Wednesday 21 February 2024

Missile Test

It is not an anomaly if it happens every time, or even twice out of three. The last Trident missile test was in 2016, and that failed in much the same way. When was there last a successful one? Who is deterred by this? Why don't we spend the money on defence instead?

The issuing of currency is an act of the State, which is literally the creator of all money. A sovereign state with its own free floating, fiat currency has as much of that currency as it chooses to issue to itself. All wars are fought on this understanding, but the principle applies universally. The State also has the fiscal and monetary means to control inflation, means that therefore need to be under democratic political control in both cases.

Trident costs around £300 billion. Give an extra £100 billion to each of the Royal Navy, the British Army, and the Royal Air Force. That would buy a great deal of political capital, and it would do much to still the hostilities that broke out periodically among the Services, including in the pages of The Times and the Daily Telegraph.

This would be within a context in which military force itself would be used only ever in self-defence, while BAE Systems had been renationalised as the monopoly supplier to our own Armed Forces, with a ban on all sale of arms abroad, and with a comprehensive programme of diversification in order to preserve the skills that were currently employed in the arms industry.

When I tell you that there is going to be a hung Parliament, then you can take that to the bank. I spent the 2005 Parliament saying that it was psephologically impossible for the Heir to Blair's Conservative Party to win an overall majority. I predicted a hung Parliament on the day that the 2017 General Election was called, and I stuck to that, entirely alone, all the way up to the publication of the exit poll eight long weeks later. And on the day that Rishi Sunak became Prime Minister, I predicted that a General Election between him and Keir Starmer would result in a hung Parliament.

To strengthen families and communities by securing economic equality and international peace through the democratic political control of the means to those ends, including national and parliamentary sovereignty, we need to hold the balance of power. Owing nothing to either main party, we must be open to the better offer. There does, however, need to be a better offer. Not a lesser evil, which in any case the Labour Party is not.


  1. “military force itself would be used only ever in self-defence,”

    It should also be used in pursuit of strategic interests.

  2. No it isn't-we also rely on vital goods and materials from around the world so that, for example, defending freedom of navigation in key waterways is a strategic interest.

    1. Armed neutrality hasn't made Switzerland poor. It didn't make Sweden poor until recent hysteria, which now seems much longer ago, caused it to wobble. There was also a bit of wobbling by the Swiss. It hardly seems real now. In any case, if you are talking about Yemen, then you are disgusting.