Over half of the super-prime market is now owned by foreign wealth, funds and individuals – looking to make money by simply parking it there while stock markets and other forms of investment offer scant reward or sleepless nights.
Capitalist perpetrators of the crash are intent on using the opportunity provided by austerity to divert political and economic power to compliant nation states and emergent para-sovereign bodies, such as the EU Troika, that operate outside the constraints of democratic control and public accounta
The argument about students holds that there should not be a direct public subsidy of a private beneficiary. But on the impact agenda the situation is reversed. Here the Government’s view is that there should not be public funding unless there is a private beneficiary and that that beneficiary sho
Funded by their sympathisers in business and corporations, the neoliberals worked at promoting that programme, slowly but surely, to people in a position to put it into practice. Lots of people feel helpless and powerless in the face of neoliberalism because they are helpless and powerless.
The desire to see neoliberalism as the ’70s ruination of an earlier public consensus, is a desire to which state-backed capital is all too willing to direct us.
An ideology which promised to liberate us from state socialist bureaucracy has instead imposed a bureaucracy all of its own. This only looks like a paradox if we take neoliberalism at its word.
Credit isn’t extended to help people get ahead. It’s the means for producing securitizable debt, which means financialization (one of the key features of neoliberalism) needs poor people, poor people cut off from public services and left to fend for themselves.
An insider glimpse of the conference that inspired this week's theme, plus an outsider view.
It is a commonplace that since the 1970s, capitalism has left the western working class as roadkill on the road to globalization. What is new about our contemporary moment is that the same is increasingly true for the Euro-American middle class.
This week’s guest editor, Claire Westall, a Lecturer in English and Related Literature at the University of York, guides us through the argument this week:
