The global financial crisis shook the global economy in 2007/2008 and its fallout can still be felt in the form of high unemployment, permanent austerity and wage stagnation. In the immediate aftermath, many started to question the neo-liberal assumptions about the benefits of the ‘free market’. Had it not been the deregulation of financial markets and here in particular the financial markets in the US, which had caused the crisis in the first place? And yet, almost ten years later, neo-liberal economics continues to reign supreme. In this blog post, I will assess the strange non-death of neo-liberal economics and its implications for the politics of the British Labour Party under Jeremy Corbyn and John McDonnell.
Saturday, 9 December 2017
Friday, 1 December 2017
On Monday, 27 November Ben Selwyn from Sussex University gave the Annual Lecture 2017 of the Centre for the Study of Social and Global Justice (CSSGJ). In his excellent lecture, Selwyn drew heavily on his new book The Struggle for Development (Polity, 2017). I will reflect on some of the key themes in this blog post including labour-centred development and the possibility of system transformation through democratisation of the economy.
Thursday, 23 November 2017
In the morning of 14 November, the Living Wage/Anti-casualisation campaign at Nottingham University held a big ‘clean-in’ protest in the courtyard of the main University building (Nottingham Post, 14 November 2017). The broad alliance of campus trade unions, student societies, Students’ Union officers and Nottingham Citizens called ‘on the new Vice Chancellor, Shearer West, to “do the right thing” and commit the university to paying all its staff, including cleaners and other low paid workers, the Living Wage’ (Andrea Oates, Ceasefire, 15 November 2017). In this blog post, I will present several of the speeches by students, supporting the campaign.
Friday, 17 November 2017
At a launch of his new book Out of the Wreckage, jointly organised by the Five Leaves Bookshop and the Centre for the Study of Social and Global Justice (CSSGJ) at Nottingham University, George Monbiot reflected on the possibilities for a new politics in an age of crisis. In this blog post, I will discuss some of the points he made during his presentation.
Thursday, 26 October 2017
Despite increasing inequality and social deprivation in Europe since the onset of the global financial crisis in 2007-8, right-wing parties, such as the French Front National and the German Alternative for Deutschland, have benefited the most in recent elections. Does the electoral failure of the Left indicate that there is no progressive resistance against austerity and neo-liberal restructuring in Europe? Not so say the authors of Beyond Defeat and Austerity: Disrupting (the Critical Political Economy of) Neoliberal Europe. In this blog post Andreas Bieler and Adam David Morton provide a critical review of the book and some pointers as to wider debates that it may inform.
Monday, 16 October 2017
Thursday, 5 October 2017
While US President Trump has lent his ears to climate change deniers, huge storms of unknown ferocity have caused widespread havoc in the Caribbean and parts of the USA. In this guest post, Alan Simpson calls for a new economic model that reconnects people to planet and weather to climate. What is required, he argues, is a fundamental rethink of markets, ecosystems, inclusion, security, interdependency and accountability.