We are told that what lies behind Cameron and Clegg’s £80 billion (one billion is 1,000,000,000) of cuts and £30 billion of tax rises that we face over the next three years is the fact that the money is not there to support our public services and spending? We are running up a huge debt [...]
The global stock market roller coaster ride over the last few weeks which has seen the UK stock market fall by 13% from its’ May 2011 peak tells us one thing: the world economy is heading for a recession, in effect a double dip one that has its roots in August 2007’s crisis of credit [...]
By Ralph Blake The public debt crisis that is currently at its deepest in the Eurozone has its roots in the general crisis of capitalism. To attempt to solve capitalism’s crisis of the 1970s and the dynamic path it has followed since then vast amounts of credit were made available over the last three decades. [...]
