The continuing economic crisis has revealed both the inadequacies and the limits of the process of neoliberal European integration. It is an integration centered on financial liberalization and a monetary union, which is itself enveloped by a mere replica of the German Bundesbank under the title European Central Bank. It is a recession-bias process that […]
Posts Tagged ‘Neoliberalism’
The roll call of shame and disgrace about the record of the private banks, privatised utilities and outsourcing companies has now reached such a pitch that surely Labour must now challenge the whole culture of ‘the market knows best’ and in the extreme form of the neoliberal ideology that ‘government should get out of the […]
As the Party Conference season draws to a close, the disconnect between the politics of the Westminster bubble and the rest of us couldn’t be more obvious. Besuited figures, mostly men, addressing other besuited figures, mostly men, given huge chunks of airtime. All while party membership figures plummet and the great unsayable for the political […]
The latest installment of the hugely ambitious After Neoliberalism Manifesto from the politics and culture journal Soundings has just been published. Geographer Doreen Massey is the author. In her contribution she makes a key argument that has an increasing currency on the Outside Left, that to construct a radical politics a vital starting point is […]
Whilst the City of London, the Stock Exchange and super-rich investors strive continually to assure us that growth is returning and that we can all soon return to business-as-usual as though the biggest financial crash for a century was just an unfortuante blip rather than integral to the core system, they never ask the really […]
Britain has been de-industrialised over the last 30 years, but beyond a decimated manufacturing capacity there are also services essential for an efficient productive economy. These include transport, energy and communications as well as education, health and housing. All of these have been, or are being, privatised and the results have been devastating.
The wild euphoria attending the appointment of Mark Carney as the new Governor of the Bank of England will soon be put to the test. In principle his ‘big idea’ of targeting nominal gross domestic product (i.e. real growth on top of inflation rather than inflation alone) is good insofar as it gets away from the inflation […]
Recent capitalist history has thrown up sharper economic declines and higher levels of unemployment than the ones we are currently witnessing in Greece and Spain. It’s just that they haven’t occurred in nice Mediterranean countries that Britons visit for beach holidays and long weekends.
As the world economy fails to recover, and instead threatens to implode we are now witness to political and social developments in Europe that are deeply alarming, even if inevitable. It is important that we understand and prepare for the implications of recent events. The good news is that both politicians and official policymakers at […]
I am not entitled to vote in either Greece or Italy; even if I were, I would not support either George Papandreou or Silvio Berlusconi, anyway. In the normal run of events, I would greet their departure from office with Zen-like equanimity. But what we have seen in the last week or so is not the […]