The SNP government is proposing to issue its own debt bonds in the near future, in the hope of funding public spending through extra borrowing. Far from providing sovereignty and independence, this will put Scotland more at the mercy of the markets.

On the eve of the Autumn Budget, the bond markets – the investors who bankroll the British state – are getting jittery. The capitalists are losing faith in Labour’s ability to carry out the necessary cuts to ‘balance the books’. But what alternatives do they have?

Tech corporations and governments are pouring trillions into the ‘AI arms race’. But warning signs are flashing that this is all a massive speculative bubble, waiting to burst. This anarchic speculation is set to have a catastrophic impacts on the world economy.