Category: Economy
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The Financial Crisis and Democratic Public Finance
First let’s be clear about capitalism – and with it the character of the state under capitalism. There is a conventional assumption, a leftover of the cold war perhaps, that … Keep reading »
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The Financial Crisis: Notes on Alternatives
Over the last quarter century, the left in most of the developed world has been marginalized as a social force. The ‘culture of possibilities’ for left alternatives has correspondingly narrowed. … Keep reading »
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Making the World’s Poor Pay
The Economic Crisis and the Global South The current global economic crisis has all the earmarks of an epoch-defining event. Mainstream economists – not usually known for their exaggerated language – … Keep reading »
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Financial Chaos and the Crisis of Neoliberalism
A workshop on understanding the credit crisis and its implications for wages, pensions, American power and Left alternatives Toronto — 26 October 2008. Coordinators: Greg Albo, community activist, Socialist Project and … Watch video »
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Looking for Solutions: Labour and the Crisis of Neoliberal Capitalism
The current financial turmoil besetting the world market and the Canadian economy has set in motion an intense struggle for solutions. The main policies that have come forward from the … Keep reading »
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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 »