Home » Posts tagged "Market Intervention" (Page 6)

Tag Archives: Market Intervention

Carswell on Peston and Corporatism

Peston calls this the “new capitalism”.  This seems to be all about government overseeing big business and public policy-makers directing business.  Not much “new” about this idea, Robert.  It’s called corporatism.  And they tried it in 1920s Italy and elsewhere. via Douglas Carswell MP. It seems that, from generation to generation, we must keep explaining why government and big business should not be entwined. We have had a crisis of global statism. It’s time to try capitalism, a sustainable capitalism of [...]

Tags: , , , , , ,

FT.com / US – Detroit reels as $14bn rescue fails

The high profile effort to agree legislation to lend $14bn to the US auto industry collapsed on Thursday night, leading the Bush administration to hold open the possibility that it would seek funds from its financial rescue plan instead. Efforts to agree a deal in the US Senate ended in failure when Harry Reid, the leader of the Democratic majority, said negotiations with Senate Republicans were at an end and warned that millions of jobs were at stake as a [...]

Tags: , , , ,

FT.com / Brussels – Berlin hits out at ‘crass’ UK strategy

At the FT: Germany’s finance minister has launched a stinging attack on the “crass Keynesianism” pursued by Gordon Brown, the British prime minister, fuelling tensions on the eve of European economic crisis talks in Brussels. Peer Steinbrück accuses Mr Brown in a magazine interview of “tossing around billions” and saddling a whole generation with a bill for paying off British debt. At the Telegraph, “Brown’s economic rescue plan ineffective says German minister”: Peer Steinbrück launched an outspoken attack on Mr [...]

Tags: , , , , ,

Telegraph – Government panel to keep food prices down

The new Council of Food Policy Advisors, chaired by Dame Suzi Leather, Chair of the Charity Commission, will advise on food distribution and consumption as well as pricing. Food shopping bills rose at their fastest rate since records began last year, with bread, rice, pasta and meat all going up by well over the rate of inflation. And this is before the impact of the falling pound on food imports. This looks awfully like the road to price controls: price [...]

Tags: , , , ,

In Hard Times, Russia Moves In to Reclaim Private Industries — NY Times

Mr. Putin, the former president and current prime minister, has long maintained that Russia made a colossal error in the 1990s by allowing its enormous reserves of oil, gas and other natural resources to fall into private hands. He has acted uncompromisingly — most notably in the case of the Yukos Oil Company in 2003 — to get them back. Now, the Kremlin seems to be capitalizing on the economic crisis, exploiting the opportunity to establish more control over financially [...]

Tags: , , , ,

Bureaucracy, Communism and New Labour

Joseph Stalin in 1934, quoted here: Bureaucracy and red tape in the administrative apparatus; idle chatter about “leadership in general” instead of real and concrete leadership; the functional structure of our organizations and lack of individual responsibility; lack of personal responsibility in work, and wage equalization; the absence of a systematic check upon the fulfillment of decisions; fear of self-criticism — these are the sources of our difficulties; this is where our difficulties are now lodged. Miserably familiar stuff, but [...]

Tags: , , , ,

Anger as Mandelson threatens to sue HBOS merger challengers – Sunday Herald

With a hat tip to Graham: SOURCES CLOSE to Alex Salmond last night accused Lord Mandelson of trying to “stack the deck” against those challenging the merger of HBOS with Lloyds TSB after they were threatened with huge legal bills unless they dropped their case. Lawyers acting for Mandelson, the business and enterprise secretary, told the Merger Action Group (MAG) that unless it halted its legal fight, Mandelson would “pursue costs against each of the group’s identified members”. However if [...]

Tags: , , , , ,

Vauxhall in secret cash plea to save 5,000 jobs — Times

The Times has learnt that the vehicle manufacturer, which employs around 5,000 workers at plants in Merseyside and Luton, approached Lord Mandelson, the Business Secretary, last week along with other carmakers, to urge the Government to give guarantees offering financial comfort to its car-part suppliers and dealerships. read more | digg story

Tags: , , ,

FT.com: Government action fails to halt global sell-off

Post Image

Today, the FT reports: London’s FTSE 100 fell 5.6 per cent, or 281 points, to 4,699.6. The renewed fall took the benchmark index 100 under its closing low point for the year and beneath the 4,700-point mark for the first time since 2004. Germany’s Xetra Dax 30 was 5.5 per cent weaker at 5,477.6 and the CAC 40 in Paris tumbled 6 per cent to 3,835.5. Overall, the FTSE Eurofirst 300 surrendered 5.3 per cent to 1,031.6, a loss of [...]

Tags: , ,

Further pressure on food from EU regulation

The EU will be limiting the number of pesticides available to farmers. Lower yields and higher prices are expected. No impact assessment was carried out for the proposals. It’s as if the bureaucrats think regulation is free! read more | digg story

Tags: , , ,

Newer posts →

Enjoy freedom responsibly

Steve Baker is MP for Wycombe. He was previously an RAF officer then a business software consultant. Find out more...

Steve holds regular surgeries in High Wycombe. If you would like an appointment, please call 01494 448408.

Twitter

Recommended reading

Tags

1984 Austrian School Authoritarianism Banking Bikes Books Bureaucracy Cobden Centre Conservatives Crime David Cameron debt Democracy Driving economics Education Environment EU Europe Finance Financial Crisis Government Health Hospital Ideas Incompetence Justice Liberty Market Intervention Media Money New Labour Optimism Parliament Quotations Reform Responsibility Rule of Law Skydiving Social Justice Society Sophistry Tax Transport Wycombe

See also

Latest

About this site

This website is paid for by Steven Baker and administered privately. Views expressed are those of the indicated author, except where attributed to the authors of comments.

Steven Baker is not responsible for content on linked sites.

Login/Register