Trotsky’s guide to the credit crunch
More from the home of Trotskyist economics at Newsnight, this time on the Lehman debacle. It’s a place where irresponsible lending is ‘forcing debt down the throats’ of low income families; where the bank’s failure is really down to fat cat investment bank bosses trying to protect their future earnings; and where the real question when it comes to assessing the scale of the crisis is ‘so how does this … Continue reading