tag:blogger.com,1999:blog-5312853715123370916.post1639763400407295822..comments2024-03-17T00:10:44.022+00:00Comments on From Arse To Elbow: Big data means big moneyDavid Timoneyhttp://www.blogger.com/profile/03568348438980023320noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5312853715123370916.post-16431080767301431942012-06-17T11:23:45.000+01:002012-06-17T11:23:45.000+01:00Did you see Krugman on crony capitalism? Not sure ...Did you see Krugman on crony capitalism? Not sure if he's not trying a bit too hard to find something bad to say, but iI agree with both of you that there is a commitment either not to have govt spending or not to admit it (ie by hiding behind infrastructure bonds when it would be cheaper just to build stuff). <br /> Though I have an ideological aversion to summer football, I enjoyed The O'Walcott etc.Lukenoreply@blogger.comtag:blogger.com,1999:blog-5312853715123370916.post-55102611073364442182012-06-15T12:24:41.833+01:002012-06-15T12:24:41.833+01:00If only. The sums involved are negligible in terms...If only. The sums involved are negligible in terms of a stimulus. This is more an example of the corporate-political nexus extracting rent from the public coffers. <br /><br />The leveson inquiry is focusing attention on the mutual interests of politics and the media, but this serves to distract from the bigger issue that has been brewing over the last 5 years, namely the extent to which an ideological aversion to public expenditure has allowed corporates and their PR arm (McKinseys etc) to compensate for low private sector growth by securing government business. We're not just bailing out banks, we're shipping cash to the likes of A4e, Capita, Serco etc. <br /><br />This is not just a simple continuation of privatisation, but has now morphed into the creation of dubious projects and schemes to deliver services that did not previously exist. The mandatory work programme has already been shown to have little benefit at considerable cost, while the recent demonisation of 120,000 "troubled" families by Pickles and Duncan-Smith is a clear attempt to create a market segment that private providers can manage in return for public cash.<br /><br />May's initiative is another example. You can expect more.David Timoneyhttps://www.blogger.com/profile/03568348438980023320noreply@blogger.comtag:blogger.com,1999:blog-5312853715123370916.post-81756920437298228632012-06-15T09:58:06.332+01:002012-06-15T09:58:06.332+01:00Are you suggesting it is a huge Keynsian boost wit...Are you suggesting it is a huge Keynsian boost without having to admit that Georgie was wrong?Lukenoreply@blogger.com