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11 comments

1 iceweasel  Sep 18, 2014 11:54:40am

That’s awesome! Thanks for posting. :)

2 EPR-radar  Sep 18, 2014 11:57:13am

Interesting article. Another appetizer:

Neoliberalism, in Britain and elsewhere, has not just hived off collective resources into private hands; it has also hollowed out liberal democratic governments, placing large areas of political debate under the sole purview of dispassionate, spreadsheet-wielding technocrats, beholden only to the markets. The result is an ever-shrinking arena for the rest of us to thrash out ideas. Under this type of politics, most of the political landscape becomes ossified and uncontested. We can squabble over whether the government should implement temporary energy price freezes, but never ask why energy production shouldn’t be in public ownership altogether. We can ponder the finer details of banker bonuses, but never discuss why it is that a mammoth, rentier financial industry is allowed to gamble every day with the world’s economic future—pocketing all the profits when it wins and socializing all the risk when it loses. Amid an orgy of material choice, our political horizons have narrowed to near zero.

3 Backwoods_Sleuth  Sep 18, 2014 11:58:30am

From very early this morning:

Later in the day:

And just now:

4 Backwoods_Sleuth  Sep 18, 2014 12:20:54pm
5 Backwoods_Sleuth  Sep 18, 2014 12:26:51pm
6 1Peter G1  Sep 18, 2014 12:54:52pm

It will be interesting to see what they do when the oil runs out.

7 EPR-radar  Sep 18, 2014 1:19:42pm

re: #6 1Peter G1

It will be interesting to see what they do when the oil runs out.

Yes it will. And that’s just fine.

It’s not like cringing and scraping before banker overlords is any better as a long term plan.

8 CarolJ  Sep 18, 2014 2:09:57pm

re: #7 EPR-radar

The general idea is that oil money goes in a fund for the future.

9 Rightwingconspirator  Sep 18, 2014 5:03:01pm
10 1Peter G1  Sep 18, 2014 6:39:51pm

re: #8 CarolJ

That would be a great idea. That’s what Norway did and they have a large sovereign fund. Of course they had a functional economy and could save quite a lot of their oil revenues. I doubt Scotland could do that and fund the social programs they require. So that may be the idea but the practice is likely to differ.

11 I Stand With Big Sodomy!  Sep 18, 2014 11:52:19pm

What I find strange is all the Americans who are snotty about Scotland wanting to leave.
Whether it is a good idea for Scotland or not is not the point I am trying to make.
We are a country who fought for independence from England through war! We celebrate it every year.
When the colony’s wanted to leave, England, as well as other countries, were positive they would never make it.


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