Bank bailouts Follow

What a load of bankers

Another month and another scandal with the banks — now centred on HSBC. After seven years of being told that “reforms” had been made, a “new start” acted on, “fundamental changes in the culture” made, new “super clean” managers with “openness and integrity” brought in…and we are back to the same old corrupt world of...

03 March 2015

Socialist Review Archive

Global recovery fades

The world suffered the economic equivalent of a heart attack in 2008-9, triggered by the collapse of the Wall Street bank Lehman Brothers. The current condition of the global economy isn't as acute. But a raft of bad economic data over the last couple of months point to a patient whose breathing is starting to become much more irregular.

01 September 2012

Socialist Review Archive

States and capital, the banks and the bailouts

Right wingers usually argue that the state should get out of the way of private capital - that economic problems are caused by an overbearing state or regulation. Jack Farmer argues that the state actually serves to prop up the private sector, a role confirmed by the way that capitalism has evolved in recent years

01 July 2012

Socialist Review Archive

The myth of crony capitalism

Those who suggest that we are witnessing a crisis of "crony capitalism", rather than capitalism itself, are wrong, argues Jack Farmer

01 February 2012

Socialist Review Archive

Crumbling Pillars of the British Establishment

The phone hacking scandal has rapidly spread to engulf the police, the government and sections of the media. Estelle Cooch looks at the crisis of legitimacy spreading through the British establishment.

01 September 2011

Socialist Review Archive

Follow Iceland

Voters in Iceland have for a second time rejected the opportunity to help bailout the governments of Britain and the Netherlands.

01 May 2011

Socialist Review Archive

The state of the global economy

Bankers and bosses appeared cheerful at this year's World Economic Forum in Davos. But the state of the global economy remains precarious

01 March 2011

Socialist Review Archive

Leap of faith: The ruling classes’ “solution” to the economic crisis

The media greeted the London G20 Summit as a great success and declared it to be "the day the world came together to fight recession with a plan for economic recovery and reform". Chris Harman looks at what lies behind the hype and the so called solutions put forward

01 May 2009

Socialist Review Archive

The economic crisis deepens

Joseph Choonara looks at a new phase of the economic crisis that could see whole countries go bankrupt.

01 February 2009

Socialist Review Archive

Mobilise against system

The protests that have shaken Greece are a sign of things to come. Initially over the shooting of a teenager by police in Athens, demonstrations and riots spread across the country, threatening the future of the government and crystallising the depth of bitterness and anger among working class people.

01 January 2009

Socialist Review Archive

John Maynard Keynes – the second coming

Politicians and economists across the world are dusting off their copies of the works of economist John Maynard Keynes. Suddenly the free market needs rescuing and state intervention appears to be the only solution to the crash.

01 November 2008

Socialist Review Archive

Money for the banks…

My first thought when the government bailed out Northern Rock last year was, where the hell does it find this kind of money when there's never a spare million for a new school or hospital?

01 November 2008

Socialist Review Archive

Economic crisis: State of collapse

The US government is frantically relieving banks of their "toxic assets". But even the huge amount of dollars used for the buyouts is unlikely to rescue a system which shows all the signs of further collapse

01 October 2008

Socialist Review Archive

Market madness

The ruling classes of the US and Britain are reeling in the face of the economic meltdown of their system and the real character of capitalism is exposed, writes Chris Harman

01 October 2008

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