The state takeover of Bradford & Bingley brings the curtain down on one of the key chapters of Margaret Thatcher’s supposed "revolution" of the 1980s.
According to Gordon Brown, "The stability of our system is something that we are doing everything in our power to maintain." In every crisis Labour governments have to choose between the interests of ordinary people and the interests of capitalism.
There is a problem facing the left. Across Britain there are millions of people who have marched against war, global poverty and privatisation. These people reject the central tenets of New Labour’s pro-market, pro-US agenda and would never vote for David Cameron.
Daily Telegraph readers had a shock last week when they opened their paper to find the main cartoon was of Karl Marx laughing in his grave at the woes on Wall Street.
Who is responsible for the massive blast that levelled the Marriot hotel in Islamabad? Authorities blame Islamic militants, others claim it is a plot by Pakistan’s security services.
There have been some truly astonishing reactions to the economic chaos that hit world markets this week.
Imagine that a government summons the heads of two of the biggest corporations to its treasury headquarters in order to deliver an ultimatum – either they agree to a state takeover or have one forced upon them.
When the prime minister came to power, displacing an unpopular predecessor who had been forced to resign, many thought he could turn round the fortunes of his party.
The Private Finance Initiative (PFI), which has been the main way the government has chosen to fund the building of new hospitals and schools, is wasting taxpayers’ money to line the pockets of greedy consultancy firms.
With poverty rising almost as fast as the pound is falling on the currency markets, the government has finally admitted that the economy is chaos.
In May 1984 the police rioted in South Yorkshire. In what became known as the Battle of Orgreave, thousands of police baton-charged striking miners, who were picketing the local coking plant.
At the start of the new school year, the government is intending to push its neoliberal agenda further into education. This week Lord Adonis, architect of the academy programme, declared that "failing" primary schools should become academies.
