Real cost of the banking crisis
What has the banking crisis cost us all? Andrew Haldane of the Bank of
England has tried to work it all out in a paper called ‘The $100
billion question’.
June 2010
Editorial: Ruling class prepares for confrontation
Britain is heading for a showdown. The British establishment is taking
stock of the situation. They are fully aware of the social crisis that
is unfolding. The illusions of class harmony have evaporated. They
consider that it is time that the working class learned its lesson that
capitalism cannot afford any reforms. Counter-reforms are on the order
of the day. The workers are therefore being sent to the school of the
coalition government whose programme is “red in tooth and claw”
austerity.