Jake Short writes on Transport for London’s billion pound bailout and the conflict between London’s regional powers, Labour and Conservatives going head to head, potentially repeating history.
Lewis Virgo writes on Keir Starmer’s victory and what the Labour party must learn from the 2019 General Election to improve in 2024.
Josh Trood writes on the pitfalls of the Washington Consensus and the systematic explotation of countries in the global periphery
Josh Trood writes on the potential political implications of the spread of the Coronavirus on elections and the economy
Milo Dack writes regarding the double tax standards to which the EU holds Non-EU states, despite Ireland being a tax haven for Google, Facebook and many more international firms
By Francis Forsey
In a society where mass consumption fuels day-to-day life, it is easy to become disassociated from the products we buy. UK consumer spending in the 3rd Quarter of 2018 peaked at £336,079 million, a record high since monitoring data began in 1955 (Trading Economics).
Capitalism, championed by Western states such as the UK and the US, has become the assumed norm. Francis Fukuyama referred to the post-Cold War period of rapid liberal, democratic, capitalist development as the ‘End of History’. The US has tasked itself with protecting capitalism’s market-based ideals, even going so far as to intervene militarily to protect the ‘light of liberalism’ (See: Vietnam conflict, US Intervention in Afghanistan 1979).
Whilst consumer spending is increasing, we are also beginning to see a significant rise in anti-consumerist movements in response. Year on year, more people are beginning to realise that such high levels of consumption are trapping our global population into a cycle of environmental and social degradation. Essentially, populations are realising that we are living in an environmentally unsustainable economic system.
By Francis Forsey
Known by few in common society, Djibouti is a country to watch.
With a population of 942,333 (2016), and a land area of 23,200 km2, Djibouti is one the smallest countries in the international community. To compare Djibouti to the hegemonic states around the world, such the United States, Russia or China, is to take leave of one’s senses. However, the world continues to remind us that size doesn’t matter when it comes to international significance.
By Suhail Mayor
Throughout time, literature has been replete with a wide variety of differing accounts on the concept of money. Through these theoretical versions of discourse most of them follow a common thread; they are intensely political in nature. Money has always been and will be a talking point in relation to its control and the role of government. While one side suggests that government and laws are crucial to the nature of money, others have come to believe that currency and economic activity can arise spontaneously without a centralized authority. Emblematic of a basic law in economics inferring that government intervention always leads to inequalities in the market.