The Gower Initiative for Modern Money Studies
An independent, non-profit organisation – part of a growing international movement challenging the economic orthodoxy of the last five decades
The ‘government as household’ myth is directly responsible for neoliberal governments getting away with treating the welfare of citizens (those they are meant to represent) as non-essential discretionary spending. As …
Party conferences dish up pie-based economics Read MoreWhat is the mantra of ‘growth, growth, growth’ – without any structural changes or interventions to reconfigure the basic operations of the economy – but a new variant of the …
‘Mini budget’ shows contempt for ordinary people as government banks on growth at any cost Read More“MMT is fully consistent with the notion that those who opposed government (deficit) spending for public purpose, might gladly embrace such spending if only directed towards subsidizing and ‘derisking’ the …
At the crossroads of change, leaders cling remorselessly to the catastrophe of the status quo. Read More“Neoliberalism has had a free rein in the West since 1980 and has been increasingly untrammelled. We have also seen 40 years of wars to establish its hegemony and resource …
Candidates reject “handouts” as households face crippling hardship Read More“You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.” Buckminster Fuller While the Tory leadership hopefuls have …
As Britain deals with hunger, record temperatures and wildfires, Tory candidates bicker over tax cuts and borrowing Read More“Have we fallen into a mesmerized state that makes us accept as inevitable that which is inferior or detrimental, as though having lost the will or the vision to demand …
Johnson resigns, but the toxic market-driven ideology will remain, whoever his successor Read More“Real generosity towards the future lies in giving all to the present.” Albert Camus, Notebooks 1935-1942 The Debt Doomsters are back (did they ever go away?). Rishi Sunak is …
True consequences of government policy are far worse than a waste of taxpayers’ money Read MoreThe good we secure for ourselves is precarious and uncertain until it is secured for all of us and incorporated into our common life. Jane Addams, US social reformer and …
Splendour of the Queen’s Speech brings no relief for hungry people Read More“When people live in a fair, caring society, where everyone has equal access to social goods, they don’t have to spend their time worrying about how to cover their basic …
Cabinet brainstorms quick fixes for the cost-of-living crisis to avoid the real solution Read More“Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius — and a lot of courage to move in the opposite direction.” …
The needs of people must prevail over myths of a duty to balance the books Read More