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Thousands trapped in negative equity

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Housing market in jeopardy as first-time buyers vanish

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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!

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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.

    Fuel strikes begin


    Posted by Editors on June 13, 2008 at 10:55 am

    Shell workers today begin a strike that could leave one in ten pumps dry, say the Telegraph.  While many complain that drivers are overpaid, they insist that their wages have not risen since 1992.

    In chapter 3 of The Gods that Failed, Larry and Dan discuss the strikes of the 70s and 80s, and the correlation between the development of the free market economy and strike action. They quote Bernard Levin:

     ‘Has he [Edward Heath] any idea what a man earning £20 a week feels when he sees speculators about to make untold millions by befouling Piccadilly Circus and Covent Garden and indeed any other bits of any other city they can get their hands on?’ (Times, May 30 1972)

    Despite government warnings not to panic buy, the Times reports a rush on petrol stations yesterday.

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