Posts under ‘Industry’

What’s driving Germany’s hardline stance on Greece?

by Tom Gill.

By Juan Torres López* and translated from the original Spanish by Tom Gill The media and the centres of economic and political power in Europe try to make us believe that the difficulties in reaching agreement with Greece come from the demands and bad practices in this country and that it is the position of […]

How do the parties think they’ll reduce today’s deficit of £100bn to zero by 2020?

by Michael Meacher.

Osborne continues trying to taunt Labour about eliminating the deficit altogether by 2020. But he’s never set out any strategy by which he might get within even spitting distance of it. Economic growth isn’t going to do it. Under his current policies Britain now invests only 14% of its GDP, one of the lowest rates […]

Syriza’s victory: turning hope into reality

by Michael Burke and John Ross.

The Greek people have inspired every progressive force in Europe, and beyond, by electing the first anti-austerity government in Europe. Syriza has similarly inspired every progressive person with the great political skill with which it outmanoeuvred the forces in Greece and Europe who attempted to scare the Greek people into not voting for it. As […]

The dozy watchdogs who make vast profits but are immune from prosecution

by Michael Meacher.

When last year multinationals like Starbucks, Google and Amazon came under fire over tax avoidance, the focus naturally turned to the accountancy firms that enabled them to do it. In particular after it was revealed in September that Tesco had over-stated its first-half profits by £250m, the spotlight fell on PricewaterhouseCooper (PwC), Tesco’s auditor for […]

Labour can win if it’s bolder

by Peter Rowlands.

With only four months to go Labour can win, but only if two sets of conditions are fulfilled. Firstly, that there is internal discipline generating external unity, with the usual suspects forswearing any ‘advice’, at least until 7 May (Blair and Mandelson please note). This means Progress supporting the Miliband ‘ left’ line, which merely points in a […]

The scandal over City Link shows private equity at its worst

by Michael Meacher.

Jon Moulton, long-time Tory party donor till 2012 when he absconded to UKIP, owner of the private equity company Better Capital (sic!) that controls City Link, perfectly portrays how capitalists like him, when the going gets rough, abandon all sense of responsibility towards the 2,760 workers losing their jobs because of his managerial incompetence, transfer […]

What do Britain’s private sector firms contribute?

by Michael Burke.

The main factors that account for economic growth are increases in the workforce or in the amount of productive capital in the economy. A far smaller contribution is made by improvement in productivity as a result of innovation. Since mid-2009 the British economy has grown. But this is wholly accounted for by growth in the […]

Strip the private banks of the power of money creation

by Michael Meacher.

The House of Commons held a very important debate this last week on the creation of money, a process which the Big 4 banks have monopolised and thus privatised the money supply.   The abuse of this power over the last 3 decades has been enormous, and I used this debate to propose an entirely […]

How not to criticise space travel

by Phil Burton-Cartledge.

What a stupendous achievement. The landing of a space probe on comet Churyumov-Gerasimenko 300 million miles from Earth is one for the history books, up there with the first space flight, Moon landing, and interplanetary mission. Sure, the Philae lander might be sliding about the surface a tad but nonetheless this is a triumph of […]

The economy, the state and my crisis of faith

by Daniel McAteer.

Last week I had a crisis of faith in Labour. Looking at the Scottish polling, it looks as if Labour’s journey back to government may be longer and harder than we thought. Yet that is not what caused my questions to synchronise into a cacophony of doubt. My worries are for what happens if we do get […]

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