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: ownership
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 […]
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 […]