Skip to main content
Advertise with the Morning Star
10 years on from the crash, what have we learnt?
We can expect the financial sector giants to do everything in their power to stop Jeremy getting into Downing Street, writes KEN LIVINGSTONE
The Lehman Brothers headquarters building at Canary Wharf in London

It’s 10 years since the collapse of Lehman Brothers created the worst economic crisis since the Great Depression of the 1930s, but governments have failed to make changes necessary to prevent a similar collapse.

Back in the 1930s, the US government responded by introducing new laws that made it illegal for the local high street banks to make risky gambling decisions.

Today, if anything, the financial sector is growing more powerful and wealthier than ever. More and more of the wealth created across the world is going into the pockets of the richest 1 per cent and via methods that mean they seldom pay any tax. The result is that across the Western world inequality is getting dramatically worse and the lives of ordinary people are being squeezed. It is the anger of ordinary people responding to this injustice that fuelled the votes to elect Trump and to take Britain out of the EU.

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
Similar stories
Wes Streeting gives a speech at the Fabian Society
Features / 10 February 2025
10 February 2025
The Labour Party, once the proud architect of our health service, has become its undertaker, argues CLAUDIA WEBBE
Activists from Fossil Free London and Green New Deal Rising
Features / 31 January 2025
31 January 2025
BERNIE EVANS despairs of a government that is asking the crooks sucking Britain dry how to get the economy back on track
Chancellor of the Exchequer Rachel Reeves at the Confederati
Features / 14 January 2025
14 January 2025
Instead of responding to changed circumstances by adjusting policy, Reeves is using fiscal ‘rules’ as an excuse to force government departments to make even deeper cuts than she had already flagged, says CLAUDIA WEBBE
PAWNING BRITAIN: Prime Minister Sir Keir Starmer with Black
Features / 3 December 2024
3 December 2024
Keir Starmer’s BlackRock enthusiasm is a clear give-away for Tory continuity plans, argues CLAUDIA WEBBE