Nèdeem Elmahjoub's blog

London: Life support system of the super-rich Alpha City:  How London Was Captured by the Super-rich How the super-wealthy took over London

State intervention may be back, but don't assume neoliberalism is dead Related Here is what the Financial Times , a supporter of neoliberal capitalism of last 40 years is suggesting to reform a system in a deep crisis and thus preserve it: "Radical reforms — reversing the prevailing policy direction of the last four decades — will need to be put on the table. Governments will have to accept a more active role in the economy. They must see public services as investments rather than liabilities, and look for ways to make labour markets less insecure. Redistribution will again be on the agenda; the privileges of the elderly and wealthy in question. Policies until recently considered eccentric, such as basic income and wealth taxes, will have to be in the mix."

Imperialism, globalisation and the profitability of labour

Financialisation and the UK economy (An audio interview)

After the Panama Files, the "Mafia Files"? "The UK's National Crime Agency would not comment on any current investigation but told the BBC that organised crime syndicates laundered hundreds of billions of pounds a year through London, mainly through complicated company structures." The tentacles of the Italian mafia

Mazzucato draws inspiration for her activism from two sources: on the one hand the heterodox economics of Karl Polanyi and on the other hand the democratic ambition of John F Kennedy. JFK inspires Mazzucato to call for the economy to be given a “new mission”. Polanyi’s analysis of the economy as a constructed social artefact makes this seem possible. If the market was made by the state then it can presumably be remade. The question, of course, is how. Unfortunately, the boldness of Mazzucato’s vision and the brashness of her rhetoric are not matched by the depth or coherence of her answer to this basic question. "Mariana Mazzucato's bold mission to reform the global economy"

England Is the rent too damn high?

This is an exageration . Banks, hedge funds, etc, have found in London a safe haven. Panama Files and Roberto Saviano, and others, have demonstrated that Britain financially "is the most corrupt country on earth", the most deregulated financial hub and most aggressive neoliberal economy in Western Europe. Where will banks and their associates find a better place?

British imperialism, the City of London and brexit