Posts under ‘Economy’

The world of skulduggery, smears and secret plots

by Len McCluskey.

For the last three months I have been touring the country meeting working men and women as I campaign to be re-elected as Unite’s General Secretary. I have been listening to their hopes and fears in the factories, bus garages, building sites and hospitals. They are worried about their jobs above all, about Theresa May’s […]

Britain isn’t booming – it’s in a crisis

by Tom O Leary.

The latest UK GDP data confirm that the British economy remains in a crisis. As government spokespersons never tire of telling us the opposite, and are dutifully echoed by the majority of the media, then it is important to set out the factual case on the economy and to explain where the discrepancy between rhetoric […]

Why the Right fears the four-day week

by Phil Burton-Cartledge.

I’ve got a guilty secret. I subscribe to CapX‘s mailing list and occasionally, I like some of its output. For those of you who don’t know (or don’t care) what CapX is, it’s a fancy ass blog that styles itself as the home of some of the best politics writers going. And Daniel Hannan. It also […]

The Tory budget fails to address any of Britain’s economic woes

by Matt Willgress.

You wouldn’t have known it from Theresa May’s laughs and Chancellor Philip Hammond’s boasts, but the Budget this week failed to address the key issues and underlining problems facing the British economy. This Tory complacency in terms of economic policies and planning, alongside their ideological commitment to austerity makes a toxic mix that will damage […]

Hammond’s National Insurance Nightmare

by Phil Burton-Cartledge.

George Osborne may have been the worst chancellor of modern times, but he understood one thing. Subordinating the national interest, i.e. those of British business-in-general to the narrow concerns of the Conservative Party, allowed for good press and the accumulation of political capital. It didn’t matter if these actions weakened the economy or made life worse […]

No, robots are not going to take all the jobs

by Andy Newman.

One of the underpinning arguments behind those arguing for a Basic Income Guarantee (BIG), alternatively known as the Universal Basic Income, is that automation is creating a new technological paradigm, where, as Paul Mason describes it: Information technology is preventing the normal adaptation process, whereby capitalism — as a complex system — reacts to crisis, to the exhaustion of […]

A 21st Century Energy Policy, Part 3: The Institutions to Make it Happen

by Chris MacMackin.

As discussed in Part 2, the transition to a low-carbon economy is a massive task requiring extensive government intervention. In the recent leadership campaign, Jeremy Corbyn promised to “promote the growth of over 200 ‘local energy companies’” and to “support the development of 1,000 community energy co-operatives”. Presumably by “local energy companies” he is referring […]

The Future of Work

by Phil Burton-Cartledge.

Having a wee break from blogging tonight. Here’s a piece I did last week for work on, um, the future of work. As it was for the powers that be I had to tone down and be less forthright. Still, writing for different audiences is good discipline … There has been a lot of concern […]

Masters of the Universe

by Ann Pettifor.

This week the New York Times reports that the Japanese conglomerate SoftBank will buy an American private equity firm, Fortress Investment Group, that oversees $70 billion in assets. Fortress specialises in dealing with ‘distressed assets’ – i.e. assets procured cheaply because of forced sales, bankruptcies or other misfortunes. As the NYT explains, Fortress is “an entity […]

Instead of “trickle down” economics, why not “bubble up”?

by Bryan Gould.

Thomas Piketty is a French economist who recently took the economics world by storm.  He demonstrated that, in a modern, “free-market” economy, growing inequality is inevitable, unless we do something deliberately to counteract it. Piketty shows that, over hundreds of years and in technologically advanced economies in particular, the return on capital will always rise faster […]

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