Video: Who Killed Economic Growth? (tags)
Once 90% of investment was productive. Now 90% of investment is speculative. States become errand boys of the banks. The real economy falls by the wayside. the financial sector must be shriveled.
Video: Ha-Joon Chang - "23 Things They Don't Tell You About Capitalism" (tags)
Ha-Joon Chang is a professor of economics at Cambridge and author of "Bad Samaritans" and "23 Things They Don't Tell You About Capitalism." This eight-part interview is presented by www.therealnews.com.
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.
America after the Attempted Assasination (tags)
For three decades, incomes and assets were increasingly unequally distributed in the US. While economic output increased 60% from 1990-2008, median income only rose 10%. All governments since Reagan's first term drove this development with their tax cuts, subsidies and neglect of educ.
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.
The Financial Crisis and the Failure of the Modern Economy (tags)
The US government debt shot up from 2.9% in 2007 to 5.9% in 2008 and 11.9% in 2009. At the summits of Washington, London and Pittsburg, the goat was made the gardener. Ineffective rules were resolved that hardly helped regulate the financial markets.
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.
"Ttopia can become Reality on the Internet!" (tags)
"We wanted to create an optimistic vision of the Internet without veiling the dangers and weaknesses of the system. Everything possible that happens today appeared utopian a few years ago. Our virtual country survived a dark period of its history and changed.."