Posts Tagged ‘Alternative Economic Strategy’

The UK “recovery” cannot be sustained. Osborne has failed to rebalance the economy and boost productivity

by Grahame Morris.

An Opposition Debate on Trade, Exports, Innovation and Productivity highlighted the fragile nature of our economic recovery. The fundamentals for a strong economy have been overlooked by a Government more interested in short term headlines than our long term economic interests. The Government’s promise to “rebalance” the economy has not materialised with the UK now having […]

What level of investment should Corbyn & McDonnell aim for?

by Michael Burke.

The policies outlined by Jeremy Corbyn and John McDonnell have the capacity to transform the economic debate in Britain. More importantly, if the ideas outlined for an investment-led recovery are implemented then they could alter the trajectory of the British economy, from stagnation and rising inequality towards sustainable growth and a general rise in living […]

Demand doesn’t create its own supply – a national investment bank is needed

by Michael Burke.

The second [pillar of my leadership] is a new economy that puts public investment front and centre stage: in science, technology and the green industries of the future. Instead of Osborne’s economic house built on sand, our focus will be on the reindustrialisation of Britain for the digital age, driven by a national investment bank […]

Extreme? Back to the 80s? How Corbynomics compares with the SDP manifesto

by James Meadway.

Jeremy Corbyn’s economic programme may be seen as radical by many today, but economist James Meadway finds it has a surprising amount in common with the 1983 SDP manifesto There’s been a lot of excitable chatter about Jeremy Corbyn’s economic policies. Newspaper pundits and Labour Party grandees have queued up to denounce his plans as a return […]

Deliberately engineered ignorance on the economy undermines Britain’s democracy

by Bryan Gould.

As with most elections, the Clinton dictum that “it’s the economy, stupid,” has held good in the general election of 2015 – with special emphasis this time on “stupid”. The debate about who has done or will do best in managing the economy has been even more confused and irrational than usual this time. It […]

There are 3 ways to cut the deficit – why has Labour chosen the wrong one?

by Michael Meacher.

The budget deficit, which has been far more central to this election campaign than it should have been, can be dealt with in three separate ways. It can be reduced by cutting net expenditure either by taxing the poor or by taxing the rich, or it can be reduced by cutting unemployment (the ‘automatic stabilisers’ […]

A slow-burning revolution is starting to overturn neo-classical economic orthodoxy

by Bryan Gould.

As the world struggles to deal with threatening outbreaks of violence – most dangerously, in the Middle East and the Ukraine – another less dramatic and slower-burning revolution is getting under way. This revolution does not threaten violence – but it does promise change, and almost certainly change for the better. The revolution that is […]

Market socialism: oxymoron or just plain moronic?

by Phil Burton-Cartledge.

These days the ‘99%‘ and ‘Another World is Possible‘ are slogans fluttering atop many a radical social movement. Yet on those occasions activists’ deliberations turn to what a post-capitalist future might look like, there will be a lot of talk about participatory democracy, community networks, the decentralisation of power and so on. The state might […]

Pain, no gain: the Austerity scam

by Jon Lansman.

To coincide with the Autumn Statement, PRIME Economics has published an excellent short pamphlet  Pain, No Gain: the Austerity Scam by John Weeks (Emeritus Professor of Economics, SOAS, University of London) which explains just why the deficit is not a problem – indeed is a necessary part of the solution – for the UK economy. In examining the […]

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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