Novara Live: The Coronavirus Crash (With Adam Tooze)
As economies around the world go into deep freeze, Aaron Bastani is joined by economic historian Adam Tooze to discuss the scale of the downturn and what it means for modern capitalism.
Tag: Economy
Opinion: From Geopolitics to High Streets, Covid-19 Will Change Everything. Here’s Why.
Aaron Bastani
When Covid-19 is eventually defeated the whole world will be very different. In its wake we must create a collective sense of purpose, writes Aaron Bastani, a shared desire to build something better than what came before.
Opinion: We Must Democratise Our Economy or Face an Era of State Monopoly Capitalism
Grace Blakeley
The Covid-19 pandemic is epoch-defining, writes Grace Blakeley. It could herald the end of the era of finance-led growth, and the beginning of state-monopoly capitalism. Socialists must adapt or face another lesson in disaster capitalism from the right.
Opinion: Without Bailouts Most Airlines Will Be Bankrupt by the End of May
Aaron Bastani
Between the pressures of the Covid-19 outbreak, and the perils of climate change, the very nature of commercial aviation may be transformed in the coming years, writes Aaron Bastani.
Opinion: Coronavirus Will Require Us to Completely Reshape the Economy
James Meadway
This crisis will require more than money to resolve; it will require the restructuring of our economy. This will be done either to the benefit of people and the planet, or it will not be, writes James Meadway.
Opinion: The 2020 Budget Shows the Tories Are Playing by New Rules
Aaron Bastani
Did Rishi Sunak just end austerity? No. Is Britain adequately preparing for the panoply of crises set to define the coming decades? Also no. But make no mistake, writes Aaron Bastani, this was the first Tory budget since 2010 to abandon the neoliberal frame of ‘necessity', demonstrating how Labour under Corbyn won certain arguments.
The Bastani Factor: Are the Tories Actually Strong on the Economy? 🤔
The Tories like to present themselves as the party of economic credibility. But after nine years in power is that really true?
Novara Live: Are Bankers Scared of Corbyn? We Asked Them.
If Labour get into power…. 📉THE POUND WILL CRASH! 💸THE BANKERS WILL FLEE! But is this true? Michael Walker went to the City of London to see if bankers are really scared of Corbyn.
GE2019: This Is Labour’s Chance, the British Public Is Ready for Economic Transformation
Aaron Bastani
Is the public ready for once-in-a-generation change in how we run the economy? Recent polling would indicate so. Indeed more than just primed for an age of reform - whether it’s building a green economy or corporations having to share profits with their workers - they are positively grasping for it.
What is Going on in Venezuela?
Aaron Bastani
Last week the US recognised Juan Guaidó, head of Venezuela’s National Assembly, as the country’s rightful president, demanding that Nicolas Maduro immediately step aside. Aaron Bastani explains what is going on in Venezuela, and how the left should respond.
Wonga Might Be Uniquely Unscrupulous, But the Whole Commercial Banking System is Out to Get Us
Grace Blakeley
With infamous payday lender Wonga on the brink of collapse, Grace Blakeley argues the company's business model may seem uniquely exploitative but its practices are merely an extreme version of a more general trend.
Long Read: “These Guys Are Either Incompetent or Dishonest” – Betting Against the Bank of England
Ben Tippet and Jack Browne
When it comes to interest rates, the only thing reliable about the Bank of England’s predictions is that they’re consistently wrong. In this week's long read, Ben Tippet and Jack Browne talk to an ex-Citibank insider who bet against the Bank of England's financial forecasts - with lucrative results.
Little Evidence Corporation Tax Scares Off Multinationals, Says Report
Grace Blakeley
A new report from IPPR exposes the myth that corporation tax hikes lead to big businesses relocating. Instead, the report argues, new measures - and higher taxes - are necessary to bring in the tax the public is owed.
Does High Private Debt Hold the Seeds of a New Recession?
Grace Blakeley
This government has relied on cheap private credit to keep the economy afloat, but continued growth in household debt is just adding to the problem that contributed to the last financial crisis.
IMOBastani: A Broken Economy
This week’s PMQs revealed just how badly the Tories are managing the British economy
IMOBastani: Britain’s Economy Is in Meltdown
In all honesty Britain’s economy is absolutely broken, ten years ago it was common to hear of a lost decade for Japan and Italy, well the same has just happened to Britain on the things that matter like wages and productivity while the deficit, the one thing the Tories wanted to be measured by, is […]
IMOBastani: George Osborne abandons 2020 deficit plan – Austerity was always a political choice
Osborne scraps his 2020 deficit target citing Brexit - Aaron Bastani on why this was always ideological.
Warnings About the Consequences of Brexit Are Falling on Deaf Ears – Here’s Why
Luke Ilott
The Remain camp's reliance on people heeding the advice of this or that economic expert misunderstands the defiance many Leavers feel they're exercising in voting to 'take back control'.