The latest thoughts and insight from Paul Mason, Economics Editor for Channel 4 News
Last night Mark Carney, governor of the Bank of England, issued a stark warning about the future of capitalism. Here is what he said: “The global economy risks becoming trapped in a low growth, low inflation, low interest rate equilibrium.”
Quite simply the radical progressive sentiment that’s swept Greece, Spain, Scotland and the British Labour movement has now hit America.
If you have a pension, or a string of ISAs, then you are watching – for the second time in a decade – your wealth destroyed. European stock markets are now 20 per cent off their peak in
Were my father and grandfather alive, while regretting the way it’s been done, both of them would have raised a glass to the end of deep coal mining.
In a shock reversal, Labour is to vote against the government’s proposed charter for budget responsibility.
Redcar could be – yet again – the canary in the coalmine for a global problem. For what 2008-9 told us is: every time there’s a major credit event, the steelworks on Teesside
It was the unswayability of the left vote that put Alexis Tsipras straight back into the prime ministerial mansion he resigned from a month ago, calling a snap election.
Alexis Tsipras’ final election rally had the usual soundtrack and familiar props but a different cast. After more than a fifth of his MPs split to form a new left party, the inner core of
The appointment of John McDonnell as shadow chancellor was the clearest signal Jeremy Corbyn could have sent. At the heart of the shadow cabinet there will be a group that buys Corbynomics.
It’s the size that matters. What political scientists knew, but the media didn’t bother knowing, is that the Labour Party’s membership changed under Ed Miliband.