August 2, 2012 § 3 Comments
One of Israel’s favorite selling points, in its campaign to rebrand itself and divert attention from its ongoing theft of Palestinian land by means of ethnic cleansing, military control and apartheid policies, is its claim to world leadership in medicine. The problem with this line of apartheid PR is, of course, the failure to mention the control the state of Israel has over the Palestinian healthcare system.
Captive Economy, a new report by Who Profits investigates the involvement of Israeli and multinational pharmaceutical industries in the occupation of Palestinian land.
July 23, 2012 § Leave a Comment
by John Gray
“I can see us as water-spiders, gracefully skimming, as light and reasonable as air, the surface of the stream without any contact at all with the eddies and currents underneath.”
That was how John Maynard Keynes, speaking in 1938 in a talk later published as his brilliant memoir My Early Beliefs, recalled his younger self and his friends in the Bloomsbury Group as they had been in the years before World War I.
The influential Cambridge economist has figured prominently in the anxious debates that have gone on since the crash of 2007-2008. For most of those invoking his name, he was a kind of social engineer, who urged using the power of government to lift the economy out of the devastating depression of the 30s.
That is how Keynes’s disciples view him today. The fashionable cult of austerity, they warn, has forgotten Keynes’s most important insight – slashing government spending when credit is scarce only plunges the economy into deeper recession.
What is needed now, they believe, is what Keynes urged in the 30s – governments must be ready to borrow more, print more money and invest in public works in order to restart growth.
But would Keynes be today what is described as a Keynesian? Would this supremely subtle and sceptical mind still believe that policies he formulated long ago – which worked well in the decades after the World War II – can solve our problems now?
June 29, 2012 § Leave a Comment
From Christopher Lydon’s outstanding Radio Open Source: A fascinating conversation with John Lanchester, editor of the London Review of Books and author of the new novel Capital.
John Lanchester has written a sprawling neo-Dickensian novelCAPITAL about London in the age of funny money and the crash of 2008. He got the germ of it five years ago, noticing a parade of “florists, dog-walkers, pilates instructors” on his own once-modest street south of the Thames, being radically made-over for bankers and the blooming investment-services class — “manifestly symptomatic,” as he says, “of a boom that would turn into a bust.” Like Bleak House or Our Mutual Friend, CAPITAL has what the Brits call a “state of the nation” feel, delivered in the voice attributed to Dickens of the “special correspondent for posterity.” But of course he’s illuminating an affliction gone global by now, describing life as lived in New York, too, or Shanghai, or Boston for that matter. One moral that Lanchester has given his tale is: “We are not in this together,” inverting the Tory slogan. In conversation he adds a touch from the Gospel of Mark: “To them that hath shall be given.” I marvel at how casino capitalism and its costs come clearer, stranger, more ridiculous, more destructive, more outrageous in fiction than in fact – how the right novels can feel truer than the news.
June 22, 2012 § Leave a Comment
Democracy Now interview Joseph Stiglitz on his new book The Price of Inequality, which follows a similar theme to his Rolling Stone article Of the 1%, By the 1%, For the 1%.
June 4, 2012 § Leave a Comment
June 1, 2012 § 1 Comment
Nobel laureate Paul Krugman takes down a fat cat Tory donor Jon Moulton and a Tory MP Andrea Leadsom on BBC Newsnight, comprehensively demolishing their arguments for austerity and cuts.
May 11, 2012 § Leave a Comment
February 18, 2012 § 1 Comment
David Frost speaks to Alex Salmond on Scottish Independence and Paul Krugman on the private debt crisis.
Many Scots now want to leave the UK, but will it be enough to win a referendum on independence in 2014? Sir David Frost speaks to the man who has led the movement for independence, Scotland’s first minister, Alex Salmond.
December 29, 2011 § Leave a Comment
One of Britain’s leading social epidemiologists, Richard Wilkinson, looks at what it means to live in a new age of inequality. Wilkinson is the co-author of the groundbreaking, international bestseller The Spirit Level: Why Equality is Better for Everyone.
December 4, 2011 § Leave a Comment
In August, at Marxism 2011, Richard Wilkinson gave the following talk on his book, co-authored with Kate Pickett, The Spirit Level: Why Equality is Better for Everyone.