29 March 2020
Yes, there is an economic crisis as well as the health and social crisis. But the politics of despair will get us nowhere. Instead, workers need to get to grips with the financial issues involved.
20 March 2020
The stock market is in freefall and shares are collapsing in value. Havoc is being created – fortunes are being made – by financiers selling Britain short.
26 March 2019
The EU’s financial weakness from earlier financial crises reappeared at the end of 2018 after the European Central Bank announced that growth would be lower than expected and inflation higher. That was a dress rehearsal for what is to come.
18 March 2019
Brexit is about politics first and foremost. But with a global economic slump coming, it makes economic sense too.
21 January 2018
Now effectively in the hands of US private equity companies, the Co-op Bank has ordered a further round of branch closures.
14 March 2017
The attempt by Germany’s stock to create an EU-wide monster is fragmenting.
23 August 2016
Cooperatives, according to their backers. Some even think they can blunt the effect of privatisation. The reality is somewhat different.
26 June 2016
The recent sale of the Barclays “secret” gold and precious metals vault, allegedly somewhere inside the M25, to the Chinese bank ICBC highlights the murky role of British banking interests.
During Socialist transition some workers were in more mechanised workplaces than others, some less rationally organised or working with less up to date equipment etc. So the same product(s) produced from different locations could not at this time be directly exchanged with other products solely on the basis of the number of hours worked.