking decisions. The very managers who were hired to be executives - high-powered decision makers - are actually avoiding ever making a decision, in case it ends up reflecting badly on them. No manager has the guts to actually make a decision and face the potential consequences. Middle managers are experts in avoiding all responsibility.

We now have an office culture, completely dominated by a kind of 'pass the parcel' children's game. Everybody knows that things are going badly because nobody is doing any work and nobody is making any decisions or showing any kind of leadership. Instead, the buck gets passed round and round, as everybody tries to blame everybody else, and avoid any responsibility themselves. Often, it's the very people who are too busy doing the actual work who get blamed, because they didn't have the time to play the silly game and cover their arses.

You can be assured that when things go wrong, the blame will trickle down, until some poor sod on the front line is criticised for not staying on top of a totally unreasonable workload. Some poor scapegoat will be blamed, because they made a minor error, through exhaustion and stress.

What's remarkable is how few 'executives' actually face the chop themselves, when everything screws up. You would have thought that the whole point about receiving a big salary would be because you were the one taking responsibility, and therefore you would be to blame when things go wrong. However, there is absolutely no corporate accountability. It is the workers who are held accountable by their managers, because the workers are too busy to spend time justifying their existence and covering their arses.

The most profitable thing of all is to sit idle, on a pile of money. You can never make a mistake if you simply earn interest on your capital. There's nothing ventured at all, when your wealth is growing simply because you own the casino. House always wins.

If you have wealth, if you have success, if you have an audience and fame, then you can leverage it to become even more wealthy. What - pray tell - is the innovative business idea behind Keeping Up With the Kardiashians? Presumably, some family who are completely lacking in wealth and fame would also like to be highly paid to be featured on reality TV? However, it is only those who already have wealth who are given the opportunity to make more wealth.

This era of low growth and wealth worship is absolutely destroying society. The economy is run for a tiny elite with unimaginable wealth, while the vast majority struggle in dead-end careers that are stressful and boring.

Middle management is just a position in the lower order of the entourage of the oligarchs, royalty and fat cat plutocrats. Middle managers have bought into the belief that they are going to succeed in the capitalist's pyramid scheme. Organisation charts give the belief that you are 'only' a certain number of layers of management from being the CEO, but it's a con, because each layer of middle management expands the base of the pyramid by a factor of 10.

Organisations have now started to throw around job titles like "Vice President" and "Managing Director", and there are even CEOs who are not actually CEOs. An organisation like HSBC might have hundreds of "CEO"s amongst their 230,000 staff. It's just a bullshit job title given away to make somebody think they're getting ahead in the game.

The fact of the matter is that while we toil in the hope of a promotion and a pay rise, we are wasting our time because we are becoming de-skilled and institutionalised. Our grandfathers could build houses and fix mechanical things. Our office-based service industry economy has left most people unable to even change a lightbulb.

Come the revolution, when there are power cuts and the Internet stops working, how much use are your skills in forwarding emails?

The middle managers might be able to justify their jobs today, and are attempting to stuff as much money in the mattress as possible, but it won't be enough. Even property deeds, policing and the rule of law won't matter when the masses rise up in anger at having been oppressed for too long. Even soldiers are feeling the economic squeeze, and will be unwilling to turn their guns on their own people, in order to protect the plutocrats.

The unwillingness to address income inequality and share the wealth can only lead to popular uprisings.

Tags: #capitalism #career #banking #politics

This is a story about cyclical natures...

Summer = happy. Winter = sad. It's usually that simple. Why would anybody be happy in winter? Winter is a time of hibernation, cold, hunger and death.

However, human society has evolved to take advantage of seasonal variations. We all tend to have a wild time in August, as our children are off school and we also enjoy the good weather and general festivities. Summer brings optimism and joy, in line with our increased energy levels due to longer days and the balmy air temperature.

Frankly, this summer has been the most depressing that I can remember.

I thrive on human connection, and most people are distracted with all the fun of the fair at the moment. The bright lights and fanfare of the Olympics and other theatrical bullshit are titillating the fickle attentions of the proletariat. It's mighty dull for anybody who doesn't subscribe to the mass hysteria that can afflict our society of simpletons.

So, I'm riding out the summer, waiting for reality to bite and the true situation to reveal itself. Things always look better when bathed in golden sunlight. In the shortening days of the autumn, things are going to look pretty bleak. I don't relish the collapse in the current mood of delusional optimism, but at least destruction heralds reconstruction. So many things are broken. Limping along thinking everything is OK is not helping anybody.

I have now come to understand my own cyclical nature. Normally my moods are dictated by the prevailing weather, but now my mental health is so deeply damaged that even summertime cannot lift my depression. However, I'm able to appreciate that all of humanity is similarly affected by the weakness that means they feel unreasonably happy when the sun is shining.

Last year, I predicted a winter of discontent. This was plainly wrong.

But! I tend to be a bit premature with all my proclamations of doom. The number of years that I've been talking about a collapse in the London housing market have proven ridiculously wrong... although the bubble continues to inflate to epic proportions.

I was once young and naïve. Now I'm old and cynical.

I've made a few smart predictions: the credit crunch, the commodity boom (gold, oil) and Bitcoin. I've profited from astute investment and hedging during every crisis of the last 20 years. I'm most definitely proactive, not reactive.

The simplest thing to predict is that summer must come to an end. People will come back from holiday. The kids will go back to school. Workers will go back to their jobs.

In the cold light of day, everything's going to look pretty shit.

Tags: #economics #politics #bipolar

This is a story about world peace...

The star spangled banner. I'm not even an US citizen, and yet I feel a lump in my throat when I see the flag of the United States of America and hear the national anthem belted out by an angelic singer. I look at a Route 66 road sign and I'm transported to every Hollywood movie I've ever watched. American iconograhphy is embedded in every cell of my body.

We live in a world of uneasy peace. The Manhatten Project perfected atomic warfare before any other nation. The USA obilterated the cities of Hiroshima and Nagasaki, bringing Japan to her knees. America's military might is the iron fist that rules the world.

Do I object to the USA's role as world policeman and dominant culture? I'm torn.

The conventional view is that the atom bomb and America's willingness to evaporate hundreds of thousands of innocent civilians in an indiscriminate detonation of a weapon of mass destruction, was somehow for the greater good. It seems to me that the age of terror was actually ushered in by Western superpowers. Nothing could be more terrifying than nuclear holocaust.

The hypocrisy of the USA is palpable. While Israel benfits from nukes, tanks, guns, drones and warplanes, the Palestinian people are crowded together in occupied ghettos that bear no resembleance to the territories that were drawn up by the United Nations.

The United States is quite the warmonger, invading countries willy-nilly and committing a worldwide campaign of imperialist expansion.

However, everybody loves Mickey fucking Mouse, undeniably.

It's impossible to hate America. The people are so fucking nice. Have a nice fucking day. They're so damn positive and upbeat.

In a country where getting sick can see you bankrupt, and falling on hard times can see you more destitute than in a developing world country, the land of the 'free' is actually packed full of optimists, and for that reason I love it.

Britain and Japan are full of monarchic flag wavers who believe that they are owed some kind of divine right to rule. Clearly the inbreeding of the royal families has affected the mental capacity of residents. However, the United States is full of patriotic and positive citizens, who are happy just to cling onto the mistaken belief that they may be elevated from dire poverty and become one of the chosen few. It could happen. Anything can happen in America.

Even though the statistician/economist/socialist that dwells within me tells me that it's utterly fucking insane to cling onto the impossible dream that an average Joe might escape devastating poverty, at least there's fucking hope. Britain is a place where you'll know your place, which might mean free healthcare and not panhandling and hustling, but there's no upside either.

Do I want Trump to have the codes to nuke anybody though? No.

Tags: #politics

This is a story about taking responsibility...

What did you do to get fat, poor, alcoholic, addicted to drugs, mentally ill, bored and unfulfilled in your job and your life, into an abusive relationship, trapped onto benefits or otherwise cornered?

Those who think of themselves as having made smart life choices are quick to criticise those less fortunate than them, believing that the difference between them was simply one of choice.

A fat person simply chose to eat more calories than their energy requirement. If you mostly sit around watching TV, you don't need any more calories than those required to pump the muscle of your heart, move the diaphragm of your lungs, and for your cells to create enough heat to keep your blood at 37 degrees Celsius.

A poor person simply chose to not study very hard at school, and to not seek a lucrative career. If a poor person wants to become richer, there is an established path of acquiring academic qualifications, and then working your way up through the ranks to gain the experience you need to get a better job.

An alcoholic simply chose to not stop drinking before their body entered a state of alcohol dependence syndrome. The first time that you get the shakes after drinking, you could quit and possibly avoid delirium tremens and having a seizure.

A drug addict simply chose to continue to seek whatever escapism and pain numbing they found comforting in their drug of choice. A drug addict could simply choose to live with the pain and issues that they're trying to escape, or kill themselves in a much quicker way.

Mentally ill, stressed, anxious, depressed people simply chose to put themselves into an overwhelming situation that doesn't meet their needs and constantly bombards them with things that they have to do that they can't cope with. A depressed person could simply stop working, draw the curtains closed, and wait to be sacked and evicted onto the streets.

People in abusive relationships are simply choosing to not give up on their partner and remain optimistic about things getting resolved, or are simply choosing to be trapped into a cycle of abuse that fills them with so much fear that they feel unable to remove themselves from the situation. People in abusive relationships are simply choosing to not run away from the family home with their children, and live where? On the street?

People on benefits are simply choosing to not take a zero hours contract McJob on minimum wage that would see their benefits slashed as well as also having to spend all their paycheque on childcare so that some stranger can raise their kids, who they never get to see anymore because they're at work the whole time. People on benefits are choosing to live on a government handout that is not enough to pay for the basic essentials that they need, and puts them into a hand-to-mouth stressful existence with no hope of escape.

Maybe you could combine all these things, so that somebody is an overweight drunk with a drug habit, depressed, anxious, under-qualified for any decent job, and wedded to both the welfare state and an abusive partner, both of which have their claws into the person such that they can never escape.

Do you think it sounds appealing, the idea of living life without the comfort of food and eating? Life without the simple pleasure of sugary and fatty snacks. Do you think it sounds appealing, being stone cold sober and straight, with absolutely zero chemicals to alter your perception of the world, when your world consists of collecting benefits cheques that disappear like sand running through your fingers, with no hope for any kind of different future? Life without the numbing power of intoxicants, and the brief moments of joy that might be brought by other drugs, in an otherwise bleak and depressing existence.

Imagine having to give up your home, your partner, your family, your chemical crutches, your favourite food, and live in the cold harsh light of a reality of being single, alone, homeless, withdrawing from drugs and alcohol, dealing with depression and anxiety with nothing other than this magical bullshit thing called "willpower" alone.

Yes, it's all very well criticising the poor and unfortunate from your villa in Tuscany or the deck of a yacht. Yes, it's all very well talking about poor life choices, while you sit in your second home counting your money.

The truth of the matter though is this: the difference between successful people and unfortunate ones is pure blind luck.

We don't pick our shitty irresponsible lazy parents. We don't pick how wealthy our family is. We don't pick our schools. We don't pick whether we will have academic aptitude or not. We don't pick whether we can apply ourselves to the task of getting a lucrative job, or whether we hold onto unrealistic fantasies of becoming a pop singer or a Premiership footballer for far too long, before reality finally dawns on us. We don't pick whether we get to throw ourselves into our careers, our homes, our families, our pets, our hobbies... or whether we end up running to the bottle, the pills, the powders and the needle, in order to deal with the extraordinary shitness of daily existence.

Life is short. Life is shit. If your life is not shit, you're in no position to tell other people that it's because they're lazy, irresponsible, stupid and they made bad life choices. If your life is not shit, it's because you were lucky enough to be born into a family of reasonable wealth and education. You were lucky enough to fall into something that was lucky enough to work out. Yes, you made choices, but there was a huge component of luck that it worked out. Plenty of people made the same choices as you, but through no fault of their own, things didn't work out well for them.

In the blink of an eye, you can have an accident that will have life-changing consequences. In the blink of an eye, your one golden opportunity can pass you by, and you'll be shunted off the smooth tarmac and onto the rocky road. In the blink of an eye, your fortunes can change, and you find yourself cast into the seething mass of humanity, all crawling over each other like crabs in a bucket, trying to escape.

Just because you were lucky enough to make your escape, doesn't mean that anybody else can follow your special recipe, doesn't mean that anybody else can find their perfect job, can find fulfilment, contentment. Just remember: one slip and you're just as fucked as all the other people who weren't lucky like you were.

One slip and you're fucked.

Tags: #politics #homeless #abuse #alcohol #drugs #addiction #mentalhealth #depression

This is a story about invasions...

Are you worried about your culture being wiped out? Are you concerned that we could all end up speaking German, Japanese, Chinese or Arabic? Are you concerned that you will no longer be able to worship your favourite imaginary friend? Are you concerned that you'll have to salute a different combination of colours, stitched into fabric and raised on a flagpole?

When you look at nationalism, you'll see that it's pretty insane. While some people willingly learn another language and enthusiastically adopt the culture of another country, and go and live amongst those people, others believe that "our" way of life is worth dying for. In fact, they believe "our" way of life is worth killing for.

Why would somebody learn German and go and live in Germany? Surely that would be like surrendering to the enemy. Surely that would be a slap in the face to our brave grandfathers and great grandfathers, who fought in two world wars so that we never had to learn another foreign language or eat a bratwürst. Our dead relatives laid down their lives so that we should never have to suffer an Oktoberfest and drink large steins of cold beer brought to us by buxom wenches in lederhosen.

When we study history and people's attitudes, it was nationalism that was the main reason we went to war, not the protection of the Jews. The genocide that was being committed is what we are mainly taught about today in schools, but the strongly held belief in British hearts, was that we needed to protect our country.

Only when our European allies had been completely overwhelmed by German forces, and they had reached the northern beaches of France, did we decide to put some boots on the ground.

If you examine the rhetoric of Donald Trump and the Brexit movement, you will hear similar attempts to stoke up nationalistic fever and paranoia over an 'invasion'. Apparently, a "swarm" of brown people are on their way to our shores, intent on fucking up our national identity. We are told to live in fear and mistrust of our Muslim neighbours, who wear strange clothes and congregate in strange buildings. Islamic culture is so different from ours, and we are being trained to treat what is different with suspicion of an ulterior motive, of overwhelming everything we hold dear.

Talk of walls and pulling up the drawbridge. Shut down the borders. Send "them" home. Look after "are" (sic.) own. Britain First. Make America great. Blah blah blah.

But, if we ignore the social problems that are driving suport for far-right jingoistic nationalists, like Trump, Farage, Le Pen, then we fail to defeat them. By continuing to bury our head in the sand and repeatedly just cry "racist" and "bigot" then we continue to drive a wedge between enlightened liberals, and the vast numbers of poorly educated people who feel economically disenfranchised.

Why would I talk about economics? Surely ordinary British people just want an integrated society, full of fellow British people, not all these damn foreign types with their weird food and strange customs? Well, no not really. The reason why people have rounded on immigrants, as has been stated ad nauseum, is that people feel poor and insecure in their jobs. Ordinary people are economically disadvantaged, and there is a popular belief that immigrants are fuelling excessive competition for a finite number of jobs and resources.

I'm about to suggest another, more controversial reason, why we have been taught that the West has 'won' and our way of life is the correct one.

Let's leave all discussions about anti-Semitism and the holocaust aside. Of course, any discrimination based on colour or creed is wrong. Of course, any act of genocide is deplorable. These things are not the topic of my thesis. Let's set those points to one side, because they're discussed at length elsewhere.

Now, let's think about how the Nazis swept to power. Do you think Hitler said "let's kill all the Jews" and all the Germans went "Yeah! Brilliant idea! Let's vote for this guy!". Nope. Even if the Nazi policies of getting rid of gypsies, homosexuals, the mentally ill, Jews and other minority groups was central to their meteoric rise to power, something else was driving it.

Think about the economic situation in Nazi Germany. The country was saddled with debt. The war bonds were a crippling millstone around the neck of the ordinary German people. For every Deutsche Mark that was produced by hard working ordinary Germans, 17 more Marks had to be found for the repayment of national debt. The German people felt enslaved to the money lenders, and the money lenders were perceived as Shylocks (Jewish money lenders, Jewish bankers).

In the twenty year period in-between the world wars, ordinary Germans had been massively economically disadvantaged by the national debt, in the form of war bonds and reparations, that their own government and nation had taken on. Do you think the ordinary Germans felt that they owed this debt? Do you think that, given the choice, they would have borrowed so much?

The German people wished to free themselves from the slavery of interest payments and the tyranny of capitalism. The Nazi movement was essentially an anti-capitalist movement, with the ideas of Gottfried Feder at its roots. The Nazi movement was more akin to communism than the neoliberal capitalist democracy that we assume was the basis for all Western economies in the 20th century.

How were the Nazis able to motivate so many people to work hard to produce vast quantities weapons of war that are hard to not admire, for their sheer feat of engineering prowess? Germany took a great leap forward in putting the instruments of industry to productive use. From a position of being economically depressed, and with massive financial problems, how was it able to build airships, planes, tanks, bombs, guns, and massive amounts of infrastructure to support itself? How did Germany go from depressed doldrums, to becoming a world superpower, so quickly?

The answer is that they abandoned capitalism.

What, in essence, is capitalism anyway? Well, it's putting capital to work, through interest bearing financial instruments. Instead of having labour exchanged for food or goods or services, instead, debt is exchanged for factories and machinery, and people work because they don't own any of the factories or farms anymore. Where does the capital come from? The capitalists. Where does money flow to? Back to the capitalists.

Gottfried Feder figured out the pyramid scheme of capitalism. In his Manifesto for the Abolition of Interest Slavery, Feder explains how the owner of a factory does not benefit from the productive output, and neither do the workers either. Instead, the bonds that paid to purchase the factory bear effortless interest, meaning the profits of the factory flow back to the capitalist. The people who work in the factories need to buy the goods that the factory produces, so, their money again flows back to the capitalists. And through the exponentially multiplative effect of compound interest, the capitalists will grow ever richer, while never having to do a single day's labour. Infinite endless effortless capital.

It was an economic idea that brought the Nazis to power and kept them there. The Nazis brought a sense of prosperity and wellbeing to a nation that had felt depressed and enslaved to the capitalists. The Nazis brought about pride, not in the nation, nor the flag, nor the Nazi party, but in their productive contribution. People feel proud to have done a good day's work and to have produced something. Economic depressions rob people of their feeling of self worth. Economic depressions rob people of their self esteem.

Now, if we look at Islam, we can see that a core teaching of the Muslim faith is that earning interest is a sin.

In fact, do you think of yourself as Christian? Yes? Did you know that Christian supposedly means that you're Christian. That is to say, you follow the teachings of Jesus Christ our Lord and saviour. Do you believe in Christ?

Well, Christ is documented as saying "build no store of wealth on this Earth". Christ is documented as smashing the tables of the money lenders in Herod's temple. Think about that for a second.

Had time to digest that? Yes, that's right. Jesus Christ was anti-capitalist.

So, if we look at the successful religions from the past 2,000 years, and the most recently succesful attempts at world domination, you will see that anti-capitalism is the secret to their success.

Look at the Chinese. In 58 years, the Chinese have brought a nation of 1.3 billion people into economic prosperity. China has become a world superpower. China is one of the largest economies on the planet. How did they achieve that? By rejecting capitalism.

Islam counts 1.6 billion souls following the Muslim faith, and enshrined in law in Arab countries is the illegality of charging interest on loans. Imagine that! Imagine every bank in Europe and America being no longer allowed to charge any interest!

So, if you're looking for a reason why we should all fear the 'invasion' of these conquering hordes, and the demise of our precious culture, you might find that you're empathising with the likes of Rothschild and Goldman Sachs, cowering in terror because their plutocracy is about to be overthrown by the people that they have economically enslaved.

Why do we have a nation of bankers, lawyers and accountants, when those professions are only needed by the very wealthiest 0.1%? We are shaped in the image of what our rulers think is important. When we are governed by billionaires and millionaires, our whole nation and the priorities of our laws are shifted towards supporting their needs, not ours. We are producing trillions of dollars worth of useless derivatives, rather than useful goods & services.

Imagine if we took our best & brightest out of UBS, JPMorgan, Deutsche Bank, Merrill Lynch, and instead deployed them to work in science and engineering. Imagine if we took our hardworking poor in McJobs, and instead allowed them to build wonderful things for the betterment of humanity. Imagine how much happier and productive everybody would be if they were working towards something, rather than against everything.

Our world is so adversarial, with us & them, the haves and the have-nots, the rich and the poor, the wealthy white Westerners and those pesky brown people who want a few crumbs from the table.

In actual fact, there's plenty of everything to go around, but we are so intent on playing by the existing rules of the game, that we fail to wake up and realise that we are propping up a status quo that only makes us poor, disadvantaged and divided.

What have the Nazis ever done for us? They've shown us that economic ideas can create prosperity, optimism and productivity. They've shown us that there's a better way than neoliberal capitalist democracy.

It's distasteful to revere the successes of the Nazis, because I might be seen as also endorsing their genocide and ethnic cleansing. However, what could be more ethnically cleansing than building a massive wall, deporting all the Latinos and banning people of a certain religious faith from entering your country? Trump epitomises everything that is bad about the Nazis, whilst offering nothing that was good about them.

We need to cherry pick the best ideas, and we need to get rid of the ideas that enslave us and hurt the vast majority of ordinary people.

Tags: #economics #politics #capitalism

This is a story about the rich:poor divide...

Theresa May, the British prime minister, had the gall to lecture the poor on living within their means. In actual fact, the poor are working hard and just trying to keep up with the wealthy, who are racing ahead.

If you look at the Instagram account called Rich Kids of Instagram you will see that it is extremely popular. 'Reality' TV shows that have followed mega-rich people like Ozzy Osborne and family, the Kardashians and the cast of Made in Chelsea, are some of the most viewed and talked about things on television. Wealth worship is everywhere, and is it wrong for people to feel that they deserve a little of the life that is rammed down their throats by the media?

When we are talking about living within our means, this is coming from politicians who spend 6-figure sums of money each year on expenses alone, while also pocketing salaries that are many many times more than the average wage. The problem comes right from the top. The more that rich public figures splash their cash, the more the hypocrisy is insulting when they tell the poor to tighten their belts.

How many people on council estates are driving Ferraris that they can't afford the repayments on? How many hardworking families have ordered yachts that they now can't afford to pay the remaining balance on?

When we talk about living within our means, we are talking about people who are quite familiar with budgeting, make do and mending, and the general attitudes of postwar austerity. Really, when talking about living within our means, we should be talking to the banks, who recklessly endangered their financial stability by not living within their means in terms of their ability to maintain solvency. It's the banks that are insufficiently capitalised and are excessively over-leveraged. It's the banks that have lent many, many, many times more money than their reserves allow, in the pursuit of endless effortless profits.

When a person borrows money, they intend to repay that money using hard work. The borrower will go to their job every day, and be productive. In return for a person's hard work - productivity - they will receive their salary, with which they will buy the things that they need and repay their debts.

When a banker lends money, they intend to profit for no labour at all. Through interest slavery, the banker will make money, simply because they already have money. Using the money multiplier - fractional reserve banking - the banker will in fact be able to lend the same money, over and over and over again, multiplying the amount of effortless interest that is earned each time.

It is the banks who are not living within their means, nor being hardworking or productive in any way. It is the banks who have decimated global finances, and are now demanding that the hardworking people accept austerity, pay freezes, job insecurity, unemployment and low growth, simply because they overstretched themselves in pursuit of yet more effortless and labour free income for doing absolutely nothing.

Let's imagine that a banker, with zero money of his own, is paying a generous interest rate of 0.25% on deposits - exactly the same as the Bank of England. Using a fractional reserve of 5%, which is the minimum requirement for today's stress-tests of banks, to make sure they're adequately capitalised in the event of another credit crunch, that means the banker can multiply a £1,000 deposit into nearly £19,000 worth of loans. Obviously, the loans carry a hefty interest rate. Let's imagine that the banker lends out the £19k as overdrafts, which often carry a 20% APR on the high street. In a year, the banker will now net nearly £4,000 of profit, for doing absolutely nothing, out of just a £1,000 deposit. That's a 4 to 1 ratio! For every £1 deposited with Utter Bastard Bank Plc, they're going to make nearly £4!!

So, while the poor toil and tighten their belts, buying the cheapest groceries they can and cutting back on every expense, the banks are getting fat for doing absolutely nothing at all. Interest slavery is a con and a crime, and the perpetuation of this situation is the only reason why ordinary hardworking people are having to suffer NHS cuts, crowded public transport, packed classrooms, pay cuts, redundancies and every other economic penalty for the bankers' failure to live within their means.

Yes, we'd all like to make money while we sleep. Yes, we'd all like money for nothing. However, a bank is just utter bullshit. A bank is supposed to be an instrument to grease the wheels of commerce, not a massive leech, sucking so many pounds out of people's pockets, for every penny they leave in their bank accounts.

And, when you're richer, the things that go wrong in your life are mere pocket change. Let's look at a person who earns £20k, versus a banker who earns £200k, i.e. a 10 to 1 ratio:

• Parking fine £50... costs the banker £5
• Car breakdown £500... costs the banker £50
• Need a new central heating boiler £3,000... costs the banker £300
• Private school fees £12,000... costs the banker £1,200
• Food £300... costs the banker £30
• Holiday £700... costs the banker £70

Imagine if your budget used the values that the banker pays. They're a much smaller percentage of your income, aren't they? Life would be a lot easier if everything cost 1/10th of what it does. Well, guess what, the banker pays exactly what you pay, except they earn 10 times as much, so the two things are equivalent.

Everybody's car breaks down from time to time. It's a fact of life. In fact the shitty old unreliable banger that the poor family bought, is much more likely to break down than the brand new BMW that has a warranty, that the banker bought.

Once you've got money, you can keep it and you can make some more. If you haven't got any, no amount of living within your means is going to improve your situtation. It's a con. It's utter bullshit. It's a swindle.

When the banks in Italy start to fail, and cause a domino-like collapse of all the banks across the world in a re-run of the 2007/08 financial crisis, except much, much worse, it will become apparent that all of the suffering that ordinary people have gone through in order to rescue a deeply flawed banking system, was for nothing.

I think people are going to be pretty angry when they realise that patronising idiots like Theresa May arrived in their positions of power by luck not good judgement. I think people are going to be pretty angry when they find out that the good times never stopped in the City of London, and pay rises and bonuses are just as big as they ever were, while all the hardworking ordinary people suffer the consequences of propping up a broken and corrupt system.

It's time to smash the system, and rip it out of the hands of a psychopathic elite who would have us starving and dirty, living on the streets, if it meant they could maintain their ill-gotten position of wealth, power and domination.

What's the difference between a successful banker and a struggling worker? Absolutely fuck all, apart from pure dumb luck, but those arrogant fucks don't even realise how fucking hypocritical and patronising they are when they accuse other people of being underachievers, having been profligate and poorly mismanaged their finances, and having not worked hard enough.

It incenses me, that a tiny handful have such unimaginable wealth, when so many billions live in abject poverty. Just 62 people have as much money as 3.6 billion others. There is so much that is wrong with that. Off with their fucking heads!

Tags: #banking #capitalism #politics

This is a story about profit...

If you work in a free market capitalist economy, the company you work for is run for maximum profitability. In order to maximise profits, a company will have the fewest possible admin staff it can, to keep overheads low, whilst also having as many revenue generating staff members as the demand for the company's products and services can support. There are no jobs that are created, solely for the benefit of the employee.

Think about it: if you were to quit, the things that you do wouldn't be getting done. If you're in an administrative function, perhaps that means bills not getting paid, invoices not being issued or regulatory requirements not being met. Sooner or later your business is going to get shut down if it neglects its backoffice functions. If you're in a sales function, that means less revenue for the business. Less revenue means less turnover, which lowers the company's valuation, making it harder for them to raise money for expansion. Less revenue means lower profits, meaning less champagne at the shareholders' annual meeting and tough questions asked of the board of directors.

Your salary is a payment for your time. Your time is then used to enable the company to continue to trade, or to make it directly more profitable. Your salary is offset by profits. Your salary is not a gift, out of the kindness of the heart of your boss. Your salary is way less than the profit that somebody else will pocket, for your efforts. Your salary is a price worth paying because the things that you do while at work will generate more money than it costs to employ you.

The business of employing people, is the process of getting somebody to do something instead of you doing it, but you get to keep a proportion of the fruits of their labour. The profit generated is many, many times more than the cost of the wages.

And so, we have described the ragged trousered philanthropists. It is the workers who are generously donating the vast proportion of the fruits of their labour, to an idle wealthy elite who employ them. The wages of those who toil at the bottom of the pyramid scheme, are inadequate to pay for high quality housing, the education of their children and nutritious food. Instead, the people who pick your vegetables and build your houses, and generally give themselves arthritic joints, bad backs and knackered knees, are left with ill health and a pittance of a pension when they are so overworked that they can no longer remain in the workforce.

But, we are told, you should count yourself lucky to have a job!

Lucky? Lucky? Oh, how terribly fortunate that I have enabled members of the board of directors to buy another yacht, or to purchase another rare artwork to hang on the walls of their mansion. La-de-da, how lucky I am to have been able to plump up the trust funds and offshore bank balances of rich shareholders.

But, there's nothing to stop the likes of you or I from quitting our jobs, and starting our own companies, is there?

Well, there are economies of scale and there are monopolies. Certain businesses will not be very profitable for the likes of you or I, because they have a low gross margin. When a company grows very large through acquisitions, swallowing up all of its competitors, it is better placed to capitalise on a market, because it's a dominant player. Also, the cost of administrative, legal and tax obligations as percentage of the overall running costs, is much lower for the very large company, which makes it more profitable.

When a company becomes very large indeed, it is even able to headquarter itself in a country with a favourable tax deal, so all the wealth that is generated by those ragged-trousered philanthropists, flows out of the country where they live and work, so even their public services become deprived of their vital cash.

Yes, you must consider yourself lucky to be able to have grown your company so large that it is able to cheat even the government out of the taxes that would pay for higher quality housing, healthcare and eduction, that would at least be some recompense for the fact that you see such a tiny share of the profit that you generate.

But don't companies offer their staff share options, and bonuses? No. These schemes are just scams to buy your loyalty cheaply. Share options cost far less than offering an attractive salary that would keep you with the company. When you really look into how much money you're going to make when you can finally exercise the options, you will see that your employer has bought your loyalty extremely cheaply.

The pips have been squeezed too much, and the wealth has not been shared. Large companies have not made the societal contributions that we must all make - taxes - to prevent the ordinary workers from suffering a drop in living standards. Education, healthcare, public transport, housing: these things are all chronically underfunded, while the mega-rich are opulently wealthy, living in a totally different world from those who toil tirelessly to add yet more zeros onto obscene bank balances.

It's time to soak the rich, not be grateful for our jobs.

Tags: #capitalism #banking #politics

This is a story about information technology...

In the beginning, there were sticks and rocks and maybe bits of vine. Perhaps there was some clay, and with fire, there came pottery.

There was the iron age, where metal tools were made, like the scythe, which led to greater agricultural yields.

The industrial revolution brought us steam power, and the use of coal as a source of vast quantities of energy far outstripped what could be achieved with horses and manpower.

Two world wars meant huge advances in factories and mass production, meaning that many more goods could be manufactured than would ever be needed by humanity. There are 62 Lego bricks for every man, woman and child on the planet.

Industrial chemistry - such as the Haber process - can produce vast quantities of fertilisers and pesticides, to give us food surpluses that are capable of adequately feeding every member of the human race.

The loom, which has been improved beyond all recognition to give us today's weaving and knitting machines, is now producing enough textiles that even the very poorest are able to wear garments that are recognisably 'fashionable'.

Medicine and surgery has advanced to the point where injuries and infections are now largely survivable. Germ theory, soap, disinfectant and antibiotics protect us from microbes, while chemotherapy, radiotherapy and surgical interventions can often save many patients with different types of cancer.

The jet engine has shrunk the globe. People hop from continent to continent as if they were catching a train to work, and even the steam-powered locomotive is a relatively recent nation-shrinking innovation. With the intermingling of different cultures, the world's leading universities are able to share their top scholars and the very best ideas and research are circulated throughout academia.

But what of information technology?

Has the information age fulfilled its promises? As a young boy growing up in 1980s and 1990s Britain, I used to enjoy watching a BBC television program called Tomorrow's World. Many of us living in the postwar age of optimism and hope for the future, imagined a world filled with robots and hovercars. Where the fuck are they?

When I turn up at one of the railway stations that the Victorians built, instead of buying a ticket from a real person, I buy one from a robot. Except that this ticket machine still needs a real person to come along and extract the cash that it has collected in its hopper. The ticket machines still need a person to come along and replenish the spool of blank tickets, ready to be printed. Is there really much labour being saved?

Train travel in London is a particularly hot topic. When I travel on the Docklands Light Railway, the train is driverless. However, there is still a person on board to close the doors and check tickets. Tube drivers are unable to drive through a red signal without the train brakes being automatically triggered, but yet, we still have human drivers to tell us to stand clear of the doors and mind the gap [between the train and the platform].

We've all seen pictures of futuristic factories where robot arms are welding automobile bodies together, or spraypainting. The pictures of those robot arms have been standard stock footage of the factories of the future for my entire life. But yet, at the old car factory in Oxford - near where I grew up - BMW still have armies of people screwing Minis together by hand in a big production line. Surely, that can't be right, can it?

At the end of the day, computers aren't much use for anything, are they?

Quantum Mechanics, the biggest breakthrough in physics since the days of Newton, 200 years earlier, and the 'splitting' of the atomic nucleus, was all achieved without the programmable computer that we would recognise today. At the very same time as the undoubtably brilliant Alan Turing was creating the Enigma machine, the secrets of the subatomic world were being unlocked to unleash the atom bomb. Clearly, computers were not necessary for giant leaps forward in science.

The work at Bell Labs that yielded the semiconductor technology that's at the root of everything that we see as valuable today, was being done without the very microchips that were born due to the invention of the transistor. The world's most valuable company - Apple - puts computer chips inside boxes with a picture of a piece of half-eaten fruit on the outside.

So, now, what is the result, today?

Well, a bunch of geeks meet up to discuss how to address the crises that face humanity, using information technology. Then, tellingly, it turns out that it's all fake. It's all utter bullshit. It's all vapourware crap.

The I Sea app epitomises everything about the false promise of the information technology age for me, where complete fucktard "social media marketing" experts and ad-agency douchebags, who couldn't organise a piss up in a brewery, simply concoct some toxic vapourware bullshit that they know will be newsworthy (i.e. clickbait).

Yes, we can all imagine some pretty funky stuff, but it's science fiction not science fact. When all the posturing and hypothesising and dreaming is done, there are relatively few actual engineers out there who can tell you what can and can't be done with technology.

At the end of the day, we're talking about computer systems that were created to be some kind of automated abacus. The computers we have today were invented to count beans. The computers we have today are very good if you want to do some kind of compound interest calculation, but they're not going to solve world hunger. We already did that when we invented the tractor, combine harvester, fertiliser and insecticide.

So, if somebody tells you that machine learning, big data, artificial intelligence (AI), gamification and social media are going to solve all the world's problems, you have my permission to shout "BULLSHIT!" in their face really loudly. In fact, I encourage you to do so. We need less ineffectual waste-of-space blaggers in the world.

Tags: #computing #socialmedia #politics #capitalism

This is a story about Tower Hamlets...

Where I live, Muslims aren't 0.9% of the population like in the USA. Where I live, Muslims aren't 5% of the population, like in the whole of England. Where I live, the Muslim population is 46%. What do you think that's like?

Tower Hamlets is a place of huge socioeconomic divide. The council that governs this particular part of the UK, houses some of the poorest members of society, yet it is also the home to the headquarters of HSBC: the biggest bank in Europe, along with massive tower blocks for the likes of Citigroup, JPMorgan, Barclays, Fitch & Moody's, Morgan Stanley, Credit Suisse and giant accountancy & legal firms like KPMG and Clifford Chance.

While I sit on the banks of the River Thames penning essays like this one, slightly inland there are deprived council estates that are the modern equivalent of the Victorian slums. This is London. While I go to the dry cleaners to collect my freshly laundered shirts for the working week, or do some food shopping in Waitrose, my neighbours - certainly those who you would recognise as 'English' - are in the betting shops or buying lottery tickets at the convenience store.

If you think I've wandered into snobbery, you're wrong. I'm simply an observer. It's true that I occupy a priviledged position, but anybody is capable of making similar observations.

You know, I don't feel at all safe, boarding an underground train in a sea of white faces at 6pm on a weekday evening. Canary Wharf is crawling with rich middle-class people, and the station is packed to the rafters. Often times, the escalator is carrying so many office workers down to the packed concourse that people start to pile up at the bottom, in a rather comic way.

But when I head away from the glistening tower blocks filled with middle and back office drones, I start to feel safe again. London never feels like real London when it divides itself. The private estate of Canary Wharf, and the protected enclave of the City of London, with its 'Ring of Steel' are just crying out to be attacked, because they are sending out a message of "no poor people welcome here".

It feels like no atrocity is ever going to be committed in the markets of Brick Lane, where hipsters flock because of East London's famous Asian community. It feels like no atrocity is ever going to be committed on the Commercial Road or on Petticoat Lane, where large courtyards are filled with people praying towards Mecca.

London's great advantage is not integration, but tolerance. Everybody knows that the Edgware Road is somewhere to go and drink tea and smoke shisha. Everybody knows that all the Aussies and Kiwis have colonised Hammersmith and Shepherd's Bush. Everybody knows that Clapham and North London are the places that young wealthy white professionals frequent, whilst Camden is for dope smokers and tourists. Curry on Brick Lane. Chinatown. Little Venice. The cultural divisions are manifest.

London is not in the least bit integrated, but that's its great strength. Rather than relegating the poor entirely into the undesirable suburbs, like with Paris, social housing has brought otherwise 'undesirable' people into the very heart of the city.

The scariest places are Canary Wharf and the City because they have no residential housing, so therefore, they are almost 100% white middle class, filled with guffawing hooray Henries who have absolutely zero idea about the life of an underpriviledged person.

I used to live a stone's throw from the UK's Foreign Secretary - Boris Johnson - but not in a multimillion pound Georgian town house. My landlady was illegally subletting her council flat while she lived a life of idle luxury in Spain. On the towpath of the canal that the back of my apartment used to overlook, I would be verbally abused by Islington and Hackney's less fortunate residents, for being a yuppie. That sort of shit keeps you humble.

Now, 'right to buy' has gifted wealth to a few social housing tenants, but the gentrification of London is a terrible thing.

There are 1.6 billion Muslims in the world, so it's right that I should live in a community where nearly 50% subscribe to the Islamic doctrine. My life is certainly none the poorer for being mindful of important religious events, like Ramadan.

Britain and London's great victory was in diplomacy and tolerance. Our American-style anti-immigration and anti-Islamic rhetoric is only going to fuel tensions that were entirely imperceptible, until the USA decided to involve itself in Gulf conflicts in the early 1990s. We are paying a greater and greater price for the 'special relationship' with the US that affects our long-standing good relations with our Middle Eastern friends and allies.

Citizens of the United Kingdom would be well advised to remind themselves that Iraq, Iran and Syria had a thriving middle class, before their countries were torn apart by war, sanctions and CIA destabilisation.

You reap what you sow, and this anti-Islamic sentiment is completely undermining everything that I stand for as a diplomatic British Londoner.

Tags: #politics #london

This is a story about brainwashing...

How do you think that somebody who has worked for the best part of 20 years in the investment banking technology sector, mostly as an IT consultant, would re-adjust to being under lock and key in a psychiatric hospital? The answer is: very easily.

Hospitals and the NHS are a home from home for anybody who's worked for an organisation with hundreds of thousands of employees. The ways that large organisations function are largely the same. The way that systems and processes are supposed to control large numbers of people, are nearly identical.

Being in the loony bin was welcome relief from the bullshit day job, but it's not like I had absented myself from all responsibilities. I still had to have my wits about me to avoid being medicated against my will and put under a 'section' - involuntary commitment to a secure facility, by rule of law - which could have seen my 2 week voluntary stay extended anywhere from 28 days to 6 months.

How did I manage it so easily? Perhaps it's because I knew I could leave any time I wanted to, but perhaps it could be because nearly 20 years of going to a shit office to do a shit job, has kinda prepared me for the monotony, rhythm and routine of spending weeks on end trapped somewhere I don't want to be.

There was a danger that just the very act of asking to leave could have triggered the doctors to decide to force me to stay longer. I knew that I had to remain calm, and give the medical team  enough of a peek at my psyche to be able to make a judgement that I was safe to release back into the wilderness.

The psychiatrist who took me under his care was in two minds, after 6 days, whether he was going to insist on 'committing' me, so that he'd get 28 or so days to poke around inside my head. Naturally, most people would freak out, if they found out that their liberty was about to be taken away from them. It's a game of brinksmanship: who's going to blink first.

Obviously, we don't 'commit' people any more to asylums. Instead we detain them under a section of the Mental Health Act, and put them in secure psychiatric facilities. You're no longer a loony in the loony bin. You're a "service user" in a "care facility". Of course, I'm not saying that the function is not useful or should not be trusted. I'm just pointing out that the names of things have been changed.

Bizarrely, if you say "I'm going to kill myself, I need to be locked up" you are very unlikely to be locked up. If you walk up to the hospital reception desk and use their phone to contact the switchboard, ask to be connected to the bleep holder for Psychiatric Liaison, and explain frankly your situation, you will have an amusing conversation with the poor Psychiatrist who has to follow official channels, but you're not going to get anywhere. The times that I have been admitted as an inpatient to a psychiatric facility, it has just taken time & patience. Only the truly desperate will sit in Accident & Emergency for 13 hours just patiently waiting for help.

Conversely, if you say "I'm not mad, I'm fine" once you're in the system, or in any way try to rush the process along, you're going to end up held down on the floor with somebody injecting Risperidone and Haloperidol in you, and you might wake up 40 years later, shuffling around the corridors of some institution, with the marked side effects of powerful psychiatric drugs causing you to make involuntary facial movements.

You can't fight the system. You can't fight the frustrating fact that you'll never get ahead in life and must instead sit at a desk keeping a seat warm, just so that your boss can appoint somebody from outside the company to come in and be incompetent at the job you were hoping to be promoted into, even though you were experienced and qualified to do it. You can't fight the frustrating fact that your miserable boring existence, helping the rich get richer and the poor get poorer, is making you pretty depressed, and you really want to fuck everything off and watch everything burn down.

Who is mad and who is sane? That doctor who just declared you to be mentally ill probably talks to their imaginary friend called Dob or Gob or Dog or Dod (or is it God?) who really knows? There's no proof that their imaginary friend exists, just like the doctor has no proof that the voices you hear aren't real and you aren't actually the Son of Dob, resurrected on Earth.

The invisible line between sane and insane is very blurry, when billions of people genuinely believe in magic, invisible entities that don't exist, and have absolute faith that some children's fairy tales are actually instructions that should be devoutly and literally followed to the letter as some kind of prescription for life.

It seems highly irreverent to say it, but people need to speak up, because the loonies are actually in charge of the asylum, when we elect and hand over power to people who believe in their invisible friends, fairy tales and magic.

By the way, for the record, I don't hear voices and I don't think I'm Jesus. But then, saying that kinda makes me sound a bit mad, doesn't it?

Tags: #mentalhealth #nhs #hospital #suicide #depression #religion #politics