What we saw in the UK election campaign and the recent coalition deal is the level of opportunism amongst the political parties, and the real absence of politics and ideas on how to deal with major crises in the economy, over climate change and of our political institutions.
The new and extreme austerity measures being introduced by the UK's conservative government will mean that one fifth of everything the national health service does will stop; and this will disproportionately hit cancer patients.
The U.S. public has accepted as valid and reasonable, affirmations that would have provoked incredulity or hilarity among the most backward and superstitious people in medieval Europe. The clear indication of moral and political decay eating into American Rome.
The ideological reasoning behind UK government policies is that the market is the only way to make public services 'efficient'. Isn't it time we talked about social efficiency, maximising public benefit rather than maximising profit?
The philosophy and experience of radical movements in the 1960s and 70s are in several ways complementary to the ideas of the direct action movements of today. Hilary Wainwright examines the possibility of forging a new kind of political economy by learning from the best of both of them.
As Brussels bureaucrats and established political parties struggle to answer the current crisis caused by a faulty economic structure, right-wing nationalist parties have increasingly come to the fore in Europe, with Finland's recent election the last contribution to a worrying trend.
This paper focuses on how the global economic crisis unfolded in Europe, where a toxic mix of financial liberalization, highly-leverage banks, a poorly-planned euro and Germany’s years of structural adjustment created a deeply unbalanced and highly indebted European economy, that was brought into sharp focus as Wall Street banks collapsed. The result was the reversal of Europe's economic integration and a state of permanent crisis that continues to this day.
This paper dissects the Japanese bubble economy in the late 1980’s and early 1990’s and the Asian Financial Crisis in 1997-98 and shows how they shaped Asia’s capacity to deal with and respond to the 2008 global financial crisis. It looks at how China emerged seemingly unscathed, but warns that the inroads of speculative financial capital into China and East Asia along with ongoing problems of over-production means that a future financial crisis is highly probable.