UK Economy Failing Whether in EU or Not

The Guardian reports that some more brands are going to the wall and some are blaming Brexit for their demise. The real reason for the demise is that the unsound economic and morally offensive consumption of fashion made by exploited foreign labour and bought on ever more extended credit is not sustainable financially or environmentally. With 300,000 tons of unwanted fashion going into landfill and contributing to the plastic contamination in the foodchains it is clear to see that this is not a long term financial model and is in itself morally bankrupt.

https://www.theguardian.com/business/2018/jul/04/calvetron-brands-winds-down-with-loss-of-600-uk-jobs

https://www.theguardian.com/business/2018/jun/18/money-for-old-socks-john-lewis-to-buy-back-clothes-to-cut-waste

the Euro – written by Joseph Stiglitz

I really don’t understand economics. It seems to me that you could redesign the financial system to benefit everyone and not a small number of individuals. At the moment I’m reading this very readable book by Joseph Stiglitz. He explains why the Euro and Eurozone don’t work and won’t work. It is a very useful source of information and something that everyone who is a committed Remainer or Brexiter should read. Unfortunately, in this very polarized debate few will probably do so and allow their passion to rule their logic. Stiglitz explains why Europe isn’t good for countless Europeans and why and that austerity imposed by the troika of the ECB, IMF and EU cannot work and leaves many people in poverty and misery. The most pressing requirement for the EU is its reform and whether the UK leaves or remains this reform will not be forthcoming.

Guardian article on the Euro

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