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Watch Question Time – or any TV programme where politicians are on display – and it’s clear that our cover theme, turning David Cameron’s ‘we can’t go on like this’ back on him and all the main parties, sums up a popular mood. Disillusionment with politicians has fed into a deepening anger at the way in which the political establishment have been subservient to the filthy rich, from the unconditional and unaccountable bail-out of the bankers to Lord Ashcroft’s private tax wheeze.
Underlying this behaviour is the long-term tendency towards Britain becoming a casino state – with some of the participants betting on its collapse.
The dependence of the British economy on the prosperity of the financial sector is extreme, built up over decades. Harold Wilson’s deference to the pound in the 1960s kyboshed the opportunity to invest in a major restructuring of the economy with the revenue from North Sea oil. Thatcher’s attack on trade union power, destruction of manufacturing and, above all, her deregulation of finance, fed the international power of the City.
Finance capital grew, from being a dominant power in a bargaining process that also included manufacturing industry and the unions, to becoming the prime driver of the economy and the state. This has skewed government policy – whichever political party is in office – against taxing the rich and capital gains, towards intensifying the Atlantic alliance and favouring investments supporting the infrastructure of the financial sector. This includes, most recently, the investment in Heathrow’s expansion, and now public spending cuts, reducing public debate to a matter of ‘when’?
The cuts are not primarily about covering the cost of the bank bail-out. They are to pay for the loss of revenue from a crisis-ridden financial sector on which the government has become massively dependent. In fact, a rush to cut will simply lock the economy into this dependence and prepare the way for a further crisis and a spiral of decline.
What is needed is action to direct the formally public banks to fund investment in the real economy – generating revenue which will eventually, with redistributive taxation, not only cover the deficit but also address its cause. There’s no lack of possibilities and needs if we look beyond Canary Wharf: public investment in developing regional economies, including the growing social economy, supporting green restructuring, extending access to information technology to the whole population and more.
The jaded figures on our cover share a taboo on state action to counter the damaging dynamics of the capitalist market. Still in thrall to neoliberal nostrums, they compete to dismantle the state as a provider of services, leaving its function as primarily a prop to private capital. This denial of political agency creates the impression that the City has been hit by a tsunami – that ‘the markets’ are equivalent to ocean waves and we must all make sacrifices in the face of an unavoidable disaster.
To counter this, our aim must be to rebuild democratic – state and non-state – bargaining power in the face of entirely human-made powers. We need to call the bluff of the institutions that are hidden behind the market mystique and that are effectively betting on the futures of millions of people.
This isn’t about rebuilding the nation state as we have known it. It’s about intellectual work like that of Mary Mellor (page 40) to develop a vision of embedded public institutions drawing on recent thinking about the commons and participatory democracy. It’s about starting from and interconnecting the new or hybrid sources of non-state democratic power that so many of us are involved in. We need to link up innovative trade union and community initiatives and alliances, like the campaign for a “Robin Hood tax” on speculation now gaining a mass following (see page 30) and web communities like those that, 40 years from the founding of the women’s liberation movement, are reclaiming an activist feminism.
And we must find ways of up-scaling all this into an internationally oriented movement, directly concerned with social control over the economy.
In this context, the election campaigns of inspiring left wing candidates like Caroline Lucas and Salma Yaqoob (page 16) are as important in their capacity to develop voters’ confidence to speak out and get organised as to win votes. Vital too are campaigns (page 14) that are using the election to build clarity and support for the struggles that will be necessary from the morning after polling day, whoever wins.
‘We can’t go on like this’ is not a call to arms, as if the line of march is already mapped and the generals in place. On the contrary, it’s an insistence that we act on our contempt for the political elites by realising our own capacities, with the latest means of communication, as potential creators of new institutions and new political projects. We can recombine the useful of the old with the possibilities being opened up by the new, so that we truly no longer should carry on like this.
What if it's not us who are sick, asks Rod Tweedy, but a system at odds with who we are as social beings?
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A decade after the start of the crash, economic power is in our hands – we must take it, writes Ann Pettifor
Nick Dowson looks at the new wave of co-ops and community groups where people are building their own truly affordable homes
Hsiao-Hung Pai meets people affected by the fire, and finds sadness and suffering mixed with a continuing wariness of the official investigations
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With the rise of Corbyn, is there still a place for the Green Party?
Former Green principal speaker Derek Wall says the party may struggle in the battle for votes, but can still be important in the battle of ideas
Fearless Cities: the new urban movements
A wave of new municipalist movements has been experimenting with how to take – and transform – power in cities large and small. Bertie Russell and Oscar Reyes report on the growing success of radical urban politics around the world
A musical fightback against school arts cuts
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Neoliberalism: the break-up tour
Sarah Woods and Andrew Simms ask why, given the trail of destruction it has left, we are still dancing to the neoliberal tune
Cat Smith MP: ‘Jeremy Corbyn has authenticity. You can’t fake that’
Cat Smith, shadow minister for voter engagement and youth affairs and one of the original parliamentary backers of Corbyn’s leadership, speaks to Ashish Ghadiali
To stop the BBC interviewing climate deniers, we need to make climate change less boring
To stop cranks like Lord Lawson getting airtime, we need to provoke more interesting debates around climate change than whether it's real or not, writes Leo Barasi
Tory Glastonbury? Money can’t buy you cultural relevance
Adam Peggs on why the left has more fun
Essay: After neoliberalism, what next?
There are economically-viable, socially-desirable alternatives to the failed neoliberal economic model, writes Jayati Ghosh
With the new nuclear ban treaty, it’s time to scrap Trident – and spend the money on our NHS
As a doctor, I want to see money spent on healthcare not warfare, writes David McCoy - Britain should join the growing international movement for disarmament
Inglorious Empire: What the British Did to India
Inglorious Empire: What the British Did to India, by Shashi Tharoor, reviewed by Ian Sinclair
A Death Retold in Truth and Rumour
A Death Retold in Truth and Rumour: Kenya, Britain and the Julie Ward Murder, by Grace A Musila, reviewed by Allen Oarbrook
‘We remembered that convictions can inspire and motivate people’: interview with Lisa Nandy MP
The general election changed the rules, but there are still tricky issues for Labour to face, Lisa Nandy tells Ashish Ghadiali
Everything you know about Ebola is wrong
Vicky Crowcroft reviews Ebola: How a People’s Science Helped End an Epidemic, by Paul Richards
Job vacancy: Red Pepper is looking for an online editor
Closing date for applications: 1 September.
Theresa May’s new porn law is ridiculous – but dangerous
The law is almost impossible to enforce, argues Lily Sheehan, but it could still set a bad precedent
Interview: Queer British Art
James O'Nions talks to author Alex Pilcher about the Tate’s Queer British Art exhibition and her book A Queer Little History of Art
Cable the enabler: new Lib Dem leader shows a party in crisis
Vince Cable's stale politics and collusion with the Conservatives belong in the dustbin of history, writes Adam Peggs
Anti-Corbyn groupthink and the media: how pundits called the election so wrong
Reporting based on the current consensus will always vastly underestimate the possibility of change, argues James Fox
Michael Cashman: Commander of the Blairite Empire
Lord Cashman, a candidate in Labour’s internal elections, claims to stand for Labour’s grassroots members. He is a phony, writes Cathy Cole
Contribute to Conter – the new cross-party platform linking Scottish socialists
Jonathan Rimmer, editor of Conter, says it’s time for a new non-sectarian space for Scottish anti-capitalists and invites you to take part
Editorial: Empire will eat itself
Ashish Ghadiali introduces the June/July issue of Red Pepper
Eddie Chambers: Black artists and the DIY aesthetic
Eddie Chambers, artist and art historian, speaks to Ashish Ghadiali about the cultural strategies that he, as founder of the Black Art Group, helped to define in the 1980s
Despite Erdogan, Turkey is still alive
With this year's referendum consolidating President Erdogan’s autocracy in Turkey, Nazim A argues that the way forward for democrats lies in a more radical approach
Red Pepper Race Section: open editorial meeting – 11 August in Leeds
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Mogg-mentum? Thatcherite die-hard Jacob Rees-Mogg is no man of the people
Adam Peggs says Rees-Mogg is no joke – he is a living embodiment of Britain's repulsive ruling elite
Power to the renters: Turning the tide on our broken housing system
Heather Kennedy, from the Renters Power Project, argues it’s time to reject Thatcher’s dream of a 'property-owning democracy' and build renters' power instead
Your vote can help Corbyn supporters win these vital Labour Party positions
Left candidate Seema Chandwani speaks to Red Pepper ahead of ballot papers going out to all members for a crucial Labour committee
Join the Rolling Resistance to the frackers
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The Grenfell public inquiry must listen to the residents who have been ignored for so long
Councils handed housing over to obscure, unaccountable organisations, writes Anna Minton – now we must hear the voices they silenced
India: Modi’s ‘development model’ is built on violence and theft from the poorest
Development in India is at the expense of minorities and the poor, writes Gargi Battacharya