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How Billionaires Become Billionaires

How Billionaires Become Billionaires

America has the greatest inequalities, highest mortality rate, most regressive taxes, and largest public subsidies for bankers and billionaires of any developed capitalist country.

In this essay we will discuss the socio-economic roots of inequalities and the relation between the concentration of wealth and the downward mobility of the working and salaried classes.

The Facts Proving Corbyn’s Election Triumph

The Facts Proving Corbyn’s Election Triumph

With Corbyn, the election campaign proved that there is a huge appetite for his honesty, his passion, his commitment to social justice – at least when audiences got a chance to hear from him directly, rather than having his policies and personality mediated and distorted by a biased and self-serving corporate media.

General Election 2017: Jeremy Corbyn launches Labour manifesto in Yorkshire

Why Corbyn Might Just Win

On Friday morning the vast majority of the world may well have a lot to celebrate, a principled socialist may have defied the ruling-class in becoming the Prime Minister of the world’s fifth largest economy. If this happens the world will never be the same again.

The Euro Is Murdering Europe

The Euro Is Murdering Europe

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.

Maastricht and All That

Maastricht and All That

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.

The Left and the EU: Why Cling to This Reactionary Institution?

The Left and the EU: Why Cling to This Reactionary Institution?

Across the Continent, the unelected officials who have usurped the power of national governments and asserted their right to determine the fates of countless millions, through their adherence to the damaging creed of neoliberalism, have wrought suffering on an unimaginable scale, casting millions into poverty and removing the last vestige of dignity people cling to in an economy that has fallen prey to the voracious claims of big business.

Flickr/Dominic's pics. Some rights reserved.

UK media and the legitimisation of austerity policies

By featuring some perspectives whilst excluding others, UK media has played a crucial role in the legitimisation of austerity policies.

The media cannot tell people what to think in a simple manner. However by featuring some perspectives whilst excluding others it plays a crucial role in the legitimisation of policy and the exercise of power.

“Print the Money”: Trump’s “Reckless” Proposal Echoes Franklin and Lincoln

“Print the Money”: Trump’s “Reckless” Proposal Echoes Franklin and Lincoln

“Print the money” has been called crazy talk, but it may be the only sane solution to a $19 trillion federal debt that has doubled in the last 10 years. The solution of Abraham Lincoln and the American colonists can still work today. “Reckless,” “alarming,” “disastrous,” “swashbuckling,” “playing with fire,” “crazy talk,” “lost in a forest of nonsense”: these are […]