Posts under ‘Macroeconomics’

The detritus of neoliberal capitalism

by Michael Meacher.

The HSBC Swiss bank is not an isolated episode. It is part of a general pattern exposing the underlying ideology which has been globally dominant over the last three decades. That ideology has been about consolidating the power and wealth of the world’s richest class, particularly in the West. It is based around the idea […]

Euroland’s Utopian foundations shaken by its central bank shirking its duties

by Ann Pettifor.

The late-night decision on 4 February by the European Central Bank to reject Greek bank collateral for monetary policy operations will, I confidently predict, precipitate not just a run on Greek banks; not just greater price instability across the Eurozone – but ultimately, the collapse of the fantastic machinery that is the ‘self-regulating’ economy of the Eurozone. […]

In the UK as in Greece do you stay with failed policies or change course?

by Michael Meacher.

Almost everyone, and that includes the IMF and the ECB, now admit that austerity has gone far too far and is now holding back growth. The only exception are the Germans, but even they are now losing ground. They were forced to concede the eurozone bailouts which they never agreed with, they were compelled to […]

Tsipras versus Cameron: people versus bankers

by Michael Burke.

David Cameron became the first elected politician in Europe to criticise the election of the Syriza government in Greece and was quickly followed by George Osborne. This might seem odd as Britain is outside the Eurozone and has limited direct influence over its policies. But the urgent and unrestrained nature of the criticism is very revealing about what is at […]

Democracy versus capitalism – how Greece should survive

by Michael Meacher.

It is difficult for us to comprehend what the Greek people have been subjected to. After the 2008 crash UK unemployment rose to 8%; in Greece it is still 26% with youth unemployment at over 50%. UK GDP fell by 9%; Greek GDP collapsed by 25%. What is remarkable is not the momentous Syriza victory […]

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 […]

Labour would do better being anti-austerity, anti-war and anti-corporate says poll

by Jon Lansman.

According to new polling evidence from YouGov, not just Labour voters but also the party’s swing voters prefer “a leftist Labour Party than a Blairite one” as Stephan Shakespeare, YouGov’s CEO puts it, adding: “People are not as attracted to the mushy centre as they were five years ago“. The poll shows big majorities for an agenda […]

Why doesn’t Labour take on the Tories over the economy?

by Michael Meacher.

It is bizarre that Osborne continues to preen himself that the economy is such a strong card for the Tories at the election when in fact every aspect of the UK’s economic performance is looking bad and getting worse. Yesterday it was reported that the growth rate in the final quarter of 2014 was down […]

Syriza’s shows Labour how to prevent vote haemorrhage to Greens, SNP & UKIP

by Michael Meacher.

It would be idle to pretend that Britain’s economic problems resemble those of Greece when the latter has suffered a 25% reduction in its national income and where three out of every five young adults are now out of work. But there is one parallel between them which is shared by both countries, as well […]

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 […]

© 2015 Left Futures | Powered by WordPress | theme originated from PrimePress by Ravi Varma