Back in January, John McFall, a mainstream New Labour MP and chair of Parliament's Treasury select committee, called for the complete nationalisation of Lloyds Bank and the Royal Bank of Scotland.
Crisis opening in 2007
Is the economic crisis ending? If it is, does that mean that the threatened public service cuts won't come, or will be smaller? Probably not; and no.
This article looks beyond the rail industry and surveys the unions’ response to the crisis.
The roots of the current economic crisis lie in the capitalist system itself.
The world economic crisis took a sharp turn for the worse in September 2008. Some of the Marxist economists who had discussed the crisis in our first series of interviews, March-July 2008, have commented again. In this interview: Dick Bryan.
Industrial action over pay by the National Union of Teachers was one of the first casualties of the economic crisis.
The 2009 Alliance for Workers’ Liberty conference (30-31 May) took place as we see the further development of the political crisis following on from the economic crisis of capitalism. Our debates mapped out the tasks we face in the changed political situation and how we need to improve our ability to intervene.
1. The twenty or 25 years up to 2007 were a “golden age” for capitalism. It expanded fast (though economic growth rates were lower than in 1950-73, they were high compared to all other eras).
The world economic crisis took a sharp turn for the worse in September 2008. Some of the Marxist economists who had discussed the crisis in our first series of interviews, March-July 2008, have commented again. In this interview: Simon Mohun.
Songjin Jeong: Most media and analysts label the current crisis as a “financial crisis.” Do you agree with this characterization?