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Tag: financial crash

David Graeber debt jubilee

Analysis: David Graeber Was Right: A Debt Free World Is Possible

by Andrew Ross

David Graeber played a vital role in the debt cancellation movement, showing everyone, from activists to policymakers, that mass debt cancellation is not only possible now, it's been happening for centuries. This is the first article in our series exploring the life and ideas of David Graeber on the first anniversary of his death.

Jeremy Corbyn meets supporters in Middlesbrough, 11 December 2019.

Analysis: Generation Left Might Not Be That Left After All

by James Meadway

The left is wrong to take young people’s support for granted, writes James Meadway.

Opinion: No, the Tories Aren’t Ever Going to ‘Balance the Books’

by Aaron Bastani

This year’s deficit could be three times higher than that of 2009-10, at the height of the global financial crisis. For Rishi Sunak to talk of paying down the debt is not only a retreat to cliché - it’s a withdrawal from reality, argues Aaron Bastani.

Opinion: The Real Reason Lockdown is Ending? Our Broken Economic System Has No Alternative

by Aaron Bastani

As Britain feigns a return to normality, it’s increasingly clear that the economy matters more to this government than human life. Aaron Bastani argues we aren’t exiting lockdown because it’s safe, but because there's no other option for our already broken economic system.

Opinion: The Covid Financial Crisis Will Require a Much Stronger Response Than the Last Crisis

by James Meadway

The coronavirus pandemic is bringing with it a financial crisis on a scale far beyond the crisis of 2008, writes James Meadway, and weathering it requires stronger action than anything we've seen in recent history.

A Measly Fine for RBS Shows Just How Little We’ve Learnt From the Financial Crisis

by Grace Blakeley

Today the Royal Bank of Scotland agreed to pay a settlement of just $5bn to the US government over its activities in the run up to the financial crisis. Grace Blakeley explains why issuing fines to the ‘bad’ banks won’t do anything to curb the voracious greed upon which our financial system is built.

Long Read: “These Guys Are Either Incompetent or Dishonest” – Betting Against the Bank of England

by 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.