Soundings

Articles from No. 45, Summer

Carbon Trading: How It Works and Why It Fails: Carbon Trading Is Not the Answer to Tackling Climate Change
********** Emissions trading is the EU's flagship measure for tackling climate change, and it is failing badly. While in theory it provides a cheap and efficient means to limit greenhouse gas reductions within an ever-tightening cap, in practice...
Editorial
Since 6 May we have been living in the eye of the storm. There has been little of the sense of epochal change that followed the Tory victory of 1979 or Labour's landslide in 1997. This is partly because the full impact of the return of the right has...
Greek Myths: The Stories That We Tell about the Economy Are Part of the Political Battle
********** In April 2010 the leaders of the Euroland countries agreed an 'emergency bailout' of Greece, lending the fiscally stricken country billions of euros to prevent it defaulting on its debts and reaping untold havoc on the European banking...
Labour in a Time of Coalition: A Roundtable Discussion on What the Future Holds for Labour
********** Mike What is the significance of the Coalition? It appears from the coalition agreement that the Lib Dems have been able to achieve some significant concessions in their negotiations with the Tories. The Lib Dems were on several issues-Cable's...
Lives on the Line: The Lives and Deaths of Soldiers Have Become an Increasingly Important Part of Debates about Britain's Wars
********** Being prepared to die for one's country has long been the touchstone of nationalism, the Tomb of the Unknown Soldier symbolising the essence of patriotism and national identity. It constitutes the unspoken, but ultimate, sacrifice implied...
Money Manager Capitalism and the Global Financial Crisis: It Is Time for a New Model for Running the Economy
********** The world's worst economic crisis since the 1930s is now in its third year. All sorts of explanations have been proffered for the causes of the crisis: lax regulation and oversight, rising inequality that encouraged households to borrow...
Rebuilding Social-Democracy in Twenty-First Century Britain: What Are the Fundamental Requirements for Remaking Social Democracy?
********** At present, the economic policy of the government and its opposition seem to differ only with respect to the timing of public spending cuts. There is little on offer in the way of alternatives to business as usual. The aim of this article...
Smile till It Hurts: Generation Y Have Been Brought Up on the Fantasies of Neoliberalism
********** At 6am on the morning that Lehman Brothers collapsed, I was sitting at a wobbly motel table with six other political interns at the annual conference of the party in government, watching the rolling news and drinking coffee that tasted...
The New Spirit of Capitalism: Roundtable Discussion on Luc Boltanski and Eve Chapello's Book
Introduction Jeremy Gilbert (with editorial input from David Hesmondhalgh) Luc Boltanksi and Eve Chiapello's monumental work The New Spirit of Capitalism first appeared in French in 1999, but was only published in English in 2007, since when...
The Political Struggle Ahead: Only by Understanding That the Economic Agenda Is Part of a Wider Social and Political Settlement Will We Succeed in Opening Up the Debate on the Alternatives
Beyond economics It is not so very long ago that the implosion that began in August 2007 looked to be bringing into question far more than the iniquities, and the dominance, of the financial sector. It seemed that there might just be the beginnings...
The SNP and the 'New Politics': Scottish Independence Would Have a Progressive Impact Both Internationally and on the Rest of the United Kingdom
********** For all the talk before the election of the emergence of a progressive consensus in the UK-in parliamentary terms at least-any such prospect fell apart at the first post-election hurdle. Although the idea of a defeated Labour Party clinging...
What Comes after New Labour? New Labour Was One Response to the Weaknesses of Labourism. Is There a Better One?
********** The New Labour era has finally ended. And though the full scale of the destruction and wreckage which it has inflicted upon British politics, society and progressive ideas will not be entirely clear until we can gain an element of hindsight...
Why I Am a Socialist: The Principles of a Socialism for the Twenty-First Century Are Already Largely Present in the Socialism of William Morris
********** I am a socialist by inheritance. My mother, whose social origins were obscure, joined the Communist Party of Great Britain in the politically turbulent 1930s. My father was born in 1917 in Dublin's 'Little Jerusalem', to parents recently...
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