Can state-capitalist China inherit the USA as hegemon? (tags)
China's growth is also running on credit, and the People's Republic is similarly highly indebted as the descending Western centers of the world system.10 The Chinese deficit economy is generating even far greater speculative excesses than was the case in the U.S. or Western Europe,
The Forgotten History of the Financial Crisis (tags)
In the United States between late 2008 and early 2009, 800,000 people were losing their jobs every month. By 2015, over nine million American families would lose their homes to foreclosure—the largest forced population movement in the United States since the Dust Bowl.
Economics in the times of the coronavirus (tags)
Most people’s thinking is determined by the development of the Covid-19 crisis, the return of “the hour of executive power” (Gerhard A. Ritter), i.e. state of exception legislation, and the fears which it evokes as well as the economic measures in response to the health crisis.
What is a Crisis? A Retrospect on the 2008 Economic and Financial Crisis (tags)
The economic guild interprets crisis through an ideological lens. The financial crisis is redefined as a state debt crisis. Illuminating the systemic causes of crisis or discussing the crisis proclivity of the capitalist system is not possible anymore.
European Bank Socialism (tags)
The motto "Too big to fail" frees the financial sector from all chains. In the future, the banks will not have to assume any liability for taking irrational risks. Instead they can commit fraud without limit-in a system that already leads us to the brink and creates millions of unemployed.
Bona Fide Eurozone Crisis (tags)
class war
Bretton Woods 2.0: Soros New World Order Conference (tags)
new world order
The Shift of Power to the East and South (tags)
The shift of political and economic power from West to East and North to South and the rapid development of technological innovations have created a completely new reality..The claim of the US and Europe to being masters of the universe must be ended.
The "Houdini Recovery" under IMF-Type Austerity (tags)
the recovery is the big lie
More from the Front Lines of the Financial Crisis (tags)
The worst is yet to come.
Pulling the plug won't mean the end of the world; there is an alternative. Let's do a Kevorkian on this rotten system.
In other news - IMF reports globalization doesn't help the poor (tags)
While the world's attention is focused on war in Iraq, the International Monetary Fund has released a study finding there is little evidence that globalization helps poor countries. In other words, the protesters were right all along.