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Archive for ‘Economics’

Occupy Tour of Mayfair: Shadow banking and where the financial meltdown started

This Saturday join the Occupy Tour of Mayfair, where the hedge fund managers
You will know it as the most expensive spot on the Monopoly board. But did you know that this upmarket area of west London has the highest concentration of hedge funds and private equity firms in Europe?
This tour takes you into[…]

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Collecting Tax is about Political Will!

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[…]

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Neo-Liberalism or Fascism ‘Light’?

“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[…]

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Germany is destroying the Euro!!

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[…]

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London Occupy Economics Working Group (EWG) budget response – “a missed opportunity”

The current financial crises (Eurozone, US and UK public and private sector debt, banks’ insolvency) were precipitated by the sub-prime mortgage crisis of 2008 which was the culmination of a housing fuelled, economic boom in the US, UK and Europe (particularly Spain and Ireland). Rising house prices fuelled an explosion in consumer credit and private[…]

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Rebalancing Austerity – a modest alternative budget 2013 – from Occupy Birmingham

We can’t do everything in one budget, but we can make a start. This is a start, by scrapping the austerity agenda, and starting a programme to reinvest in people and begin to reduce the criminal inequality that successive administrations have enabled. Some of these suggestions have been made by unions, campaigners, some by us.[…]

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Austerity – Back to the Workhouse?

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[…]

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Where will economic growth come from?

The global economic system demands exponential growth to survive rather like a bicycle which falls over if forward momentum ceases. It is underpinned by the interest based money system which demands expanding debt to provide sufficient money to pay the interest on pre-existing debt.
Growth in the US, UK and other countries has, for the[…]

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A critical video report on Haldane’s talk

 
A Polly Tikkle Production

The main stream press was eager to quote Andy Haldane, the Executive Director of Financial Stability for The Bank Of England, when he publicly announced that Occupy was right. However Andy Haldane’s proposed reform strands, which he memorably calls the 5C’s, do not go very far in addressing what Occupy[…]

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