Ten years after the crash, is civil society ready to take on big finance?

This article was originally published at Civil Society Futures. Ten years ago the French bank BNP Paribas ceased activity in three hedge funds, announcing that it could no longer measure the value of instruments based on US subprime mortgages. The event is widely regarded as representing the beginning of the global financial crisis, as what … Continue reading Ten years after the crash, is civil society ready to take on big finance?

There is a magic money tree – don’t let politicians tell you otherwise

This article was originally published at openDemocracy.  Few aspects of our economy are as poorly understood among politicians and the general public as our monetary system. This becomes particularly obvious – and dangerous – during general election campaigns. Last night Theresa May responded to a nurse’s concerns over pay in the NHS by saying “there is no magic money tree” … Continue reading There is a magic money tree – don’t let politicians tell you otherwise

Trump has let Wall Street loose – and it could have dire consequences for us in the UK

During the presidential campaign Donald Trump championed himself as the only candidate willing to stand up to Wall Street. Three weeks into his presidency, however, and the reality looks rather different. Many of the most powerful and influential positions in his administration have been gifted to senior Wall Street insiders – most of them handpicked by Trump.