It’s open season on the Croke Park Agreement and public sector workers in particular. It should be scrapped, torn-up, renegotiated, whatever – just cut wages. Some of the arguments are Pythonesque. Dr Eddie Molloy, in…
Tagged By Irish Economy
All is Well, Really Really Well
The Exchequer figures are out. And they are not good. Coming into this year, the Government had a strong wind at its back, with €1 billion being carried forward from Budget 2011. That wind has…
The policy of transferring incomes to capital and the rich
Over at Progressive Economy Michael Burke reproduces a very revealing table from the CSO’s Irish National Income and Expenditure for 2011 report which illustrates just exactly what is behind the policy of increasing austerity even though…
The High-Tax, Low-Tax Conundrum
It is commonly asserted by progressives that Ireland is a ‘low-tax’ regime. Therefore, goes the argument, we should focus on tax increases rather than spending cuts – if we aspire to European level of public…
Political Statement from the CPI: no solutions to the people’s problems within the system of capitalism
The National Executive Committee of the Communist Party of Ireland at its meeting on 1 September discussed the difficult economic conditions and the hardship being imposed by the ruling class as they attempt to make…
The Bottomless Pit that is the National Debt
Statement from Repudiate the Debt The recently published report of the Central Bank of Ireland entitled “Irish SME credit supply and demand: Comparisons across the surveys and countries” exposes as never before what the bank…
Gap Between GNP and GDP An Illustration of Ireland’s Tax Haven Status
The significant difference between Ireland’s GNP and GDP has been so normalised that even newscasters on the 9 O’Clock News, reading out a report on a very small increase in Ireland’s GDP now usually follow…
Hundreds of Garda deployed to protect Shell’s machine from the people of Ireland
Hundreds of Garda deployed to protect Shell’s machine from the people of Ireland Shell to Sea were out last night filming the massive police presence protecting what no doubt the Irish state and Shell would…
It’s the People’s Oil, Not the Corporations’
The announcement of a significant oil find in the Barryroe field off the Cork coast, along with the many other discoveries of oil, gas, and precious metals, emphasises once again the case for these and…
Another Day in the Spin Factory
It is hard work tracking the real impact of a Government announcement, rather than relying on press handouts, Departmental briefing notes and Ministerial statements. Take the Government’s Infrastructure Stimulus announcement last week: €2.25 billion, 13,000 jobs,…
Raising the Floor
In a previous post we looked at how our rich are richer than the rich of other European countries. Our rich grab a higher proportion of disposable income. That’s one side of the coin. Let’s look…
The Good, the Bad and the Curious
What are to make of the CSO’s release of new GDP figures? The Irish Times claimed it showed the domestic economy growing for the first time in two years. The Independent claimed it put our targets at risk….
Bathing the Rich
Okay, so you’re not one of those who believe in soaking the rich. But what about bathing? A good bath is healthy for the body and the mind. And the economy. There are a number…
Ireland and the Financial Transactions Tax
The issue of an EU-wide financial transactions (aka Robin Hood) tax and Ireland’s potential participation (or lack of) has been in the news again recently. A tax of 0.1% on shares and bonds and a…

