The development money tap
What happens when devolved mayors, giddy with power, assume ownership over public assets was brought to light recently.
Finance
Finance
Student loans: a cost to us all
22 January 2024
Student loans aren’t a good deal for students or taxpayers. A new report highlights the increasing costs for government.
Parasitic capitalism - who needs it?
Asset management companies live off the wealth created by others. They buy not to produce things of use, but to profit from squeezing the assets or selling them on…
End the cycle: the crisis is one of capitalism
Freed from the EU, Britain’s economy can – and must – avoid the perils of globalism. But globalisation is not an aberration… it is the logical development of capitalism...
How finance capital holds its rule
An analysis of finance capital forensically analyses its failings – but then fails to see that there is no turning back to a golden age. Finance capital must go…
Capitalism causes inflation, not Brexit
22 June 2023
Mark Carney, former governor of the Bank of England, blames Britain’s inflation on Brexit. But inflation is, and always has been, a feature of capitalism.
Inside today's Treasury
The Treasury is a key part of the capitalist state, and a new book provides a fine critique of its operations – despite its reformist conclusions…
Abandoning the dangerous dollar
Something significant is afoot in global finance. It relates directly to workers’ daily battle with inflation, potentially also having far wider impact. And it’s about the US dollar…
Inflation, capital and labour
22 June 2023
Inflation as a result of government policy since 2008 has now worked through to consumer prices. The underlying economics of inflation are the result of a poor bargain between capitalists and wage-earners.
What should be the working class response to the ongoing financial collapse?
What should be the working class response to the ongoing financial collapse?
Tuesday 4 July 2023 19:00
Removing the dollar's influence opens the door to political and economic independence for Britain and means once and for all rejecting bloc politics. In effect, Brexit from the dollar.
Come and discuss. Email info@cpbml.org.uk for an invitation
Meet the new capitalists
This book describes how modern, transnational capitalism operates against the interests of workers everywhere, out of reach of national governments…
The destructive dominance of finance capitalism
22 December 2022
Finance capital wants to increase profits and to subordinate the production of goods and services for people’s needs. It has developed to become the malign global financial system we know today.
The financialisation of capital [Print version]
Finance capitalism keeps a malign stranglehold over the real economy, serving only a tiny group of super-wealthy speculators. How did this come about?
Finance - More deregulation
Chancellor of the Exchequer Jeremy Hunt announced a package of financial sector reforms speaking in Edinburgh on 9 December.
Inflation: a capitalist weapon in the class war
Rising prices affect everyone – but they are endemic to capitalism and not acts of God. The current surge in prices is an act of class war directed at workers, and it requires a working class response…
A country made for kleptocrats
A new book reveals just how corrupt Britain has become when it comes to international money laundering…
Strike looms at Financial Conduct Authority
22 February 2022
Unite trade Union members who work at the Financial Conduct Authority have voted heavily to take industrial action against proposed cuts to pay and conditions.
Monopoly and regulation: a new path for Britain
Free market economics is coming unstuck. Many workers have always thought this would be the eventual outcome. The question is whether workers will assert their own control…
Why we all need the Union – and sterling
The threat to the unity of the British working class comes not just from separatists, but also from those throughout Britain who kid themselves that it doesn’t matter to them.
The future of money
In a world where much commerce is conducted digitally and cash use is falling, the central banks are stuck in the past, supplying notes and coins while credit is controlled by the private retail banks. But that could soon change…
Meet the new ‘mafia’ economics
A trenchant analysis indicts the abdication of state responsibility and the persistent belief in the power of markets to fix the current financial mess…
Seizing the future for Britain's workers
The dominance of finance capital has dragged Britain deep into debt, even before Covid-19. Rebuilding the economy after the ravages of the pandemic will require a completely different approach…
Time to clean up the monetary mess
The Covid-19 crisis has made it even more essential to get to grips with capitalism’s monetary mess. Quite simply, Britain’s whole business model is wrong.
The economics of crisis
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.
Panic buying? Beware the panic selling
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.
The gathering global slump
The June 2016 referendum result was entirely rational. It represented a sophisticated view of the connection between economics and politics.…
How finance capital makes us all poorer
The bankers of the world like to talk about how they create “value”. As an exceptional new book lays bare, they are good at making profits, but the rest of us are bearing the costs…
Euro finance shock - more to come
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.
Brexit and the world economy
18 March 2019
Brexit is about politics first and foremost. But with a global economic slump coming, it makes economic sense too.
Protest at Scottish budget
Members of several unions gathered at the Scottish Parliament on 12 December to protest against that day’s annual budget announcement from the minority SNP administration.