June 2019 - Emile Woolf writes

TIME TO WAKE UP

GOING POSTAL – 24 JUNE 2019 [ECONOMIC PERSPECTIVES – 56] A friend of many years’ standing has sent me an essay written by his 21-year-old grandson, now entering his final post-graduate year. It purports to establish that Capitalism and human survival on Planet Earth are utterly and totally incompatible. It is replete with bibliographical references […]

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Central banks – blundering masquerading as policy

By Emile Woolf [ECONOMIC PERSPECTIVES – 55] A couple of months back, in the context of blaming the government’s inflexibility for its failure to achieve a deal with the EU over Brexit, Jeremy Corbyn railed against the Tory Party, declaring that it “actually wants to turn this country into a deregulated, low-tax society that will […]

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“No Deal” would be a blessed release!

[Economic perspectives 53] It must be clearly stated that Theresa May’s “deal” was not a compromise at all – it would have been nothing short of a humiliating capitulation. Let’s be in no doubt – the PM’s proposed “alignment” with the EU’s single market and continuing membership of the “customs union”, and the obligation to […]

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AUDITORS DEFEATED BY ACCOUNTING ABERRATIONS

  It is a curious development in professional auditing circles that being sued for negligence has almost been overtaken in the “nightmare-stakes” by the threat of a regulatory mauling. Widely broadcast findings that an auditor’s work has been negligent lead to severe reputational attrition and massive fines – and unlike judgments in case law, none […]

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