EBOOK
About
Capital is money that is invested in the expectation of a profit. Investors inevitably move their moneytowards the highest rate of interest and lowest risk of loss. The analogy of fungal growth is offered here.A fungus such as wood rot will extend many hyphae. Where water and nutrients are abundant a newfruiting body appears above ground as a mushroom – or a stock market. Dry spaces are a minor obstacleto fungal growth, and national boundaries are minor obstacles to globalisation of capital."Socialisation of loss, privatization of capital" in 2008 led to the current £1.7 trillion debt, with another £100 billion soon to come from Greek and other EU debts.. The Conservative project of "rolling back the state" is now advanced, so no incoming government of the left can hope to have much revenue.The world since 1991 forms a single substrate for capital. This seemed to be delivering prosperity tomost peoples, but problems appeared in 2008. A big problem in the UK is the loss of jobs in basicindustry. Capital has moved them to Asia and concentrated financial services in London. Other newjobs are mostly poorly-paid in distribution and retail. The historical materialist basis of classes is analysed, particularly the role of UKIP for small business.The expansion of Capital into property has created another problem for UK workers. Rents now take40% or more of income and house ownership is out of reach for many.A "people's march for real jobs and affordable housing", which could be addressed by an infrastructure spending on rail, road and cycle tracks. Ed Conduit worked as a clinical psychologist for 43 years and has further degrees in lecturing, computer science and linguistics. He has no formal training in economics, but thinks that social democrats at the present time are obliged to try to understand money. His professional habit of trying to empathise with diverse peoples helps him achieve the national outlook of people in many nations.Ed's other e-book on politics and ecology is "Unsustainable Population". He has also writtene-books on linguistics: "The Black Country Dialect", "Lakeland Language" and "The Iceland Bus". His work on health psychology was printed in 1995 as "The Body Under Stress".