Costas Lapavitsas

The health emergency that broke out in 2020 is a landmark event in the development of capitalism, confirming the underlying change signalled by the Great Crisis of 2007-9. The Pandemic Crisis has catapulted the state to the centre of economic activity. However, a historic impasse is steadily becoming apparent at the core of the world economy. Productive accumulation is flaccid,...

We are living through a cost of living crisis, with interest rate hikes and the prices of everyday consumables and energy bills sky-rocketing. Why is this happening? Sometimes we are told that wages are too high, or that the government has "printed" too much money or that events far away, such as the war in Ukraine, are solely to blame....

Many on the Left see the European Union as a fundamentally benign project with the potential to underpin ever greater cooperation and progress. If it has drifted rightward, the answer is to fight for reform from within. In this iconoclastic polemic, economist Costas Lapavitsas demolishes this view. He contends that the EU’s response to the Eurozone crisis represents the ultimate...

Britain is broken: its economy hollowed out, unbalanced, and unable to provide good livelihoods for millions. We import too much, make too little, and keep wages low. Neoliberalism has failed. Reindustrialise Britain puts forward a concrete, costed programme for real economic renewal: rebuilding the foundations of industry, expanding manufacturing, and lifting productivity through skilled work, investment, and domestic capacity. It...