CIRCLE WITH A DOT

The geopolitical world we have has reached its limits https://www.taxresearch.org.uk/Blog/2026/03/23/the-geopolitical-world-we-have-has-reached-its-limits/

@RichardJMurphy Quibble 2. Marginal pricing encourages cheaper producers to build new generation as there is profit in undercutting the expensive price setters. However until the most expensive generation is squeezed out the only people who benefit are the generators not the customer. Which is taking _decades_ (“efficient” markets, Bah!). You somehow need to encourage capital to invest in new generation, so segmenting as you suggest or splitting the difference between bid and most expensive.

The coming crisis https://www.taxresearch.org.uk/Blog/2026/03/06/the-coming-crisis-2/

@RichardJMurphy Exactly. If the US stopped today, which seems very unlikely, the consequences will last for decades.

The insanity of war https://www.taxresearch.org.uk/Blog/2026/03/04/the-insanity-of-war/ This was a day when fantasy met reality. The Office for Budget Responsibility's absurd claims came up hard against the reality of Zionist-inspired aggression and lost heavily.So will we. Have no doubt about it. This ware is going to be very costly. Neoliberals are out of ideas. War is one of the few things they have left that they can imagine doing to sustain themselves in power. We will all pay a very heavy price for that.