Monday, 23 May 2011


In this video I discuss causes, consequences and way to measure unemployment.


  1. You raise some reasonable points, your comments on Poles in UK was well thought out, you are looking at things from both sides, however many Poles do speak good English and do accept UK culture, yes, we do, need to control immigration and yes, we do need a refereundum on the EU.

    But, did you know that every penny in child benefit paid to Polish parents is reimbursed?

    The Poles have replaced the blacks, pakistanis, jews, Irish, they are being replaced by the Romanians as scapegoats, next it will be the Turks.

  2. I stumbled across this blog by googling 'Poles in UK' on you tube, not bad at all.

  3. "The government has four macroeconomic goals, and one of them is to achieve full employment..."

    I think this is false — at least for capitalist economies, that is. For instance, in order to maximize profit a corporation needs to keep worker wages at the lowest optimum wage possible. If we have a system with full (or near enough) employment, then the corporation is not in a position to fire workers over worker demands; meaning that workers are in a position to make more demands — for instance, higher wages. From that corporate profit is not maximized — an abhorrence to any corporation.

    With a system of unemployment corporations can fire workers at will, with the knowledge that replacements are available. (Of course, this is not the case in highly-skilled jobs — but wages will typically be high there anyway.)

    The link between government and corporate power I think is obvious to anyone who has a grasp of power. In other words, It seems to be a truism that corporate power influences government policy.

    That is how government policy is not geared towards full employment in a capitalist system.