Tag Archives: United Kingdom

Did Neoliberalism and Austerity Cause Brexit? Yes.

While the Brexit process is underway and UK politicians are tearing themselves apart over this overwhelmingly and multidimensionally complicated  issue, an economics professor from Warwick University Thiemo Fetzer provides ample and comprehensive evidence that the austerity-induced withdrawal of the welfare state brought about by the Conservative-led … Continue reading

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Ten years after the 2007-2008 global financial crisis – the human toll in the financial services sector

by Gregor Gall* Ten years ago this summer, the first rumblings of the thunderclap of what would become the global storm of the great financial crisis of 2007-2008 were heard. The first rumble to be heard was of the panic … Continue reading

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Genealogy of Capitalism and Sacred Economics in Victorian Britain

“Labour is Life: from the inmost heart of the Worker rises his god-­given Force, the sacred celestial Life-­essence breathed into him by Almighty God…”                                                      … Continue reading

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Career opportunities: the ones that never knock

      by André Vereta Nahoum A couple of weeks have passed since many countries celebrated on May 1st, Labour Day, alternatively named May Day, but the entire month is devoted to the celebration of the struggles and toils of … Continue reading

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Financialization as a state project

Financialization is a key feature of neoliberalism. It refers to the capturing impact of financial markets, institutions, actors, instruments and logics on the real economy, labor, households and daily life. Essentially it has significant implications for the broader patterns and functioning of an … Continue reading

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When public good exchanged to private gain: neoliberalism, higher education and social inequality

Public higher education has a long history, and with its growth it is associated with the extension of a social right to education from secondary schooling to university studies. Following the rise in student numbers since the 1970s, the aspiration … Continue reading

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Money is a mode of governance in a material world of capitalism

Money travels the modern world in disguise. It looks like a convention of human exchange – a commodity like gold or a medium like language. But its history reveals that money is a very different matter. It is an institution … Continue reading

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Rise like Lions after slumber in unvanquishable number, Shake your chains to earth like dew… Ye are many — they are few.

The political poem “Mask of Anarchy” was written by Percy Bysshe Shelley, following the Peterloo Massacre in 1819 when pro-democracy and anti-poverty protesters in Manchester were brutally dispersed by armed cavalry. This is a powerful call for freedom, political representation and … Continue reading

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Name and shame: Warwick University to outsource academics to a subsidiary

While revolts against the neoliberalization and commercialization of higher education have been sweeping Dutch universities and London universities, the University of Warwick (whose motto is “Mind moves matter”) is giving in to the dangerous logic of “profit above all”. The university management will be changing the … Continue reading

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Gender Inequality in the Labour Market in the UK

While women’s engagement and outcomes in the labour market have progressed, the work they do and the remuneration they receive does not reflect personal qualifications relative to men. Why? Gender Inequality in the Labour Market in the UK  provides an extensive … Continue reading

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Why the East India Company became the most powerful business‬ in history? Because it granted its employees the right to pursue their own commercial interests

Exploring trade network dynamics, decision-making processes and organizational context, in an extraordinary Between Monopoly and Free Trade: The English East India Company, 1600–1757 Emily Erikson (Yale University) demonstrates why the English East India Company was a dominant force in the … Continue reading

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Removing social support is necessary to compel the ‪‎poor‬ to work — what’s the origin of this erroneous political idea?

According to many neoliberal politicians and economists,  assistance to the unemployed and poor always creates more of the poverty it aims to alleviate; therefore removing welfare benefits and social support is necessary to compel the ‪‎poor‬ and unemployed to work.  What is the origin … Continue reading

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Scots, Save the Finance Capitalism!

It is fascinating to observe how the knights of the Neoliberal Globalism: economists (mainstream, sort of critical towards mainstream and those who sought repentance such as Jeffrey Sachs), the business elite, the nowadays’ robber barons, and their couriers in the … Continue reading

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Fascinating labor history: during September 1911 dozens children’s strikes were held across the UK and Ireland

Children’s strikes were part of the huge upheaval of labour in the long summer of 1911. The widespread industrial unrest then has often been written about, but children’s strikes are little-known. Mass walkouts of schoolchildren took place at least in … Continue reading

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“The left and Scottish nationalism”- what are the origins and implications of the left’s dalliance with Scottish independence?

“The left-wing case for Scottish independence now stands at the heart of the referendum battle, because it is ‪Labour‬’s core support that offers the only route to victory for the ‘yes’ camp. Strategically, this reliance on left-wing nationalism is both … Continue reading

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