State Indebtedness as a Power Strategy (tags)
Contracting debts exploded under neoliberalism since the 1980s - unlike the state debts in the Keynesian era from the 1950s to the 1970s - and produced s structural debt bondage for the overwhelming majority.
The Bank Tribunal in Berlin (tags)
Even today most radical market liberals do not see beyond their ideological blinders and explain the financial market crisis as a state breakdown. The financial catastrophe is a fiasco of their religious doctrine. The catastrophe plunged the dominant economy into a crisis of meaning.
Lessons from the Crisis (tags)
Governments are extorted by multinational corporations. Those who made massive profits with bank business must now answer for the losses. The taxpayer may not pay for their crises. If control is not exercised by politics, banks will become absolute rulers with a state guarantee.
"How can the state finance itself in times of worldwide competition without damaging the national econmy? How can it find the old strength without creating new poverty?.. There is no system-conforming way out of this vicious circle.."
"A Subtle Form of Hypocrisy" (tags)
Between 1980 and 2003, $1.8 trillion in interests alone flowed from the South to the North. The heavy debts of developing countries more than tripled in this time period.