A Public and Commercial Services Union report on wages and growth in the UK highlights a problem the Coalition have studiously avoided: with job losses and wage cuts, how exactly is the economy to grow? Public sector income is private sector demand.
John Mills and Norman Tebbit discuss Britain's approach to manufacturing, home-grown industry, foreign ownership of assets, the exchange rate, and re-examine the choices of former governments and how they have affected Britain's economy today.
The IMF may be quietly ackowledging the failures of stringent fiscal consolidation but much damage has already been done. With over a thousand economists and a wealth of evidence at their disposal a mea culpa is long overdue.
The European Central Bank's forecasts misread Europe’s economy three times out of four. And the European Commission, the OECD and the Bundesbank didn't do any better. What is wrong with the mainstream view of how the economy works?
Is corporate tax evasion an
issue for the EU-ECB-IMF Troika? It seems not – they’re too busy dismantling
public services to worry about public revenue, unless it takes the regressive
form of increasing VAT.
The political victory of the City over manufacturing has been a long and cross-party project with significant consequences for our current economic predicament. Robin Ramsay examines the journey from the 70s to the present day.
The International Monetary Fund (IMF) recently
published a working paper arguing for the removal of private bank’s privilege
of creating the national money supply.
The so called ‘full’ or ‘100%’ –reserve reform has a long history – but,
with the Icelandic parliament actively investigating the proposal and little
sign of current reforms rebooting the economy, might its time have come?
More than a decade of viewing property as an investment has driven up prices and eroded the status of affordable housing as an enduring human need. It is time to consign “basic economics” to the scrap heap and hold successive governments to account.
MOOCs (massive open online courses)
and more freely available lectures and university content are transforming
the education landscape, and alliances between academia and corporations are ever-increasing. But this revolution
in education might pose a lethal threat for hardly commodifiable
disciplines such as those of the humanities.
European trade unions and many
progressive parties simultaneously ask for lower European budgetary
constraints to counteract recession, while agreeing with austerity at home. But
there's a way to resolve this contradiction – and to reverse depressive
tendencies, foster growth and increase competitiveness in Europe.
Management consultants have their eye on women as
growth drivers and change agents for multi-national companies, and activists and politicians campaigning for women's
rights are being advised to stop talking about trafficking and rights. Marion Bowman, reporting from the Trust Women conference, tells a Christmas story of 'The Third Billion' and Bedford Falls
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About 50.50 50.50 is openDemocracy's section dedicated to exploring issues of gender equality and social justice at the global level.
are committed to promoting human rights and inclusive democracy through
dialogue and debate. But a global debate without the female half of
humanity is neither global nor democratic. With this in mind, 50.50 publishes women's
analysis, insight and views on current affairs.
In the months following the start of the Arab Revolutions, articles and analysis poured into openDemocracy from contributors across the Middle East and Europe. Gradually, the impact of Tahrir Square began to extend well beyond the Middle East as democratic inspiration travelled from east to west. Arab Awakening tries to capture that inspiration and use it to help us read a rapidly changing world.
"As students of politics is it is vital to study the power of imagination."
-Professor Charles Tripp, SOAS