Tag Archives: British politics

Do you remember back to May 2016, when the British Treasury, which is clearly full of mainstream macroeconomists who have little understanding of how the system actually operates released their ‘Brexit’ predictions? The ‘study’ (putting the best spin possible on what was a tawdry piece of propaganda) – HM Treasury analysis: the immediate economic impact of leaving the EU – was strategically released to have maximum impact on the vote, which would come just a month later. Fortunately, for...

British Labour Party leader Jeremy Corbyn addressed United Nations officials in Geneva this Friday in a speech outlining his vision for a twenty-first century internationalism. The speech, scheduled to mark International Human Rights Day, examined the roots of global economic inequality, the developing climate crisis and the impact of war across the world. These “threats to our common humanity,” it argues, can only be overcome with “a global rules-based system that applies to all and works...

The conservatives in the British Labour Party are obviously worried. The UK Guardian article (December 2, 2017) – Labour faces subversion by Momentum and far left, says Roy Hattersley – reports the claim by former Deputy leader, Roy Hattersley that British Labour is “facing the biggest crisis in its history” because left-wingers are engaged “in a systematic takeover of the party”. Gosh. Sounds shocking. A traditionally left-wing political party slowly wresting it back to mission after being...

Professor Bill Mitchell – a major proponent of Modern Monetary Theory (MMT) – will attend a Labour Conference fringe event this September, it’s a rare opportunity progressives must seize.… Through the mass misinformation that is the neoliberal doctrine, the elites created a set of economic rules which presents them and only them as the indispensable saviours of society, and thus the only entity that must directly benefit from economic policy. They then dressed this fantasy as common sense,...

Finally, some on the mainstream British Left are starting to get that the EU is a disastrous anti-democratic enterprise inimical to the Left, as reported here: Owen Jones, “The Left must put Britain’s EU withdrawal on the Agenda,” Guardian, 15 July, 2015. It is about time too.Owen Jones hits the nail on the head when he points out in this article that the EU Fiscal Compact (or the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union) of 2012 effectively...