After two days of trouble and strife in global stock markets, the Federal Reserve’s New York President William Dudley said in remarks to reporters that a September interest rate hike seemed “less compelling” now than in recent weeks. These two words alone calmed global financial markets, and pushed up the price of oil. So everything’s […]
Posts Tagged ‘Globalisation’
Ending ‘life support’ for western economic model underlies China crisis
Sep 2nd, 2015 by Ann Pettifor.
Labour’s panicky establishment referencing the wrong period in history
Aug 24th, 2015 by Ann Pettifor.“This young country will be proud of its identity and its place in the world, not living in its history, but grasping the opportunities of its future.” Tony Blair: Leader’s speech, Brighton, 1995. Tony Blair and those associated with Blairism embraced globalisation and studiously ignored Labour Party history – except to denounce and disown “Old Labour”. […]
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Global economic crisis: has Labour dodged a bullet?
May 18th, 2015 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 […]
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Workers of the world unite against the new generation of trade deals
Nov 18th, 2014 by Adrian Weir.David Cameron’s ringing endorsement at the G20 of the proposed EU-US trade deal, the Transatlantic Trade and Investment Partnership (TTIP), was perhaps predictable but also has opened up the topic of TTIP and its like to greater public awareness. Until Brisbane discussion of this new generation of multi-lateral trade agreements was very much a topic […]
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Mr Carney, you cannot fly to “Planet Croesus”
Nov 19th, 2013 by Ann Pettifor.On the 24th October, 2013 Mark Carney, the new governor of the Bank of England, made a plea for the UK to reclaim its place “at the heart of a renewed globalisation. Such engagement would be timely” he said, “because globalisation itself is under siege.” Mr Carney called for nothing less than that regulation of […]
