Wlliam of OcKam was right

“Simple answers are the best answers.”

The oversophistication and ridiculous mathematisation of economics serves the purposes of rent-grabbers only – at great cost to all others.

The economy has fundamental distributional principles, but these have been masked in a welter of nonsense, such as that the returns to man made capital are no different from the returns to natural resources. Mainstream media supports the complexity because “the experts must know”.

The purpose of neoclassical economics, and more recently neoliberal economics, was to render it invisible that the nation’s net product is owed equally to all citizens although it is being expropriated by rent-seeking leeches.

It’s about time we woke up to this. We’re being dudded.