“I want to address the most stubborn belief of all: that running a small state is the soundest financial arrangement for governments and voters alike. Because 40 years on from the Thatcher revolution, more and more evidence is coming in to the contrary.” Aditya Chakrabortty on asset-stripping the United Kingdom. www.theguardian.com
“Whether as taxpayers or consumers, pretty much everyone in Britain is now human feedstock for Big Capital. This may not be how you see yourself. After all, you’re a customer and in our dynamic, choice-stuffed markets the customer is king. Except that the propaganda doesn’t match reality.” Aditya Chakrabortty asks what Britain is actually for. www.theguardian.com
“The Tories last year voted against a housing bill, right, this bill, it wasn’t asking much, it wasn’t attempting to turn Buckingham Palace into temporary housing for sex offenders. It was suggesting that private landlords have a legal obligation to ensure their properties are fit for human habitation. What sort of fucker votes against that? I wonder how many of the seventy Tory MPs, who are also private landlords, voted against that, including David Cameron? I’ll give you a clue: it was all of them!” Jonathan Pie, played by British actor Tom Walker, suggests that a healthy UK economy would need to do more than to create an environment in which only the wealthy do well.
“But the gap where the economic rationale for privatising council houses should be becomes a window through which it becomes possible to see beyond the individual privatisations to the meta-privatisation, and its one indisputable success: that it put more money into the hands of a small number of the very wealthiest people, at the expense of the elderly, the sick, the jobless and the working poor.” In an article that should be regarded as compulsory reading for citizens everywhere, James Meek looks back at 35 years of privatising UK industries. www.theguardian.com
“But how do you make that defense if the rich derive much of their income not from the work they do but from the assets they own? And what if great wealth comes increasingly not from enterprise but from inheritance?” After reviewing Capital in the Twenty-First Century by french professor Thomas Piketty, Paul Krugman reflects on why this particular book is reshaping the debate on wealth and inequality. www.nytimes.com