Paul Mason
Mark Carney’s last chance saloon warning on the global economy
Last night Mark Carney, governor of the Bank of England, issued a stark warning about the future of capitalism.
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Paul Mason
Bernie Sanders: the radical moment has begun
Quite simply the radical progressive sentiment that’s swept Greece, Spain, Scotland and the British Labour movement has now hit America.
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Paul Mason
Kellingley: mourn the loss of a way of life, not deep coal mining
Were my father and grandfather alive, while regretting the way it’s been done, both of them would have raised a glass to the end of deep coal mining.
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Paul Mason
Redcar: not the only canary in the coal mine
Redcar could be – yet again – the canary in the coalmine for a global problem. For what 2008-9 told us is: every time there’s a major credit event, the steelworks on Teesside shuts.
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Paul Mason
John McDonnell: what will Corbynomics look like?
The appointment of John McDonnell as shadow chancellor was the clearest signal Jeremy Corbyn could have sent. At the heart of the shadow cabinet there will be a group that buys Corbynomics.
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Paul Mason
China: danger of an open currency war
China has stunned the world by devaluing its currency twice in two days. Or rather it has stunned that naive part of the world that believed China’s economy was okay.
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Paul Mason
Decoding the IMF: Greek deal doomed, exit likely
The levels of economic pain and dysfunctional borrowing set to be inflicted on Greece mean that at some point public opinion will flip.
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Paul Mason
Greece crisis: Europe turns the screw
The Greeks arrived with a set of proposals widely scorned as “more austere than the ones they rejected”. The internet burst forth with catcalls – “they’ve caved in”.
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Paul Mason
What was the point of Tsipras referendum?
The new Greek government proposals, published late last night are clearly based on those submitted by Jean Claude Juncker last Thursday, before the referendum. Many Greeks are frustrated, asking: what was the point of the referendum? It’s left many foreign observers saying the same.
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Paul Mason
The Greek crisis: on the ground and on Twitter
Last night I responded sharply to an anonymous Greek troll known as @GreekAnalyst, comparing his right-wing network of abusive and unaccountable people…
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Paul Mason
Yanis Varoufakis: the economist who wouldn’t play politics
Why did Varoufakis go? The official reason, on his blog, was pressure from creditors. But there are a whole host of other reasons that made it easier for him to decide to yield to it.
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Paul Mason
Is Greece about to call the EU’s bluff?
The EU leadership told Greeks a No meant exit from the eurozone. The Greek government said they were bluffing. We’ll find out who’s right soon.
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Paul Mason
Greece crisis: a failure of economics in the face of politics
The IMF’s report yesterday got swamped amid the gloom, despondency and fractiousness of the Greek crisis. It said, in short, Greece’s debt has become unsustainable.
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Paul Mason
Greece debt crisis: Tsipras prepares for compromise deal
Alexis Tsipras is getting ready to stage a climbdown and he will tell the people of Greece he’s about to accept something very very similar to the conditional bailout he rejected.
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Paul Mason
Greece crisis: upper middle class vs rural pensioners
Last night’s ‘Yes’ campaign demo was big – I would say maybe a quarter bigger than the ‘No’ demo of Monday, and with a much more angry atmosphere.