Anti-economist Steve Keen on the UK election

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In the run up to the UK General Election, I interviewed self-professed ‘anti-economist’ Steve Keen on the state of the British economy, the chances of a Labour victory and the future of politics after Brexit. This is the first of a two part interview. WHITE: As the UK goes to vote, the economy is the key question and the recent past will likely shape how people may vote. How would you describe the state of the UK economy? KEEN: It’s recovered partially from the financial crisis, but because none of the people in authority know what actually caused the financial … Continue reading

Making London a city-state

In recent years, there has been plenty of talk of devolving powers to London thereby allowing the city to exempt itself from the same tax rate and regulatory measures as the rest of the UK. It’s not surprising that the case for decentralisation should be made on such grounds. London is the centre of political and economic power in the country. But it is also the city of squats, warehouse raves, hipster cafes and the liberal commentariat. It’s clear why special powers for London may be resented by the rest of the country. However, it’s also the case that the … Continue reading

Labour turns left

'Workers of the world unite!' | JT White

So Jeremy Corbyn is now the leader of the Labour Party. Tom Watson stands by his side as deputy leader. The results for the Labour mayoral candidate came out the day before, where standard-bearer Sadiq Khan ran on a ‘soft left’ platform and defeated Tessa Jowell. These events fit with a reorientation in Labour politics. It came from the grass-roots upwards. The party machine was caught completely off guard and now it responds with absurd tantrums. True reactionaries can see it for what it is. “Do all the attackers of Jeremy Corbyn not see that his supporters thrive on their … Continue reading