Where there is monopoly, or the opportunity for egregious exploitation, or agency failure, then the case for free markets diminishes. Chris Dillow is an economics writer at Investors Chronicle. He blogs at Stumbling and Mumbling, […]
One of the few silver linings to the cost of living crisis has been the re-emergence of trades union power and the start of the Enough is Enough campaign. These could potentially be the start […]
Everybody knows that soaring utility bills will plunge millions of people into desperate poverty in the autumn. Even those who don’t care about those on low incomes, however, should worry – because such huge price […]
Economic policy is not made by a meritocracy in which the people with the best ideas get the most say. Nor of course is it a democracy in which we all have equal say. Read […]
This may be the UK, but it sounds like a number of other nations in Europe. The three lead candidates at the previous German election Scholz, Laschet, and Baerbock would all be right in there […]
There’s a nice and unremarked irony about the impending end of Johnson’s premiership – that he is being brought down by the same class structure that took him to Number 10. Read Here
Egregious rates of exploitation, inequality and poverty are not in the interests of at least parts of capital. They want some redistribution and a solution to the cost of living crisis not because of a […]
Of course, house prices are a deeply political issue. But let’s be clear what the division of interests is. It is not young versus old, but rentiers versus the rest of us. Read Here Photo: […]
Everybody’s talking about the cost of living crisis. Which poses the question: why are we not therefore also talking about recession? Read Here This file is made available under the Creative Commons CC0 1.0 Universal […]
Everybody says we have an inflation problem. Everybody is wrong. What we have is a relative price problem. Read Here Photo: Eric Kounce in public domain
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