Puppet or Puppet-Master?
For the most part, I've often felt like a lone voice in some sort of Biblical wilderness, quacking on about the reasons why the world - well at least the human race - appears to be in constant self-destruct mode, economically. Economics, as I've always maintained, is not a science. At best, it equates to some manner of astrology or quack medicine, and like both is rooted in centuries past: attempts by ill-equipped minds to explain the unexplainable. I was reading a cover piece in this week's New Statesman by Ed Conway, which rang so true with my long-held belief that economic dogmas - which come and go in long periodic cycles - are nowt more than fictions concocted by the uninformed and blindly optimistic to attempt to explain the vicissitudes of the market economy. We know only too well the vagaries of trying to predict the behaviour of the world's climate. And predicting the fluctuations of economies is, like predicting the weather, at best an educated guess. The clos...