Osborne’s weakness on banking reforms risks another financial crisis
George Osborne, caught between conflicting interests, is not carrying out the necessary banking reforms to ensure the stability of the industry.
George Osborne, caught between conflicting interests, is not carrying out the necessary banking reforms to ensure the stability of the industry.
As students continued to protest against the commodification of education, and Ireland prepared for a bailout, the New Political Economy Network met to discuss the realities of financial regulation. It was agreed that regulation – or re-regulation – is needed in order to protect against predatory and dehumanising financial practises. Inseparable from regulation, according to Maurice Glasman and Costas Lapavitsas, is the state’s capacity to be a force for social democracy.