Socialist Worker

Economics


Unaffordable bosses - why we need to tax the rich

Unaffordable bosses - why we need to tax the rich Whenever an argument is put for reform that could benefit millions of working class people, right wing commentators tell us it is unaffordable or idealistic.

Stop Hammond making us pay

Stop Hammond making us pay Tory chancellor Philip Hammond’s budget will look after the rich and turn the screw on workers and the poor.

Donald Trump and big business - greed collides with fear for top bosses

Donald Trump and big business - greed collides with fear for top bosses It's a cliche that markets are driven by fear and greed. The same is true of the attitude of big business in the US towards Donald Trump.

Anger at the system rattles the ruling class

Anger at the system rattles the ruling class Mark Carney warned last week that politicians had to tackle the growing “isolation and detachment” that working class people feel towards capitalism. The Bank of England governor is just the latest figure in the ruling class to feel the ground shifting beneath his feet.

Capitalism’s woes run deeper than Brexit

Capitalism’s woes run deeper than Brexit Chancellor Philip Hammond’s Autumn Statement marked another stage in the low-intensity warfare that has gripped the Tory party. They’ve been squabbling since David Cameron struck his ill-fated deal with the European Union (EU) in February.

Trading blows turn treaties into toast—why trade deals are in trouble

Trading blows turn treaties into toast—why trade deals are in trouble ONE OF the main drivers of neoliberalism has been the removal of barriers to international trade. It is now in serious trouble.

Don’t be played by the ‘gig economy’ hype

18 October 2016
A new report hails the ‘digital platforms’ that are making workers ‘independent’. But the claims are misleading, writes Alistair Farrow

We should not pay for the pound’s fall in value

11 October 2016
Currency markets reacted to Brexit with a fall in the pound, as bosses make us pay for their system’s chaos

Theresa May shifts to the right—but makes new enemies

11 October 2016
Theresa May used last week’s Tory conference in Birmingham to shift her party and her government sharply to the right.

Tories backtrack on deficit but are still out to line the bosses’ pockets

04 October 2016
Chancellor Philip Hammond confirmed a “reset” of Tory economic policy in his speech on Monday, ditching any timetable for eliminating Britain’s deficit.

Bank of England’s desperate measures won’t stop turmoil

09 August 2016
The Bank of England is fighting to avert a new recession by throwing billions of pounds at the City of London.

Crises force cracks in neoliberal agenda

31 May 2016
Is the Pope still a Catholic? This is the question provoked by a new article by three International Monetary Fund (IMF) economists

Would leaving the EU really cause a recession?

27 May 2016
Remain campaigners threaten mass job losses if Britain leaves the EU. But the bosses’ club won’t save us, says Sadie Robinson

Radical rhetoric from Labour leaders - but it has its limits

24 May 2016
Shadow chancellor John McDonnell has pledged that the next Labour government “would surpass even the 1945 Clement Attlee government for radical reform”.

Are robots taking all our jobs?

17 May 2016
As robots begin to do more of the jobs traditionally done by people, Tomáš Tengely-Evans asks if the relationship between worker and machine has fundamentally changed

Panama Papers scandal shows how capitalism works - we need to get rid of it

05 April 2016
Politicians who insist there’s no money for wages, pensions, benefits or public services had their secret hoards exposed this week.

Defy the logic of capitalism to save steel jobs

05 April 2016
The Tata steel workers threaten to be the latest case in which the brutal logic of capital destroys industries and working class communities. We’ve seen it again and again in the past 35 years—the miners under Margaret Thatcher and John Major, and the Luton and Longbridge car workers under Tony Blair and Gordon Brown.

Osborne's budget means cuts for the poor and handouts for the rich

18 March 2016
Cuts to taxes on corporate profits are being paid for by taking money from ordinary people

Osborne's budget spells out pain for ordinary people

16 March 2016
 Chancellor George Osborne has unveiled a tax giveaway for the rich, more cuts for the poor, and an admission that his economic strategy is in trouble.

What would anti-austerity economics look like?

01 March 2016
Dave Sewell looks at alternatives to the policy of cuts, and asks whether Labour’s plans go far enough

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