Soundings

Articles from No. 41, Spring

Adult Responsibility in Insecure Times
The post-crash world necessitates a redefinition of adulthood.Has adulthood as we once knew it been lost? Is the state of 'being adult' so eroded that immaturity, selfishness and infantilism have all but replaced it? You could be forgiven for diinking...
City Pay
A focus on the greed of financial elites is an oversimplifying response to the financial crisis.The current financial crisis has stimulated considerable debate about the pay of financial intermediaries. The rewards system in investment banks, and especially...
End of the Line for General Practice?
The government's current plans for primary care and general practice are likely to bring about the dismantlement of general practice as we currently understand it.In early 2008 Camden Primary Care Trust, host PCT for the practice where I have worked...
Financial Bubbles and Economic Crises
Carlota Perez talks to Jonathan Rutherford.In your recent book Technological Revolutions and Financial Capital (http://www. carlotaperez.org/) you argue that it is possible to discern recurring historical patterns of major technical change, accompanied...
Food Sovereignty: Time to Choose Sides
The food sovereignty movement offers the only sustainable alternative to the world's food problems.For some time now we have been in the midst of a 'food crisis', which has been lamented by media and politicians alike, and is now almost universally regarded...
Iraq's New Ruling Elite
The misleading idea that Saddam's regime could be replaced by an alternative elite of US-backed exiles bears heavy responsibility for the country's instability.On 27 November 2008, the Iraqi parliament voted to accept a new set of treaties that if implemented...
Life on Credit
Debt addiction has for some time been widely encouraged. It is time to turn off the addicts' supply.Rosa Luxemburg famously suggested that the capitalist form of expansion is also its curse, a recipe for disaster - parasitic from the beginning and suicidal...
Private Equity and the Credit Crunch
The mobile opportunism of private equity has made short shrift of its theorists' legitimating narratives.In a recent Financial Times article, Nassim Taleb, author of business bestseller The Black Swan, and his derivatives consultant colleague Pablo Triana...
Recession Politics
Financial theorists have recently been accused of suffering from the 'bystander effect' - everyone was waiting for someone else to be the first to point out that something had gone badly wrong (see Adam Leaver in this issue). The financial elite and...
Tax Justice and Secrecy Jurisdictions
Tax havens, once an unassailable part of the global financial system, are now increasingly under threat and that is good news for supporters of international social justice.2008 was an extraordinary year for the world's tax havens. When it began few...
The Housing Disaster
The encouragement of widespread speculation on houses was always an unlikely route to 'affordable housing'.The dramatic housing market slump and the collapse of the house-building industry in the wake of the credit crunch came just as the government...
The Undeserving Poor
As the undeserving poor become ever more closely associated with negative characteristics, the well-adjusted majority can continue to enjoy the benefits of 'meritocracy' with easy minds.Long before she was found guilty of criminal behaviour, press coverage...
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