Trump Relaxing Banking Regulations Could Sow the Seeds of the Next Financial Crisis

Trump relaxing banking regulations could sow the seeds of the next financial crisis. I don’t think he understands that regulation is a good thing, as the consumers need to be protected, rather than a bad thing. It seems he takes his orders from Steve Bannon and somehow believes deregulation will cause growth in the short term. This is bad news for the long-term outlook for the world. Hopefully the next US president and government pushes back against this and undoes the damage before it’s too late.

Britain’s Hard Brexit Will be a Disaster

With a hard Brexit, Britain is shooting itself in both feet and then trying to dribble like Messi.

Poem: What Next for The World?

What next for the world,

What next for us?

What next for the world,

Is it written on a bus?

What next for the world,

What next for the good?

What next for the bad,

What will happen –

What should?

Could,

Would,

Be,

Is it time for us to live the future free?

The Effect of Technology on Future Employment

The effect of technology on future employment, as highlighted by business leaders at Davos, is profound. More and more software, computers and robots will be replacing human workers, and some of it has already happened (think the lack of as many human cashiers in supermarkets).

One answer to the increased joblessness and lack of expendable income is a “spending wage” for citizens for doing no work at all. This would stimulate the economy by allowing people to purchase consumer goods, though it may not solve the self-esteem issue of people not feeling that they have a purpose in life, or that they at least have a diminished purpose in life.

Why Ireland is so Popular for Multinationals

Forget what people have said about multinational corporations coming to Ireland only in order to pay our very low tax rate. It’s hogwash. Those companies could go to many, many different countries to avail of low taxes. The real reasons why they have chosen Ireland as their destination is because Ireland is geographically close to the Europe, it is a member of the EU, it has a highly qualified, skilled workforce, its people speak fluent English, it doesn’t have a lot of red tape so it’s fast and easy to set up shop there, it’s a peaceful country so it’s very stable, politically it is also very stable and that doesn’t look like changing. Having a low tax environment is quite helpful for the company to maximise its profits also, but it’s nowhere near the be-all and end-all.

We can be very cynical and negative and display all the signs of an inferiority complex when it comes to evaluating our country, but Ireland’s success is justified only partly by happenstance (such as the fact that we speak English), and partly by visionary planning by the IDA (where they decades ago to focus on technology and pharmaceuticals as two growth industries the IDA should attempt to woo in order to get a lot of investment into the country).

Ireland has been a success story in many ways, and it’s healthy to celebrate that. It may be a relatively small island with a small population, but – to use the cliché – it really does punch above its weight. Most multinationals investing in Ireland are, of course, American, and perhaps there is something to the fact that Irish people make up a proportion of the US population, so they may go with a country for the European market whose culture they understand.

The Branding of Juventus and Pogba

Like it or loathe it, Juventus’ new logo is another sign of the branding and commercial focus of soccer clubs nowadays. Juventus is up against all the other big clubs and they need to make an effort to stand out. Even if I happen to like the new logo, the announcement was full of the usual marketing mumbo jumbo, so it quickly became annoying and pretentious.

It may also be a mistake. Juventus’ logo is recognised by millions so to change it seems like a silly waste of money and, more importantly, branding capital. They have to start from scratch with this new logo. It helps that it features a capitalised “j”, but still. Much more important, however, is the players this club can attract and what it can achieve on the pitch.

Paul Pogba spent a bit of time getting “p”s shaved into his head and having two capitalised “p”s bleached a greenish yellow colour to signify “Paul Pogba” on his noggin alongside getting his own Twitter emoji. Considering his performance against Liverpool on Sunday he should probably be focusing on how to get the best performance out of himself for his club. Though I think it has become clear to a lot of people that his choice to move to Manchester United was driven as much by commercial and branding ambitions as soccer ones.

Co-opism is What’s Best for the Future of Humanity

Now I want to share an idea of mine of a new political ideology that could help humanity have a better future. I call it “Co-opism”. This ideology would still fall under the umbrella of capitalism technically, as it would still be about the profit motive in a capitalist economy, but with the benefits of a co-operative structure, like better pay, better conditions and more engagement with the company, and thus happier employees who are more motivated to outdo the purely capitalist competition because they are happier and because they have a stake in the company.

This simple idea can be put into place in countries all over the world. And the world will have to fight politically to put this idea into place by incentivising the founding of co-operatives and helping co-operatives in state policy and penalising and not helping non-co-operative companies. Now, I am aware that there is a system that is even better for the average citizen than co-opism and that is workers self-directed enterprises (WSDEs), as outlined by Richard D. Wolff on his website http://www.democracyatwork.info/ but I don’t think it is realistic to jump straight from pure capitalism to WSDEs. It is more realistic to work with the co-operatives that are in your country now and that are part of a culturally well-understood system.

One reason why I think Co-opism will work and that it as an idea will inevitably be put into action is that it is a nice halfway house between communism and capitalism. It gives better benefits for workers like communism but still has the healthy profit motive of capitalism.

So, here’s the part where I try to inspire you to take action. Put co-opism into place by founding a co-operative-focused political party! Spread co-opism elsewhere by simply sharing this blog post or by communicating the idea to others! Rise up against pure capitalism and neo-liberalism!