Jeremy Corbyn represents the only realistic chance the people of England and Wales have been given in decades, to escape from the neo-liberal economics that have impoverished vast swathes of the population. But he leads a parliamentary party which is almost entirely comprised of hardline neo-liberal adherents.The majority of the parliamentary Labour party are the people who brought in academy schools, high student tuition fees, PFI, who introduced more privatisation into the health service...
Read More »Richard Murphy — The New Statesman: making up stories about modern monetary theory
Richard Murphy reports another hit job on MMT and him as well along with the progressive wing of the Labour Party that supports MMT. The attack is stepping up. And, my friends, in this story you have a history of this entire movement. First they ignore you. Then they ridicule you. And then they attack you and want to burn you. And then they build monuments to you. And that, is what is going to happen to the Amalgamated Clothing Workers of America. — Nicholas Klein, 1914 (This quote or a...
Read More »Ramanan — Fine Jeremy Corbyn Speech From 2010
I came across this fine Jeremy Corbyn Speech in which he explicitly talks about the ideology of the working class which is utterly deflationary to output. It’s from 2010, and shows how clear his understanding of the way the world works, is. It is extremely rare and in my opinion, no politician has come even remotely close to it.... The Case for Concerted ActionFine Jeremy Corbyn Speech From 2010V. Ramanan
Read More »Jonathan Cook — Long Read: The neoliberal order is dying. Time to wake up
Analysis from the left mostly about British politics but inclusive of all aspects of neoliberalism as the policy, strategy and tactics of elite power. Says "long read," but it is not that long. Worth a read even if you are not British since it is also an analysis of elite power as it relates to national politics and neoliberal globalization. Let's hope Cook is correct in seeing the wave cresting. The question then becomes will the breaking of the wave result in world war as the elite...
Read More »Bill Mitchell — Build it in Britain is just sensible logic
After my day in the sun as a poet, I am back to being an economist. I have been researching operational issues relating to how a society can take back control and Reclaim the State, as part of the work I am doing for our follow up book (with Thomas Fazi) that I hope to get out next year sometime. The current book Reclaiming the State: A Progressive Vision of Sovereignty for a Post-Neoliberal World (Pluto Books, 2017) is very conceptual. The Part 2 follow up will be conceptual in part but...
Read More »Robert Stevens — British Army against Corbyn! Imperialism needs to Destroy Democracy in the West
Forget the Deep State. There's talk of a military coup in the case of a leftist leader being elected. No, we are not talking about Venezuela. Rather Britain.This is not a joke either. It's actually being floated seriously. This is the way that the unthinkable gets normalized. It's a tactic. Written by Paul Carter for the de facto house organ of the Conservative Party, the article makes clear that discussions on such a course of action in the event of a Labour victory under Corbyn are...
Read More »Daniel Margrain — For how long will corporate media vilify Mr Corbyn?
In 1978, the Australian social scientist, Alex Carey, pointed out that the twentieth century has been characterized by three developments of great political importance: “the growth of democracy; the growth of corporate power; and the growth of corporate propaganda as a means of protecting corporate power against democracy.” In order to defend their business interests against the forces of democracy, the corporations that now dominate much of the domestic and global economies recognize the...
Read More »Bill Mitchell — The New Keynesian fiscal rules that mislead British Labour – Part 1, 2 & 3
The British Labour Party is currently leading the Tories in the latest YouGov opinion polls (February 19-20, Tories 40 per cent (and declining), Labour 42 per cent (and rising). They should be further in front, given the disarray of the Conservatives as they try to negotiate within their own party something remotely acceptable about Brexit. When there is this degree of political capital available, in this case for the Labour Party, a party should use it to redefine policy agendas that have...
Read More »Jeremy Corbyn — The Corbyn Doctrine
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...
Read More »Joe Mellor — Ex-PM Gordon Brown has backed…Jeremy Corbyn
In a full about turn, Gordon Brown, has now decided that Jeremy Corbyn is a the right person to lead the UK out of it’s troubled times.... Brown, whose leadership of the country was fraught with setbacks, said that Corbyn’s war on rising inequality and stagnant wages was “absolutely right.” The London Economic Ex-PM Gordon Brown has backed…Jeremy CorbynJoe Mellor
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