The Euro is murdering the nations and economies of the EU quite literally. Since the fixed currency regime came into effect, replacing national currencies in transactions in 2002, the fixed exchange rate regime has devastated industry in the periphery states of the 19 Euro members while giving disproportionate benefit to Germany. The consequence has been a little-noted industrial contraction and lack of possibility to deal with resulting banking crises. The Euro is a monetarist disaster and the EU dissolution is now pre-programmed as just one consequence.
Essentially, housing associations behave like private companies. This process is being accelerated as a result of the Housing and Planning Act which forces local authorities to sell off council housing. The proceeds are then used to encourage housing associations to extend Right to Buy which will reduce the amount of affordable housing stock even further.
The mismanagement of the UK economy by both the New Labour and Tory governments’ that followed the global crash of 2008 led to the poorest and weakest in society disproportionately picking up the pieces by way of savage cuts and austerity resulting from this incompetency.
If a country or region has no power to devalue, and if it is not the beneficiary of a system of fiscal equalisation, then there is nothing to stop it suffering a process of cumulative and terminal decline leading, in the end, to emigration as the only alternative to poverty or starvation.
I don’t read the Guardian anymore, just as I don’t lick around the toilet bowl or engage in dalliances with farm animals. On Wednesday I made a reluctant exception, after discovering that arch-Blairite sycophant and former arms trade lobbyist Luke Akehurst had written a pub-bore piece about New Labour, Jeremy Corbyn and his vision for the party. Akehurst starts off by recalling […]
Labour’s long decline can only be ended by an insurgent movement. And Corbyn is the candidate of that movement. Follow Charles B. Anthony @CharlesBAnthony Take note Labour: this is how you win an election. Jeremy Corbyn phone bank filling up 6 entire rooms Jeremy Corbyn is no ordinary politician. For his supporters that is his unique selling point, for his […]
As parliament debates the renewal of Trident, the UK’s “nuclear deterrent” – the arguments surrounding the controversial weapons system rage as fiercely as ever. But there’s one aspect which has been repeatedly overlooked. UK banks not only finance our nuclear deterrent, but also our supposed “enemy” Russia’s as well, and senior politicians enjoy a direct financial profit through keeping Trident. The name […]
For decades, the working class of Britain have been sidelined, patronised or ignored in UK politics – and seen their political voice and power all but gone. In recent months, that dormant political force in Britain has found its voice again – and the establishment is freaking out. For those with the means to appreciate it, the 90s and noughties turned […]
Even the mainstream media feel compelled to drop hints that Owen Smith is not what he is being promoted as. The Guardian’s words yesterday were unintentionally revealing; the former shadow work and pensions secretary plans to pitch himself as the soft-left option Note “to pitch himself”. For PR professional Smith, political stance is nothing to do with personal belief, it […]
Police officers carry out random acts of legalized murder against poor people of color not because they are racist, although they may be, or even because they are rogue cops, but because impoverished urban communities have evolved into miniature police states. Police can stop citizens at will, question and arrest them without probable cause, kick down doors in the middle […]
Bernie Sanders ended his presidential campaign Tuesday, not with a bang but a whimper. The Vermont senator formally endorsed his rival in an undignified prostration before the Democratic Party establishment and Wall Street’s favored presidential candidate, former Secretary of State Hillary Clinton. The unity rally featuring Sanders and Clinton in Portsmouth, New Hampshire, had all the spontaneity and enthusiasm of […]
The latest coup attempt against Jeremy Corbyn within the Labour Party is being led by an elitist Blairite network who have always seen his sudden rise to leadership as a threat to their waning control of the party. An investigation by The Canary reveals that the organisers of the campaign are part of a pro-Blair ‘old guard.’ In the run-up to the […]