Tag Archives: crisis

Inequality and Post-neoliberal Globalisation

Having people believe that massive inequality is the fair outcome of a competitive process that is ultimately good for all is the ideological foundation of the current regime. The crisis has put an end to this fairy tale as free … Continue reading

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The Right Way to Control the Banks

The answer, now widely accepted but clearly not appreciated sufficiently at the time, is that the 2008 crisis was made possible by an extremely fragile financial system in which banks and many other businesses indulged in excessive leverage—too much borrowing—as … Continue reading

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Por trás da crise “financeira”, a velha luta de classes

Marx estava certo, por mais que economistas superficiais tentem negá-lo: causa das turbulências econômicas é enriquecimento sem-fim da burguesia. É surpreendente verificar que a extensíssima literatura produzida sobre as causas das crises atuais se tenha centrado tão pouco no conflito … Continue reading

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Humanitarian impacts of the economic crisis in Europe – Red Cross

Creating a sense of predictability and security has traditionally been attributed to what a society offers to its citizens. Today, as the economic crisis has planted its roots, millions of Europeans live with insecurity, uncertain about what the future holds. … Continue reading

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Great Transformations: Economic Ideas and Institutional Change in the 20th Century

Mark Blyth argues that economic ideas are powerful political tools as used by domestic groups in order to effect change since whoever defines what the economy is, what is wrong with it, and what would improve it, has a profound … Continue reading

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Capitalism based on borrowed money

Be it the United States or the European Union, most Western countries are so highly indebted today that the markets have a greater say in their policies than the people. Why are democratic countries so pathetic when it comes to … Continue reading

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Why the Euro Crisis Is Also a Generational Conflict

People vs. banks, north vs. south, and rich vs. poor? While all of these conflicts may be real, one of the biggest issues of the euro crisis is rarely discussed: Older people are living at the expense of the young, … Continue reading

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Ajustes de esquerda e de direita na Europa

França e Espanha escolheram estratégias diferentes para enfrentar a crise. Pela esquerda, François Hollande tentou proteger o gasto público e colocar o acento em uma maior arrecadação mediante aumento de impostos para os setores mais ricos da sociedade. Na Espanha, … Continue reading

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O capitalismo neoliberal está morto: que venha o capitalismo regulado

O coração do sistema, os bancos, já não funciona. E não há como fazê-lo voltar segundo a fórmula tradicional, antes da liberação financeira, de captação de recursos no mercado a curto prazo e financiamento do sistema produtivo a longo prazo. … Continue reading

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Crisis of the eurozone and the Left: Responses to the global economic downturn

The situation in Europe points to the palpability of regression. It makes that apparent because, at this level of crisis, the Left is unable to be an important factor. For decades we have been hearing from the Left, “When a … Continue reading

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