Estimates put the value of Britain’s housing stock at more than £5 trillion – that’s five thousand billion. Yet the shortage of housing remains a pressing requirement for millions of workers.
Housing has become a case of satisfying the greed of a tiny minority of capitalist speculators. And “build more houses” is not the answer to the housing shortage. Here are some alternatives…
If you don’t agree that foreign investors should buy up swathes of London you are “economically illiterate”, says London Mayor Boris Johnson.
The G20 summit in Brisbane, Australia, in November made good TV: Russian President Putin as the naughty boy isolated by the other 19 countries, which took it in turns to call him names, forcing him to leave early. But it wasn't like that at all.
In November Rolls-Royce announced proposals to reduce its Aerospace Division workforce by 2,600 jobs worldwide over the next 18 months.
The EU is built on the “free movements” of capital, labour, goods and services, that is, on uncontrolled movements of all four. Capital needs these “freedoms” in order to maximise its profits, and for no other reason.
At last, a sea change is taking place in the thinking of the unions on TTIP, the Transatlantic Trade and Investment Partnership treaty being negotiated between the European Union and the US.
Health workers will have to decide whether to meekly acquiesce in a continuous reduction of earnings or find a way to do what generations of workers before them have done: fight to improve pay.
Occupied countries learn the hard lesson that when you lose something it can be difficult, and often impossible, to get it back later.
Anti-union legislation is so complex that legal firms are making a killing by advising employers on how to use the law to attack workers.
This is what capitalist economic recovery looks like. Our GDP per head is still lower than it was in 2008. Real wages have been cut. Debt has risen.
Apart from the odd rhetorical flourish, the Second International never aspired to be a revolutionary organisation, unlike the First. It left no worthwhile legacy.
