fix articles 201759, market failure wherever one looks Los Angeles Indymedia : tag : market failure wherever one looks

market failure wherever one looks

Economics is not a Science (tags)

"Observations are central in a subject like economics where experiments are not possible.. Mathematics is misused to transport a certain ideology, the neoclassical theory of the market.. Capitalist crisis phenomena have made a fool of the harmony theory of the market.."

Worldwide Economic Crisis 2.0 or the Collapse of Neoliberal Finance Capitalism (tags)

The present crisis is a consequence of the fact that exploding business profits found inadequate investment opportunities in the productive sector and turned instead to financial speculation. Deregulation created "law-free" spaces" with the abrogation of all political controls.

Market Failure Wherever One Looks (tags)

7-8 million jobs lost in two years, 150,000 public sector jobs lost in September, are signs of total system incompetence. It's time to redefine state and market and adopt alternative economic policy with reduced working hours and infrastructure investment.

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