Des Barnes
2.9K posts




Andy Burnham recently identified the “four horsemen” of British decline as deindustrialisation, privatisation, austerity and Brexit. I argue that the country's relative decline––its unusually poor performance relative to its peers––is in fact down to the British elite overreacting to its perceived imperial decline, betting the house on finance and losing. Much of pre-2008 growth was debt and asset price driven and the devastating policy errors of the austerity era and Brexit were partly a failure to come up with the right diagnosis. The logic of 'financialisation' (without quibbling over the concept) has penetrated far more deeply, its effect have been far more wide-reaching, the country's reliance off the financial sector is larger and the economy has far less to offset the detrimental effects than other countries that have undergone this transformation. It is the a extreme illustration of the main macroeconomic legacy of the neoliberal era: the long decline of private productive investment. Link below.


A moment we thought we would never see 🤯 Sabastian Sawe has become the first person to run a marathon in under two hours in race conditions.


The AMOC will drastically slow in the coming decades and head to total collapse. The world changes for many thousands of years, our sliver of stable climate gone. Your grandkids will inherit chaos; you should be angry. Exxon knew, they all knew.







Eddie Howe retains 'full support' within NUFC right now. Relationships strong and he is key and central to summer planning and beyond, as things stand. Truth about planned PIF board meeting - with Howe & Saudi chiefs set to be in attendance. shieldsgazette.com/sport/football…


















