Misjudgments and Biden's foreign policy (tags)
Russia is to blame for our gas shortage, rising prices and high inflation. That's what the newspapers say, that's what you hear on the news and that's what presenters claim. Of course, this is not true. But the constant repetition shapes the public consciousness.
How the West betrayed Mikhail Gorbachev (tags)
Gorbachev wanted to transform the Soviet Union from a closed, repressive system into an open, communicative socialist system that would be part of the European family. This effort was called glasnost (openness) and was advanced through the reform movement called perestroika.
Oxfam Study: Six Reasons to be Outraged (tags)
Whether inequality harms or benefits was disputed for a long while. It could motivate individuals to more effort and stimulate growth, one side believed. It takes the chances for education and development from those who are poorer, the other said... Money buys power.
Overdue farewell to dogma (tags)
Mainstream economics did not see the crisis coming – and so far it has not done much to overcome it. However, at least in the USA, a rethink has started.
Liberating the Economy from Prejudices (tags)
Economics is not an immutable unchangeable fate but a human system where changing rules changes outcomes. James Galbraith and Joseph Stiglitz are two well-known economists who question the myths of conventional economics, the self-healing, efficient and deregulated market
Book Review: "The Greatest Predatory Attack of History" (tags)
The 1933 Glass-Steagal law created a firewall between commercial and investment banks and prevented speculators from gambling with the money of savers. Restoring Glass-Steagal would restore trust and public spirit. Profit-making is not profit-maximizing; speculating is not investing.
Three Approaches to the Economic Crisis (tags)
Before 1980, wages, productivity, investments and production pushed one another and ensured general prosperity. After 1980 wages were dropped as a driving force of economic demand. Demand gaps were filled by consumer credits.
From Financial Crisis to Stagnation: An Interview with Thomas Palley (tags)
"The way economies are organized and function is significantly the product of social choices, not the product of nature. Over the past thirty years we (society) have embraced a set of economic ideas..."
The International Crisis Report, from Curitiba, PR, BR (tags)
Adjusting to avoid the concentration of the financial system, maintaining that system under the domain of public power and invest in infrastructure and in social policies are functions that the state should recover from the current global crisis. That is what said the teacher called Alex Izurieta, senior secretary of
International WShappens December the 6th to the 11th (tags)
We want a debate not from the perspective of the market because the market heralds resolved now that they will make the solution for what themselves caused, with their bad conduction of economic policy
Bail-Out, Economic Democracy and the Socialist Path (tags)
David Schweickart, political philosopher, discusses the financial crisis, what it exposes about capitalism, how it can set the stage for economic democracy, and open the socialist path.