Politics got weird because neoliberalism failed to deliver

Ian Welsh says that the USSR collapsed because its promises -- "a cornucopia and a withering away of the state" -- conspicuously failed to materialize; now, neoliberalism's promises ("If the rich have more money, they will create more jobs; Lower taxes will lead to more prosperity; Increases in housing and stock market prices will increase prosperity for everyone; Trade deals and globalization will make everyone better off") are likewise being shown to be lies, and so we're in crisis. Read the rest

Conservative economics: what's happened to the UK economy after a year of Tory rule

It's been a year since David Cameron's Tories took control of the UK Parliament with a majority that gave their free rein to govern UK, plc to their taste. Read the rest