Don't bail out the banks again
It is plain that the capitalist world is in an absolute mess – and that another financial crisis is brewing.
Finance
Finance
Why the deficit is being dumped on us
Deliberate policies from successive governments have turned Britain into a debtor country, with foreign credit used to finance imports and mortgages.
Welcome to the board: Labour, Inc
Alistair Darling, the former Labour chancellor, has been appointed to the board of directors at Morgan Stanley, the US-based financial services firm, while Gordon Brown is to join a global investment firm.
Co-op Bank close Cuba solidarity account
The Co-op Bank has closed the accounts of the Cuba Solidarity Campaign. The action follows on the heels of the closure of 20 accounts held by British pro-Palestine groups.
Still fighting over the Co-op Bank
The “Save our Bank” campaign – the cooperative and mutualists who have seen the demise of the Co-op Bank and control passing to private equity and hedge fund – is still trying to fight back against the new owners.
Accounting for money in the Soviet Union
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.
Bolshevik finance
How to run industry and finance without capitalism was one of the things the Bolsheviks learned how to do in the Soviet Union after the October Revolution – and we can learn something from studying how they did it.
Who needs the private sector?
7 February 2015
A fascinating book studies the respective roles of the state and private enterprise in innovation. It challenges the false image that businesses are an innovative force while the state is not, and shows the opposite is closer to the truth.
Socialism and finance: lessons from the Soviet Union about securing real progress
The 1930s saw mass unemployment sweep across the world – though not in the Soviet Union, which planned its economy and took the concepts of credit and finance seriously...
Finance capital
The history of capital since the Industrial Revolution shows that increasingly it is sucked into the realm of financial speculation.