The Single Market is at the heart of the EU project. According to European Commission, the bureaucracy that administers EU law and regulations, the Single Market “… refers to the EU as one territory without any internal borders or other…
FT slams IMF neoliberalism critique
The Financial Times today slammed the IMF’s criticism of neoliberalism as “navel-gazing” that is out-of date and dangerous. “…neoliberalism has become the catch-all criticism of unthinking radicals who lack the skills of empirical argument,” the Financial Times said in a…
IMF report challenges austerity and capital market deregulation
An article in the June edition of the fund’s quarterly Finance & Development magazine said some neoliberal policies have increased inequality and this is jeopardising durable expansion. The article was written by three economists in the IMF’s research department. They…
Trade unions in the age of intangibles
TUC general secretary Frances O’Grady TUC general secretary Frances O’Grady said at a public lecture at the London School of Economics in May that trade unions face major challenges including the decline in manufacturing and the rise of internet-based business…
Finkelstein and capitalism
In an article published by The Times earlier this month, Conservative Party supporter Daniel Finkelstein argued “There is no alternative to capitalism, comrade.” It echoed the point made previously by Peter Kellner, a Labour Party supporter, in The New Statesman.…
Railways and the rise of the service economy
New figures show that 1,625m passenger journeys were made on UK railways in the 12 months ending September this year. This compares with 800m in 1997. Some argue this shows the success of railway privatisation brought about by the Railways…