Prem Sikka
premnsikka.bsky.social
Prem Sikka
@premnsikka.bsky.social

Emeritus Professor of Accounting. Member, UK House of Lords.
If with all your effort and might you do not reach the mountain top that is not failure; failure is that you did not even try.

Prem Nath Sikka, Baron Sikka is a British-Indian accountant and academic. He holds the position of Professor of Accounting at the University of Sheffield, and is Emeritus Professor of Accounting at the University of Essex. .. more

Business 56%
Economics 31%

Reposted by Prem Sikka

Reposted by Prem Sikka

Please see the links embedded in the article.

Are the problems due to individuals or are they systematic?

Major powers always use force to grab assets of other countries.

US has initiated 201 out of 248 armed conflicts since the end of WWII.

Vast swathes of the world destabilised to lubricate the US economy and boost corporate profits.

Resentment grows. There has to be a better way.
Donald Trump’s imperialism is the latest tool to advance the hegemony of US capital
Trump's policies are not isolationism. They're seeking to thwart the emergence of a multipolar world.
leftfootforward.org

Funding NHS facilities with private finance a breach of manifesto, Labour MPs say.

Govt paid £6 for £1 PFI investment. Private equity profiteering from NHS contracts. Public money buys less.

Govt reviving PFI, handing NHS to private equity. Govt can borrow, create money, do QE, tax the rich.
Funding NHS facilities with private finance a breach of manifesto, Labour MPs say
The government is considering using taxpayer money and private finance to build new health centres.
www.bbc.co.uk

Appeasement

Europe goes all out to make a deal with Trump on Greenland as He threatens military action.

Trump came to office promising 'no more wars' and demanded Nobel Prize for Peace. Now threats every day.

What next after US controls Greenland?
Europe goes all out to make a deal with Trump on Greenland
EU governments say a military confrontation would be catastrophic for NATO — and see finding a negotiated solution their only option.
www.politico.eu

UK govt rolls back key part of digital ID plans.

People will be able to use other forms of identification to prove their right to work.

Sensible but what why was the poor policy floated in the first place, and defended?

How many U-Turns so far?
UK government rolls back key part of digital ID plans
Workers will be able to use other identification for right to work, meaning digital form not mandatory
www.theguardian.com

Reposted by Prem Sikka

Quarter of developing countries poorer than in 2019, World Bank finds.

How much tax do major corporation dodge in poorer countries and prevent their development?

Country-by-Country-Reporting would give some visibility by Tory govt repealed the UK law.
Quarter of developing countries poorer than in 2019, World Bank finds
Global growth ‘downshifted’ since Covid pandemic and sub-Saharan Africa particularly affected, report says
www.theguardian.com

No. Please have a look at the article.

Donald Trump’s imperialism is the latest tool to advance the hegemony of US capital.

Corporations funded Trump and his entourage and their return is mineral and asset grabs, overriding international laws, shelter from competition and making excess profits.

Instability is inevitable.
Donald Trump’s imperialism is the latest tool to advance the hegemony of US capital
Trump's policies are not isolationism. They're seeking to thwart the emergence of a multipolar world.
leftfootforward.org

Reposted by Prem Sikka

Government ‘must stop U-turning’, says Wes Streeting.

Streeting funded by private healthcare companies wants to be the next UK PM, handing the NHS to private equity. No curbs on profiteering.

U-Turns inevitable as policies poorly thought through.
We can’t keep getting it wrong first time, Streeting admits after series of U-turns
Health secretary says the government’s ‘new year’s resolution’ should be to ‘get it right first time’
www.independent.co.uk

Former chancellor Nadhim Zahawi defects to Reform after begging Tories for peerage.

Backed Liz Truss and involved in numerous scandals - claimed cost of heating stables on private estate as MP expense, later repaid; tax shenanigans, breaches of ministerial codes,

Must feel at home with Reform.
Ex-chancellor Nadhim Zahawi defects to Reform ‘after begging Tories for peerage’
Former MP and minister sacked as Tory Party chair in 2023 after he breached ministerial code over his tax affairs
www.independent.co.uk

Reposted by Prem Sikka

Reposted by Prem Sikka

Reposted by Prem Sikka

Greenland says it cannot accept US takeover ‘under any circumstances’.

Trump must be resisted at the outset, it it is as as slippery as slope for everyone.

Trump wants mineral wealth to boost profits of US corporations who fund the political system.
Greenland says it cannot accept US takeover ‘under any circumstances’
Self-governing island stresses it is member of Nato, which is looking at improving Arctic defences, through Denmark
www.theguardian.com

Reposted by Prem Sikka

30,000 homes left without water in Kent and Sussex.

South East Water company blamed bad weather and storms as though we never had that.

Real reason is lack of investment, unjustified dividends and exec pay.

Nothing will change until privatisation is ended, people empowered to vote on exec pay.
Major incident declared as 30,000 homes left without water in Kent and Sussex
South East Water blames cold weather and Storm Goretti for problems, with schools and libraries closed for day
www.theguardian.com

Please resist financialisation of veterinary services.