Friday, 16 December 2016

Striking over Christmas

Just to summarise, those striking over Christmas, in case you've lost count...
  • Southern Rail train drivers, because they don't want to close the doors,
  • Royal Mail, because they don't want to deliver the cards,
  • Airline check-in staff, because they don't want to check passengers in,
  • Baggage handlers, because they don't want to handle baggage,
  • Cargo crew, because with no passengers checked-in and no baggage there's nothing for them to do.
 I hope you were not planning to go somewhere this Christmas; no chance of that!

Friday, 9 December 2016

More enemies of the people

When the High Court ruled that Article 50 could not be triggered by the government purely on the strength of the democratically expressed will of the entire population, the Daily Mail called the judges "enemies of the people" - a phrase dating to Roman times but made chilling by the Soviet Union - enemies of the people, or state, tended to disappear.

Now we have more enemies of the people, this time the people of the Netherlands. A court near Amsterdam has found Geert Wilders, leader of the Dutch Party of Freedom, guilty of "insulting a group" and "inciting discrimination". His "crime" was to ask a public meeting if they wanted more or less immigration from Morocco. When the audience came down on the side of less he offered to make that happen for them.

Wilders: Not much concerned

Having convicted Wilders of something that is not actually a crime the court could not bring itself to impose any form of punishment.

This apparent magnanimity is probably just self-preservation. The judges may have sniffed the air, noted Brexit, Trump, etc, and realised being on the wrong side of history could be bad for their health as some point in the future, so they just let hm go.

In the UK there has been some blow-back to people judging the judges by using such terms as enemies of the people. But what are you supposed to do? Just let them ignore the will of the people with no consequence? Government appointees such as High Court judges should not be able to overturn the will of the people. When there is such a wide gulf between the ruled and the rulers, the rulers must give way. That is democracy. Anything else is tyranny - no matter how impressive the perpetrators' wigs.

Tuesday, 6 December 2016

Achtung! Burka ist Verboten!

Can you believe the cheek of the woman?! Angela Merkel that is. First she lets a million hostile aliens into her country, but now she see an election on the horizon it's all ban the burka patriotism. 

Well this blog doesn't agree with banning the burka; no, we should ban the people wearing them. The Islamic religion itself is the problem; the oppression of women, the rejection of "man-made law" (what we like to call "democracy") the creep towards sharia - it all has no place in our country. We don't want it.

Banning the burka is treating the symptoms; instead treat the disease.

Monday, 5 December 2016

2017, year of elections

Next year we will have a general election in the Netherlands (March), a presidential election in France (April), a federal election in Germany (September) and now that the Italian constitutional referendum has returned a resounding "No" and the Prime Minister has announced his resignation there will most likely be a general election in Italy, probably in March next year.

That's a lot of voting and in each country there is a growing Eurosceptic party snapping at the heels of the establishment. By the end of 2017 the European political landscape could look very different from now.

How the rich get richer

The difference between "rich people" and everyone else is that while ordinary people have income and own assets the rich have "capital". Capital is a productive asset which returns a yield. Now even low yielding capital such as FTSE100 shares have an average yield of 4% (on top of which the owner may get capital growth) while the economy is growing in the 2-3% range.

This means that provided the yield is re-invested into capital the capital owner will own an ever increasing share of the economy with every passing year.

He could even skim off 1% and still increase his share of the pie.

That is why the rich get richer.