The collapse of Carillion, which made its money by sucking resources out of the public sector, begs the question: What use to society is the private sector of capitalism, when all is said and done? Hospital building, road and rail construction sites have halted. Emotions are stirring as the inevitable results of opening public services […]
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Tag: cooperative
The UK’s ‘economic model’: what it is an
With the Tories in increasing disarray and Labour leading in the polls, Jeremy Corbyn hammered home his party’s advantage at the Cooperative Party’s 100th anniversary conference. Corbyn wryly welcomed chancellor Philip Hammond’s warning that Labour poses an “existential challenge to our economic model”. “Yes we do,” he responded emphatically, adding: “I am not […]
Economy close to fatal debt overdose
Over the past year household incomes in the UK grew by just 1.5% but outstanding car loans, credit card balances and personal loans rose by 10%. That 8.5% gap is one measure of the increasingly difficult task most people face of putting food on the table, keeping warm in winter, paying for rent and travel. […]
Getting beyond capitalism’s grip on the
Since the 1970s, global agencies, mostly set up to restore the economy in the wake of the World War Two, together with corporate lobby groups have promoted the neo-liberal faith. Everyone everywhere experienced the push for privatisation, fiscal austerity, deregulation, supposedly “free” trade, and reductions in government spending in order to increase the role of […]
A cooperative model, not hedge-funding f...
Debt from hedge funds to ease the squeeze in the NHS? This madly dangerous proposal comes from Jim Mackey, chief executive of NHS Improvement. His big new idea is for the NHS to take advantage of historically low interest rates and bypass the Tory stranglehold. The NHS already pays £2bn a year in charges on Private […]