In February 2018, Jeremy Corbyn accused bankers of taking the economy hostage, and said in a speech that Britain’s financial sector will be “the servant of industry not the masters of all” if the Labour Party wins the next election. How realistic is that promise? In this lecture Ann Pettifor will argue that given the dependency of the finance sector on the largesse of the state and its taxpayers, a Labour government could transform the relationship between finance and industry.
Related Articles

Economics
Aufhebungabunga: Branko Milanović – What was Communism?
September 11, 2022
Mathew D. Rose
Economics, Finance, Globalisation, Inequality, National Politics
0
Aufhebungabunga talks to renowned Serbian-American economist Branko Milanovic about growing up in Yugoslavia and how, in much of the world, History never ended. We then dedicate much of the episode to discussing Branko’s claim that […]

EU politics
Heiner Flassbeck: ‘The Model Economy’ in Germany is Growing a Class of Working Poor
In The Real News Network General election campaign is in full swing in Germany but little attention is being paid to the high proportion of working poor explains economist Heiner Flassbeck. View

Geopolitics
Alastair Crooke, Glenn Diesen: Russia’s Patience Is Over, Escalation Begins
29 September 2025
Be the first to comment