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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.
Louis Mendee explains the real human costs of climate change for the global south.
From climate change to automation to demographic shifts, Mathew Lawrence explains the challenges our economy will face in the coming decade.
Fifty years after the Abortion Act, women are still dying from being denied basic services, write activists from Feminist Fightback
We need to tackle the patronising ideology that lets Tory think-tanks sneer at social tenants, writes Emma Dent Coad
Acid Corbynism allows people to imagine a future beyond the paltry offerings of capitalism, writes Keir Milburn
'We wanted to use a shared love of the beautiful game to stand in solidarity with those living under occupation', writes Kate Hadley.
Priti Patel's shady deals are business as usual. Enough is enough, writes Eleanor Penny
Boris Johnson is a local disaster and a national embarrassment. He must go, writes James Clouting
The global elite have been stealing from society on an unprecedented scale, writes Tom Walker
Richard Murphy says that the appropriate political will and understanding of tax can put an end to offshore avoidance and evasion
Labour Party laws are being used to quash dissent
Richard Kuper writes that Labour's authorities are more concerned with suppressing pro-Palestine activism than with actually tackling antisemitism
Catalan independence is not just ‘nationalism’ – it’s a rebellion against nationalism
Ignasi Bernat and David Whyte argue that Catalonia's independence movement is driven by solidarity – and resistance to far-right Spanish nationalists
Tabloids do not represent the working class
The tabloid press claims to be an authentic voice of the working class - but it's run by and for the elites, writes Matt Thompson
As London City Airport turns 30, let’s imagine a world without it
London City Airport has faced resistance for its entire lifetime, writes Ali Tamlit – and some day soon we will win
The first world war sowed the seeds of the Russian revolution
An excerpt from 'October', China Mieville's book revisiting the story of the Russian Revolution
Academies run ‘on the basis of fear’
Wakefield City Academies Trust (WCAT) was described in a damning report as an organisation run 'on the basis of fear'. Jon Trickett MP examines an education system in crisis.
‘There is no turning back to a time when there wasn’t migration to Britain’
David Renton reviews the Migration Museum's latest exhibition
#MeToo is necessary – but I’m sick of having to prove my humanity
Women are expected to reveal personal trauma to be taken seriously, writes Eleanor Penny
Meet the digital feminists
We're building new online tools to create a new feminist community and tackle sexism wherever we find it, writes Franziska Grobke
The Marikana women’s fight for justice, five years on
Marienna Pope-Weidemann meets Sikhala Sonke, a grassroots social justice group led by the women of Marikana
Forget ‘Columbus Day’ – this is the Day of Indigenous Resistance
By Leyli Horna, Marcela Terán and Sebastián Ordonez for Wretched of the Earth
Uber and the corporate capture of e-petitions
Steve Andrews looks at a profit-making petition platform's questionable relationship with the cab company
You might be a centrist if…
What does 'centrist' mean? Tom Walker identifies the key markers to help you spot centrism in the wild
Black Journalism Fund Open Editorial Meeting in Leeds
Friday 13th October, 5pm to 7pm, meeting inside the Laidlaw Library, Leeds University
This leadership contest can transform Scottish Labour
Martyn Cook argues that with a new left-wing leader the Scottish Labour Party can make a comeback
Review: No Is Not Enough
Samir Dathi reviews No Is Not Enough: Defeating the New Shock Politics, by Naomi Klein
Building Corbyn’s Labour from the ground up: How ‘the left’ won in Hackney South
Heather Mendick has gone from phone-banker at Corbyn for Leader to Hackney Momentum organiser to secretary of her local party. Here, she shares her top tips on transforming Labour from the bottom up
Five things to know about the independence movement in Catalonia
James O'Nions looks at the underlying dynamics of the Catalan independence movement
‘This building will be a library!’ From referendum to general strike in Catalonia
Ignasi Bernat and David Whyte report from the Catalan general strike, as the movements prepare to build a new republic
Chlorine chickens are just the start: Liam Fox’s Brexit trade free-for-all
A hard-right free marketer is now in charge of our trade policy. We urgently need to develop an alternative vision, writes Nick Dearden
There is no ‘cult of Corbyn’ – this is a movement preparing for power
The pundits still don’t understand that Labour’s new energy is about ‘we’ not ‘me’, writes Hilary Wainwright
Debt relief for the hurricane-hit islands is the least we should do
As the devastation from recent hurricanes in the Caribbean becomes clearer, the calls for debt relief for affected countries grow stronger, writes Tim Jones
‘Your credit score is not sufficient to enter this location’: the risks of the ‘smart city’
Jathan Sadowski explains techno-political trends of exclusion and enforcement in our cities, and how to overcome this new type of digital oppression
Why I’m standing with pregnant women and resisting NHS passport checks
Dr Joanna Dobbin says the government is making migrant women afraid to seek healthcare, increasing their chances of complications or even death
‘Committees in Defence of the Referendum’: update from Catalonia
Ignasi Bernat and David Whyte on developments as the Catalan people resist the Spanish state's crackdown on their independence referendum
The rights and safety of LGBTQ+ people are not guaranteed – we must continue to fight for them
Kennedy Walker looks at the growth in hate attacks at a time when the Tory government is being propped up by homophobes