Tag: 2008 economic crisis
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The U.S.-Turkey Stand-off in Context
The U.S. and the Weaponization of Global Finance Turkey was thrust into a full-blown currency crisis when U.S. President Donald Trump hoisted tariffs on Turkey’s steel and aluminium exports to the … Keep reading »
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The Time of Finance
The global financial crisis has done next to nothing to change the convictions of mainstream economists. But the widespread lament over their willful blindness seems misplaced: there was never a realistic possibility that the economics profession would voluntarily break with the methodological sophistication and statistical formalism at the heart of its identity. Keep reading »
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Underestimating Capital, Overestimating Labour
A Response to Andrew Kliman What caused the 2008 economic crisis? In an article published earlier this year, political economist Sam Gindin explained it “primarily as a financial crisis.” Writing for … Keep reading »
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The Elusive Recovery
The world capitalist crisis which began in 2008 not only persists but is worsening. The second half of the current year [2013] was supposed to be the period when growth in the major advanced countries would gather momentum. The IMF had predicted in spring that activity would “gradually accelerate.” Keep reading »
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Turkey: Crisis at Home, Crisis in the World*
Brazil, India, Indonesia, South Africa and Turkey are encountering significant economic turbulence. Since late 2008, the U.S. Federal Reserve has been pumping liquidity into financial markets, amounting to $85-billion a … Keep reading »
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In and Out of Crisis
The Global Financial Meltdown and Left Alternatives With the recent publication of their new book on the financial crisis and the crisis of the North American Left, In and Out Of … Keep reading »
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Roots of the Economic Crisis: Critical Perspectives
This workshop explores alternative interpretations of the current economic crisis. The presentations are from organized labour, community activists and academics. The focus of this workshop is critical engagement, discussion and debate. Presentations by Andrew Jackson, Toby Sanger and Justin Paulson. Watch video »
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Economic Crisis Hits States and Municipalities
Crises expose the system’s irrationalities and wasteful resource allocations. For example, Madoff and his many, smaller imitators reveal the tips of corruption icebergs. More important, the crisis-induced fiscal emergencies looming … Keep reading »
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World Slump
The Financial Crisis and Emerging Class Struggles in the Global South Toronto, June 28, 2009 – The political period that has opened up since the financial turbulence of 2007 began to … Watch video »
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Canada’s Big Five: Banking on the Crisis?
On the eve of the G-20 summit in London, Prime Minister Harper sang the praises of Canada’s big banks to the UK financial press: “[we have] the most free-enterprise financial … Keep reading »
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The Financial Crisis: a Socialist Perspective
Montreal, February 21, 2009. A strategy with short and medium term demands, geared to fostering the relation of forces necessary to move beyond capital. Presentation by Sam Gindin. Introduction by … Watch video »
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The Financial Crisis and American Power
An Interview with Leo Panitch What is your assessment of the relationship between this serious financial crisis emerging foremost in the U.S. and American power and economic decline? I don’t think … Keep reading »