By Bryn Glover The Labour government has chosen to shackle its activities to what the Treasury’s ‘fiscal rules’ say can be afforded. It was Mrs Thatcher who first – incorrectly – used the metaphor of a housewife in charge of the family purse strings to explain the need for painful spending cuts to get theContinue reading “Why tax the rich?”
Tag Archives: economics
Germany in crisis
TOBY ABSE warns of the shadow of the Far Right looming over the country’s forthcoming general election LAST autumn’s elections in three East German Lander had a significance that went far beyond the local, or even the national, causing shock waves all over Western Europe. Not only did they ultimately bring down Germany’s federal coalition,Continue reading “Germany in crisis”
Stagflation Nation
Malcolm Christie and Mike Davies warn the UK’s ‘price-wage spiral’ is now spiralling out of control and creating a severe cost-of-living crisis IN the UK the cost of living is now increasing much faster than the net incomes of all the population except the super-rich. How has this has come about and what are the prospects for theContinue reading “Stagflation Nation”
The cost of living crisis
Mike Davies and Malcolm Christie argue that the Tories have no plan to help Britain’s poorest families weather a perfect economic storm Britain is suffering critically high inflation – the worst for forty years. Double digit price rises will be with us for years. Millions are already finding they cannot afford essentials like food and heating. Benefits, pensionsContinue reading “The cost of living crisis “
Book Review
Frank Ramsey: A Sheer Excess of Powers by Cheryl Misak, Oxford University Press 2020 £25 ISBN: 978-0198755357 By Hugh Barnes Does socialism add up? This is a mathematical question as well as a political and moral one. A hundred years ago, mathematical economics was dominated by socialist advocates of Soviet-style central planning. Later, in the 1930s, JohnContinue reading “Book Review”
The Failure of Capitalism
The world economy is in crisis for the second time in just over a decade – and has no answer to rising poverty and unemployment. How will it cope with the impending mega-crisis of climate change? By Bryn Glover It may be ‘bad form’ and morally wrong to kick a person (or a philosophy orContinue reading “The Failure of Capitalism”
Alliance for Green Socialism 