Contours of Crisis III: Systemic Fear and Forward-Looking Finance
Third in a series of articles on the current crisis.
By Shimshon Bichler and Jonathan Nitzan | June 11th
The rituals of finance condition investors to look forward and price assets based on expected future earnings. But what happens during a systemic crisis, when the future of capitalism itself is in doubt?
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All That Glitters Is Goldman Sachs
By Robert Zevin | May 20th
“When I told a friend who runs a program in community economic development the subtitle of my talk, ‘A Primer on Skullduggery in High Finance,’ he replied, ‘Isn’t that redundant?’” Read more »
Contours of Crisis II: Fiction and Reality
Second in a series of articles on the current crisis.
By Shimshon Bichler and Jonathan Nitzan | April 28th
Economists tell us that the current crisis is our punishment for letting the fiction of finance distort the real economy. But what exactly is this “real” economy and how does finance distort it? Do the economists have a clue?
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Shovel-Ready in Canada
By Maurice Dufour | February 19th
Pundits are praising the financial health of the United States’s northern neighbor—but should they? Read more »
Picking Up the Crumbling Pieces
Sixth and Final Installment in a Series on the Subprime/Securitization Panic
By Larry Peterson | February 4th
A look at the medium- and longer-term significance of the crisis, and specifically at what must be dealt with comprehensively to avoid serious long-term economic weakness. Read more »
A New Vision for the Department of Labor
By Kim Bobo | January 28th
Billions of dollars in
wages are stolen from millions of workers every
year. Here’s how the Department of Labor could stop it.
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Contours of Crisis I: Plus ça change, plus c’est pareil?
By Shimshon Bichler and Jonathan Nitzan | December 31st
First in a series of articles on the current crisis. The series aims to outline some of the important contours of the crisis, to situate these patterns in historical context, and to reflect on their possible causes and implications.
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Whose Interests Will Shape Obama’s “Change”?
By Ismael Hossein-zadeh | December 23rd
The market meltdown has made change an urgent universal demand, but the question is: what kind of change? Whose mandates or interests will guide the course of the urgently needed change? The answer depends on the outcome of the balance of power, or the outcome of the ongoing (though largely submerged) class struggle.
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Contagious Defections
By Mark Engler | December 18th
How far will mainstream economics go in breaking with the increasingly discredited Washington Consensus?
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The Impasse Ahead
By Korkut A. Erturk | December 12th
Government efforts to stimulate demand won’t be enough to stop the downward recessionary spiral. While the stock market searches for its own bottom, the fate of the economy depends on the health of the dollar.
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