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Cynicus Economicus
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A Cynical look at world economics, with a particular focus on the meltdown of the UK economy.
Recent Posts Tagged With 'globalisation'
Banking Crisis - What is REALLY Going On?
It is very easy in the current circumstances to focus on the crisis that is engulfing the financial system or the unfolding drama of the US bailout. However, this is not the real story, just an expression of the symptoms of the real story.As I have m...
Can the Economics of the Past be used to Predict the Economic Future?
I have had several comments on my posts and, time allowing, I will try to respond to them. One interesting question was:'I suppose we are used to economic cycles, with booms and busts of varying degrees. Are you saying that this time it's going to b...
The Root of The Problem
I was talking with someone yesterday, and was trying to explain why there are so many problems in the world economy at the moment, and gave a simple explanation that seemed to make sense. It is far from being a perfect explanation, but it does make t...
Are the cynics 'Doomsters'?
I have had another interesting comment to one of my posts, and I will reproduce the key parts below:-------'I have recently been discussing the economy with a friend of mine and I find it quite frustrating that whatever I say about the problems we f...
So what is to be done?
So what is to be done to fix the UK economy? A perfectly fair question, you might think.However, the problem is that it is too late to fix the problems that are now occurring. There is no magical legislative wand that can magic away the structural pr...
The Cigarette Lighter Problem
I have mainly been talking about the UK economy, but for a moment I would like to talk about the 'cigarette lighter problem'. It is a rather unusual way of looking at the underlying functioning of economies that I came up with when discussing economi...
