Two notions of liberty revisited - or how to disentangle Liberty and Slavery

The modern liberal concept of liberty has roots in Roman law and the Roman understanding of the master and the slave. We need to unpick that heritage to imagine a better basis for our political aspirations

Is there any austerity in the UK?

The Coalition is not cutting the deficit, while many on the right argue that spending is rising. So what's the real picture? The director of centre-left think tank IPPR gives his analysis on whether there is really austerity in Britain.

A short history of banks and democracy

The extraordinary bounce-back of the banks reveals the most disturbing, but least obvious, largely invisible, feature of the unfinished European crisis: the transformation of democratic taxation states into post-democratic banking states.

Labour in times of rising foreign direct investment in developing countries

The disadvantaged position of labour is often seen as going hand in hand with the rise in foreign direct investment (FDI). But this situation, attributable to a 'race to the bottom' initiated by states, is anchored in the misleading notion that transnational capital inevitably embraces cheap labour.

The Eurozone crisis: what way forward?

The simple truth unpalatable to Eurozone authorities is that small peripheral EU economies and even big economies like Spain and Italy, are victims, not designers of the liberalised financial architecture that was built way back in 1992, repeating earlier twentieth century failed experiments that led to financial crisis, immiseration and war.

The Cyprus 'bail-in' blunder: a template for Europe?

The justification for the ‘rescue’ plan for Cyprus appears reasonable: taxpayers should not have to pay for the costly mistakes of bankers and ‘tax havens’ should be eliminated. But the ‘bail-in’ plan does not achieve these objectives.

Italy, where nothing is where it should be

Without a government at Palazzo Chigi, Italy’s politics has been displaced. And as the “Offshore Leaks” scandal has revealed, the country’s economy has meanwhile moved to tax havens.

Bank-money and the betrayal of democracy

In this speech given at the PSA conference in Cardiff, the author examines the history and theory of bank money - credit - from a democratic perspective. How did this strange fraud come to be established under law?

Socialism in one country... and English football's Premier League

The beautiful game is rotting because of its place in the global economy: meaningful participation and attachment is being commodified, a process which brings great whooshes of cash into football. Can the game be fixed for the better?

Workfare, energy and equity

Ivan Illich's ‘Energy & Equity’ shows how large-scale energy systems entail inequality, unfreedom, and loss of human dignity. The workfare debate between Aaron Peters and Tony Curzon Price ignores this crucial social and environmental dimension

Will workfare be well paid?

Aaron Peters explains why workfare is here to stay. But what are the limits to its generosity?

Weaponising workfare

Workfare recognises a reality that the TUC and many on the left haven't - our current model of production, from a social perspective, is crumbling. Make workfare a weapon for change.

 

"Currency war" rhetoric obscures the real need for realignment

Global economy remains so imbalanced that significant currency shifts are needed, not only to help pull the West out of its slump but to ensure a stable and viable world for us all.

Fair Trade and 'The Economist's Critique'

As Fairtrade Fortnight commences it is important to demystify the economic arguments surrounding fair trade.  Is it the case that promoting social justice in the supply chain can serve to undermine the long term prospects of poor southern producers?

Are the ratings agencies fit to judge us?

Moody’s has stripped the UK of its AAA credit rating, the first cut since the 1970s. An activist researcher says governments should do more to expose and prosecute misconduct and incompetence by the too-powerful ratings agencies.

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