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 ‘Capitalism’
Tackling inequality means challenging fundamentals of capitalist system
Jan 24th, 2014 by Michael Meacher.The ‘cost of living crisis’, powerful though the idea is, is a campaigning theme, not a policy. A Living Wage at the base of the income pyramid and a tax on bankers’ bonuses (as well as the EU bonus cap) would certainly help to mitigate some of the extremes, but by themselves don’t even begin […]
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Capitalism and poverty: what Toby Young doesn’t tell you
Jan 6th, 2014 by David Osland.Cut a graph from a leading Washington neoconservative website, paste it onto your Telegraph blog, and tack on a few paragraphs presenting the result as irrefutable proof of the superiority of your preferred economic system. If only all of the enduring arguments of political philosophy could be sorted out as easily as that. Such was […]
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American dream or American nightmare?
Dec 30th, 2013 by Jon Lansman.Best Xmas movie ever or Communist propaganda? A thank you to 21CenturyManifesto for reminding us that It’s a Beautiful Life starring Jimmy Stewart and Lionel Barrymore, now Britain’s favourite Christmas movie according to a poll for the Radio Times, was regarded as Communist propaganda by the FBI at the time. In a reverse of the Christmas […]
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Karl Marx for Today
Mar 14th, 2013 by Carl Packman.On this very day, 130 years ago, Karl Marx died in his house in Chalk Farm Road, London. Shortly after the death of Jenny Marx, his wife, in late 1881, Marx developed a catarrh, making him very ill for at least the final 15 months of his life. What eventually came to kill the old […]
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Tony Blair worth up to £60m, with complex web of companies “to hide just how much money he makes”
Jan 14th, 2013 by Jon Lansman.The Sunday Telegraph yesterday reported that Tony Blair “will enter the rich-lists for the first time this year with a fortune of somewhere between £35 million and £60 million” and, according to accountants, he also has “a complex web of companies, designed… to hide just how much money he makes and from where his money comes.” According […]
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Barclays: dislocation of Capitalism from itself
Jul 2nd, 2012 by Carl Packman.An anonymous banker, writing in the Telegraph yesterday, told about how he and his colleagues were helping manipulate the UK’s bank borrowing rate. The surprise is to find out how openly it was discussed. The discussion was so open the behaviour seemed above board. In no sense was this a clandestine gathering. But the anonymous […]
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The far left and capitalist crisis
May 1st, 2012 by David Osler.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.
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Regeneration destroys the big society
Apr 15th, 2012 by Carl Packman.Nothing kills a town quite like a regeneration. Seldom are regeneration measures designed to benefit the community and are normally the result of backdoor discussions between big business and local authority apparatchiks. Think I’m being too harsh or conspiratorial?
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All today’s biggest problems can’t be solved within present power structure
Apr 12th, 2012 by Michael Meacher.What is really striking about the UK’s biggest problems today is that they are all insuperable unless there is a strategic change in policy which almost always requires a big shift in the power structure. The banking crisis will not go away so long as central banks, either in the Eurozone or the UK, believe […]
