Monday 15 September 2008

Monday, September 15, 2008
Hugh 

Trotsky's guide to the credit crunch

More from the home of Trotskyist economics at Newsnight, this time on the Lehman debacle. It's a place where irresponsible lending is 'forcing debt down the throats' of low income families; where the bank's failure is really down to fat cat investment bank bosses trying to protect their future earnings; and where the real question when it comes to assessing the scale of the crisis is 'so how does this compare to the miners' strike?'

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