Friday, October 31, 2008

Banks get quids but there's no quo

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It is not long since Prime Minister Brown announced a £400 billion bail-out package including a £37 billion gift to the banks, but the big l...
Thursday, October 30, 2008

Beyond peak oil

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Obscene profits announced this week by two oil giants underline two important messages. One, governments can neither regulate nor influence ...
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Wednesday, October 29, 2008

Keeping people in their homes

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As repossessions soar – they are up 71% on last year – and millions of homeowners see the market value of their properties fall well below w...
Tuesday, October 28, 2008

'Walking blind into a minefield'

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The impending collapse of so-called “emerging” economies from Ukraine to Turkey illustrates dramatically the domino-effect of the global fin...
Monday, October 27, 2008

The 'Big Ear' hears everything...and nothing

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While conspiracy theorists insist against all the evidence that the third tower at the World Trade Centre was deliberately destroyed by the ...
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Friday, October 24, 2008

When limits are reached

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Alan Greenspan, former head of the US Federal Reserve, admitted yesterday that the credit crisis had exceeded anything he had imagined. Talk...
Thursday, October 23, 2008

Still 'business as usual' when it comes to climate change

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Nicholas Stern – who wrote the 2006 report on the economics of climate change for New Labour – argues that recession “is the time to build a...
Wednesday, October 22, 2008

The spectre of Marx looms large

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As Bank of England governor Mervyn King warns that UK is entering recession and the pound plunges, websites and newspapers around the world ...
Tuesday, October 21, 2008

No easy fixes

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To those who have been preaching state intervention as the solution to the credit crunch and the recession it must seem as though their time...
Monday, October 20, 2008

A Charter for Democracy

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How to defend our rights but also secure them in a lasting way was the overall theme running through our Stand Up for Your Rights festival a...
Friday, October 17, 2008

Time to cut the losses

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In the last week, stock markets the world over have been showing the classic signs of bipolar disorder, but in the most concentrated form. E...
Thursday, October 16, 2008

Too much 'civilisation'

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Nothing sums up the insanity of the capitalist system more than unemployment. Just think about it. People want to work; the means of product...
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Wednesday, October 15, 2008

The state we are in

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That capitalism today requires incredible, almost unimaginable levels of financial support and assistance from the state just to keep the sy...
Tuesday, October 14, 2008

The storm is just starting to blow

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Gordon Brown is being feted as the “master of the universe”. Stock markets yesterday were delirious with joy, making record-breaking, strato...
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Monday, October 13, 2008

'The worst is yet to come'

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The emergency state bail-out today of Britain’s major banks to the tune of £37 billion marks the end of an era and is the clearest indicatio...
Friday, October 10, 2008

From fantasy finance to economic crash

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When corporations at the heart of American capitalism, Ford and General Motors, find themselves close to bankruptcy, there is no surer sign ...
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Thursday, October 09, 2008

End of an era

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In a talk to black Londoners last night, American-born playwright Bonnie Greer remarked that we are witnessing the end of an era – the age o...
Wednesday, October 08, 2008

Banks bail-out is a con and a swindle

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The £50 billion bail-out of the banks is a desperate act by a cornered government. Worse, it is a futile bid to shore up a capitalist financ...
Tuesday, October 07, 2008

One law for the rich...

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The global credit crisis provides unparalleled opportunities to expose not just the failure of capitalism as an economic and financial syste...
Monday, October 06, 2008

Political crisis takes centre stage

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The scale and spread of the historically unprecedented disintegration of the world’s financial system, and its impact on global markets is b...
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