The disastrous NHS IT project, the great symbol of the pursuit of illusory efficiency (in this case at the cost of £12 billion) began with a meeting in 10 Downing Street in 2002 between Tony Blair, Bill Gates and associated hangers on.
As early as 2004, seven years ago, the systems thinker John Seddon predicted that it would fail.More
Yesterday the Bank of England again surprised the City by announcing a further £75bn’s worth of Quantitative Easing (QE), buying up government debt from the banks over the next four months. The hope is that QE will lower long term interest rates. The interest rate on the government debt being bought from banks now (mainly 3%) is higher than the new debt being issued by the government (0.5%). With lower long term interest rates, banks should start lending again. More
Is there a link between rising personal debt and rising obesity?
You can see why there might be, both – on the face of it – have something to do with over-consumption, possibly even greed.
It is true that a study in Germany suggests that the most over indebted people are twice as likely to be overweight.More
I met Wangari Maathai only once, in a lift in Birmingham at the People’s Summit – the new economics alternative to the G8 summit in 1998.
The People’s Summit was the last of the series of TOES events (The Other Economics Summit) organised by nef to showcase the new economics alongside the G7 and G8 meetings.More
One of the key criticisms we at nef made of the final ICB report was that there was no good reason for such a long implementation timetable other than to allow plenty of time for the banking lobby to set to work on watering down the reforms.
Now read the words of Elisabeth Rudman, Senior Vice President in Moody's Financial Institutions Group in London:More
We have been beavering away here at nef for a quarter of a century on behalf of the new economics – explaining what an economy which puts people and planet first looks like, and why it is urgent and possible.
Often we point out coming economic disasters. Often we suggest the solutions before they are taken up, though our solutions tend to be adopted in peculiar, narrow or bowlderised ways. Sometimes, for a second or two, it even looks as if we are winning.More
A few years ago, I set about finding ways to make a poetic idea of mine into a reality. The concept, was to travel to four corners of the world in search of driftwood that I would eventually use to make a large conference table, surrounded by twelve chairs, and at each geography, work alongside local communities and an environmental NGO. The finished piece would be an attempt to unify the plights and issues these places faces, and demonstrate that global biodiversity is inextricably linked. More