Under current policy, welfare cuts are just a small downpayment on future austerity, argues MICHAEL BURKE
Michael Burke


Exempting military expenditure from austerity while slashing welfare represents a fundamental misallocation of resources that guarantees continued decline, argues MICHAEL BURKE

Washington’s tariff policies become explicable in light of the US economy’s relative decline and the astonishing rise of China, argues MICHAEL BURKE

While slashing welfare and public services, Labour’s spring statement delivers a bonanza for death-dealing bomb merchants. We now see the true and terrible face of austerity 2.0, writes MICHAEL BURKE

In his first of a new monthly economics column MICHAEL BURKE argues that public-sector investment is more effective, more productive than private-sector investment

Driving down living standards is official policy, along with preaching to workers they must not demand better. In fact, only strikes and resistance will restore economic balance, writes MICHAEL BURKE