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Boom produces bust

The surge in capitalist markets from 1997 to 2007 was only achieved by deliberate, reckless stimulation of credit growth, enacted through a combination of abnormally low interest rates (relative to inflation) and exceedingly lax regulation of both credit and housing markets.

Britain’s war against Libya

Britain’s brutally aggressive adventure in Libya is to be utterly condemned. Claiming falsely to protect civilians, British military jets are raining munitions from the sky on to Tripoli and other Libyan cities…

Social democracy

Social democracy, including its British counterparts such as the Social Democratic Federation and successors including the Labour Party, saw workers as passive, an electorate, a force to be harnessed,

Labour aristocracy

Anxious to work out why the oldest working class, the British, had avoided moving to revolution, external commentators at the height of empire concocted a false argument in an effort to explain away this behaviour. In some circles it is still lazily dispensed a century or so later.

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