Tony Blair, newly received into the Catholic Church, is considered a great catch by some. He has set up an organisation called the "Faith Foundation" and gave a talk about it recently in Westminster Cathedral. The idea is that people of all faiths should be able to get along nicely together.
I like this idea of abstract faith. It is completely inclusive. You can have faith in bags of stones and feathers, trolls, chicken's entrails, Wicca, the Man in the Moon, the Duke of Edinburgh, lumps of stone, the US $. The possibilities are endless. What diversity shall we enjoy and how well shall we all get along together in a spirit of mutual understanding!
Only somehow I think the main beneficiary will be the one depicted with horns and a spiked tail.
I got involved in a discussion with a Youtuber called “Philosophy all along”. This was in connection with criticism of Trump’s policy of deporting illegal migrants, which he argued would be bad for the economy as it would reduce demand. This implies that there is a need to import people to sustain demand. There is no obvious reason why a population should not be able to consume everything that the same population produces. If it can not, then something else is going on. It is a basic principle that wages are the least that workers will accept to do a job. Wages are a share of the value added by workers through their wages. The remainder is distributed as economic rent, after government has taken its cut in taxes. Monopoly profit is a temporary surplus that after a delay gets absorbed into economic rent. Land values in Silicon Valley are an example of this; it's like a gold rush. The miners get little out of it. Rent and tax syphon purchasing power away from those who produce the g...
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