Economy

Long Read 21 January

Are trade unions the answer to the economic crisis?

Perhaps it was inevitable that, with the rekindling of interest in the economic analysis of Marx and Engels on the crest of the current global economic crisis, the idea of organised labour as a force for good would emerge somewhere down the line. But a couple of columnists — Will Hutton in the Guardian and Nobel laureate, Joseph Stiglitz, in the New York Times — both refer to an unlikely advocate for trade unionism in pieces published over the weekend: the International Monetary Fund.