IMF and debt: a new consensus?

15 April 2021 — Michael Roberts Blog

by michael roberts

There is much talk among ‘progressive’ economists that the IMF and the World Bank have turned over a new leaf.  Gone are the days of supporting fiscal austerity, demanding that national governments get public debt levels down and insisting on conditions for countries borrowing IMF-WB funds that their governments privatise their state assets, deregulate markets and reduce labour rights.

Continue reading

COVID-19: Greed Drove Big Pharma Companies to Privatize Vaccines

29 March, 2021 — Consortium News – Common Dreams

The AstraZeneca jab was actually developed by scientists from a publicly-funded institution, writes Nick Dearden in a retort to comments by Boris Johnson.

U.K. Prime Minister Boris Johnson shows proof of getting Oxford–AstraZeneca’s Covid-19 vaccine on March 19. (Andrew Parsons, No 10 Downing Street, Flickr)

By Nick Dearden
Common Dreams

On the anniversary of the United Kingdom’s first lockdown of the coronavirus pandemic, as candles were lit in doorways and the country mourned 125,000 deaths, the prime minister was in the mood for gloating.

“The reason we have the vaccine success is because of capitalism, because of greed my friends,” Boris Johnson reportedly told Conservative MPs, before pleading “forget I said that.”

Continue reading

Modi’s Farm Produce Act Was Authored Thirty Years Ago, in Washington D.C.

A Telugu translation is available as a pdf.

The kisan agitation at the gates of Fortress Delhi has forced even the corporate media to take note of the corporate drive to capture control of the remaining non-corporate sectors of the country’s economy, including its agriculture; the phrase “Ambani-Adani” is now a popular term for this process.

Continue reading

Britain’s government – entangled in its own corruption

10 June 2020 — True Publica

By Rob Woodward – TruePublica: Thatcherism, as it is known, was made of up of principles comprising economic, social and political ideals that described the Conservative Party that undoubtedly shaped Britain for nearly fifty years. The economic policies that came with Thatcherism really amounted to little more than deregulation. It was and still is a total rejection of the ‘post-war consensus’ that drives privatisation, nationalisation and unleashes ‘corporatism’ – the so-called efficiency of the free-market and the fiction sold to everyone as a ‘trickle-down’ effect.

Continue reading

Gangster Capitalism

23 August 2019 — True Publica

Privatisation – The ultimate insult as victims deceived by police service

By Robert Woodward – TruePublica: There are some standout failures of the privatisation model in Britain that was sold to the public as some sort panacea to all the failings of state-owned assets. Since 2010, more state-owned assets have been sold since the 1930s – where £1trillion of national wealth has been handed over to private entities often with disastrous results. The latest is just another a poke in the eye for the ever beleaguered taxpayer with those causing chaos laughing all the way to the bank.

Continue reading

Revealed: The thousands of public spaces sold by cash-strapped councils

14 March 2019 — Bureau of Investigative Journalism

12,000+ public buildings and spaces
sold off in the last five years

In a major collaboration involving dozens of reporters around the country and a week of stories with Huff Post UK, the Bureau revealed the true scale of the local government funding crisis. It has become so dire that councils are being forced to sell thousands of public spaces, such as libraries, community centres and playgrounds – and many are using the money to fund redundancies. Read the full investigation here.
Continue reading

Labour’s London mayor Sadiq Khan plans to demolish 8,000 council homes By Charles Hixson

27 December 2018 — WSWS

Residents in working class housing estates are organising in opposition to the Labour Party mayor of London Sadiq Khan’s proposed social cleansing “regeneration” schemes.

In February, Khan proposed “mandatory balloting schemes where any demolition is planned as a strict condition of his funding.” Residents “would be at the heart” of decision-making, and there “must be no loss of social housing,” claimed the mayor.

Continue reading

Macron impeachment mooted as more French ministers resign By Francis Dubois

22 September 2018 — WSWS

Two months after the Stalinist General Confederation of Labor (CGT) called an end to strikes against French President Emmanuel Macron’s rail privatization plan, ministers are deserting the government. The cabinet and Macron’s party, The Republic on the March (LRM), are disintegrating and powerful sections of the bourgeoisie are openly debating mechanisms to remove Macron and build an alternative government.

Continue reading

Industrializing Class War By William Bowles

2 February 2018 — InvestigatingImperialism

Have you noticed that it’s no longer PC Dixon of Dock Green who mediates the relationship between the state and its citizens as he goes about his beat in your neighbourhood? Instead, it’s a Kevlar-armoured, video-monitored, taser-equipped, drone-surveilled, spit-masked supplied soldier, straight out of Star Wars, who now staggers along under the weight of an industrialized capitalism, visibly physically disconnected from the citizens they monitor by their bullet-proof uniforms, that more resemble a rack of tools in your local hardware store than the Bobby on the beat.

Continue reading

Video: Dispossession: The Great Social Housing Swindle

24 June 2017 — Dispossessionfilm.com

For some people, a housing crisis means not getting planning permission for a loft conversion. For others it means, quite simply, losing their home. Dispossession: The Great Social Housing Swindle is a feature documentary directed by Paul Sng (Sleaford Mods – Invisible Britain) and narrated by Maxine Peake, exploring the catastrophic failures that have led to a chronic shortage of social housing in the UK.

Continue reading