Author: Scott Aquanno
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The Power of Finance Is Inherent to Capitalism
Analysts of financialization often present it as a sign of capitalist decline, yet the rise of finance has actually strengthened capitalist domination. The only way to challenge this power is by converting finance into a public utility. Keep reading »
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The New Finance Capital has Blurred the Line Between Industrial and Financial Corporations
Critical scholars and progressive politicians alike have today widely embraced the view that finance is a parasitical and corrosive force on the “real” industrial economy. According to this perspective, ‘financialization’ … Keep reading »
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From Neoliberalism to the New Finance Capital
As the global economy entered another historic crisis in March 2020, the US Federal Reserve implemented a massive support program to stabilize financial markets. In doing so, it expanded upon … Keep reading »
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The Bank of Canada: In Crisis and Beyond
Viewing the COVID-19 pandemic as a purely exogenous shock, Canadian economists and policymakers have tended to predict a quick return to economic growth once health restrictions are lifted. As an … Keep reading »
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Conversion: Alternatives for the GM Shutdown
GM’s announcement that it will halt production at its award-winning assembly plant in Oshawa, Ontario was hardly a surprise, though it still managed to stun the federal and Ontario governments. #SaveOshawaGM #GreenJobs Keep reading »