Recent Articles

Thousands trapped in negative equity

Bankers’ bedtime stories lead to Nanny Boom

Housing market in jeopardy as first-time buyers vanish

Larry: addressing inequality will benefit us all

Larry: why is everyone still spending?

Pawn shops thrive as credit tightens

No housing for Olympians now the Gods have failed

Dan: Inflation - ‘a year of going backwards’

Pets feel the crunch!

Dan: Housebuilders hit by ‘gazundering’


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    Welcome to The Gods That Failed blog.

    Our new book was published on 5 June by The Bodley Head, and we've set this up to give ourselves, and the public, the chance to learn about and discuss the economic crisis that we're currently all facing.

    It's high time people realised how and why we've reached the state we're now in. The Gods that Failed argues that we need a new system: instead of an increasingly risk-prone, privatised, profit-driven economic model overseen by a largely unaccountable and speculation-obsessed elite, we need an economy that is run and regulated in the interests of ordinary people.

    Larry Elliott - House prices: welcome to the bust

    Posted by Editors on May 29, 2008 at 4:13 pm

    “Any suggestion that Britain’s overblown, over-hyped and over-valued property market is set fair for a gentle soft landing after the excesses of recent years has just been exploded. We’ve had the boom: welcome to the bust.”

    House prices have once again hit the headlines today as Nationwide announced that house prices had recorded their largest monthly fall since 1991. Read Larry Elliott’s take on this news here.

    Dan Atkinson - Reasons to be fearful

    Posted by Editors on May 29, 2008 at 4:08 pm

    Call this a crisis? Dan Atkinson certainly does. Read his latest article on thisismoney.co.uk here.

    Larry Elliott on Howard Davies’ talk at Hay

    Posted by Editors on May 28, 2008 at 11:51 am

    Click here to read Larry Elliott’s posting on the Guardian’s Comment is Free blog about City expert Howard Davies’ talk at Hay.

    The credit crunch around the world

    Posted by Editors on May 28, 2008 at 11:38 am

    We know how the credit crunch is affecting the UK, but how about Africa, Australia and Asia? Click here to read The Sunday Times’ piece comparing the effects of the credit crunch across the globe.

    Larry Elliott - Who will carry the can for inflation?

    Posted by Editors on May 27, 2008 at 5:59 pm

    There’s no doubt that Gordon Brown needs to do something about the economy - and fast - to win back some supporters, but here’s why Larry Elliott thinks it won’t be easy for Brown to regain control of inflation. The Independent also questions who actually controls ‘our inflationary destiny’ - click here to read it.

    So it seems there’s little Brown can do to help us  - BBC News looks into his options for easing our economic woes here.

    Larry Elliott - ‘It could tip the economy into recession’

    Posted by Editors on May 23, 2008 at 4:37 pm

    Listen to Larry talk about the soaring oil prices and what this might mean for the economy here.

    Why there’s a 95% chance of a recession

    Posted by Editors on May 23, 2008 at 4:34 pm

    According to MoneyWeek, it’s very likely that there will be gloomy times ahead…

    UK economy grows at slowest rate for three years

    Posted by Editors on May 23, 2008 at 4:31 pm

    The Financial Times has this piece today on the latest news from the Office for National Statistics that growth in the UK’s economy has slowed.

    Oil prices reach a new high of over $135 per barrel

    Posted by Editors on May 22, 2008 at 5:45 pm

    The BBC had this story on May 22nd on soaring oil prices, which have more than doubled in the past year.

    Dan Atkinson - ‘Labour’s Pillars Crumble’

    Posted by Editors on May 22, 2008 at 5:17 pm

    Click here to read Dan’s recent post on thisismoney.co.uk about how Labour’s two pillars of economic management are crumbling in the current financial climate, leaving little left of Gordon Brown’s ‘platform of stability’.

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    The Gods That Failed
    How Blind Faith in Markets Has Cost Us Our Future

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    The Credit Crunch - what's actually happening?
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    What's the story politically?
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    Why is it called The Gods that Failed?
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