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Politics over Economics

letter to the City Editor, The Daily Telegraph (October 2004)

Dear Mr Collins,

It is quite fascinating to realise that it is possible to imagine that politics is senior to economics or vice versa. As operating in the existing world, they are both equally psychotic.

I remember Denis Healey, when he was Chancellor of the Exchequer, saying to Arthur Lewis M.P. “I have never understood money and I never will”. There was a marriage of the two major insanities, which rule our lives in 2004.

To-day money has to be borrowed into existence. So that we use credit as our currency. The global economy is insolvent.

Politics, as we now know, is almost 100 per cent spin. Politicians spin a camouflage net, to hide reality. Putin, head of the KGB, the most horrific terror group, that has ever existed on this planet, is now masterminding the psycho-political mix of politics and economics in Russia.

His emissions will prove far more deadly than CO2.