Always. If inflation runs away, the poor suffer. If we get stuck in a deflationary cycle the poor suffer. Apparently it is impossible to construct an equitable system that works without gross inequality (spoiler: it isn’t but some people love inequality and will do anything to prevent things being distributed more equally.)

It provides a reason for them not to just “take their ball and go home” once they have a pile of money.

If that’s the reason for it it’s not doing its job. Investments are much like savings to high net worth individuals and their investments are managed by someone else and they simply lay in the cut and collect dividends. Yes there is a risk to investments but if you’re in a good wealth fund then over time you’re almost guaranteed to win even if you have disastrous months here and there.

Yes, this is true but you also have to factor in the marginal propensity to consume, or in plain English, the poorer you are the more of your income you have to spend on necessities like rent or groceries.

There are always high interest investments available to people with a large amounts of spare cash floating about even when inflation is low.

If your rent + utilities + food = your income then you ain’t hoarding money even in a deflationary spiral.

Look into the history of 2-Tone, you’ll find that it was not appropriated but a movement deliberately calculated to bring black and white teenagers together.

Ska is simple, fun music that cares little for anything other than being fun, and is often gleefully immature.

Ska, as youngsters know it today, was reinvented by the 2-Tone movement in the UK (specifically Coventry) in the late 70s. The scene was overtly political and as @NuPNuA has stated was a deliberately multicultural movement, hence the name.

If you want to hear some original ska from Jamaica then have a look for songs by Prince Buster but beware you will find some historical attitudes.

This is because inflation isn’t a bug it’s a feature.

Anything that transfers wealth up the chain, from working class to middle class and from middle class to upper class, is a feature of the western economic system.

For example, in England and Wales the Bank of England is charged with keeping inflation at a target of around two per cent. This means that the pound in a workers pocket is supposed to devalue. The advantage is that the government borrows money in its own currency so inflation means that its debt goes down (in real terms) when inflation goes up.

I kind of believe that she might have come from aliens…

I was here to say…

When is the sequel to Industrial Society and its Future coming out?

Make Medium Readable Again

Thanks for that, I shall install it if I find a lot of interesting content is posted on here from there.

Thanks, I didn’t see it and now have read it :) That Medium sign in method really sucks though.

Thanks, I didn’t see it and now have read it :)

Can someone post the text? Medium won’t let me sign in.

Yes, I agree. I just wanted to point out that Brexit wouldn’t have happened without some fairly serious money being put behind it (UKIP’s funding had to come from somewhere and there were not one but two pro-Brexit campaigns Vote Leave and LeaveEU) and that money had to spent with a purpose.

This is a great post but I would say that there were some people who were absolutely dedicated to achieving Brexit and in large part their participation can be explained by the proposed financial transaction tax.

The idea that a supra-national entity might be able to impose a tax that could be difficult to mitigate was absolutely intolerable to various millionaires and billionaires e.g. The Telegraph owning Barclay Brothers. Any downsides from the resulting chaos, which in any case would only affect the working and lower middle classes, would be more than offset by the ability to bank offshore and retain their profits untaxed.

I just do Camembert and grapes in a bit of buttered French stick but your combo sounds very tasty.

I used to hate tomatoes too. Couldn’t figure out why my brother and mother would eat them all the time, they dipped them in salt even. At some point I started liking foods made with tomatoes like pizza and so on. The point at which tomatoes started making sense to my is when I worked out they were a fruit, so rather than waiting for a savoury taste I knew I was getting a slightly less sweet grape. And then I deduced from that you could have a grape and Camembert sandwich. If you haven’t tried this combo, you’re missing out.

Could be that they’re seeking exhaustion so that can push more of their privacy breaking bullshit in international trade agreements.

Yes it’s not ‘public’ in a broadcast sense but it’s in the ‘no reasonable expectation of privacy’ bracket.

I look forward to the aliens response being something along the lines of, “You’re God’s best boys and girls, yes you are, who are blessed little ape-beings? You are, yes all of you.”