Tag: 2008 economic crisis
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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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Putting the U.S. Economic Crisis in Perspective
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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Decline of the Dollar, Decline of the Empire?
Toronto — 18 January 2008. Moderated by Leo Panitch. Presentations by: Chris Rude is a political economist with an interest in finance. He has taught economics at NYU and the … Watch video »
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Financial Capital: Crises Are Part of the Game
Everything went well during the summer of 2007. The economy was in an upswing and stock-market prices rose even faster. Then the end of the housing boom in the United … Keep reading »