The 2008 recession was and is one of the largest economic events of recent history, and has caused economic upheaval the world over, massive increases in levels of poverty and thousands of companies declaring bankruptcy, forcing their workers out of a job and spreading misery and despair. For young people, this event was particularly catastrophic: … Continue reading Starvation Through Abundance: The Bizarre Paradox of Crises of Capitalist Overproduction
https://www.youtube.com/watch?v=pLqm1EeXtKo In this revealing video, Jeremy Corbyn and Sadiq Khan refuse to comment on their approval of a plan announced by Tory Lord Kerslake, and put together by Savills Estate agents and a variety of private business interests (with ‘input’ from housing charities, mind you), to “Solve London’s housing problem” by building 350,000 new homes … Continue reading What is ‘affordable’ housing?
Capitalism is in crisis. On this point all are agreed. But what is the crisis? How can it be solved? Is capitalism the 'end of history', as Francis Fukuyama famously said after the counter-revolutions in the USSR and Eastern Europe in 1989-91? Will capitalism simply 'sort itself out'? Is it the best of a bad … Continue reading Understand Capitalism – understand your life!