With no money forthcoming from central government, the north east town wants its own alternative to austerity.
Until the economy’s overdependence on finance is ended, lower prices risk triggering a recession that costs us all.
The message, from a driver’s perspective, is clear – take the work you are given, or you may find the quality and quantity of the work offered starts to deteriorate.
The EU’s institutions are an innate obstacle to building a socialist economy.
The UK economy over the past two and half years has suffered subdued growth, with output now some 2-3 per cent below where it would otherwise have been.
To avoid economic blackmail by the markets, any socialist government would need to impose limits on the movement of money by investors.
Wage stagnation and austerity have left consumers too poor and indebted to allow stores to generate profits.
A global economy in which too much power and wealth is concentrated at the top is inherently unstable.
After the slowest recovery in history, Britain would face a new crash in a significantly weaker position than 2008.
Cheap credit is creating the conditions for the next financial crisis.
From our decaying public realm to rising homelessness.