Born OTD in 1928, American linguist, philosopher, historian & social critic, Noam Chomsky. Chomsky has been a huge influence on my life since I first discovered his work back in the mid-90’s and how, sadly, little has changed in terms of manufacturing consent and the so-called left adopting neoliberalism in the, ‘There Is No Alternative’ narrative.

In “Profit Over People,” Noam Chomsky takes on neoliberalism: the pro-corporate system of economic and political policies presently waging a … More

Costas Lapavitsas contends that the EU’s response to the Eurozone crisis represents the ultimate transformation of the union into a neoliberal citadel, which institutionally embeds austerity, privatisation and wage cuts. Concurrently, the rise of German hegemony has divided the EU into an unstable mixture of wealthy core and dependent peripheries.

These related developments make the EU impervious to meaningful reform, particularly as its institutions are fundamentally designed to uphold the … More

Much has been written about Britain’s trailblazing post-1970s privatization program, but the biggest privatization of them all has until now escaped scrutiny: the privatization of land. Since Margaret Thatcher took power in 1979, and hidden from the public eye, about 10 per cent of the entire British land mass, including some of its most valuable real estate, has passed from public to private hands. Forest land, defence land, health service land and above all else local authority land for farming and school sports, for recreation and housing has been sold off en masse.

Why? How? And with what social, economic and political consequences? The New Enclosure provides the first ever study of this … More

Global finance is a system that works for the few and against the many. We need finance – but when finance grows too big it becomes a curse. The City of London is the single biggest drain on our resources; it sucks talent out of every sphere, it siphons wealth and hoovers up government time. Yet to be `competitive’, we’re told we must turn a blind eye to money-laundering and appease big business with tax cuts. We are told global finance is about wealth creation; the reality is wealth extraction.

Tracing the curse back through economic history, Shaxson uncovers how we got to this point. He exposes offshore tax havens; … More

The turbulence of the financial markets is often explained in terms of the immorality of market agents, misguided economic theory or unsuitable regulation. Even when these explanations are not false ones, they leave aside the main problem: the nature of financial value. Starting out from the concept of fictitious capital, Cedric Durand argues that finance pre-empts future production, appropriating for itself wealth that is yet to be created.

  Using comparative data covering the last four decades, he shows that the rise in private and public debt, the … More

In this fast-paced, streetwise take on eighties London, boundaries blur between the cocaine trade and newly deregulated financial markets. High and low life don’t look so different, as everyone tries to make a killing. Barker’s portrait of a cynical, money-hungry culture skewers a moment in history that for good or ill (and mostly for ill) made Britain what it is today.

Carol is a small-time cocaine dealer in 1987 London. On her own with a young daughter, she is a good … More