Socialist Worker

Economics


Home Truths: Housing and how the stinking rich drive us out of the city

25 March 2014
Geographer Danny Dorling spoke to Dave Sewell about his new book All That is Solid: The Great Housing Disaster, and how government housing policy is creating problems, not solving them. Dorling argues for the return of council housing and the abolition of the bedroom tax

Tory recovery hopes sink in the flood fury

18 February 2014
The storms that have battered Britain this winter have exposed the government’s complacency in the face of climate change.

Recovery runs into a new currency crash

28 January 2014
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.

Dodgy labels like 'Mints' can't disguise inequality

14 January 2014
Alex Callinicos looks at former Goldman Sachs economist Jim O’Neill's latest neoliberal musings

Tory recovery is another debt boom

03 December 2013
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.

Will China abandon its state capitalism?

12 November 2013
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. 

What George Osborne's visit to China tells us about Britain's economy

22 October 2013
The British business delegation to China headed by George Osborne and Boris Johnson was more interesting than these things usually are. Chinese people still have bitter memories of imperial arrogance during the colonial era. So, if they noticed the visit at all, they must have been amused by Britain hustling for Chinese custom.

Capitalism is still a badly wounded beast

15 October 2013
While expressing greater optimism about British prospects, the IMF cut its forecasts for global economic growth this year and next. This isn’t primarily because of the uncertainty caused by the standoff between Barack Obama and the Republicans in Congress in the United States, writes Alex Callinicos

US budget crisis can lead to a new slump

08 October 2013
Once again the United States is shutting down government services because of a confrontation between president Barack Obama and the Republicans in Congress.

Recovery plan ties Labour to more cuts

24 September 2013
The party conference season often means political themes come in waves. The political consensus previously foresaw a bleak election, dominated by the need for £40 billion of post-election cuts or tax rises to correct Britain’s deficit.

A class divided by money and power

10 September 2013
THE G20 summit has been dominated by the divisions among the Great Powers over Syria. The line-up has been predictable. A joint statement signed by the US, Britain, France, Australia, Canada, Italy, Japan, South Korea, Saudi Arabia, Spain and Turkey called for “a strong international response” to Bashar al-Assad’s alleged use of chemical weapons.

Britain's 'boom' is small, shaky and built on sand

13 August 2013
Simon Basketter finds the claims of economic recovery an unconvincing mix of exaggerated figures, mounting debt and another property bubble brewing

Economic crisis - there's no recovery for workers

06 August 2013
"UK economy bounces back” trumpeted the Financial Times’ front page on Tuesday of this week. 

Coalition keeps us in a cycle of crises

30 July 2013
Sometimes the witlessness of the Guardian surpasses all understanding. Last Saturday it carried an article explaining why, after the Office for National Statistics announced that Britain’s economy grew by 0.6 percent in the second quarter of 2013, “The future looks bright for Osborne”.

Will Detroit disaster lead to new revolts?

23 July 2013
Detroit, I Do Mind Dying, by Dan Georgakas and Marvin Surkin, paints a marvellous portrait of a great industrial city pulsating with working class revolt.

Tokyo tumble shows crisis far from over

28 May 2013
The financial markets have been behaving recently as if the 2008 crash was merely an unhappy memory, of no relevance to the present. 

Does debt drain the economy?

21 May 2013
The government has spectacularly failed in its mission to reduce the deficit. Dave Sewell shows that even if it achieved its aim it would do nothing for ordinary people

If I use an umbrella, will it lead to rain?

23 April 2013
One of the many puzzles about the economic crisis is that people still listen to economists after they failed to anticipate the financial crash of 2007-08, writes Alex Callinicos.

Pumping in money won’t restart growth

09 April 2013
A big talking point in Washington at the minute is a new book by David Stockman, who was Ronald Reagan’s budget director from 1981-85. Disillusioned by his failure to stop Reagan cutting taxes and boosting military spending, he became a right wing libertarian.

Michael Roberts interview: How far can the US economy fall?

12 January 2013
Who will benefit from the new US budget deal?

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