Nèdeem Elmahjoub's blog

In one of the richest cities on earth. This was already going on a few years before the pandemic. “In recent years, food bank usage in the UK has risen sharply following 10 years of government austerity measures, welfare reforms and a widening gulf between earnings and living costs. With the economic downturn brought on by the pandemic, which has further exacerbated existing inequalities, food banks across the UK are struggling to meet demand.” A day in the life of a London food bank

"Socialism" to save neoliberalism? Related: (from the Financial Times) By a defender of capitalism and "the gains of the free market" in the last decades. "More complex will be the response on welfare and inequality. While the pandemic is not a crisis of capitalism, it highlights the system’s weak spots, most notably around unprotected workers and those on precarious incomes. Many lost jobs will not come back as companies see means and need for leaner operations. For some this will strengthen the case for a universal basic income or a more generous safety net. At the very least we are likely to see demands for more protections for gig workers. The crisis strengthens those who want policy to think of the less fortunate." And this one: " Bailouts will again be needed now , given a  market downturn that mirrors 1929  and an economic contraction likely to be sharper than during the previous financial crisis. But if we want capitalism and libera...

Disease, debt and depression

95 suicides or about one death every four days! "In the drive to make universities profitable, there is a fundamental confusion about what they are for. As a result, there has been a shift from prizing learning as an end in itself to equipping graduates for the job market, in what for some can be a joyless environment. At the same time as access to university was dramatically expanded, spending on public services was slashed: in the decade after the financial crash, day-to-day spending on public services as a share of GDP was at its lowest since the late 1930s. This meant savage cuts to local authorities, schools budgets and NHS mental health provision." In addition to the workload at university, according to a 2014 report , "a significant number of students  (45%) do paid part-time  work alongside their studies, with 13% doing a 35-hour week." That's what we call joyful learning and learning to develop critical thinking! In reality, corporate universit...

"The hidden story of Arab mental health"

England Why are so many young mums struggling with depression?

"By contrast with their forebears in the 1960s and 1970s, British students today appear to be politically disengaged. While French students can still be found on the streets protesting against neoliberalism, British students, whose situation is incomparably worse, seem resigned to their fate. But this, I want to argue, is a matter not of apathy, nor of cynicism, but of reflexive impotence . They know things are bad, but more than that, they know they can’t do anything about it. But that ‘knowledge’, that reflexivity, is not a passive observation of an already existing state of affairs. It is a self-fulfilling prophecy. Reflexive impotence amounts to an unstated worldview amongst the British young, and it has its correlate in widespread pathologies. Many of the teenagers I worked with had mental health problems or learning difficulties. Depression is endemic. It is the condition most dealt with by the National Health Service, and is afflict...

"The psalm is a song of being forsaken. The feeling of being forsaken, an “immense and aching solitude” as William Styron put it, even amid crowds, even among friends, even when no real-world abandonment has taken place, is common in depression. (Styron began to experience melancholic depression late in life, after developing an intolerance of alcohol. But his description, in  The Confessions of Nat Turner , of the hero's feeling of abandonment by his God in the aftermath of his failed uprising, suggests that he might have known this all along.) But if the song is also a dream, we might ask what sort of wish-fulfilment that could be. What sort of satisfaction there is to be had, or avoided, in abandonment. And whether idealisation can also be a defence against consummation." The Night Season

Capitalism's next crisis

The Long Depression in Italy

The long depression Via Michael Roberts " Back in work, still out of pocket : Labour market recovery since the Great Recession - the jobs gap will not be closed until 2017 at the earliest AND the wages gap may never be closed. Some countries have real wages over 20% below where they would have been without the Great Recession and subsequent weak recovery. The UK scores worse than Greece on this relative measure . According to a study by the OECD, the labour market recovery in OECD countries has been steady but slow s ince the Great Recession. More worrying is the fate of wage growth over the same period.  The jobs recovery has been underway since the first quarter of 2010, when the OECD average employment rate reached its post-crisis trough, with only 58.6% of the population (ages 15-74 years) employed. This was 2.2% lower than the employment rate in 2007, corresponding to 20.3 million missing jobs. Despite the slow and uneven nature of the economic recovery, the jobs de...

The Long Depression: How It Happened, Why It Happened, And What Happens Next

The Long Depression: Marxism and the Long Crisis of Capitalism by Michael Roberts (Haymarket Books, 19 July 2016)