The new Prime Minister must abandon decades of automatic support for US foreign policy, which makes us all less safe, argues DIANE ABBOTT MP
FOLLOWING its $1.9 trillion Covid relief package, the Biden administration has further announced an infrastructure package of $2.3 trillion.
But in contrast to the former which is to be spent within months, the latter is to be spent over an eight-year period. And this package in turn is to be followed by a “human infrastructure” package. All this adds up to a massive stimulus for the economy as well as a massive redistributive programme, especially since the infrastructure package is proposed to be substantially financed through an increase in corporate tax rates.
Donald Trump had reduced corporate tax rates in the US from 35 per cent to 21 per cent, and Biden wants to raise the tax rate to 28 per cent, not immediately of course but over a period of time.
The future does not have to be climate chaos and social breakdown. MARC VANDEPITTE looks at the alternatives offered by the Global Justice Report, co-authored by Thomas Piketty
Only an ambitious programme of state-led investment can restore growth and improve living standards, argues MICHAEL BURKE
If the government really wanted to address public finances, improve living standards and begin economic recovery, it would increase its borrowing for investment, argues MICHAEL BURKE
Western nations’ increasingly aggressive stance is not prompted by any increase in security threats against these countries — rather, it is caused by a desire to bring about regime changes against governments that pose a threat to the hegemony of imperialism, writes PRABHAT PATNAIK



