This is a story about a fictitious bear and an imaginary bull...

To explain how a speculative bubble bursts is very easy indeed. Investors are like a herd of cattle. They are not rational actors. When a critical mass of investors become spooked and start selling off their investments, this creates a market with more sellers than buyers, which means the asking price for financial instruments has to be lower to attract more buyers. Pretty soon, there is a stampede, as all the investors try to 'cash in' their investments and take their profits or minimise their losses. The asking price drops lower and lower, and buyers simply wait, knowing that the ever growing crowd of panicked sellers will underbid each other in a desperate attempt to offload their devaluing assets.

Anyway, that's so simple and obvious that it doesn't warrant further discussion. What I want to write about is what causes a speculative bubble in the first place.

We could look at historical examples, like the tulip mania during the Dutch Golden Age, with tulip bulb prices peaking in 1637, before crashing spectacularly. The Madness of Crowds explains the crash, but not the initial price bubble, in any satisfactory way for the modern financial markets.

To understand your average investor in publicly listed companies on the major stock exchanges, you only need to understand two human characteristics: greed and laziness.

The greed part is simple. Any of your friends who have reached a point of economic prosperity where they have disposable income are likely to have 'invested' some of their wealth. It's highly unlikely that they made angel investments in small startup companies where they knew the founders, the business model and understood the domain in which the embryonic enterprise operated. Instead, they thought they could make a quick buck by buying shares in a major corporation.

The laziness part is slightly more complex. The lazy divide into two groups. The speculative private investor looking to make a quick buck isn't interested in doing any actual work in order to earn their extra wealth. One phonecall to your stockbroker, having read a stock tip in your preferred newspaper does not count as an investment of labour, and so it is clear that these investors are lazy.

The second group are institutional investment managers: the people who look after pension funds. Now, you can ignore profit:equity (PE) ratios, yields, earnings per share (EPS), turnover and EBITDAs (Earnings Before Interest, Tax, Depreciation and Amortisation). You can ignore the philosophy of Warren Buffet, who is an active shareholder. The pension fund manager is passive and invests for one reason and one reason alone: the market capitalisation of the public company has reached a certain threshold. That is to say, the market values a public company above a certain amount of money.

To understand market cap, let's take Apple Inc. as an example. We take the number of Apple shares that are issued (5.4 billion at time of writing) and multiply that by the share price ($118 at time of writing) and we arrive at a market capitalisation of $637 billion. That is to say, if you had a spare $637 billion in your bank account, you could buy Apple outright^*: every single share. You would be the sole shareholder of Apple, which is the biggest company in the world, by market capitalisation.

Now, Apple might have absolutely dog shit products lined up for the next 10 years. The CEO, Tim Cook could be an absolute moron who's going to run the company into the ground. The institutional investment manager doesn't give two hoots. They're going to buy Apple stock simply because it's highly valued. In fact, they're going to buy ALL the highly valued companies, above a certain market capitalisation.

In the UK, we have a kind of football league, with the premier league being the FTSE100 and then the league below being the FTSE250. As the market caps change, companies drop in and out of these 'leagues'. Consequently, investment managers will buy the new entrants and sell the ones that drop out. Easy as pie, right?

The laziness that drives all this is retirement. People saving for retirement are too lazy to make their own investments that ensure the value of their pension is not eroded by inflation, so they get an investment manager to 'track' the value of an index like the FTSE100, which generally outperforms inflation, over a long period of time. That makes sense, right? Money invested in the 'best' companies, should outperform money that's just sitting in the bank earning interest.

Furthermore, when people come to retire, they want their pension pot to be managed for income not for growth, but they're still too lazy to shop around to make sure that the yield or dividends that they are receiving on their pot of money give them the best possible income, while also protecting their capital.

In essence, the biggest part of our economy is driven by greedy lazy people. Instead of the industrious and ingenious entrepreneurs finding it easy to borrow money or sell a share of their company in order to raise the capital they need to grow, the sad reality is that almost all of the wealth in the developed world is ploughed into corporate behemoths that have already extracted all their value from the public, in order to keep people who have nearly reached the end of their lives in the manner to which they have become accustomed to.

Yes, that's right. By the time a company comes to the point where it floats on a stock exchange, it has peaked. It's time for the original founders, angel investors, venture capitalists, private equity and other shareholders to now cash in and fleece the public by offering their shares in an Initial Public Offering (IPO). Because the company has reached a certain 'valuation' (as decided by market sentiment and the bullshit written by the underwriting investment bank in the prospectus) then it has to be bought by the institutional investors, because it is highly likely to have a market cap that will put it straight into the FTSE100 or FTSE250. The companies with the smallest market cap in the FTSE250 are around £400m; for comparison Twitter floated with a market cap of $30,000m, which is 75 times more.

Let's take a hypothetical example. If I was to build a company with a turnover of approximately £20m per month, or £240m per year, then one might say that it could be valued using a rough multiplier of 2x turnover at £500m. That would easily be enough to make for an attractive IPO, because the market cap is going to attract all the institutional investors who have to buy FTSE250 companies. In effect, the IPO is underwritten by the pension tracker funds.

Therefore, greedy lazy people buy dog shit stock, it appreciates in value because of market sentiment - "ooh the price is going up, let's buy more" - and the fact that public companies can use their shares to acquire other companies (growth through acquisition) until they have a dominant market position (some may say monopoly, ahem!).

Growth through acquisition is not really growth. If I have 100% of the shares in company A, and 0% of the shares in company B, and then I use 49% of my shares and a bit of cash to acquire company B, such that I now own 51% of company A and 51% of company B, no new value has been created. There may be cost savings, there may be benefits from anticompetitive practices, but really all I'm doing is increasing the market cap of the parent company, hoping to move from the FTSE250 to the FTSE100, where a whole load more pension funds will have to buy shares for their index trackers.

The same deal goes on in the US, where companies are trying to IPO at a certain valuation in order to get into the Dow Jones or the NASDAQ, such that the US tracker funds will have to invest. The public - mostly pensioners - get fleeced.

So, in conclusion, the cause of a speculative bubble is actually institutional. Because the pension funds are so massive and they are passive investors, using index tracker funds, there is an immense amount of fake value created by mergers and acquisitions, as growth by acquisition carries such huge rewards. This starves the companies - who are truly growing and innovating - of much needed investment capital, stifling the economy and instead creating corporate giants who are too big to fail.

Eventually, the central banks and the rest of the money multiplying machine reaches the limit of how much the value of dinosaur institutions can be artificially inflated. These dinosaurs move at glacial pace and stifle change and competition. The lack of efficiency of markets to deliver capital to those companies who have true growth potential, undermines the economy for years, until finally things reach breaking point.

Overvalued companies, market disruption by venture-capital backed challengers, the faltering of capital gain and the end of effortless profits, are the things that spook the lazy, greedy investors. So, then begins the market crash.

The dying behemoths are dangerous animals. For example, the 'too big to fail' banks were able to hold the world's largest economies to ransom, with the threat of unimaginable disruption to our systems of payment and borrowing that underpin so many mortgages, overdrafts, credit cards, car loans and how we get and spend our wages each month.

For now, the status quo persists, because the idea of smoothly transitioning to truly free and competitive markets is beyond comprehension, such is the web of complexity that has been created by supranational organisations that have swallowed so many competitors around the globe.

Until we move to active investment rather than passive investment, we will always have the cycles of boom & bust.

Tags: #economics #capitalism

* - You couldn't actually buy all Apple's shares for $118 each, because the very process of buying up all the available stock for sale would drive up the price. I merely offer a simplified example.

This is a story about liberal arrogance...

Ah, caps lock, my old friend. Also, exclamation marks: you can never use too many. Do you think if there was more caps lock typing and sentences ended with multiple exclamation marks, we could wake the sheeple from their coma? The sheeple are clearly sleepwalking [or is it shleepwalking?] towards disaster.

While this is self-deprecating humour, it's also mockery of the same old liberal lines that are trotted out instead of any kind of nuanced counter-argument.

During Brexit, I noticed that people on both sides would say "I can see you're far too intellectually inferior to be able to have a debate, therefore this argument is over and I won". I lament the loss of anybody who can actually be bothered to have a proper debate, without being so childish.

Your white-trash, redneck, poorly educated person is now incredibly bored with the tried and trusted liberal short-cuts that supposedly immediately discredit an opponent in a debate. "Bigot" is a particularly charged word, and guarantees instant disengagement by the disenfranchised members of the public, being browbeaten by a group of elites who consider themselves morally superior.

I'm as guilty of it as anybody.

But, I've also noticed a kind of pathetic infighting amongst the intelligentsia.

Firstly, one must overcome the snobbery of the grammar Nazis. For your argument to even be considered it must be deemed to have attained certain standards. The most innocent spelling mistake will become the focus of commentary, rather than the points raised by the original author, no matter how eloquently the central argument is presented.

Having established oneself as 'a cut above the rest' there is one kind of ad hominem attack that succeeds where all others might fail. All one has to do to win the argument is write "WAKE UP SHEEPLE!!!" in mockery of your opponent's attempt to make a reasoned argument and reach a sensible conclusion. Essentially, you're accusing somebody of being a nutjob; a raving madman. Case closed. End of debate.

Our asylums are stuffed full of 'visionary' people, and those seized by absolute conviction that the end of the world is nigh. However, do we not also laud that tiny handful of individuals who successfully predict recessions, stock market crashes, credit crunches, housing crises and other cataclysmic man-made events?

Why is it that a stock market trader or hedge fund manager, who might make a good living from short selling - betting against the market - is considered a highly intelligent person - cloaked in the mystery of mathematical models - while others who also forecast negative events, are dismissed as lunatics?

Humans always err on the positive side. There is a psychological test where participants bet money and win precisely as much as they lose. In this randomised gambling experiment, most test subjects will report that they think they're making a profit, even though they're breaking even. Even when the experiment is adjusted so that the participants are losing money, most will still think that the course of events is in their favour.

It's undeniable that we do see a herd mentality amongst groups of humans. The accusation of sheep-like behaviour is entirely valid and well supported by evidence. Stock market crashes are created by market sentiment not by external events. When investors collectively lose confidence, there's a rush for the door. The sheep line up for slaughter, even though by selling their stock, they're going to lose money.

Bank runs are another great example. The FCA underwrites deposits - your savings are safe - but we still saw long lines of people queuing up to withdraw cash from Northern Rock, during the credit crunch. That's a bank run, and it's driven by sheeplike behaviour. The panic is not rational. It's animalistic behaviour, not calculated and logical.

The well-educated middle classes have turned on one another, in this zero-growth second Great Depression. Research grants are at stake. Well paid middle-management jobs are at stake. The baby boomers are trying to collect excessively generous pensions. For God's sake don't even breathe, for the whole house of cards may come tumbling down at any moment. We are so highly leveraged - indebted - that one hiccup and we're all screwed. 

We should remember that the working-class are more numerous than the middle-class. While the working-class wail inarticulately about their poverty and lack of opportunities, the middle-class lock themselves into an echo-chamber of Facebragging and snobbery. Whenever somebody is critical of the status quo, we quickly shut them down by typing "WAKE UP SHEEPLE!!!" to bully them into submission.

Personally, having safely circumnavigated the City of London - and profited - during the dot com crash, 9/11, the commodity price boom (and bust), the credit crunch and Bitcoin's ups & downs, I feel rather like Cassandra.

Dismiss and ignore me at your peril.

Tags: #politics #capitalism #economy

This is a story about slavery...

Do you have to run just to stand still? Does it seem like no matter how hard you try, you just can't get ahead? Why is it that the only time you're going to get to enjoy any leisure time, is when you're sick and old?

Even if I owned my own home outright, I would still need to pay council tax, gas, water, electric and sewerage. Even if I grew all the vegetables I needed and never left my plot of land, I would still need to raise a significant sum of money every single month.

Let's assume that I had solar panels, wind turbines and I heated my own water using firewood from my own trees. Let's assume I got water from my own well, and I operated my own miniature sewerage plant, so I could release my processed effluent back into the water table, without breaking environmental protection laws. I would still have to pay council tax.

I don't object to council tax. Council tax pays for the police, who will protect my self-sustaining home from being burgled. Council tax pays for the fire service, who will come and douse my house with water, in the event that it should catch alight.

If I never leave the house, I grow everything I eat and compost everything I waste, then I have no use for dustbin collection, and I have no use for street lighting or roads. I have no use for car parks. I have no use for regular parks and recreation grounds.

Furthermore, I have no use for schools or libraries. I certainly have no use for councillors, council officers and other civil servants.

Let's assume I surround my land with a 15-foot electrified fence, topped with razor wire. Let's assume that I install a sprinkler system, and have my own high-pressure hoses and firefighting training. I would still have no exemption from paying council tax. Paying council tax is my civic duty, because of the air that I breathe in a particular county.

This isn't a rant about how "taxation is theft". I'm just pointing out that there's no such thing as a free man in the United Kingdom. Somebody will always want something from you, even if you're minding your own business, being totally self-sufficient and working in harmony with nature and the land.

Very few people would be able to buy a sufficiently large plot of land to be able to grow enough trees to give them a lifetime's supply of firewood. Also, you're going to need somewhere to grow all those vegetables you're going to eat. You're probably going to need greenhouses and polytunnels to grow more frost-sensitive fruit & veg.

There's capital expenditure necessary to buy a wind turbine and a lifetime of spares for any repairs. Solar panels don't come cheap, and they have a finite lifespan. You're going to need a shittonne of batteries, so that you can store energy for when it's not windy or sunny.

You're going to need a well insulated house with a wood-fired boiler to heat hot water as well as to keep you warm in winter. Your home is going to have to be super energy efficient, because you don't have much electricity, so you'll use LED lighting and cook on a wood-fired stove. You won't be able to use a washing machine, dishwasher, tumble dryer, electric oven, microwave, electric hob, hairdryer, electric heater or other electricity consuming units.

Then, to keep your smallholding running, you're going to need tons of tools and machinery. Doing it all on your own means you'll want a petrol-powered rotivator, strimmer, lawnmower and a bunch of chainsaws to chop up all that firewood. You'll need lots of gardening equipment to make sure you're growing enough food to keep yourself nourished the whole time. You'll need lots of building equipment, to make sure you keep your house repaired and maintained.

If you don't have a well on your plot of land, you're going to have to dig a borehole and install a pump. Building a sewerage processing plant is no small investment of time, labour and materials, and probably not something you would do yourself, although you would be responsible for ongoing maintenance: a lovely job.

Remember, you're also going to need a lifetime's supply of petrol, engine oil and other consumables such as soap, toothpaste, spare lightbulbs etc.

So, after all this, your miniature self-sustaining estate has probably set you back the best part of £1 million, and you still have to work full-time to tend to your fruit and vegetables, and maintain all the equipment that generates power, pumps water, pumps sewage etc. etc.

Worst of all, you're going to have to sell some of the fruit & veg that you produce to pay your council tax, so really, you're not very free at all.

You may end up busting your balls in all weather, just so some council bureaucrat can take paid sick days and generally not work very hard at all.

Through economies of scale, farmers can harvest the crop in huge fields in a single day, when previously it would have taken men and women all summer to do it with sickles and scythes. Something as basic as a masonry nail is incredibly hard for a blacksmith to make, but in factories, vast quantities of goods like nails can be produced much more cheaply, in terms of labour effort.

"The good life" and nostalgia for a time of peasantry is nothing more than stupidity. Only a tiny handful of people blessed with inherited wealth can be idle in the countryside, doing the occasional spot of gardening, and otherwise spending their trust fund income in Waitrose and charging around the countryside in a gas-guzzling Range Rover.

Thus, I don't believe in communism, with its emblem of the sickle and hammer. Growing your own vegetables, or making ornate ironwork is a nice hobby, but we don't want to return to the era of blacksmithing and working in the fields. The combine harvester is a thing of great progress, as is the ability to mass-produce metal goods in factories.

The communes that sprang up in California in the 1960s and 1970s all failed, because they were set up by lazy bums who just wanted to sit around smoking dope. When they ran out of money, they found that they had been subsidising their stupid middle-class fantasies all along. Eventually power struggles tore the little hippy communities apart, but they were doomed to failure from the start.

In climates where the need for heating is less pronounced and the crop yields can be much higher, there are already population problems. For sure, you can go and buy a plantation in the developing world relatively cheaply, but aren't you then headed down the colonial path? When you employ local labour to till the fields, because it's too hot to do it yourself, you've then economically enslaved your workforce.

The division of labour is a hard problem to solve, but there is also dignity in labour, if you're doing something that you feel is productive and useful. Perhaps the high sickness rates in local government are due to the fact that their staff know that all they're doing is pushing paper around their desks and looking busy. It doesn't feel morally right, to tithe the estates of the hard-working men and women who are working the land, only to spend it on fancy offices, coffee machines and watercoolers.

Eventually, I decide that we must move to a model of state-owned enterprise for everything that's in the public interest: transport, education, healthcare. But where do you stop? What about housing, food and clothing?

Clearly the technocrats of the Soviet Union completely failed in their attempts at central planning, but can we be sure that there's less wasteful use of resources in private enterprise? My experiences certainly don't bear this out. Every company I've ever worked for has been full of idle incompetent fucktards. That's not supposed to happen in capitalism. Capitalism is supposed to lead to efficiency.

If we look at the vast amounts of food and energy that are wasted by the United States and Britain, we can be certain that capitalism is a failed model for the efficient use of labour and scarce resources, and the fair distribution of wealth. Capitalism has failed every single test, including its ability to weed out the 'bad apples'. One only has to look at the 2008 financial crisis to see that the idea of market efficiency has been replaced by monstrous monopolies: enterprises that are too big to fail, but are bleeding our economy dry.

The banks need to be nationalised. The railways need to be re-nationalised. No more council houses can be sold off. Any private parts of the National Health Service need to be re-nationalised, and a huge cull of middle-management dead wood needs to happen. Executive pay needs to be capped, and those who wish to work in public services should be proud to be performing their civic duty for their fellow citizens.

Of course, wealth will flee offshore. Investors will panic. Let them.

The assets are here. The workforce is here. We don't need the paper money created by the plutocrats. We can rebase our currency back to a sensible gold standard, forgive all loans and start over. Clean slate.

One only has to study the German economic miracle to see that these reforms can work, do work, and will transform a country into one of happiness and productivity.

The strategy of trying to print money to get out of economic trouble, and enforce bad policy with a police state and martial law, is always doomed to failure. We are at the tipping point. Things could boil over at any moment.

So, the Western world finds itself at a crossroads: to continue with the folly, down a path that has always led to ruin for past civilisations, or to learn from the lessons of history, and take the alternative route.

Tags: #politics #economics #capitalism

This is a story about trying to stay ahead of the game...

The Olympics and the Tour de France have been full of sportsmen and women using a variety of drugs to enhance their performance. Doping in sport became so widespread that it was virtually impossible to compete without performance enhancing drugs.

We think that competition is linked to sport and that athletes are naturally competitive, but in fact competition is present in every aspect of our daily lives.

You want an attractive girlfriend or boyfriend, right? The more universally appealing a person is, the more potential suitors are vying to try their luck. The 'hotter' somebody is, the more people are trying to hop into bed with them. Attractiveness means few genetic defects: looking flawless, perfect. The pre-programmed urge to reproduce with the healthiest person who'll have you, is the reason why you're alive today.

We all know that alcohol is a social lubricant. "Dutch courage" means that after a few drinks we are disinhibited, and we can overcome the social awkwardness of talking to the objects of our affection. When we're drunk we take that chance of rejection, leaning in and kissing somebody for the first time.

It's pretty clear that those who are intoxicated will be braver and less anxious about rejection and humiliation, than those sober singles who are nervously hoping to be asked to dance, and trying to muster the courage to chat somebody up. Therefore, there's a pressure to get drunk, and get your date tipsy, if you're hoping to couple off and copulate.

Cocaine gives artificial confidence. Cocaine makes people talkative, gregarious and removes their self-conscious awkwardness, shyness. We tend to be very attracted to confident and outgoing people. The pack alphas are naturally the most confident, and we want to mate with the alphas, not the betas. Royal families are inbred as hell, but every girl wants to marry a prince. Cocaine can help you to talk and act confidently, which makes you more attractive, and cocaine is very likely to bring the affections of potential mates.

So, it's pretty clear that in order to compete with other blokes eyeing up the skimpily clad girls on a night out, being tanked up on alcohol and having snorted a couple of lines of cocaine is going to give you the competitive edge. There's a high incentive to be intoxicated with alcohol and cocaine.

At work, many of us are mandated to work longer hours than we are able to do with our normal sleep/wake cycle. 54% of adult Americans drink coffee every day. Anecdotally, so many people say "I can't function without my morning coffee". It's quite commonplace for people to joke on social media about homicidal tendencies before they've had their fix of caffeine. Many a true word is spoken in jest.

Because so many office workers drink coffee, the working hours take this into consideration. Without coffee, the 9am start time would have to be 10:30am. Without coffee, those late nights in the office would be pointless, because nobody would be able to concentrate and stay awake.

Caffeine is a wakefulness promoting agent, and it's a concentration aid. Caffeine is great for concentrating on laborious boring repetitive tasks for long periods.

However, when nearly everybody is drinking coffee, it becomes a necessity for coworkers to drink it too, in order to match the office hours and concentration span of their colleagues. If your workmates spot your eyelids getting heavy, somebody is bound to suggest to you "can I get you a coffee?". Nobody is likely to say "maybe we should all go home early, not work such long hours and stop drinking so much damn coffee".

There is a huge incentive to drink tea, coffee and energy drinks at work, in order to compete for the pay rises and promotions, and not be seen as a weak member of the team.

We live in a culture that fuels depression and anxiety. The news bombards us with all of the world's problems in full gory high-definition detail. The economy is tanking and we have to live with job insecurity, skyrocketing housing costs and little hope of ever being able to collect a good pension, let alone have our kids able to expect a good education and be able to live on a planet that hasn't been destroyed by climate change. It's depressing as hell. It's stressful as hell.

Instead of trying to change the world around us and improve things, instead we have medicated ourselves in vast numbers. 61 million antidepressant prescriptions were written for 65 million people in the UK, in 2015. Most people will take powerful psychiatric medication at some point in their lives, whether that's sleeping pills, tranquillisers or antidepressants. The very sickest will have to take antipsychotics and mood stabilisers.

Our jobs are stressful, and we're fearful of losing our jobs. If we lose our jobs we'll lose our houses. If we lose our houses, we'll be homeless. The number of homeless people has soared by 80% in a single year in some parts of the country. There is plenty of reason to live in fear of destitution.

Doctors hardly have any time to speak to their patients, and they hardly have any budget to prescribe talk therapy, so people who are stressed out get sent away with tranquillisers. People who can't sleep get sent away with sleeping pills. People who are miserable, exhausted and can't cope get sent away with antidepressants. There's a pill for every ill, but it could be a sane reaction to an insane world, in a great many cases.

When so many people who you work with are insulated from the stressful and depressing nature of the work, and the way that capitalism is raping the natural world and enslaving the poor, it's easy to see how they are able to keep working, because they're drugged up to the eyeballs.

If your job, your house, your family and everything depends on you keeping your job, of course you're going to drug yourself up with happy pills so you can keep trudging along on the treadmill. Who can afford to have a nervous breakdown? Who can afford the risk of losing their job, to take time out to rest and recuperate? Who wants to let their bosses know that they can't cope with the stress, when everybody else seems to be doing OK?

There is peer pressure to put up with shit at work and not complain. Put up and shut up. Fit in or fuck off.

Because of the hyper-competitive work arena, of course we need to mask our mental health symptoms with pills, even if the underlying issue is a deep unease with the bullshit jobs and the negative effects on the world.

"Everybody's got to work"... but what if you're a debt collector? What if you're price gouging your customers who need their gas & electricity, so that you can make more money for your bosses? What if you're manufacturing weapons? Honestly, have a think about what you do for a job, and ask yourself if it's improving the human condition, or not.

Collectively, we should stop and say "this is madness". We can't sit here in the UK where the economy is 80% service industries, and say that what we're doing is productive and useful. It's impossible that we should need so many lawyers and accountants. It's impossible that we should need so many bankers. It's impossible that we should need so much software. It's impossible that we should sit here idly counting beans, while some poor person is out in the beating sun growing our food, earning $1.50 a day.

For sure you don't want to end up in the field picking fruit and vegetables for a pittance of a wage, but that doesn't mean you have to prop up the status quo.

Acting with your conscience and with ethics as an individual is likely to hurt nobody but you, but it's also harmful to you to load yourself up with performance enhancing drugs, simply so you can compete.

It's only in the spirit of non-competition that we can end the rat race and smash the tables of the money lenders and other idle social parasites. The parasite class need to be cast out from society. The parasite class are antisocial. The parasite class are making billions of people's lives miserable.

There's no way to win a rigged game. The only thing you can do is not lose, by not taking part.

Tags: #addiction #drugs #mentalhealth #capitalism #politics #alcohol #caffeine

This is a story about bang for your buck...

The churches have their tithes. The government have their taxes. The world has charities. It's pretty clear that these systems of wealth distribution and assistance for impoverished and vulnerable people, have spectacularly failed.

Tonight, I'm going to eat my dinner. Eating my dinner is something I want to do. Eating my dinner is something I enjoy. I get a kick out of eating my dinner.

So, why don't I start a Just Giving charity fundraising page, so that people can sponsor me to eat my dinner? You can sponsor me to go to work. You can sponsor me to go for a little jog around the park, having a lovely time waving at everybody. You can sponsor me to jump out of an aeroplane. You can sponsor me to abseil down a cliff. Even though you'll be donating to whichever charity I've chosen, it won't make any difference to the world.

You want to make a difference, right?

You buy Fairtrade coffee, bananas and chocolate. You recycle your bottles, plastic containers and cardboard. You give £10 a month via direct debit to the Red Cross. You throw your loose change into a collection bucket, when somebody jangles one in front of your face. You went to a pop concert one time, that was supposed to end poverty once and for all.

Maybe you work for a charity. Maybe you do volunteering. Maybe you organise bring & buy jumble sales. Maybe you bake cakes and sell them to raise money. Maybe it's you who is chugging the collection tins and getting people to reach for their wallets.

However, have you considered whether what you're doing is effective?

Clearly, whatever you're doing, it's not effective. Poverty is not history. In fact, wealth inequality is growing to unprecedented levels.

There are a number of ways we justify our inaction:

• "I do my bit"
• "I already give what money I can afford"
• "I already give what time I can spare"
• "I can't help everybody"
• "It won't make any difference. The world is a cruel place. Life is hard"
• "The world is overpopulated. Africans should stop having babies"
• "That's just the way things are"
• "We've got to look after our own"
• "Charity begins at home"

On closer examination, these beliefs are delusional, and only serve to prop up the status quo. All the reasons for inaction boil down to the same thing: "I'm not going to do any more until other people do too".

We are in a rat race. We are desperately trying to not lag behind the other rats in the race. We are desperately trying to keep up.

The mega wealthy race ahead, while our incomes stagnate. Since the 1980's the average wage increase has been just 40%, but for the wealthiest, their income has increased nearly 300%. As a proportion of their income, the wealthiest share less than ever. The wealthiest guard their income from taxation. The wealthiest spend a very small proportion of their income, meaning that it never enters the economy.

All humans need clothes. A poor person buys a £30 pair of jeans. 20% of the ticket price of those jeans is VAT, so the poor person paid £5 in tax. Let's say that the poor person earned £100 on the day that they bought the jeans. That means their effective tax rate was 5%, on clothes that they needed to buy. If a rich person bought the same pair of jeans, and they earn £1,000 a day, then their effective tax rate is 0.5% for the clothes that they need. A much smaller proportion of the rich people's income goes on essential items like food and clothing. As a proportion of their income, the amount of tax that the rich pay is tiny.

We can't afford the rich.

The rich are responsible for an expensive army and police force, in order to maintain the status quo and protect their wealth. The rich are responsible for deciding to bomb brown people to bits, in order to maintain conflict, to sell them weapons and stop them from ever reaching prosperity. If we let the brown people ever become prosperous, they might be unhappy about growing our food and manufacturing our goods, while we sit around idly doing nothing.

We spend more on 'defence' than on education.

If we were to spend more on education, then people would realise that our struggle is for nothing. Our labour contributes to nothing more than our own enslavement.

Capital growth, through effortless income from interest, dividends and increased asset prices, far outstrips our ability to earn money through work.

Our whole society is topsy-turvy. The old people who are dying are the ones who own all the dividend earning shares, through the pension funds. The old people who are dying earn all the property. The old people who are dying do not work, and they demand to earn money for no effort. The institutional investment managers who look after huge pension funds also do no work. Pension funds simply own huge portfolios of stocks & shares, interest bearing financial instruments and property. Instead of society being run to benefit our children, our workers, and protect the vulnerable, instead we toil so that an ever-growing number of retiring baby boomers can be idle.

I don't begrudge people some time off if they've earned it, but baby boomers are responsible for the proliferation of nuclear weapons, climate change, pollution, deforestation, war, famine, economic ruin, the end of free university education, no jobs, unaffordable housing and keeping politicians in power who are intent on destroying all life on earth. Instead of protesting at the planet being raped, these insufferable hippies sat around taking drugs and passed on all the problems to their grandchildren.

For me to teach a starving African to write computer code is ridiculous. The world doesn't need any more websites or apps. We've had programmable electronic computers for 60 years, and the world has become a more unequal place, still full of suffering and pain.

For me to volunteer at a soup kitchen is ridiculous. We are manufacturing homeless vulnerable people faster than we can feed them. The Salvation Army was founded in 1865, and there are still shamefully large numbers of people who are homeless and hungry.

For me to work for a charity is ridiculous. The charity model of fundraise & spend has completely failed. The church model of a tithe on our income has completely failed. The government model of taxation has completely failed.

We live in a pyramid scheme, and those at the top of the pyramid want to be idle and earn money effortlessly. There is no dignity in labour. Through work we only impoverish ourselves, because the wealthy get more wealthy while not doing any work. We expend our energy and the finite years of our life, but our wealth is eroded faster than we can earn money.

We shape ourselves in the image of those we are trying to keep up with. We imitate those who we aspire to be. We aspire to be wealthy, and in so doing, we protect our wealth from taxation and tithe. We believe we are being virtuous by being thrifty. We believe we are being smart by saving our money instead of spending it.

In actual fact, the financial system has broken down and fails to serve 99% of the people who are trapped within its confines.

The most effective thing that we can do to fight poverty, income inequality, injustice and the enslavement of the 99% is to campaign to flip the iceberg upside down. We can't afford the rich, and the plutocracy has to end. Our political system is overrun with public schoolboys who earn their money from trust funds and offshore investments, meaning that they pay nothing in tax. We can no longer be governed by people who don't play by the same rules as the rest of us.

The House of Commons was supposed to be a democratic instrument. The House of Commons was supposed to be representative of ordinary working people with a conscience, not Bullingdon Club Tory toffs who've only known a life of wealth and privilege.

I'm not waiting for my neighbour to be more generous before I decide to contribute more to the greater good. I'm looking for my opportunity to topple the cruel elites who have their snouts in the trough, greedily stuffing their ugly faces.

The most effective thing you can do with your time and your money? Campaign for political reform. Campaign for economic reform. Campaign for societal reform.

It makes no sense that the whole of the planet and 99% of humanity is there so that the baby boomers can have an idle retirement. If it was up to me, I'd ban the over 65s from voting until the climate and the economy start improving. You can't leave this kind of bullshit fuckup as a legacy, and expect to reap any rewards or have any say in a future that you ruined.

Here's my golden rule: leave things better than you find them, or else you are antisocial and you should be excluded from society.

Tags: #charity #politics #climate #capitalism

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 the decision to end your life...

No matter what stupid inspirational quote memes say, we don't get to "choose" to be happy. We are ruled by our moods, not vice-versa. Perception is an illusion. The glass half empty person is just as correct as the glass half full person, and neither gets to choose their perspective on the world.

There's an enormous amount of pressure to look on the bright side, be happy & upbeat, to keep problems bottled up inside and to be uncomplaining. Anybody who speaks up is criticised for being a whiney crybaby, negative and a killjoy.

I spent the best part of 8 years with a partner who used to throw a tantrum whenever things didn't go her way. My argument in this essay is that logical despair is different.

If you've spent much time with me, you'll know that I'm pretty calm and pragmatic even in stressful situations. If you've been with me when things have been going wrong or getting stressful, you'll hopefully know that I am that positive upbeat person, who tries to find the silver lining in every cloud.

It's interesting to me that I'm writing - right now - in a position where I am feeling more positive than I have done all week. This is temporary, because I don't have to go to work tomorrow.

"Why don't you just quit your job if it's so boring, and it's making you so miserable and depressed?" I hear you ask.

Well, guess what? You've got to pay to play. Even for me to live in a hostel bed or take a cheap lodging in a house, is going to cost me circa £500 per month. What about travel? What about food? You have to run just to stand still.

So maybe I could get myself some government benefits that would help with my housing costs and give me a little money with which to survive? I'm certainly eligible. Even though I have worked for a few months here and there, my mental health is so wrecked by the stress and the rat race, that the ensuing depression destroys any chance of stability. My life yo-yos up and down like crazy. I swing from earning money and appearing to have my shit together, to then being barely able to leave the house, the bedroom, the bed.

I can't imagine anything much worse than having a government handout that's inadequate to live on, and slipping deeper and deeper into problems. Welfare looks like an agonisingly slow death, with no hope of escape. The Conservative government has found that cutting welfare benefits has been very popular with their ignorant smug arrogant wealthy voters, and have plunged a great many vulnerable people into a position of unbearable stress and financial insecurity.

"What about getting your dream job?" I hear you ask.

Well, let's explore a couple of examples.

There's an IT position at a mental health charity currently on offer here in London. I would be both experienced and qualified to work that job, and it's also doing important work that is in line with my values. The salary is £28,000 per annum. That's a take-home pay of £1,850.

In London, it generally costs around £700 a month to rent an absolutely terrible room in an absolutely terrible apartment. £700 a month will mean that you don't have a lounge. £700 a month will mean that you'll spend your whole time in your bedroom. I guess that'd only be 38% of my income... so not so bad?

What do you dream of for the future? Would you like to get married, have kids, own your own home? Well... that's not going to happen on £28,000 per annum. Assuming that you could save up a 5% deposit, that would be £25,000 for an average price London home of £494,000. Normally, you can only borrow a multiple of 3.5 times your salary, which is less than £100,000. The sums just don't add up.

So, the answer is to leave London, right? Well, London is my home. London is where I live. London is also where the jobs are. If there's a job for £28,000 in London, just think how little that job would pay outside of London. The 'dream' jobs probably only exist in London. Most head offices are in London.

Perhaps I could be a writer, surviving off Patreon donations? J. L. Westover produces these great comics, but doesn't even make $500 a month. You can't live on $500 a month.

Although I'm very much fixating on the financial and work aspects of life, really, why wouldn't I concentrate on those? I'm going to hand over the remaining best years of my life to somebody else, in return for money that I then just put straight into the hands of those who own the land and the means of production. It would be OK if life was somehow liveable, but it's not.

I can't go part-time, because it's simply not permitted for a single man to do it. There are hardly any women doing the job I do anyway. It would just blow the minds of my employers if I said they needed to let me work part-time. It would not compute. They would not know how to cope. The message is simple in the jobs that I do: fit in or fuck off.

So, the kind of 'part-time' that I do, is to work for as long as I can, and then have a breakdown.

I'm exhausted. I'm so very exhausted from repeated cycles of destruction and salvation. It's exhausting getting to the limit of your credit facilities, and then having to drag yourself through yet another health-destroying stint of bullshit. It's exhausting having your bank balance emptied, just staying alive, and your morale and sense of happiness emptied, just to keep paying rent and bills.

Why do I do it? Who am I helping? What am I improving?

The wealth that I generate certainly doesn't disappear. I genuinely do work very hard indeed. Why do I never see the fruits of my labour?

Well, the system is a con. The free market will ensure that prices are always set at a level where most people have to keep slaving away in dead end jobs. We are consumption machines. Sure, you can stop buying pointless material goods, but are you going to go homeless and starve? Even homelessness is being criminalised. It's a crime to be alive and not work some bullshit job. It's a crime to be using up oxygen and looking at the view, without helping the rich get richer. There's a tax on life.

I'm so ground down by it all.

It's not just a chemical imbalance in my brain that's causing me to feel depressed and hopeless. Genuinely, what's the best that I can hope for? That I retire rich, but I'm old and my health is destroyed? That I quit the rat race, but I'm spat upon by people in the street and told "get a job you lazy bum"? That I claim welfare benefits from government drones who hate my guts and call me a worthless scrounger behind my back. That I put myself at the mercy of a Conservative government who would rather see me kill myself because it's cheaper?

Office work is as deadly as smoking, according to a paper published in The Lancet. Perhaps I just need to join a gym? Yep... that costs money. If I'm earning £28,000 in my dream job, that gym membership will delay me in saving up the £394,000 I need in order to be able to buy a house. It should only take me about 40 years, assuming that house price inflation drops to 0%.

People are literally being bored to death. Being bored at work has been proven to lead to an early death. People are even starting to sue their employers for a 'bore out' where they are left virtually brain dead, depressed and unable to work because of the soul-crushing agony of working a ridiculously boring bullshit job.

For sure, I can suffer in wage slavery for as long as I can bear it, and then take time away from the rat race. However, that sprint and coast behaviour is exactly the kind of thing that exacerbates my mood disorder. What could be more bipolar than having to do some depressing mental health and wellbeing destroying months and years of boring bullshit, and then being released to enjoy some temporary freedom.

There's a mad panic when I'm suddenly released from the anchor chains that have been weighing me down. I rush around at breakneck pace, trying to pack as much into the time as possible, before the dreaded day comes around again that I have to go back to my bullshit day job.

That dread is the thing that rules my life at the moment.

I reach Friday, and I should be relieved and happy that it's the weekend, but instead I drink myself into oblivion because it's taken every ounce of resolve just to limp through the working week. On Saturday - today - I have a strange feeling of calm. Momentarily, I forget about how fucking awful my life is. I almost feel positive and upbeat. On Sunday, the existential dread starts to grow. What am I doing? Why am I trapped in this motherfucking cycle? Why can't I escape? On Monday, I want to run away and become a homeless person, hunted by Shylocks looking for their pound of flesh, or else just kill myself to end the horrible cycle and endless pain.

You're probably thinking this:

"Everybody hates their job"

Yeah? Well, why don't you get your dream job then? Why don't you follow your dreams and your passions? Also, how destructive has the cycle of bullshit been in your life? Have you been hospitalised due to suicidal thoughts and suicide attempts? Have you been homeless and destitute?

Sleeping on your mate's couch does not count as homeless.

For sure, I'm a reasonably smart and resourceful person. I've come up with loads of scams and schemes to make money over the years. But what you've got to understand is that it's exhausting, stressful and risky to undertake some new venture.

Somebody has to pay the rent and the bills every month. Presently, I seem to have subsidised at least 3 people to work on their dreams at my own personal expense. People live in my apartment, use my electric, gas, water and internet, not paying rent, going after their own little slice of happiness, and I'm the one who picks up the bill at the end of every month. I'm the fucking sensible one. I'm the one who makes sure there's enough money in the bank that we don't all end up living on the streets. I've lived on the streets. It's hard to come back from that one.

I'm not doing the whole working for the biggest bank in Europe on the number one project while homeless thing again. It was exhausting and stressful.

I'm fed up of being promised shit and let down.

I'm fed up of being taken for a ride.

I'm fed up of fuckups telling me how to live my fucking life while they benefit from my charity.

Yes, a friend once took me in when I was down on my luck and going through my divorce. I offered to pay rent and he declined. I paid bills when I was there. I also helped my friend to make some profitable investments, which netted him a couple of sizeable cash lump sums.

I'm not a fucking mug. I can't go through life buying lottery tickets.

I've done a rational analysis of the economic framework that I'm trapped within, and it's incompatible with my mental health. Society doesn't want my kind of crazy to be alive. There's no place for me in the world.

I could limp along in the gig economy, living some kind of hand-to-mouth existence. I could move to some cheap part of the country, or the world. I could try and eke out an existence, in some damp cave or perhaps die of an infected wound in some remote wilderness.

Of course my ideas are naïve and romanticised and unrealistic and incredibly black & white, all or nothing.

The problem is that I'm not wrong. I'm smart enough to have done the analysis. I've gathered the data. I've got the experience.

Do what you love and get dicked over, be financially insecure and never be able to follow your dreams, because you're already following your dreams, right? I mean, why should a nurse get to look after patients and buy a house and not live with crippling debt, right?

Do what pays the bills, and you'll be old and nearly dead by the time you get to enjoy it, if you don't die of stress related illness and the health damage from your sedentary office bullshit job before you even get to the point where you can quit the rat race.

In a way, this crisis has come about because I already ticked everything on my bucket list. I decided that life was lived backwards, and it made no sense to be doing adventure sports when you're old and your bones break easily and take a long time to heal.

It's no tragedy, to end my life because I'm exhausted and sick of the bullshit. All I have ahead of me is health problems and death. In the long run, we're all dead anyway.

Prolonging the agony only serves to make the rich even richer. I have deep-seated moral objections to being part of the problem when I can't be part of the solution. I find it indefensible to say that I was just doing what everybody else was doing, following orders, sticking with the crowd and being part of the herd.

The more I stick around on the planet, the more chance there is that I will accidentally spawn some infants who will inherit a dying world, and a broken system that enslaves people into bullshit jobs that bore them to death. Life is not a gift I want to share. Life is a curse I want to break.

It's strange writing these words when I'm not even in the very worst depths of despair. It's nice to feel that I'm being a little more logical, and less pulled by the emotional torment of the working week.

Yes, at the small scale, it looks ridiculous. What does a few more months or years matter? Stick with it. Things can change.

But the reality is that I've been around the block a bunch of times. Been there, done that. I've actually experienced a whole heap of jobs in a whole heap of industry sectors. I've experienced all kinds of cultures. I've tried to forge my way through life all kinds of different ways. Fundamentally, there is an incompatibility between what I find acceptable and sustainable, and the way the river is flowing. I can't swim upstream forever. I can't fight the onrushing floods.

It seems only logical to give up at some point.

Tags: #suicide #depression #career #mentalhealth #capitalism

This is a story about how to fuck up a kid...

I love the symbolism of this image. What it means to me is this: we have to jump through hoops, like some kind of trained circus animal.

What made you decide that you could give your kids a brilliant life? What made you decide that creating new life on an overcrowded planet was a great idea?

Was it the fact that climate change is an undisputed problem, and your children will inherit a drowning world?

Was it the fact that neoliberal capitalism has given us a cruel ruling elite who have enslaved most of humanity in menial jobs, and left the rest to starve?

Was it that a small handful of oligarchs, monarchs and plutocrats control all the world's wealth, and the chances of being elevated from poverty are the same as being hit by an asteroid, twice, on the way to collect your lottery winnings?

Was it that the social structure of the tribe, the clan and the extended family has now all-but ended, as we are forced to roam the entire planet in search of a golden opportunity that does not exist, and we are forced to content ourselves with social media, text message and video-chat interactions, that are in place of actual face-to-face human relationships with our nearest and dearest?

It won't be long before our babies are whisked away from us at birth, and we can do nothing but follow their progress on a Twitter page, as they forge their way through an educational system designed to produce compliant drones, who have no hope but to join the enslaved masses in some soul-crushingly dreadful job. And the reason why we never get to see our children? So we can continue to pursue our unfulfilling jobs for as many hours as we can possibly work before collapsing with exhaustion.

I have this little fantasy about being a dad. In my fantasy, me and some imagined partner are woken up early in the morning by our two children. One child is a toddler, and the other is slightly older but still a preschooler. The kids clamber into bed and we all spend the morning watching cartoons together. Then we all get up and dressed and eat pancakes together around the kitchen table.

Then, I also have this imagined version of reality.

I wake up before the kids, get showered and dressed although I'm desperately tired. I then have a stressful commute through traffic and endless crowds of people. I arrive at a job that I hate, because it's boring and stressful, underpaid and my bosses have nothing but contempt for me and the capitalist scum who run all the corporations have no gratitude or respect for the workers who toil to line their pockets. I get to look at a photograph of my children on my desk, but this is merely a form of emotional bribery. Without the picture of my kids on my desk, I would question what the hell I was even doing, and just quit the awful job.

In my imagined version of reality, I work extra late to try and impress the bosses and get a precious promotion that may allow the basic essentials of life to be bought without constant financial struggle to make ends meet. Every time the car breaks down or some home improvements are needed, it always costs more than any savings that have been put away as contingency for these eventualities. A debt spiral has been happening because of having to use short-term borrowing to simply meet the cost of living. Then more debt was incurred servicing the first debt. This wasn't money that was spent on frivolities, but on such things as fixing broken plumbing and essential child-rearing equipment like cribs and pushchairs.

My imagination tells me that, in reality, I would then struggle home late through yet another stressful commute, only to find that the kids are already in bed. My partner is exhausted from the demands of working a part time job that brings in marginally more money than the cost of the childcare that we must pay for so that she can have her very badly paid job. Juggling work and childcare arrangements, she must travel twice as far as a normal commute, in order to pick up and drop off the kids at their daycare facilities. The household budget is super tight, and extremely diligent use of discount coupons, shopper loyalty schemes and knowing the cheapest supermarket to obtain our groceries for each product, is the only way that a few extra pounds can be found to balance the books.

Exhausted and stressed - in this imaginary reality - we collapse into bed. The pressure that me and my imaginary partner are under means that we are arguing all the time, so we aren't having sex or any kind of physical intimacy anymore. We are just two exhausted scared and anxious people, trying to survive and hide the desperation of the situation from the children.

The children - I imagine - are browbeaten into believing that they have one shot at getting good school grades and not fucking up their lives. Me and my imaginary partner tell our kids how important it is that they study hard and try their best, so that they can go to university and get a great job. We repeatedly tell our kids that life is a struggle, and the world is a mean place, and that they should stop laughing and playing, and knuckle down and do some damn homework.

Grow up! Concentrate! This is important! Pay attention! You have no idea what the real world's like! We rebuke our little kids. We are desperately anxious that our children should not suffer the same fate that we endure. Endless arguments over schoolwork and bad grades. Endless stress about whether or not our kids are thriving in the rigid educational system. Every bit of spare time we have goes into educational activities. We can't just make a fort out of cushions... we have to turn it into a history lesson, or a lesson about the physics of why buildings don't fall down. Everything is twisted into an opportunity to try and cram a bit more knowledge into our little kids' craniums.

Your kid drives themselves nuts with the pressure and expectation placed upon them. Kids are sensitive to their parents anxiety. Kids are like sponges, and they're getting the message loud & clear about how important it is that they apply themselves and try their hardest. Some kids will respond, and will allow themselves to have their personality dissected, sifted and sorted. Some kids will quietly allow themselves to be judged and graded by complete strangers who couldn't give two fucks about who they are as an individual.

Then, finally, it's time for the big wide world that we've promised our children is the whole reason why they can't have a childhood. The whole reason why we didn't let our kids play in the dirt, or spend time with their friends, was so that they could have their noses in books, writing essays or taking mock examinations. Now, it's time for your kids to spread their wings and be whatever they want to be.

Use your imagination! Follow your dreams! Find your passion! We tell our precious children.

What we really mean is: go get a sensible job for a reputable corporation, shovelling shit for the capitalists.

Childhood was jettisoned in favour of academic achievements. We told our kids they couldn't be friends with some of the other children, because they were too stupid and a bad influence. We told our kids they couldn't laugh, play and have the simple joys of their childhood, because there was too much at stake. Our kids' precious future was on the line. It was life or death.

And now, your kids have the same shitty job that doesn't pay the bills and is inadequate to support a family. Your kids busted their balls to get their grades, go to university, follow their dreams. Guess what? There aren't any jobs for historians or philosophers. There aren't any jobs where you need to speak dead languages like Latin or Ancient Greek. There aren't any jobs for artists.

Your kids are going to have to get a job keeping score for the capitalists, while they wait for the planet to become totally uninhabitable. It's a football game with 21 referees and 2 goalkeepers. It's a rowing race with 20 coxswains and 2 rowers. Over 80% of the 'economy' is made up by service sector bullshit.

This is it? This is what you you wanted to give your kids? This is the life that you thought your children would be so happy to live? Did you think about this stuff? You did think about this stuff, didn't you? No? Why didn't you think about this stuff?

"Everything will be alright in the end"

No. It probably won't be.

Things probably won't be alright in the end, because everybody has that attitude. Through collective wilful stupidity, and a desire to ignore the evidence in front of our eyes, we spawn yet more children in the hope that one of the little fuckers is smart enough to solve the world's problems. It's like setting alight to the basement of your house, in the hope that it will put out a fire in the roof.

Don't get me wrong; I love kids. I think kids are cute and I love the way that they make me feel happy when I look after them. I definitely feel very fulfilled as an animal, when I'm playing make-believe daddy, and imagining that I might have kids of my own. There's definitely something biologically right about reproducing one's genes. However, ethically it would seem to be the wrong thing to do.

You know, you made your choice, and I like you and your kids. But collectively it's fucking insane.

I would say that the only way to redeem yourself now would be to pull your kids out of school. Go and live near your parents, uncles and aunties. Form a little village of your relatives. Let your kids play and be children. Teach your kids about the grave responsibility that faces them, but don't fucking bullshit them. Stop selling this lie that hard work and a lost childhood will somehow pave the way for a happy adulthood.

Just look at the goddam stats. Soaring rates of mental illness and suicide. Almost everybody hates their fucking job and doesn't get to spend enough time with their families. Almost everybody is stressed as fuck about money, job insecurity and the uncertainty over whether they will be able to provide housing, food, clothing and everything else they need for them and their children. It's fucking awful.

But, you know what? There are more of us than the goddam capitalists who want to maintain the status quo. Sure there are police and the army, who are there to make sure that the rich stay rich and the poor stay poor. However, the system only continues to function while we all collectively help to prop it up. Are you happy? Is this what you want for your children? Is this it?

Is this it?

Tags: #capitalism #childhood

This is a story about the future of your children...

We are living in the age of anti-vaccine parents, who willingly risk their children getting polio, diphtheria, mumps, measles, meningitis, rubella, chicken pox/shingles and a whole heap of other diseases that were just about wiped out, but are now on the rise again.

There is also a health epidemic that hardly anybody is talking about, even though it's a big killer, and has a devastating impact on the quality of life of so many of us, our friends, our families, our children.

Without further ado, let's get started with the list...

* * *

5. One in five boys will be diagnosed with an Attention-Deficit disorder

Yes, that's right, by the age of 17, a full 20% of boys will be diagnosed with ADD/ADHD. Not only are our boys drifting further and further apart from girls in their school exam grades, but they are also now being diagnosed as suffering from a serious mental illness, in their droves.

Treatment for attention deficit disorders is often a stimulant akin to cocaine or amphetamines. Ritalin is the trademarked name that Methylphenidate is marketed under. Ritalin shares the same mechanism of action and is structurally similar to cocaine. Adderall is the trademarked name that mixed amphetamine salts are sold under. Adderall is almost identical to street 'speed' that you might obtain from a drug dealer.

Attention deficit / hyperactivity disorder diagnoses have risen over 50% in the last decade. Over 6 million American children are prescribed a powerful and addictive stimulant, every single day, just so that they can concentrate at school and get good grades.

Do you think we've got our school system right, if we're failing boys so badly, and they are reaching the age of 17 with a serious mental health problem and a drug habit, all of which is medically sanctioned and is trumpeted as a success by our education ministers?

4. 37% of teenaged girls suffer depression and anxiety

Even though alcohol and drug abuse is falling amongst teenaged girls, as they apply themselves to their studies more diligently to get better and better exam grades every year, this seems to have come at the expense of their mental health.

Hospital admissions for self-harm in under-16s are up 52% in a 6 year period. That's just the kids who need to go to hospital. So many others will cut themselves in areas that nobody can see. I've been in hospital and seen whole arms that are just a tattered mess of scars. Clearly, these vulnerable children are under extreme pressure, stress and dealing with intolerable anxiety.

No matter what you might think about how loving and supportive your home environment is, there is so much expectation placed on children to reach their fullest academic potential, and the statistics show us the consequences of this league-table over-competitive toxic educational environment.

3. Antidepressant prescriptions double in a decade

Ok, assuming your kids chain themselves to their desks, do all their homework and their extra-curricular activities, do all their damn exams, get into university and make it though their finals, what kind of life can they expect to have?

Well, how's about a zero-hours contract McJob?

It's pretty clear that the outlook for your offspring, having lost their entire childhood to their diligent studies, will have no job security, no prospect of ever owning a home and will inherit a planet with a totally fucked up climate. Is it any wonder that depression has reached epidemic proportions?

If over 1/3rd of our teenage girls are now suffering from depression and anxiety, which are treated with these powerful psychoactive medications, is it any wonder that we are seeing prescriptions ballooning in numbers.

Remember, not every person who suffers from a mental health problem will seek treatment, and not all those who consult their doctor will be prepared to accept the side-effects of medication. We are seeing only the tip of the iceberg when we look at the NHS's prescription statistics.

2. Suicide: a quarter of deaths for men aged 20 to 34

Yup. You read that grim fact right.

Leaving university with a huge student loan debt, no job prospects, no chance of being the "provider" or otherwise fulfilling your role as a man, suicide is the biggest killer of men under the age of 45.

While women feel huge pressure to be obedient parent pleasers, men feel huge pressure to be economically active and to seek their fortunes. Undoubtably, the economic depression caused by the reckless actions of the banks and the credit crunch of 2007/8 has claimed many lives.

Many bankers received golden parachutes. High salaries and eye-watering bonuses are still being paid throughout the Square Mile and Canary Wharf. If you're part of the club, you're still making a killing. Bad luck, if you're in the 99.9% who didn't get an invite to the party because your face doesn't fit.

The number of suicides in England and Wales is at a 20 year high. The numbers shot up due to the financial crisis, but they have continued to rise as the Conservatives - the "nasty party" - sought to look after themselves and their rich donors at the expense of the mental health of the entire country.

Living within our means is one thing, but frankly it was the bank bailouts and corporate charity that we couldn't afford, and it's costing lives.

1. One in four university students suffers from mental health problems

These are our very best and brightest people. These are our future captains of industry. These are the cream of the crop.

What the hell are we doing when our burning bright hope for the future of humanity, are even afflicted with mental illness that drastically affects their quality of life?

Our curent batch of uni grads are expected to solve climate change, the energy crisis, the pensions crisis, the collapse of the global economy and the end of capitalism, as well as figuring out what the hell the underclass are going to do now that all the factories and farms are going to be run by robots.

Young women are carrying not only the hopes of their family, but also the pressure to succeed that drives fully 1/3rd of them into anxiety, depression and other mental disorders. Is this what they worked so hard at school for?

Think about the relentless pressure, from the age of 4 or 5 to the age of 21 or 22... endless exams and essays and projects and being driven to achieve academic excellence.

Is it any wonder that vast numbers of young people are having nervous breakdowns, or having to take powerful sedatives to calm their nerves?

University students are pressured into taking drugs like Modafinil in order to stay awake during revision binges, and take other stimulants and concentration aids like Adderall, in order to retain facts.

Our desire to constantly sift and measure young people using examinations and grading, leads to nervous exhaustion from the unrelenting pressure. One slip, and your future could be ruined, we tell our children. Of course they're going to be terrified, thinking that they might have a bad day and be cast into the seething mass of unemployable unskilled labourers who have been chucked onto the scrap heap.

* * *

Psychological distress is evident everywhere we look. We all have a friend or a relative who is suffering, even if we ourselves feel that we have been lucky enough to have escape unscathed, but also do we really know?

Some of us are very good at hiding our feelings, and there is a British culture of stiff upper lip, and men are especially discouraged from talking about emotional issues.

The statistics paint a grim picture that is undeniable. Mental health issues are a full-blown epidemic that should be the number one priority for policymakers, because it's at the root cause of all human wellbeing and quality of life.

We have vast amounts of medications, but they are making very little difference against the rising tide of problems which are mostly of economic and social origin.

Without giving the population meaning and purpose, and a sense of community, we are racked with fear of failure, fear of terrorism, anxiety over our job security, depressed about our prospects of owning our own home or having a financial safety net.

Our lives are a toxic brew of issues, where we are forced away from our families to work and study. Our jobs are unfulfilling and exploitative, and our education system puts undue pressure on young people and children, who are vulnerable and at a delicate developmental stage.

Without urgent social reform, quality of life is going to fall dangerously low and political unrest will follow.

Tags: #mentalhealth #suicide

This is a story about office life...

Look closely at the image above. It appears like I already wrote this blog post. It certainly feels like that. Haven't we been here before? Deja vu?

When you get stuck into a cycle, how do you break out of it? When the loudspeakers scream with feedback, because the sound that the microphone captures is being amplified and re-amplified, how do you reset, without cutting the power?

My behaviour might look self-sabotaging, but I'm actually deliberately burning bridges so that I have no line of retreat back to the places that made me unhappy in the first place.

When I worked in the City the first time around, I used to have 3 or 4 strong macchiato coffees every day. That's 12 espresso shots. I used to get drunk most lunchtimes and after work. I needed 2/3rds of a bottle of red wine to get to sleep, after all that coffee.

Uppers and downers, round and round. We rode the rollercoaster nonstop until we were sick. Every day, every week, every month, every year... they were the same.

When I was in my early 20's it wasn't such a big deal. We used to tank up on caffeine, churn out a load of code that would form the backbone of the world's economy, and then go get drunk to try and calm down a bit. We thought we could carry on like that forever, with our uppers and downers.

I saw colleagues get sick with stress, anxiety, depression, alcoholism. Some of my colleagues needed liver transplants. Some of my colleagues died. The system chewed us up and spat us out.

By my mid 20s I'd owned a yacht, a speedboat, sportscars... for some reason no amount of material possessions and status symbols seemed to quench the massive insecurity and frustration with life. Take a socially awkward, unpopular geek, sprinkle in wealth and the illusion that you're being 'successful' in life, and you wind up with a pretty confused adult.

While my schoolfriends paired off with lifelong partners and started to have children, I would suddenly decide that a loving relationship would be my salvation. I moved to a Surrey commuter town with a girlfriend, and started to play golf and generally start to think & act like a middle-aged family man. That was a bit of strange thing to do for a 21 year old.

Back in London after my first experiment into becoming a happy adult had failed, I satisfied myself with extreme sports, Internet discussion forums and lots of holidays and weekends away with nice big social clan. The London Kitesurfers 'club' was a lovely thing to be part of for several years. However, I still felt that I was missing that 'love' piece of the puzzle.

Some nice scientist kitesurfer girl seemed to tick all the boxes, and I launched myself with great intensity at a long-distance relationship that was never going to work. Relocating to the South coast, I quickly got involved with a geek girl who was into adventure sports: she seemed ideal, on paper.

I set about building the framework for a comfortable family life: the house, the steady job, the sensible car. However, I ignored the massive red flag: my girlfriend was a mean person.

I'm not easily dissuaded from my goals. Whatever obstacles I encounter, I just go around them. I'm a completer-finisher. I try to fix, improve, change, rather than throw things away or start again.

Anyway, I was flogging a dead horse. No matter how many times I painted a perfect picture postcard of how life could be, I'd found somebody who was stubbornly resistant to the idea of being nice and kind and supportive of the person who potentiated a 5-star luxury lifestyle for both of us. There was plenty of space for us both to shine, but sadly, she wanted me to be subdued and subserviant. She had gotten used to being showered with praise and being top of her class. She wasn't used to sharing the stage. She wasn't prepared for both of us to be happy.

I abandoned that life. I lost my business, my reputation with the major employers in the local area, my house and a substantial chunk of my wealth. I was fighting for survival, so I didn't have the time to go and carefully unpick the things that I had spent years building. I had no need of a house and shedful of things. What was I going to do with all that stuff? It was an unncessary millstone around my neck.

Now I find myself following a tried-and-trusted formula for wealth and 'success'. I'm rapidly putting together a lovely home again. I'm rapidly rebuilding my cash position. I'm rapidly rebuilding my reputation. However, I've seen it all and done it all before. I'm just going through the practiced motions.

"How did you know that was going to happen?" my colleagues ask me, like I'm some kind of clairvoyant. My ability to 'predict' the future is nothing more than making educated guesses, because I've been seen it all before. It looks prescient, but it's no more amazing than somebody who's learned from their mistakes.

That means my day job is pretty dull. I finish people's sentences, and I take great delight in giving people things they need before they ask for them. I'm ahead of the game. In the oft-quoted words of Wayne Gretsky, I'm skating to where the hockey puck is going to be.

I'm aware that this seems very arrogant. I'm not delusional. I know I'm not special or different. I know I'm no smarter than your average Joe.

I've done a 'gap' analysis, of my unsatisfying, unfulfilling and depression-filled life, and it seems like I need a dog, a cat, some kids and a loving supportive partner. If you ask children to draw a picture, they'll normally draw a house, the sun, some clouds, their parents and brothers & sisters, their pets. It seems like a pretty tried-and-trusted formula for life.

However, I even feel guilty about my cat living with my parents because he comes from a broken home. My cat, Frankie, has had to move house once in his kitty life, and I feel bad about the disruption and stress I caused him. I would love it if Frankie could live with me, but it would be cruel to make him live in a 4th floor apartment in a busy city. Having Frankie adopted by my parents, with their generous garden and surrounding Cotswold countryside, was the least bad option, but I still feel guilty.

Can you imagine how bad I'd feel if I had kids and they had a stressful home life? Can you imagine how guilty I'd feel if I knew that I selfishly chose to have children because they would give my life purpose and meaning, but I failed to adequately consider that the world I bequeathed to them is dying?

I'm running in autopilot at work. My brain is on tickover, doing my job. This unfortunately leaves a lot of time to consider the plight of the world's poor and struggling people. I have a lot of time to think about war and preventable diseases. I have a lot of time to think about inequalities and morality. I seem to be like a sponge, sucking up all the pain, suffering, cruelty, anger, hostility, selfishness, greed and immorality that seems to characterise the human race.

I could cut myself off from reading the news, but what would I do all day while I'm bored at work?

I can read the news, and if I get caught then nobody's really that bothered because I'm on top of my work and performing well. If I write my blog and try to stay on top of these feelings that threaten to overwhelm me, then I'm always nervous that my mask is going to slip.

I'm flirting with disaster anyway, wearing a semicolon tattoo just behind my ear, that advertises my struggle with depression, anxiety, addiction, self-harm and suicidal thoughts and suicide attempts.

When you have a problem, you can try to solve the root cause, or you can find a workaround. I know what the workarounds are. I know what the root cause is. I'm just not really satisfied that I can either do much about human nature and a selfish race intent on destroying itself, and neither am I very happy to attempt to insulate myself from reality, using drugs and money to put myself into a protective bubble

Begging is illegal in the City of London. Canary Wharf is a private estate, so undesirable members of society can actually be thrown out of the rich little enclave. You can kid yourself that there aren't any problems in the world, because you don't see them - out of sight out of mind - but that's why we got in this mess in the first place.

What happens next is as much a question of morality as it is a question of personal survival. Is it better to have lived life with some values and standards, rather than just saying "I was just doing what everybody else was doing" as if that's some kind of defence.

I know this is very lecturing, and once you've got skin in the game you have no choice but to try and do the best for your tiny tots, but I have a choice. I actually choose not to get a dog, because they're polluting (dogs need to eat masses of meat) and I choose not to have a family, because I can't make any guarantees that there's going to be a liveable planet for them to grow up on.

It doesn't make me a morally superior person. It's just the way I personally think. I know parents are racked with worry about the kind of world that their kids are going to inherit. I do empathise with the stress and challenges faced by families. Doesn't mean that's an excuse for me to join in though.

Tags: #family #capitalism #climatechange #career #london #banking #computing