financial crisis
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Minsky and socialism
Recently, the Levy Institute, the think-tank centre for post-Keynesian economics (and in particular the theories of Hyman Minsky, the radical Keynesian economist of the 1980s), published a short video that that shows Minsky explaining his theory of crises under capitalism in his own words at an event in Colombia, November 1987. It is a very… Continue reading
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The Cypriot Pawn By Thierry Meyssan
Washington was quick to use the financial crisis in Cyprus to implement a strategy for capturing capital described three weeks ago in these columns [1]. With the help of the Managing Director of the International Monetary Fund, US comprador Christine Lagarde, the American leadership challenged the inviolability of private property in the European Union and… Continue reading
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Statewatch News Online, 31 December 2012 (22/12)
012 — http://www.statewatch.org/ • e-mail: office@statewatch.org 1. EU: European Parliament study: Evaluating current and forthcoming proposals on JHA databases and a smart borders system at EU external borders2. EU: Council of the European Union: Exchange of EU classified information (EUCI) with third States and international organisations3. Council of Europe: Human Rights Commissioner: Restrictions on defenders of migrants’ rights should Continue reading
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Book Review: Wages without work
It is no longer a question of being out of work. The question is: on whose terms will we be unemployed? The financial crisis has thrown millions out of work and destroyed the future possibility of decent work for millions more. Many, if not most, of the unemployed and unemployable are women. With the TUC… Continue reading
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A different kind of Europe By Trevor Evans
The growth of private international financial institutions since the 1970s has seriously curtailed the ability of national governments to exercise democratic control over economic policy. This was vividly demonstrated early in the 1980s, when capital flight forced the French government to abandon its programme of progressive economic reforms. Since then, finance has become much stronger,… Continue reading
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Why Iceland Should Be in the News, But is Not By Deena Stryker
As one European country after another fails or risks failing, imperiling the Euro, with repercussions for the entire world, the last thing the powers that be want is for Iceland to become an example. Here’s why: Continue reading
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The Left Bloc and Resistance Across Europe
A major European Conference Against Austerity is slated for London on 1 October, as part of building and coordinating a set of mobilizations across the fall in Europe. A key zone for the anti-austerity struggle is Portugal. The administration of José Sócrates, of the ‘Third Wayist’ Partido Socialista, was already moving toward sharp public sector… Continue reading
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As Economy Crumbles, Media Goes into Ritual Politics Mode: What is Michelle Bachmann wearing? By Danny Schechter
And so it came to pass, as predicted, projected, and warned about, that the economy is about to tank again. No less an authority than Nouriel Roubini, once dismissed as “Dr. Doom” for his accurate predictions of the financial crisis in 2007 and 20088, is shaking his head and pointing his finger again. Continue reading
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EU bailout of Greece – “robbery and swindle” — RT
On the streets of Athens the voices of discontent are growing louder. From the next bailout installment the Greek politicians are eager to receive, the people will not get a penny, experts believe. Continue reading
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Video: Bilderberg: world’s fate sealed behind closed doors — RT
The Bilderberg Group, an invitation-only meeting of the world’s most powerful people, is taking place in Switzerland. Just what the political insiders, media moguls and industry magnates will actually discuss, remains top secret. Continue reading
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Why are we banking on banks to a promote economic recovery? By Danny Schecter
This week the financial crisis finally went prime time in the form of a big budget HBO docudrama called “Too Big To Fail.” Continue reading
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Today’s Must-See Animated Capitalist Takedown from RSA and David Harvey By Max Abelson
If you watch just one funny and handsome Marxist critique of the financial crisis, make it the Royal Society for the Encouragement of Arts, Manufactures and Commerce’s animated version of David Harvey’s RSA speech “Crises of Capitalism.” It’s been making the rounds this afternoon, and for good reason: Mr. Harvey, a Marxist scholar who heads… Continue reading
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Democracy Now Interviews Danny Schechter on His New Film “Plunder”
We speak with investigative journalist, filmmaker, and author Danny Schechter, ‘the News Dissector.’ His latest film features interviews with industry insiders to reveal how the financial crisis was built on a foundation of criminal activity. It’s called “Plunder: The Crime Of Our Time.” Continue reading
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Lies, nothing but damn lies and then there’s the mass media… By William Bowles
The US, along with the UK via their military and economic control, especially over the financial and oil markets are directly responsible for the current crisis, a crisis compounded by the massive financial fraud perpetrated by the major banks and investment corporations, a fraud that ordinary working people are being forced to pay for. Continue reading
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MEDIA LENS ALERT: ‘CREATIVE DESTRUCTION’ – THE MADNESS OF THE GLOBAL ECONOMY
MEDIA LENS: Correcting for the distorted vision of the corporate media February 5, 2008 Watching the corporate media report the ‘financial crisis’ is instructive. From the perspective of power, it is important that a steadying hand is applied to the tiller of news and commentary on the crisis, and the global economy itself. And so Continue reading
The New Dark Age 