The Neoliberal Origins of Russia’s War
The evil being perpetrated by Russia will not be defeated by military means alone. A transformation of our own societies must be achieved.
The Neoliberal Origins of Russia’s War Read More »
The evil being perpetrated by Russia will not be defeated by military means alone. A transformation of our own societies must be achieved.
The Neoliberal Origins of Russia’s War Read More »
Overshadowed by the appalling news from Ukraine, Chancellor Rishi Sunak presented the annual Mais Lecture in London a couple of weeks ago. Traditionally used by Chancellors (and, sometimes, Shadow Chancellors) as a space to fill out the detail of their economic plans, and (they hope) give the impression of some depth of thought behind them,
Rishi Sunak’s market moralism Read More »
On the economic front, this period saw the theories of John Maynard Keynes provide the sound intellectual framework for the views which trade unionists had always instinctively known to be right. Trades Union Congress, The History of the T.U.C. 1868-1968, p. 85 The bond between Keynes and workers – obvious to trades unionists in 1968
Rejoinder to Robert Skidelsky: Keynes is on the side of the workers Read More »
The Financial Times front page this morning splashes on reports that China is dropping its studied neutrality over the Russian invasion of Ukraine: China signalled it was ready to play a role in finding a ceasefire in Ukraine as it “deplored” the outbreak of conflict in its strongest comments yet on the war. Beijing said
China’s economic relationship with Russia is the key Read More »
PEF Council member Prof. Stephany Griffiths-Jones is a member of Chilean President Gabriel Boric’s group of economic advisors. With Boric winning a resounding victory in the Chilean Presidential elections, we reproduce here a translation of Stephany’s recent interview for CTIX magazine Chile. Conducted before the second round of the election, Stephany discusses the left’s economic
This week the UK Chancellor Rishi Sunak delivered the 2021 Autumn Budget in the House of Commons. The Budget confirms that this government has accepted a permanently larger role for the state in the economy. Spending will grow in real terms by 3.8% across government, amounting to a £111bn annual increase by 2024–25. Analysis by
The UK has embraced the big state — but lacks a vision for it Read More »
“After decades of assault by state-shrinking ideologues, a collision of crises has revealed how only the power of good government can save us. Covid, climate catastrophe and Brexit crashed in on a public realm stripped bare by a decade of extreme austerity. Here all the best writers and thinkers on the good society show recovery is possible, with a radical rethink of all the old errors. Read this, and feel hope that things can change. ”
Polly Toynbee
PEF publishes blue print for the post-covid economy on 29th April 2021 Read More »
“I am highly sceptical about this story of ‘pent-up demand’. A shrinkage in national income by 10% implies a fall, not rise, in national saving. Saving out of income may go up, but income itself is lower. That’s why it’s not like in a war, when you have full employment and rising wages, but less to spend money on. “
Robert Skidelsky comments on the 2021 budget Read More »
The International Monetary Fund (IMF) should agree a rapid issuance of at least $500bn in international liquidity, in the form of additional Special Drawing Rights (SDRs)
Urgent measures needed for the international financial system Read More »
The United Kingdom has made its first step toward ending the rhetoric of fiscal austerity, yet reactions to the budget on 11th March demonstrate how engrained the austerity ideology is in the media.
The End of Austerity Speak Read More »