Ann Pettifor argues that the events of the last week have transformed the crisis in the financial markets into an argument about the very foundations of the model of economic governance that rules the world.

Chris Marsden responds to the recent Guardian interview with the Chancellor, Alastair Darling, which, he writes, “reads like a cry of despair by someone who does not want to carry the can for Labour’s failure, but apart from this sees no way out.”