The causes of the 2008 crash

It’s always worth looking back. We are seeing a new economic crisis burgeoning in China. The yuan has been devalued, the stock market has sunk deep and now interest rates are being slashed to try and boost lending. In this case, we should look back to 2008 – as it was the last crisis, and we’ve yet to recover from it – to see what forces led to the crash. To understand where we’re going we must understand where we have been already. According to David Harvey, the causes of the 2008 financial crisis can be divided into six major factors: 1. The … Continue reading

Why Jeremy Corbyn must win

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A month ago I registered as a ‘supporter’ of the Labour Party in order to vote for Jeremy Corbyn. Go on, call me a soft reformist. I shan’t blame you. However, I don’t waste time with illusions as I don’t expect to transform the party into a socialist bulwark, on the contrary, Labour has been on the road to Pasokification for a long time. Nor do I expect to defeat austerity in doing so. I hope to kick the prevailing discourse from the Left and put the fear of the risen Christ into the ghastly Blairites. It may even be … Continue reading