A fairer society means breaking the big business stranglehold on politics

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Labour’s challenge to fight inequalities and rebuild democracy rests on addressing Britain’s ‘finance curse’ If the next Labour leader wants a fairer society, they must break the big business stranglehold on politics. by Nick Dearden Re-posted from openDemocracy 10.09.15 In … Continue reading

Antidote to Osborne’s fairytale economics

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Panel of leading economists discuss and debate the true state of the economy and the lies underpinning the Government’s austerity programme. The panel includes: Owen Jones, Journalist James Meadway, Senior Economist, New Economics Foundation Ann Pettifor, Prime Economics Micheal Burke, … Continue reading

Implications of TTIP for Financial Regulation of the Banks

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This excellent 6 minute video clip indicates the role of the City of London (the most criminogenic of global financial centres) in lobbying for the EU-US Free Trade Agreement, otherwise known as TTIP (TransAtlantic Trade and Investment Partnership). To date, … Continue reading

Mrs Thatcher was not the wicked witch of the west …

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The original story of the ‘Wonderful Wizard of Oz’ was allegorical… the wicked witch of the west represented the US West Coast banks of the 1890s… and the wicked witch of the east, the East Coast banks. (See the Money … Continue reading

The £93m City Lobby Machine and how lobbying (probably) works.

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Reblogged from The Bureau of Investigative Journalism Revealed: The £93m City lobby machine July 9th, 2012 | by Nick Mathiason, Melanie Newman and Maeve McClenaghan The British financial services industry spent more than £92m last year lobbying politicians and regulators in an ‘economic … Continue reading

US Bank regulator explains how Barclays manipulated the Libor Rates

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How Barclay Manipulated the Libor Rates Reblogged from New Economic Perspective First published 03.07.12 before the ‘resignation’ of Bob Diamond CEO Barclays Bank. Former US banking regulator, now lecturing at the University of Missouri, Kansas City, Professor Bill Black explains … Continue reading