Category: Economy
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Responses From The South To The Global Economic Crisis
International Political Economy Conference Final Declaration Caracas, October 11, 2008 Academics and researchers from Argentina, Australia, Belgium, Canada, Chile, China, Cuba, Ecuador, France, Mexico, Peru, Phillipines, South Korea, Spain, United Kingdom, United … Keep reading »
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Wall Street Panic, Main Street Pain and Policy Choices
Government Responses to the Financial Crisis: Meltdown and Bailouts Falling house-prices triggered a financial crisis in the summer of 2007. Increasing numbers of people who had borrowed against their property, whose … Keep reading »
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The Current Crisis: A Socialist Perspective
‘They say they won’t intervene. But they will.’ This is how Robert Rubin, Bill Clinton’s Treasury Secretary, responded to Paul O’Neill, the first Treasury Secretary under George W. Bush, who … Keep reading »
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Comparing Crises: The 1930s, the 1970s, and Today
Boom or bust, Wall Street keeps people busy. Everybody debates the U.S. government’s $700-billion bailout plan these days. After the bankruptcy of the Lehman Brothers investment bank, who’s next was … Keep reading »
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Market Meltdown
Capitalism and the Crisis of Neoliberalism Toronto — 17 July 2008. Presentations by: Introduction Greg Albo, Professor of Political Economy, York University Jim Stanford, Economist, Canadian Auto Workers David McNally, Professor … Watch video »
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Perspectives on the U.S. Financial Crisis
It is time to take stock. The centrality of the American economy to the capitalist world – which now literally does encompass the whole world – has spread the financial … Keep reading »
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Global Finance, the Current Crisis and Challenges to the Dollar
It is not often that we find ourselves living through financial turmoil so serious that the International Monetary Fund calls it “the largest financial crisis in the United States since … Keep reading »
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Disaster in the Making: Canada Concludes Its Free Trade Agreement With Colombia
What’s the monetary value of a Colombian trade unionist’s life? As it turns out, it depends on how many are killed in a given year since the potential fines the … Keep reading »
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Falling Wages, High Prices and the Failure of an Export-Oriented Economy
In April 2008, after a wave of protests over low wages and high food prices, including an attempt to generate a general strike by many workers and social activists on … Keep reading »
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Farmers Seek Defenses Against the Giants of Agribusiness
Around the world, farm income is plummeting, pushing farmers off the land and into destitution. At the very same time, soaring food prices are putting tens of millions onto starvation … Keep reading »
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The Credit Crisis in Canada: The First Six Months
The 2007 credit crisis irrupted in Canadian financial markets in mid-August. The immediate backdrop to this was the growing concern in financial markets about the value of assets underlying commercial … Keep reading »
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Differences between 1982 and 2007-2008
In 1982, the external public debt crisis of the developing countries was triggered by the combined effects of the rise in interest rates imposed by the United States two years … Keep reading »