Time to Nationalise the Big Banks

Irvin

In the past 30 years a great number of utilities in the developed world have been privatised. That trend seems likely to be reversed. Why? Because the ideology which drove the project—in particular, the notion that the private sector is always more efficient than the public sector—is collapsing. Effective public ownership is being reconsidered not [...]

The Road from Depression

soros

Financial markets are driving the world towards another Great Depression with incalculable political consequences. The authorities, particularly in Europe, have lost control of the situation. They need to regain control, and they need to do so now. Three bold steps are needed. First, the governments of the eurozone must agree in principle on a new [...]

How much Interest should Banks be allowed to charge?

loan

My colleague Maurice Glasman has written an article for the Guardian’s Comment is Free on behalf of London Citizens about the new anti-usury campaign that is trying to stop lending at irresponsible interest rates: “Following the financial crash of last year, a new issue emerged and a new campaign was forged. Our members experienced an [...]