Political Economy

Political Economy Theory

Capitalism and democracy

Democracy is a combination of two Greek words, dēmos (people) and kratos (rule). As societies change, some words wither away, some new words come into existence, and some words change meaning. Democracy has a broader meaning today than in ancient Greece. The democracy of the ancient Greeks had its limitations […]

Ireland Political Economy

Boom or bust?

In Ireland the rich are getting richer, the poor are getting poorer, and more people are falling into poverty every day. The Central Statistics Office is the statistical agency responsible for gathering information relating to economic, social and general activities and conditions. It collects and “analyses” this type of information […]

Featured Ireland Political Economy

New year, same problems

As we enter 2023, working people are still affected by long-standing problems: shortage of housing, crumbling health service, low wages, precarious work, spiralling rents, and growing inequality. Many of these conditions plague people in the Six Counties, with the added complication caused by British-imposed partition: sectarianism, a built-in unstable political […]

Current Affairs Ireland Political Economy

More of the same

“Buggins’s turn” is a disparaging term meaning appointment to positions by rotation rather than by merit. No Brownie points for identifying Leo “the-classified-file-sharer” Varadkar as the Dáil’s current Mr Buggins. Even the chronically right-wing Fine Gael-supporting Sunday Independent was unable to get excited about him swapping chairs with Micheál Martin. […]

Housing Ireland Political Economy

Privatising the Northern Ireland Housing Executive
—against evidence, against the working class

A major victory for the civil rights struggle in Northern Ireland was the removal of public housing from sectarian control through the creation of the Northern Ireland Housing Executive. The NIHE built up a reputation for building some of the best public housing in western Europe, and developing progressive engagement […]

Housing Political Economy

Public housing the solution

Government housing policy is the cause of the housing crisis. Homelessness, waiting-lists and extortionate levels of private rent are the symptoms of policy designed to benefit speculators, landlords, and hedge funds—the business class. The number of homes available to rent has fallen close to a historical record, while rents have […]