Economics

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Food, profits and chemicals 

When you mention “the politics of food”, most people look at you askance. Through no fault of their own, they have never been told about the crucial links of consumerism, politics or economics to food and its production.  They certainly know about the Thatcherite “hand-bag” economics. The ever-rising cost of […]

Economics

Bubbles and Stagnation

The supposed dynamism of capitalism, a system celebrated for its unrelenting drive towards production and accumulation, is now facing another unravelling of its contradictions. The mirage of a post-pandemic recovery has stalled, revealing a toxic brew of stagnating growth, persistent inflation, and an out-of-control tech and AI bubble: classic stagflation […]

Economics

Prospects for Capitalism in 2025

The trajectory of the global capitalist economy reveals a deep and persistent malaise. Since the Great Recession of 2008-2009, G7 economies have failed to regain their former dynamism. The acute yet temporary recession triggered by the global pandemic has only exacerbated this long-term trend. Across the G7, metrics for business […]

Economics International Letters

Trump World

The election last month of Donald Trump as President of the United States of America has received extensive media coverage. Much of the reporting has, understandably, focused on the individual and his idiosyncratic, even eccentric behaviour. How did such an unconventional character manage to persuade a majority of Americans to […]