05 February 2019
The 2007-8 financial crash continues to overshadow the world economy. The big economic news last week was the decision of the US central bank, the Federal Reserve Board (Fed), not to increase interest rates.
18 September 2018
Ten years after the collapse of Lehman Brothers, it’s a matter of controversy whether the global economic crisis it helped to precipitate is over.
08 September 2018
When US banking giant Lehman Brothers collapsed a decade ago, it marked the beginning of a gigantic crash that bosses still want us to pay for today.
27 August 2018
Sarah Bates argues that Tory boasting about reducing the deficit does not tell the real human cost behind austerity
20 August 2018
Greece exited its final bailout agreement on Monday—the mechanism through which the European Union (EU) and the bankers have forced austerity on ordinary Greeks.
09 February 2018
Last week's fall in financial markets shows up the volatility of the system and Tomáš Tengely-Evans looks at how investors will treat anything as a commodity to be gambled
06 February 2018
Fear gripped the ruling class as US stock markets haemorrhaged £1 trillion overnight on Monday.
20 January 2018
It’s a long way from the partly built 40-mile £750 million Aberdeen bypass, work on which has been routinely delayed, to the £4 billion luxury development in Doha, Qatar.
29 September 2017
It’s not a paranoid fantasy to argue that parts of the establishment want to derail the left wing Labour leadership’s plans.
08 August 2017
Some newspapers last week reported that Britain’s top bosses have suffered a 17 percent pay cut. The real news is that the gap between bosses’ and workers’ wages is growing.
06 June 2017
The Tories grow endless cash for the bankers, bosses and their super wealthy friends
11 April 2017
Top bankers lied about their lending rates before the 2008 crash—and the plot went right up to the Bank of England.
17 January 2017
Barack Obama departs the US presidency amid a cloud of praise and nostalgia.
07 January 2017
For all their whining about Brexit, the rich have got richer, says Tomáš Tengely-Evans
04 October 2016
Deutsche Bank has symbolised German capitalism ever since its foundation in 1870, on the eve of Germany’s unification.
07 September 2016
The G20 summit this week is a good test of the mood among the ruling classes of the world. It brings together leaders and central bankers from 20 major economies that collectively account for 85 percent of global production and 80 percent of world trade.
28 June 2016
The global rich claim that last week’s vote to leave the European Union (EU) will cause economic catastrophe.
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
12 April 2016
There is an exclusive luxury ocean liner with tens of thousands of cabins. The “Panama papers” leak provides a porthole into just one of those cabins.
18 March 2016
Cuts to taxes on corporate profits are being paid for by taking money from ordinary people