Comment on macroeconomic issues
Failed politician [1] loses account at exclusive bank. It’s a story with very minor human interest, and of no importance whatsoever. Yet it has consumed the attention of the UK media for weeks now, involved the UK Prime Minister and other government politicians, and led to two very senior people at the bank concerned resigning. It is summer, but there are plenty of far more important stories the media could cover. So why does something so insignificant dominate much of the media, and what does it tells us a
You cannot begin to understand why this story hit the headlines without understanding the nature of the current Conservative party, including its media arm that dominates the UK press. To put it bluntly, the main purpose of the Conservative party today is to preserve the interest of its very rich donors. It is not there, as some on the left continue to believe, to pursue neoliberal ideology or ( equivalently? ) to support the interests of large corporations. That notion died with Brexit, and Johnson’s ‘f**k