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.