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As the rich enjoy housing bubble, the poor see no recovery


Firms aren’t investing because they don’t expect a big enough profit to make it worthwhile. So they’re relying on lower wages and a property boom instead, writes Alex Callinicos.

EU row over Juncker has nothing to do with democracy


The whole row over Jean-Claude Juncker is symbolic politics, writes Alex Callinicos

FT's attack on Piketty is not about numbers


The fact that Thomas Piketty has been able to brush off Chris Giles’s demolition job in the FT so easily is a sign that, thanks to the crisis, a lot of people also believe that rising inequality doesn’t arise from bad policies but from the structural logic of capitalism as a system, argues Alex Callinicos

Years of bitter financial crisis fuels Euro poll shocks


The recent elections are the second to take place under the long shadow of the financial crisis, writes Alex Callinicos

Far right feeds from eurozone depression


Alex Callinicos considers how the recovery of the eurozone is not quite the success our complacent rulers believe

Claims of economic recovery and China's growth don't live up to hype


Much recent economic news around the world is best described as smoke and mirrors. It’s true that there is some real evidence that advanced economies are starting to recover from the Great Recession of 2008-09. 

Capitalist logic has skewered the Co-op


As the Co-op staggers from disaster to disaster the conflict arises from its very nature, writes Alex Callinicos

The elite's arrogance strengthens Ukip's Nigel Farage


Ukip is polling 28 percent for next month’s European elections—only two points behind Labour—according to the latest YouGov survey. This five point rise is a big boost for Nigel Farage’s party. All the main parties have slipped back, with the Tories at 22 percent and the Lib Dems at 9 percent.

The West hesitated over Ukraine due to links with Russia


Apocalypse seems to have been postponed in Ukraine. In his press conference on Tuesday of last week Vladimir Putin seemed to rule out extending Russia’s occupation of Crimea to eastern Ukraine.

Putin raises the stakes in imperialist Crimea crisis


Russia’s seizure of military control over Crimea has brought Ukraine to the brink of war.  This crisis represents the coming together of three distinct conflicts.

Ukraine is tangled in an imperial game


What kind of geopolitical game is going on in Ukraine? All kinds of rumours are circulating.

Scotland polls have warmonger worried


David Cameron’s hamfisted intervention in the debate on Scottish independence confirms that the British ruling class is getting worried about the outcome of September’s referendum.

An olympic struggle between oligarchs of West and East


The Winter Olympics in Sochi start this week amid a welter of controversies. Radical lawyer Bill Bowring summed them up—corruption and cronyism surrounding the construction of Olympic facilities, the war between Moscow and Central Asian jihadis, Russia’s anti-LGBT law, and so on.

Recovery runs into a new currency crash


The corporate rich, along with their celebrity hangers-on and intellectual apologists, had their annual bash at Davos in Switzerland last week. They should have been starting to feel happier.

The establishment in a breakdown of trust


The frenzy with which the coalition attacks migrants and “welfare cheats” may reflect the fact that it can no longer fall back on unquestioning public trust in the pillars of the state writes Alex Callinicos

Dodgy labels like 'Mints' can't disguise inequality


Alex Callinicos looks at former Goldman Sachs economist Jim O’Neill's latest neoliberal musings

Tory recovery is another debt boom


George Osborne's Autumn Statement on Thursday of this week is no doubt set to continue the tactical adjustments that a coalition that is fundamentally on the defensive has been pursuing.

Iran deal could let US focus on China


It’s an open question whether or not the deal struck last weekend in Geneva between Iran and the United States, alongside five other “world powers”, will stick, writes Alex Callinicos

Will China abandon its state capitalism?


The paralysis in Washington is turning more eyes towards Beijing. Often this reflects quite exaggerated expectations about China’s emergence as a new superpower on the verge of displacing the United States. 

The Bank of England is feeding a monster


Mark Carney, the new governor of the Bank of England, has learned nothing from the financial crisis, says Alex Callinicos

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