Daily Archives: September 13, 2015


The BBC is Irredeemable

As I get older and I see the institutions of British society twisted and distorted to fit the extreme neo-liberal agenda, I find myself advocating all kinds of responses which I would have found anathema even a decade below. One f these is that I definitely believe that the BBC should be abolished as a public funded institution, and the BBC poll tax (aka license fee) abolished.

The extent of BBC bias during the referendum campaign was breathtaking. I have worked, and specifically reported on the media, in dictatorships which had a less insidious and complete bias than the BBC has against Scottish independence. The relentless anti-Corbyn propaganda shows that the BBC exists to reinforce the neo-liberal narrative at all costs, both at home and abroad. Laura Kuenssberg achieved levels of disdain and ridicule in her report on Shadow Cabinet appointments this evening that ought to disqualify her forever from employment anywhere but Fox News. This was followed by “Reporting Scotland” and a long propaganda piece against the idea of a second referendum, replete with lies about pledges of “once in a lifetime”.

I do not think in the 21st Century we need a state broadcaster. If you want right wing propaganda, you can watch it on Murdoch, without paying a compulsory tax for it. I don’t want to watch baking, “celebrities” I have never heard of dancing, or people abseiling to win a holiday in Jamaica. If I did, I am sure I could find someone to provide it commercially.

The more worthwhile parts of the BBC’s output could be maintained or commissioned as arts spending and broadcast on commercial or internet platforms. You do not actually need a state broadcaster to have symphony orchestras and just a minute.

Even the Tories are occasionally right about something, and they are right that the BBC is a hugely bloated organisation, with 107 bureaucrats who earn over 100,000 and 23 who earn over 200,000. Forget all the ideas about reform. Just chuck the worthless bunch out on the street.

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People’s Quantitive Easing

The media is astonishing today in its barrage against Jeremy Corbyn. Presenters repeatedly state that to oppose nuclear weapons and foreign wars is “weak”, as though that were undeniable. Spending quantitive easing on public infrastructure is “inflationary” and “irresponsible” – and these are the presenters not the guests. Why simply handing quantitive easing money to the bankers is not inflationary or irresponsible is not explained.

I would claim to have got there on “people’s quantitive easing” before hearing that phrase. 42 months ago I published

It is beyond doubt true that the effect of creation of new money is to reduce the value of currency already in circulation. The effects will show through in inflation and the exchange rate. Of course, those will continue to be affected by other factors as well, which is why there are better and worse times to do it. But in effect Q.E. is still a transfer of wealth from those who hold any of the currency to those given the new stuff. In other words, more cash from you to the bankers.

Actually if QE had been used genuinely to stimulate the economy it would have been a marvellous thing. With £350 billion we could have built an enormous amount of social housing on brownfield sites, converted derelict high streets into housing, built the Severn barrage and a high speed rail link from London to Aberdeen and still have had change. We could have reopened the steel industry to do it. a thousand manufacturing firms could have been re-tooled. Millions could have been employed. The entire logic of economic depression could have been turned around.

Instead we gave more cash to the bankers.

Progressive opinion catches up with me eventually. In another decade or more likely two, mainstream journalists might catch up as well.

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