Tag: finance

#Crapitalism: Lehman Brothers: 10 Years On

10 years ago today, Lehman brothers, one of the US’ largest and oldest banks, collapsed. The bank had $600m worth of assets on its books, making its bankruptcy the largest in American history. We all know what happened next. Grace Blakeley examines the 2008 financial crisis.
Does High Private Debt Hold the Seeds of a New Recession?
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.
Taking It Back: Public Ownership in the 21st Century
On #NovaraFM, James Butler is joined by Grace Blakeley, Aaron Bastani and Michael Walker to discuss public ownership from nationalisation to socialisation – and what a truly democratised economy might look like.
The Emperor’s Clothes: How Do Markets Value Companies?
Following the collapse of Carillion and Capita, as well as the recent volatility of the US stock market, it's time we started looking at how markets do business - and in whose interests.
Exposing London’s Dirty Energy Complex: 5 Companies (and Industries) Causing Climate Change
Climate change is being driven by more than just big name oil and gas firms like BP. A whole network of industries contributes to and relies on environmental destruction. Here are five of the worst offenders based in London.
Brexit, Labour, Immigration & Trident – Paul Mason in conversation
Aaron Bastani talks to journalist and filmmaker Paul Mason on immigration caps, keeping trident and why he ditched mainstream TV journalism to rally behind Labour under Jeremy Corbyn.
‘This is a very British coup’ – John McDonnell
Shadow Chancellor John McDonnell sits down with Aaron Bastani to talk ‪#‎CorbynCoup‬, freedom of movement and transforming the Labour Party into an anti-austerity party.
IMF Report: For a System of Stability, Capitalism is a Risky Business
As the IMF strives towards restoring market ‘confidence’ amidst growing boom and bust and the worsening effects of climate change, it’s time to ask: when does confidence begin to look like foolishness?
The Establishment’s Revolving Door: the View from Portugal
In 2014, Arrow Global bought up £900m of UK student debt through its subsidiary Erudio. Big in Portugal, Arrow has been hoovering up the profits from the collapse of Banif bank. The minister who oversaw Banif's failed bailout is now a director for Arrow.
Osborne’s Cocktail of Threats – Crisis 2016?
What are the ingredients of the Cocktail of Threats? Aaron Bastani on why George Osborne is suddenly so keen to ring the alarm about the UK economy.
Interview: Yanis Varoufakis
Former Greek Finance Minister Yanis Varoufakis sits down with Aaron Bastani, discussing everything from Nigel Farage to 'libertarian marxism' and the future of capitalism.
Osborne’s budget ‘surplus lock’ is a scam to encourage more borrowing from the City
George Osborne's proposed budget 'surplus lock' will commit future governments to running surpluses when the country is not in recession. Not only will it restrict future public spending, it will channel public money into City banks.
Greece Say ‘Oxi’, Populism Is Back!
Aaron Bastani responds to the dramatic result of last weekends referendum on austerity in Greece and looks to the rest of Europe and the upcoming British referendum on EU membership for signs of a new wave of populism.
How Local Authority Debt is Draining Millions from Public Funds
Inspired by similar campaigns in Spain, Greece and the global south, Debt Resistance UK has delved into the finances of local government to show how the financial system is siphoning public money into private pockets.
Why Is Britain A Post-Industrial Economy?
Aaron Bastani explains how Britain changed from a manufacturing economy to a service-dominated economy.
Indignant… to what end? Private Island Reviewed
Tom Blackburn reviews Private Island, the latest release by writer and Novara FM guest, James Meek.
Interview: David Harvey
Professor David Harvey talks to Aaron Bastani about capitalism, crisis and social movements post-2008.
“Money is a lie”: Bez and the morality of debt
If work if the religion of secular society then debt is its sin. For evidence look no further than early daytime television, and this telling exchange between a self-styled 'consumer champion' and the Happy Mondays' maracas man.