White Hart Lane stadium: the gap on match days between the affluence inside the ground and the surrounding area is one of the biggest in the UK. The problem with British football can be best understood by making a match…
Month: April 2021
Europe’s Super League is intangible capital’s latest triumph
Soccer fans are up in arms about plans announced on 18 April for a Super League involving Europe’s top clubs. It’s backed by 12: Real Madrid, Atletico Madrid, Barcelona, Juventus, AC Milan, Inter Milan plus the English clubs of Arsenal,…
The intangible commodity
Karl Marx was a rationalist who rejected religious or metaphysical arguments. He was, therefore, drawn to the scientific approach to economics that the cost of production theory of value expressed. Chapter 1 of Capital’s first volume lays the conceptual foundations for…
Yellen’s minimum tax agreement won’t work until the dominance of intangible capital is ended
Janet Yellen: her global minimum tax plan lacks detail and is impractical On 5 April, US Treasury Secretary Janet Yellen said America wants a global agreement fixing a minimum corporate tax level. This follows President Biden’s announcement that he planned…