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Police: A new theory of energy and the economy – Part 1 – Generating economic growth

Written by RSS Poster Allcoppedout's Blog

Originally posted on Our Finite World:

How does the economy really work? In my view, there are many erroneous theories in published literature. I have been investigating this topic and have come to the conclusion that both energy and debt play an extremely important role in an economic system. Once energy supply and other aspects of the economy start hitting diminishing returns, there is a serious chance that a debt implosion will bring the whole system down. In this post, I will look at the first piece of this story, relating to how the economy is tied to energy, and how the leveraging impact of cheap energy creates economic growth.

Trying to tackle this topic is a daunting task. The subject crosses many fields of study, including anthropology, ecology, systems analysis, economics, and physics of a thermodynamically open system. It also involves reaching limits in a finite world. Most researchers have tackled the subject without understanding…

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Police: Why Is Economics Rubbish? (1)

Written by RSS Poster Allcoppedout's Blog

Economics is clearly junk, like other religions.  The problem is how to get free of it.  Argument obviously fails, as it does across the religious spectrum and there is an Inquisition to combat.  Meanwhile, most people live in poverty, with more of it (austerity) being the ‘answer’ to provide planet-burning groaf through libidinal mobile phone consumption of lucid-trash no one not under mind-control could want.  25 million people have died in war in more than half a century of peace.

One idea is that academics could somehow produced the killing factual argument on what is going on.  My view is this is part of the problem.  We don’t have the question marks in deep enough on argument and reasonable expectations of it.  Sure, jaw-jaw is better than war-war – but this itself is not much of an argument.  There is complex ‘argument on argument’ in the academy.  Sextus Empiricus knew many equally powerful arguments can be made about the same issue.  Dan Sperber has a current theory involving how we avoid the best arguments for...

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Police: Hard Working Families To Face Triple Whammy Of Benefit Cuts Announces Multi-Millionaire Osborne

Written by RSS Poster Allcoppedout's Blog

Originally posted on the void:

gideon-osborneThe lowest paid working fmilies are to face a triple whammy of in-work benefit cuts multi-millionaire George Osborne announced today.

Those with jobs, but on shit wages, will see Tax Credits, Housing Benefits and Child Benefit all frozen in a real term cut to the incomes of the very poorest should the Tory Party be re-elected next year.  According to The Guardian the Tories are planning to freeze almost all benefits for two years including: “jobseeker’s allowance, tax credits, universal credit, child benefit, income support, the work-related activity component of employment and support allowance and the local housing allowance.”

Despite Tory lies to the contrary disabled people are also likely to be the hardest hit by these changes.  Whilst Osborne claims they will be protected, the inclusion of most claimants on Employment Support Allowance means that hundreds of thousands of sick and disabled people will see already meagre incomes…

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Police: Rugged Egalitarianism – Hope in the Ruins

Written by RSS Poster Allcoppedout's Blog

Originally posted on Rugged Egalitarianism:

As I write, American conservatism has gone mad: openly, disturbingly and resoundingly bats. There is no mistaking it. But the furious imprecations and cracked laughter of the lunatic conservatives echoing loudly down the halls of our sad American bedlam have helped obscure the fact that liberalism in the United States is moribund.  While conservatives strive to tear down our rotten and unjust system and replace it with something even more terrifying, liberals offer nothing but a determination to patch up some of the superficial rot while approving the general injustice.

Entered in evidence: Paul Krugman takes issue with Peggy Noonan’s recent assertion that the Republican Party is a party of roiling intellectual ferment and new ideas, while the Democratic Party has nothing novel to offer. Krugman plausibly, though pedantically, resists seeing the radical right ideas of the contemporary Republican Party as genuinely new, since most of those ideas go back…

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Police: Getting to the Bottom of Things

Written by RSS Poster Allcoppedout's Blog

Originally posted on Rugged Egalitarianism:

Since the crisis of 2008, professional and academic economists have grown increasingly concerned that something is wrong with their profession.  Sometimes that anxiety springs only from the recognition that most of their colleagues failed to predict the oncoming crisis.  But sometimes a nearly opposite concern is voiced: We sometimes hear the complaint that economists are offering good advice, but none of the decision-makers are paying attention.

I am not a professional economist, so I can only speak to the way the profession looks to me from the outside.  Now, if people are not paying attention to what an expert has to say, it could be that those people are too ignorant or inexperienced to grasp the important things that the expert is trying to get across.  But it could instead be that the expert doing the saying is not offering anything relevant to the most urgent problems the listeners are…

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Police: ANALYSIS: It’s easy to explode the Government myths. So why aren’t the mainstream media doing that?

Written by RSS Poster Allcoppedout's Blog

Originally posted on The Slog.:

We need a new medium to ask awkward questions

There are many idiotic fantasies we are asked by neoliberal economists to accept: that there is no alternative, that wealth trickles down, that Milt Friedman was right about everything and so on. As their world falls apart at a snail’s pace (the deceleration having been paid for by taxpayer-funded nationalisation and subsidy – the two things these numpties claim are the root of all evil) the arguments in favour of a failing system become ever more desperate and mendacious.

The funniest was, without doubt, the bollocks about “There is a recovery, but it’s jobless”. Hilarious: rather like saying, “We’ve found some gold, very special gold – it’s made from lead”. Having been found out on that one, the latest ruse is the invented evidence of rising employment, and the risibly persistent attempt by the likes of Dan Hannan to tweet “Britain…

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Police: Dumb and dumber Britons Not Ruling Waves

Written by RSS Poster Allcoppedout's Blog

There’s a poll here demonstrating how stupid most Britons really are.

http://www.ipsos-mori.com/researchpublications/researcharchive/3188/Perceptions-are-not-reality-the-top-10-we-get-wrong.aspx

It seems most of us think one in four of us is Muslim.  It’s one in twenty.  The list goes on and it’s pretty clear we have no clue what really goes on.  This is no shock to a university teacher.  It is truly amazing how uniformed our students are – and they are supposed to be the top 50%.

The top ten misperceptions are:

1.       Teenage pregnancy: on average, we think teenage pregnancy is 25 times higher than official estimates:  we think that 15% of girls under 16 get pregnant each year, when official figures suggest it is around 0.6%[i]

2.       Crime: 58% do not believe that crime is falling, when the Crime Survey for England and Wales shows that incidents of crime were 19% lower in 2012 than in 2006/07 and 53% lower than in 1995[ii].  51% think violent crime is rising, when it has fallen from almost...

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Police: Slave Finance, Max Keiser, the Next Bank Collapse and Rehypothicated Lager

Written by RSS Poster Allcoppedout's Blog

Most people who like to think of themselves as living in developed countries are sitting around hoping the financial crisis will go away without any effort from them.  It’s a bit like students put into groups to do something on their own – most are work shy, shy or just want to free-ride on someone else’s efforts.

Of course, the crisis hasn’t gone away and most of us have no clue what it has cost us – £6K each in the UK for QE alone.  We don’t know anything about the ‘opportunity costs’ – like, say, where Britain would be if we had not allowed Big Bang and focused the money into agriculture and manufacturing.  The real rip-off of financial services remains unknown to most, though it could have been picked up with 20 minutes a week of Mad Max Keiser on RT (ignoring his dud stuff on return to a gold standard) and the blogs golemxiv, naked capitalism and zerohedge.  Given it’s really almost that easy, we have an awful lot of free-riders prepared to vote without the effort of knowing...

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Police: PLANTING TREES PREVENTS CRIME

Written by RSS Poster Allcoppedout's Blog

http://www.nbcphiladelphia.com/news/local/Crime-Fighting-Trees-Transform-Philly-208895771.html

They don’t mean shoving an acorn where the sun don’t shine in a drug-dealer’s anatomy and waiting for it to grow.




Police: Cost of Crime (2)

Written by RSS Poster Allcoppedout's Blog

It’s hard to explain how we might go about establishing facts in order to create a more rational and ‘better’ society.  There is room to doubt that even schools and universities have failed us in this respect.  These days most of us could home school through the Internet.  There is some cracking stuff about in the mire of 99% porn and crap.

Google is now our first route into knowledge – I use duckduckgo too.  I refinement on Google is Google Scholar.  This puts you into the academic world of books and papers – porn is rare but the 99% crap rule applies.  Without organisational/university access you have to pay to read many journals.  Paying $20 – 50 a pop for goat-poo doesn’t feel good.  Some academics post their work free on their own or university sites.

You can build quite a library through the Internet – but how do you sort the wheat from the chaff?  In Cost of Crime (1) I tried to give the reader a glimpse into how hard this can be.  Slack use of words by academics reporting a cost of crime project from Cambridge had be...

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Latest Allcoppedout\'s Blog Stories

A new theory of energy and the economy – Part 1 – Generating economic growth
Why Is Economics Rubbish? (1)
Hard Working Families To Face Triple Whammy Of Benefit Cuts Announces Multi-Millionaire Osborne
Rugged Egalitarianism – Hope in the Ruins
Getting to the Bottom of Things

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