‘Vassal State: How America Runs Britain’ uncovers the real content of Britain’s so-called ‘special relationship’ with the USA: one of vassalage and subservience. But the author’s liberal calls for the British capitalists to “take back control” offers no solution.

Klarna is in trouble, with its losses doubling and an increase in customers failing to pay back their loans. Both the rise of ‘buy now, pay later’ lending and the crisis of speculative tech companies indicate that the debt-laden capitalist system is living on borrowed time.

Global debt has tripled since 2007 and has been a lifeline for the tottering capitalist system. Now as debts mature amidst tariffs, inflation, high interest rates and stagnant economic growth this could spell disaster for the capitalists as they seek to pass on the burden of their crisis ridden system to the working class.