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Tag: Global Financial Crisis

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.

Analysis: Pandemic Insolvency: Why This Economic Crisis Will Be Different

by Bue Rübner Hansen

Many states - now including the UK and US - are beginning to act in ways that contradict not just the neoliberal script, but the crisis management strategies of the global financial crisis. Bue Rübner Hansen asks why.

Opinion: Coronavirus Will Require Us to Completely Reshape the Economy

by 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.

Long Snake Moan: How Capitalism’s Productivity Failure Is Driving Debt and Speculation

by James Meadway

New research suggests the digital economy isn't providing many solutions to capitalism's productivity crisis. Increasingly, large companies are turning to subscriptions and data for profit, hoarding what they can along the way.

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.

False Sense of Securities: The Financialisation of the Housing Market

by Tom Feary

Blame for London’s shortage of affordable housing tends to be directed towards greedy developers or exploitative foreign cash buyers who leave luxury flats vacant all year round. These actors, however, are part of a much wider process of the financialisation of the housing market.

NovaraFM: The Production of Money: In Conversation with Ann Pettifor

On this week's NovaraFM James Butler and Aaron Bastani are joined by Ann Pettifor, author of The Production of Money.