08 December 2009
The real cost of bailing out Britain’s banks was revealed this week – a whopping £850 billion.
08 December 2009
The war of words between Labour and the Tories over who can slash more of public services stepped up this week.
10 November 2009
The news that Britain has not escaped recession brought a deep sense of gloom to big business. It also exposed deep rifts within the ruling class over what to do next.
13 October 2009
Those at the top keep telling us that "we’re all in it together".
22 September 2009
Socialist Worker offers a guide to painlessly raising huge amounts of money and cutting costs.
15 September 2009
‘Voters back Tories to cut public spending", screamed the Sunday Times this week. A YouGov poll shows that people want public spending cuts rather than tax increases, Rupert Murdoch’s paper claimed.
01 September 2009
Lord Adair Turner, chair of the banking regulator the Financial Services Authority (FSA), shocked the establishment last week by backing the idea of a "Tobin tax".
01 September 2009
When Lehman Brothers, the fourth biggest bank in the world, went under on 15 September 2008, the economic storm became a tsunami. Such was the scale of the crisis that some political commentators described capitalism itself as being on the verge of collapse.
18 August 2009
Recent figures showing Japan, Hong Kong, France and Germany creeping out of the recession have been hailed in some quarters as heralding the end of the global economic crisis.
21 July 2009
Can you believe the banks? While the world economic crisis has deep underlying causes, it was precipitated by the collapse of the credit bubble that had been inflated by major banks in a frenzy of borrowing and lending.
14 July 2009
A meeting that may be a sign of things to come took place in London a few weeks ago. Two former Liberal government bureaucrats from Canada – Jocelyne Bourgon and Marcel Massé – met with leading British Tories and senior civil servants.
30 June 2009
Despite predictions of recovery, it was revealed this week that the British economy has suffered its biggest fall in more than half a century.
09 June 2009
The bosses’ desired solution to the recession is to make workers pay for it. The political class agrees, but is unsure how far and how quickly it can try to make this happen.
19 May 2009
What has the government’s largesse in splashing out £1.4 trillion to bail out and guarantee the banks actually achieved?
12 May 2009
For the vast majority of people the idea that we need a new Margaret Thatcher is insane. After all, in the early 1980s she presided over the destruction of swathes of manufacturing industry. The scars still hurt in former coal, steel and other industrial towns and villages.
05 May 2009
The idea that the green shoots of economic recovery are sprouting everywhere has become entrenched among a layer of economic pundits. They cite the fact that the stock markets have been rising quite strongly.
28 April 2009
Chancellor Alistair Darling declared war on ordinary people and public services with his budget last week.
14 April 2009
Is the worst of the economic crisis over? BBC Radio 4’s Today programme has been babbling about this for the past week or so, and Barack Obama has now joined them.
07 April 2009
Karl Marx’s writings were among the earliest to analyse what is now called the "business cycle" – the short-term tendency towards boom and bust built into capitalism.
24 March 2009
The US government this week agreed to hand over another $1 trillion to the banks as part of an effort to "unblock" the financial system.