So is there a crisis in capitalism?

June 29, 2010

So is there a crisis in capitalism?

In this RSA Animate, radical sociologist David Harvey asks if it is time to look beyond capitalism towards a new social order that would allow us to live within a system that really could be responsible, just, and humane?

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Darling warns banks on loan rates

July 26, 2009

From the BBC News:

The chancellor is to quiz bank bosses over how much they charge small firms for loans, saying he is “extremely concerned” their rates may be too high.

Alastair Darling said the cost of loans seemed to have risen, despite the UK’s record low base interest rate of 0.5%.

He told the BBC that banks had a duty to restore lending levels, saying the government did not rescue the banking sector “out of some charitable act”.

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Europe bank chief warns on debt

June 23, 2009

BBC News reports:

Governments that have borrowed heavily to fight the economic crisis should not accumulate any more debt, the president of the European Central Bank has said.

So why has he said this?

“There is a moment where you cannot spend more and accumulate more debts. We are at that moment,” he said.

The problem will be that interest payments on the debt will make it impossible to maintain government spending and cause further economic decline as well as having implications for future generations.


Credit Crunch Literally…

June 21, 2009

Britain eats its way through recessions. When the going gets tough, the tough, it seems, tuck into pudding, says Michael Blastland in his regular BBC column.

Read more via Timetoeat.


Sharp fall in eurozone economy

May 15, 2009

BBC reports on fall in the eurozone economy.

The economies of the 16 countries that make up the eurozone declined by 2.5% in the first three months of 2009, the EU’s statistics agency Eurostat said.

This 2.5% decline will impact on consumer spending as people perceive that their jobs may be at risk. This could cause further falls in the economy over the next year.

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Fred-sizing the economy

May 7, 2009

Nice item from the BBC on explaining the economy by making it “fred-size”.

The size of Britain’s economy can be hard to get your head around – but what if you were to shrink it to human scale? Michael Blastland introduces Fred – a one man British economy.

More on the business environment and the economy.


Surveyors report market momentum

April 15, 2009

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BBC reports on improvements in interest in the UK housing market.

Interest from home-buyers is starting to gain “real momentum”, although sales remain low, UK surveyors say.

The housing market is a traditional indicator of the strength of the UK economy. Once people start buying houses, this can kick start the economy, as people start to buy new things for their new homes.

Photo source.