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Grace Blakeley is a staff writer at Tribune, and the author of Stolen: How to Save the World from Financialisation.
Sanctions used to be deployed as a slap on the wrist for foreign leaders, but over the past several decades they have become a central weapon of US foreign policy. Excessive use of sanctions may have begun to undermine US global hegemony.
After years of decline and internal strife, Germany’s left-wing party is finding new life. Grace Blakeley talks to the organizers behind Die Linke’s surprising growth.
The immense power financial institutions wield over most aspects of our lives makes a mockery of democracy. To build a truly democratic society, we need to democratize finance.
Finland’s Left Alliance is uniting a left coalition to deliver a rebuttal to right-wing austerity. Former leader Li Andersson outlines a winning playbook that combines environmental priorities with robust workers’ rights.
Neoliberalism often presents itself as a victory for individual autonomy. In an interview, Grace Blakeley explains the hollowness of this claim — and why the Left needs to offer its own, better vision of human freedom.
When the wealthy are able to insulate themselves from the worst effects of climate breakdown, the poor are forced to bear the costs of a crisis they did not cause.
Despite what new Labour prime minister Keir Starmer says, there’s nothing inevitable about another round of austerity — it is a deliberate decision to avoid confronting the powerful and presenting a real alternative for working-class people.
The Labour Party’s chancellor of the exchequer, Rachel Reeves, is arguing for austerity on the grounds that the government is broke. In fact, the UK’s economic woes are due in large part to a decade-plus of insufficient public investment.
In the UK, Labour has committed itself to balancing the books and pledged not to raise taxes on big business or the wealthy if and when it forms a government. If a Labour government abides by these pledges, it will mean reimposing austerity.
Neoliberalism was never about shrinking the state to unfetter markets and enhance human freedom. In her new book, Vulture Capitalism, Grace Blakeley argues that neoliberalism has always sought to wield state power to maximize profits for the rich.
Fixing Britain’s housing crisis requires rebuilding the country’s publicly owned housing system — the opposite of the private developer–centered approach recently announced by Keir Starmer.
This week the UK was officially declared to be in a recession. The economy is suffering from a long-term refusal by the government to increase public investment — helping make Britain one of the worst economic performers among rich countries.
After scrapping its pledge to invest £28 billion in green energy, Keir Starmer’s Labour Party has no real climate policy — just platitudes about shrinking the deficit and promoting economic growth.
Germany is blocking billions of euros in investment domestically and across the EU because of the country’s commitment to low budget deficits. This “fiscal discipline” is undermining economic growth and decarbonization goals across the continent.
US billionaires are trying to establish a libertarian city-state in Honduras to evade democratic constraints. As progressive president Xiomara Castro resists their efforts, the Peter Thiel–backed firm Próspera is suing the country for constraining its profits.
As UK prime minister, David Cameron unleashed disastrous austerity policies, and his subsequent career in the private sector was plagued by scandal in his dealings with the state. Now he has a cabinet position: yet another example of the elite failing up.
In recent days, Palestinian trade unions have called on workers across the world to demand an “end to all forms of complicity with Israel’s crimes.” Trade unionists in the UK, the US, and elsewhere should meet their call.
The only way to curb the current inflation in the UK without imposing unbearable costs on workers is to tax corporate profits and wealth and incomes derived from those profits. Keir Starmer’s Labour Party refuses to do so.
Decades of austerity have undermined Britain’s National Health Service, leading to staffing shortages and longer wait times. It’s a pretext for handing off more and more of the system to profiteering corporations.
The world is now experiencing some of the hottest temperatures ever recorded, thanks to profiteering fossil fuel corporations. They owe us hundreds of billions of dollars in reparations for the havoc they’ve unleashed.