Analysis: What could fiscal policy beyond deficit fundamentalism look like?
The publication of GERS has been accompanied by the standard deficit fundamentalism about Scotland’s public finances – but is there an alternative approach to fiscal policy?
AS SCOTLAND’S political geeks scrap it out over the GERS report, another finding on the UK’s public finances flew under the radar.
Solomon Steinbett: Ecology and Economics - A Blueprint for Survival
Eco-socialist and republican Solomon Steinbett outlines his vision for an economic model based on national self-sufficiency to address the global ecological crisis
“We do not inherit the earth from our ancestors; we borrow it from our children.” American Indian Proverb
Robin Mcalpine: The London Productivity Miracle is an illusion; Scotland has to catch up with modern economics
Common Weal Director Robin McAlpine looks at a new academic report which finds that Boris Johnson’s conception of the London productivity miracle is illusory – and we should reject centralised economic strategies in Scotland as well as the UK
OUR new Prime Minister (jeez) famously said “A pound spent in Croydon is far more valuable to the country than a pound spent in Strathclyde. Indeed it would generate jobs and growth in Strathclyde far more effectively if you invested in Hackney, Croydon or other parts of London.”
Book Review: Globalists, by Quinn Slobodian
Mathew D. Rose, editor of Brave New Europe, reviews historian Quinn Slobodian’s ‘Globalists: The End of Empire and the birth of neoliberalism’, the first intellectual history of neoliberal globalism which challenges the commonly held assumption that neoliberals are opposed to the state
Analysis: US resistance to French 'Facebook Tax' reveals how power works in global economic hierarchy
The US threat of tariff retribution on France for its Digital Services Tax shows how tax on corporate giants has little to do with fairness and a lot to do with global economic power
ON THURSDAY [11 July], the French Senate passed the Digital Services Tax, a landmark levy on global tech giants. The tax will see digital companies with global revenue over $750 million have to pay 3 per cent of global revenues and sales to the French Government, raising an anticipated 500 million Euros.
Book Review: The Case for People's Quantitative Easing, by Frances Coppola
Mathew D. Rose, editor of Brave New Europe, reviews economics commentator Frances Coppola’s new book on the case for People’s QE, an idea to use Central Bank money creation powers to fund citizens directly, rather than banks
Beyond the Noise: Imperialism now - how British banks exploit Africa
Beyond the Noise with David Jamieson is a weekly podcast with CommonSpace journalist David Jamieson, where he gets behind the 24/7 news cycle and gets to heart of issues, trying to find the substance behind the headlines.
IN THIS week's podcast Jamieson is joined by Gyekye Tanoh, Head of Political Economy Unit at Third World Network-Africa, who was in Glasgow to speak to a Global Justice Now Scotland meeting on the West's economic relationship to Africa.