The crisis of all the western industrialised economies is one brought about by the refusal of firms to invest, an investment strike. Socialist Economic Bulletin have previously shown that for the Western economies as a whole the investment strike is leading to two simultaneous trends. While the portion of profits that remains uninvested is growing, payouts to shareholders are reaching record levels and there is a growing cash mountain held by firms.

This article in The Guardian by the present author highlights that process in Britain.  Continue reading →