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Neoliberalism is creating loneliness

Capitalism and Mental Health

The psychoanalytical framework developed by Marxist Erich Fromm strongly challenges the dominant biological and individualistic explanations of the mental-health crisis that is now sweeping the globe. Fromm emphasized that all humans have certain needs that must be fulfilled in order to ensure optimal mental health. It follows that capitalism is crucial to determining the experience and prevalence of mental well-being, as its operations are incompatible with true human need. | more…

Opening Ceremony Celebration of NHS. London 2012 Summer Games

The Battle for the National Health Service

England, Wales, and the Socialist Vision

England and Wales represent two very different, indeed incompatible, approaches to health care. In the former, health care has come under increasing threat from the predatory forces of privatization. In Wales, however, an explicit effort has been made to defend socialist values and formulate them for the twenty-first century, defending and expanding a system that puts the health and well-being of its citizens over profit. | more…

UK Monopoly Capitalism

Applying a North American Brand to Britain

During the past decade, persistent excess productive capacity, at levels exceeding at times 25 percent, has blighted the British economy, along with rates of unemployment not experienced for two decades, with the result that a substantial proportion of the economy’s productive resources remain underutilized. Orthodox economic theory often ascribes such phenomena to a lack of capital for investment. However, in the same period, interest rates have been historically low, and the UK corporate sector has accumulated increasing reserves of surplus capital. Clearly, there has been no shortage of capital for investment. The failure to invest stems not from the supply of capital, but instead from the paucity of investment opportunities, suggesting that British capitalism is mired in stagnation. | more…