Steve McKenzie (Unite Community member – Lewisham, Greenwich, Bexley) answers this question using a Marxist classic – Wages Prices and Profit – that can be
Category: Economics Archive
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Surviving the Pay Squeeze: Panorama documentary.
Mark Langabeer (Hastings and Rye Labour member) watched the recent BBC1 Panorama broadcast (watch here). BBC reporter Ros Atkins asked why are there so many
By Michael Roberts Stock markets are jumping back up today. It seems that financial investors think the monetary authorities and banking supervisors have got the
[Editorial Note: although this is a much longer read than most Left Horizons articles, we are publishing here the full text of the report produced
Hundreds of thousands of workers took strike action on Wednesday, Budget Day. Protesting against the relentless erosion of their living standards, strikers included rail workers,
By Michael Roberts As I write, US regional banks stock and bond prices are diving. And a major international Swiss bank, Credit Suisse, is close
By Michael Roberts Last week, US Fed Chair Jay Powell gave testimony to the US Congress on inflation and Fed monetary policy. He spooked financial
By Michael Roberts On Friday, Californian bank Silicon Valley Bank (SVB) became the largest bank to fail since the 2008 financial crisis. In a sudden
By Michael Roberts This article was originally published on 5 March 2023, the first day of China’s annual National People’s Congress, by Michael Roberts on
By Michael Roberts Mariana Mazzucato and Rosie Collington are authors of The Big Con: How the Consulting Industry Weakens our Businesses, Infantilises our Governments and
