The cause of the precariat isn’t helped by fuzzy thinking about who and what it is.
Labour must abandon faith in one more heave for Westminster victory and embrace a progressive alliance, including for electoral reform.
It is intellectually excusable for those on the political right to want to restrict the meaning of work to labour, or income-earning activity. It is inexcusable for those on the political left to do so. Social democrats are paying a heavy political price for having done so throughout the 20th century. They fell into their […]
We live in the age of rentier capitalism. It is the crisis point of the Global Transformation, during which claims made for capitalism have been wholly undermined by a developing system that is radically different from what its advocates say. They assert a belief in ‘free markets’ and want us to believe that they are […]
With much fanfare, Mario Draghi announced on January 22 that the European Central Bank (ECB) would be pumping €60bn a month into the financial markets until September 2016, in what is euphemistically called “quantitative easing” (QE). This amounts to 10% of Eurozone GDP and 10% of its gross public debt. Many observers guess the flow […]
Rising inequality is one of the most salient issues in global and European politics. Guy Standing writes that what we have witnessed in recent decades is not simply an increase in inequality, but also the emergence of a new globalised class structure. A key component of this structure is what he terms ‘The Precariat’: a new class […]