Posts under ‘Macroeconomics’

Osbornomics goes toxic

by Michael Meacher.

Osborne’s Mansion House speech last night reverts to the old-fashioned economics of the governor of the bank of England in the 1920-30s, Montague Collet Norman, which led to the General Strike of 1926 and the Wall Street crash of 1929, followed by the desperate misery and hand-to-mouth subsistence of the 1930s which was so etched […]

Outside the Westminster bubble, people are mobilising against austerity

by Steve Turner.

Within 72 hours of the Tories forming a majority in Parliament it became crystal clear they were salivating at the opportunity to further impose their political austerity agenda for another five years. Attacks on freedom of speech, protest, the Human Rights Act and the right to strike came swiftly. Threshold limits on industrial action ballots […]

Austerity has failed Greece and its people – just as it is failing people here

by Jon Trickett.

In our country austerity is imposed by an elected government. In Greece, however, a government was elected to try a different way out of the crisis. But the will of the people is being thwarted by a troika of largely unelected institutions: the IMF, The European Council and the European Bank.Austerity is endangering the social […]

4000 UK Uncut members in mass civil disobedience tomorrow in central London

by Newsdesk.

UK Uncut is planning a spectacular act of mass disobedience opposing austerity in central London tomorrow, with over 4,000 people expected to attend. Precise details of the action are being kept under wraps, but the group has promised bold, exciting and creative direct action at a prominent location. Protests are also being held in a […]

Did New Labour spend too much?

by Michael Burke.

It is not sufficient for big business to have secured an election victory and an overall Parliamentary majority for the Tory Party. It is also necessary to intervene in the Labour Party to ensure that its leadership also conforms to big business interests too. This currently takes the form of candidates in the leadership contest […]

Abandon austerity: we have nothing to lose but our fears

by Bryan Gould.

The aftermath of election defeat for Labour has been marked by the familiar combination of soul-searching and mutual recrimination. The remnants of New Labour bemoan the supposed failure to address the concerns of middle-of-the-road voters, and point to the lessons they believe should be drawn from Tony Blair’s three successive election victories. Those who would […]

Global economic crisis: has Labour dodged a bullet?

by Ann Pettifor.

While Labour and LibDem activists mourn, and political opportunists seize the moment, is the loss of the election such a bad thing? Might this be a good time to lose an election? I think so. The reasons can be found in both domestic and global financial imbalances, in the advance of de-globalisation trends that are […]

The Tories won a tactical victory – not an endorsement of austerity

by Mike Hedges.

The general election result was not an endorsement of austerity but was a stunning Tory tactical success. The Tories adopted a policy of defending key marginal seats against Labour and UKIP and attacking in Liberal Democrat seats. The strategy worked and lead to a Tory majority government for the first time since 1992. This was […]

Voting Labour is a necessary act in helping our movement get its act together

by Phil Burton-Cartledge.

Of course I’m voting Labour. I am an active party member of five years standing. I’ve spent the bulk of my activism this year working in marginal seats (mainly Stafford). And there’s the small matter of 261 posts on this here blog that have obsessed over the party’s twists and turns since back before I […]

The Labour dogs that didn’t bark in the night

by Michael Meacher.

This has been an odd election in several respects, not least in the degree to which policy has been largely usurped by extraneous factors – initially vilification of Miliband (which the Tories mishandled and were forced to drop), then demonisation of the Scots as though they were some foreign menace (despite pleading with them on […]

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