The Mayor of London, who campaigned for election on the promise of keeping ticket offices open, now plans to close them as part of the 12.5% cut in the budget of London Underground (LU) announced on 21st November. This will, at a stroke, reduce safety, reduce service, cause inconvenience to the travelling public and increase[...]Read more →
Since the appalling news of a Co-op Bank takeover by US hedge “vulture” funds (Aurelius Capital and Silver Point Capital) a growing body of Co-op members and bank customers are rallying to restore co-operative control and underpin the bank’s commitment to ethical investment.
The future of the Co-op Bank has been in doubt since[...]
Achtung – Privatisation a Nazi legacy!! ~ Michael Gold.
Mrs Thatcher is universally credited with creating the privatisation regime that now extends across most of the planet – yet the real roots of privatisation originated in Nazi Germany. The Spanish economist Germà Bel1 has traced the origins of the word ‘privatisation’ to the German word,[...]
Why are we arguing over the safety of fracking, when there is no need for fracking at all?
It has been known for some time that if global warming is to be limited to two degrees Celsius (2°C) between now and 2050, then only about a quarter of the world’s proven fossil fuel reserves[...]
“It is true, we have the only banks in the western world that are not looking at bailouts or anything like that.” Stephen Harper, Canadian Prime Minister, 23rd February 2009.1
Mark Carney’s appointment as the new Governor of the Bank of England (BOE) was, we have been told, based mainly on how successful he[...]
Politicians of all parties, from all countries, will tell you that there needs to beinternational agreement to deal with tax avoidance, tax evasion and tax havens. Yet there are more tax havens under UK jurisdiction than any other national jurisdiction, and we could start by putting our own house in order!
However, this doesn’t need[...]
“Fascism should more appropriately be called Corporatism, because it is a merger
of State and corporate power.” Benito Mussolini
The UK economy today has some startling similarities with both Nazi Germany and apartheid South Africa. The overriding image of fascism is the Nazi jackboot trampling over the brave democratic countries of Europe, and fascism itself[...]
It is depressingly ironic that this year is the 60th anniversary of the 1953 London Debts Agreement conference, and Alexis Tsipras, leader of the Greek Syriza Party, is suggesting a similar conference is needed again. In 1953 West German debt was written down by some 60%, and they were given 30 years to pay; today[...]Read more →
By Mike Gold
Most media and economic commentators either support debt reduction and the resultant austerity, or demand a bit less austerity and a bit more Keynesian state intervention. There is no Plan B, scream the critics of George Osborne and Seamus Milne1 goes further and calls Osborne an economic disaster.
The truth is far[...]