Rachel Reeves just gave us a masterclass in how NOT to run a budget. We got leaks, U-turns, political theatre, but almost no real economic
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What do the Marxist opponents of MMT want?
Grace Blakeley has responded to my suggestion that she is wrong about modern monetary theory (MMT), saying: Thanks Richard – this confirms my assumption that
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MMT matters because it reveals power – and gives us back the right to choose
I think modern monetary theory (MMT) matters. That is not because it is perfect, because no theory is. Instead, it is because it explains something
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Why Grace Blakeley is wrong about MMT — and why that matters for the left
Grace Blakeley has replied to what I wrote about why parts of the left oppose modern monetary theory. In doing so, she has reinforced every
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Rachel Reeves is a truly reactionary Chancellor
Rachel Reeves’ Budget this week has several themes. She gave the City what it wanted. She spent almost nothing on anything that might add value
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The ultra-processed food crisis
Ultra-processed foods now make up at least half of all food sold in UK supermarkets. The Lancet has described them as a “corporate-engineered public health
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Did the 1970s really kill Keynes?
We’re told that the 1970s proved Keynesian economics failed, that inflation and unemployment could rise together, and only neoliberalism could fix it. But the truth
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The crisis in the news
The news is lying to you — and Britain is falling apart behind the scenes Every night, the lights are bright, the headlines loud —
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Nationalism: good or bad?
Nationalism can be a politics of care — about belonging, culture, and democracy — or a politics of control, built on fear and exclusion. In
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