Each time this modern variant of financial capitalism gets ahead of itself, the main players – who are usually content pocketing excessive profits – always come running back for life support from the state.
The privatise the gains, socialise the losses story. Repeated.
The world has never been better. From global poverty to inequality between nations, all the indicators are showing progress. This is a comforting narrative – popularized by the likes of Bill Gates and Steven Pinker. […]
A decade of austerity shredded public services and left millions of workers on the brink. It would be hard to imagine a policy more destructive to our capacity to respond to the coronavirus crisis. Read […]