Dan Bailey

  • Permalink Gallery

    The rise of Housing Support and the free market principles holding back deficit reduction

The rise of Housing Support and the free market principles holding back deficit reduction

The amount of spending on housing support has grown rapidly in recent years. One reason for this is that the government’s obligation to subsidise housing for the poorest is a clear incentive for private landlords to push up the costs of rent and thus push up the cost of housing support. At the same time, with the aim of reducing […]

  • Permalink Gallery

    Policy action is urgently needed to deflate the ‘carbon bubble’ and encourage investment in renewable energies

Policy action is urgently needed to deflate the ‘carbon bubble’ and encourage investment in renewable energies

The ‘carbon bubble’ refers to the over-valuation of certain publicly-traded energy companies with substantial fossil fuel assets. Financial markets aren’t currently incorporating the need to keep much of these fossil fuel reserves in the ground due to environmental imperatives. The carbon bubble and simultaneous under-investment in clean energy demonstrate again the limits of a financial sector intent on maximising […]

We must defend public libraries from the threat of a market-based ideological framework

Since the global financial crash, public libraries in the UK have come under threat in the face of local government budget cuts. It is the logic of market values and profitability, rather than by a concern for inequalities, community and inclusive access to information and literature, which is the criteria upon which this area of public spending is being judged. Daniel Bailey […]

David Cameron’s speech this week revealed the neoliberal undercurrents of state austerity

David Cameron’s declaration that austerity should be a ‘permanent’ feature of the British political economy was made in a context that would have made even Marie Antoinette wince. It was a speech which seemed to reveal more the ideological dimension to the deficit reduction agenda. Stripping away the state support of the most vulnerable in society at a time of hardship […]

The new realities of climate change mean that we must pursue a ‘post-growth’ capitalism that is no longer reliant on consumption to lead economic recovery.

Western economies face a twin paradox of consumption: greater consumption may help us to get out of the current economic crisis, while at the same time, it is one of the main causes of climate change. Dan Bailey writes that we can no longer rely on consumption to be the guarantor of prosperity. He argues that political economists must now turn their […]

The argument for de-sensitising the UK economy from oil through energy diversification is compelling

Oil has long been the very life blood of the global economy, and its price fluctuations have in the past had significant economic implications. Dan Bailey argues that the UK economy would benefit from not being so systemically reliant on an exogenous, unstable and finite resource. Capital investment projects designed to upgrade the UK’s energy infrastructure would promote long-term economic and environmental […]