The government has been hiding evidence that immigration costs jobs. It doesn't, but those who want to defend migrants shouldn't be distracted by such arguments - the case for allowing people to move is about much more than economics.
this exclusive extract from Just Money:
How Society Can Break the Despotic Power of FinanceAnn Pettifor
describes how orthodox economics and finance have promoted a profoundly
inadequate account of money. Change is necessary and possible. But it will come
only through a revolution in the general public’s understanding.
Finance has cast a spell on the framework for international
economic co-operation established after the Second World War. The 2007-8 crisis
and its aftermath highlight the need to rouse the IMF and the World Bank from
imbalances are threatening to derail the European economy. Luca Fantacci calls
for a European Clearing Union to promote a sustainable pattern of production
and consumption across the Eurozone.
“Financial repression” always casts state regulators as
authoritarian villains and allows apologists for uncontrolled finance to pose
as freedom fighters. Maybe we should worry far less about efforts to “repress”
finance and far more about finance’s efforts to oppress the rest of us.
The growth of
finance over the last forty years has changed capitalism profoundly. It is time
for its critics to grasp the nature and significance of these changes. Only then will the supremacy of finance face an effective
week’s attempts at arm-twisting Scotland over sterling and European
Union membership have backfired. But an independent Scotland should
want no part in either surrendering monetary sovereignty or EU
The shadow banking sector is now integral to the global financial
system. Its architects are constantly seeking to evade oversight and control
through the use of offshore accounting and forbidding complexity. The
regulatory reforms that followed the 2007-8 crisis are bound to be tested.