Criminogenic environments like the City of London

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On the Daily Politics and the Sunday Politics recently, Andrew Neil has referred to how journalists do not report on the financial sector.  That he feels this to be a lack was also suggested by his treating Max Keiser with … Continue reading

Myth Busting: The Coalition Cut the Deficit by a Quarter

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Myth Busting: The Coalition Cut the Deficit by a Quarter by MarxistNutter First posted on Politics Worldwide January 28 2013   As the economic failures of the coalition government become more and more apparent they are driven to hide behind increasingly … Continue reading

The Bedroom Tax: The Unkindest Cut of All?

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by Jim Grundy On 1st April 2013, a little under 1,000 Ashfield District Council tenancies will be subject to the new ‘Under-Occupancy Charge’, more commonly known as the ‘Bedroom Tax’. It is difficult to imagine a worse policy, even from … Continue reading

PRODUCTIVITY CRISIS IN THE BRITISH ECONOMY

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First posted on Tuesday, 22 January 2013 at Socialist Economic Bulletin Productivity Crisis in the British Economy By Michael Burke The Office for National Statistics reports that productivity has fallen again the 3rd quarter of 2012, the fifth consecutive quarterly decline … Continue reading

Are we heading to an economic crash in the next few years?

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Quote of 2013 – “Marx was too optimistic about banking” Why? Because although he described banks as parasitic, Marx believed that they would eventually evolve such that they would: ‘make productive loans to finance industry. The aim was for banks to … Continue reading

20 YEARS OF LOST OUTPUT

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  First posted Monday, 14 January 2013 at Socialist Economic Bulletin 20 YEARS OF LOST OUTPUT By Michael Burke The Office for National Statistics (ONS) reported the latest data on industrial production as: ‘Production rose by 0.3% between October and November. Within … Continue reading