This post contains the speech that Alistair Darling should have given. Think how his popularity would have risen if he had told the simple, plain, unadorned truth?

As neat an explanation of the Law of Unintended Consequences as you are likely to see. Further discussion and what it means for policy decisions here.

For example, taxes don't stay where they're put. 

Was that huge Soc Gen loss really caused simply by a rogue trader? 

Why Bill Gates' speech at Davos wasn't just simplistic, but wrong. Wrong in analysis and wrong in suggestions for policy. 

So why is the US Government trying to offer everyone a payday loan?

And finally, why the Morning Star headlines get reviewed on the telly and  which would you prefer with your New Statesman subscription? The Chavez t-shirt or the Fidel book?