{"id":52923,"date":"2020-05-01T08:45:59","date_gmt":"2020-05-01T13:45:59","guid":{"rendered":"https:\/\/olduvai.ca\/?p=52923"},"modified":"2020-05-01T08:56:55","modified_gmt":"2020-05-01T13:56:55","slug":"blains-morning-porridge-1-may-day-2020-boeing-marx-wins","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=52923","title":{"rendered":"Blain’s Morning Porridge (1) May Day 2020: Boeing – Marx Wins"},"content":{"rendered":"\n

Blain’s Morning Porridge (1) May Day 2020: Boeing – Marx Wins<\/a><\/h3>\n\n\n\n
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\u201cI fly because it releases my mind from the tyranny of petty things.\u201d<\/em><\/p>\n\n\n\n

There are going to be two porridge this morning\u2026 This is the ANGRY one<\/strong>. <\/p>\n\n\n\n

Later I am going to post something on Sovereign Debt.. I thought I ought to separate them.. you will understand as you read on.<\/p>\n\n\n\n

May 1st is the day we associate with the Workers of the World. Originally is was the Spring Festival: Maypole dancing and new life springing from hedgerow and field. Karl Marx and Communism tried to rebrand it as a Workers\u2019 Holiday. That might actually be apt: how many of us were out on our balconies or streets last night clapping Our NHS (The UK\u2019s Health Service), thanking the key workers and the services keeping us safe through this pandemic? <\/p>\n\n\n\n

I\u2019m writing two porridges this morning because I am deeply uneasy about what\u2019s happening in financial markets. The Coronavirus has completely turned the global economy on its head. It will create the most profound changes to the way we live and our future prospects \u2013 we are all beginning to realise that. There is not going to be a V-Shaped recovery. Many lives will be shattered and ruined in its wake.<\/p>\n\n\n\n

Yes, what I saw yesterday confirms two terrible truth we\u2019ve long denied: <\/p>\n\n\n\n

1) The system was already rotten to its very core before Coronavirus triggered the coming depression. This was coming and is overdue. <\/p>\n\n\n\n

2) Those responsible for that rotten core will likely walk away richer, while the poor working men and women that struggle, scrimp and suffer spending their lives working for them will inevitably get poorer. <\/p>\n\n\n\n

What has made me so angry?<\/p>\n\n\n\n

Boeing. <\/p>\n\n\n\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

Blain’s Morning Porridge (1) May Day 2020: Boeing – Marx Wins \u201cI fly because it releases my mind from the tyranny of petty things.\u201d There are going to be two porridge this morning\u2026 This is the ANGRY one.  Later I am going to post something on Sovereign Debt.. I thought I ought to separate them.. you […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[15674,1849,22663,855],"class_list":["post-52923","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bill-blain","tag-financial-markets","tag-morning-porridge","tag-viral-pandemic"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52923"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52923\/revisions"}],"predecessor-version":[{"id":52924,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52923\/revisions\/52924"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}