Europe Solidaire Sans Frontières
, by APLUTSOC
The about-face by Trump on the evening of 9th April regarding tariffs cannot be analysed in terms of “transactional strategy” and other gobbledygook for immature business school students. Regardless of whether Donald is conscious of his actions or not, which is not the most important aspect of (…)
, by ROBERTS Michael
It’s not April Fools day (1 April). But it might as well be as later today US President Donald Trump announces another barrage of tariffs on imports into the US in what Trump calls ‘Liberation Day’ and what America’s voice of big business and finance, the Wall Street journal, has called “the (…)
, by CADTM, TOUSSAINT Éric
CADTM : Are we witnessing a crisis
This is a major crisis of the globalized capitalist system, the worst crisis since those of the years 1914-1945
Éric Toussaint : Yes. All the warning lights are flashing: there is a very significant economic slowdown (stagnation in the Eurozone in the last (…)
, by ROBERTS Michael
Stock markets are jumping back up today. It seems that financial investors think the monetary authorities and banking supervisors have got the banking crisis under control. That could be wishful thinking.
The banking crisis of 2023 is not over yet. The Californian ‘tech’ bank Silicon Valley (…)
, by ROBERTS Michael, SMITH Ashley
The banking industry has been beset by a series of failures, government bailouts, and takeovers. The crisis in these banks has sent stock markets around the world into gyrations. What caused all of this? Is this a passing crisis? What impact will it have on the real economy? Spectre’s Ashley (…)
, by BFS/MPS
Since Sunday, 19 March 2023, it has been clear that the ailing Swiss bank Credit Suisse will be taken over by its competitor UBS. However, this new monster colossus has only come about because once again the Swiss state is stepping into the breach and thus the wage earners are being obliged by (…)
, by ROBERTS Michael, SMITH Ashley
The world economy is mired in a crisis of stagflation not seen since the 1970s. Economies are slowing or in recession, central banks are jacking up interest rates in an attempt to control inflation, and workers and oppressed people are yet again bearing the cost of the crisis and alleged (…)
, by YEUNG Karen
Zhu Jun from the People’s Bank of China says the risk is small, but the world must be alert to the threat. Economies around the world have been hit by the measures taken to stop the spread of Covid-19.
China’s central bank has warned the international community to be alert to the risk of a (…)
, by DURAND Cédric, KEUCHEYAN Razmig
In a Le Monde op-ed, economist Cédric Durand and sociologist Razmig Keucheyan argue that underinvestment in hospitals, the fragilities of globalization, support for banks rather than wages, and the oil price war, have combined to trigger the current crisis
The chain of events that the world (…)
, by TOUSSAINT Éric
We are witnessing a big crisis in the stock markets of the Wall Street, Europe, Japan and Shanghai, and many blame the coronavirus for it. In the last week of February 2020, the worst week since October 2008, the Dow Jones fell 12.4%, the S&P 500 fell 11.5% and the Nasdaq Composite fell (…)
, by BOND Patrick
After their 1944 birth at a New Hampshire hotel, the International Monetary Fund (IMF) and World Bank turned 75 years old this year, long past a reasonable retirement age. For the sake of global financial management, most reformers’ hopes rest in changing the character of the Bretton Woods (…)
, by LUCITA Eduardo
While some economists claim that the world economy is heading towards long-term stagnation, others claim that what we are seeing is a short cycle. Analysts of the world economy are divided between those who foresee a recession and those who think it is just a question of controlling a slowdown. (…)
, by HUSSON Michel
Ten years after the bankruptcy of Lehmann Brothers, more and more analyses are being produced centring on two questions: how did it happen? Can it happen again? But they are almost all centred on the workings of finance, past or future. The point of view adopted here is a little different, since (…)
This is an edited version of a speech given at The World Transformed 2018 panel on 10 Years Since the Financial Crisis: Transforming the Global Economy, in Liverpool last month.
The panel at the World Transformed (l to r): Ann Pettifor, Raquel Rolnik, Grace Blakeley, Dorothy Grace Guerrero (…)
, by BELLO Walden
It is now clear that financial crises are not discrete events but are linked phenomena that have been unleashed on the globe ever since the financial markets were liberalized during the Reagan-Thatcher era in the early 1980’s. To take just the three most prominent crashes, surplus capital that (…)
, by PASHKOFF Susan
Following the latest economic crisis and in discussions amongst comrades, the words overproduction/underconsumption crisis and overproduction in the sense of capitalism needing constant growth and accumulation to keep both profits and the rate of profits up are often conflated. The idea of (…)
, by GREEN Pete
Pete Green, Left Unity Economic Policy Commission convenor, reviews Bankocracy by Eric Toussaint, just published by Resistance Books and IIRE.
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As I was preparing this review a couple of items in the news caught my eye. One was that George Osborne in Brussels was (…)
, par HENRIKSSON Lars
There have a lot of great analyses and interpretations of the world and I won’t try to compete with them. I’ll say a few words about changing the world.
I don’t have any great success story to present, just a few thoughts about solving the old contradiction between jobs and the environment, in (…)
, by TOUSSAINT Éric
Since 2008, the Fed has granted unlimited credit to banks at an official rate of 0.25%. In fact, as the General Accounting Office (GAO) has revealed, the Fed has lent close to $16 trillion at an interest rate below 0.25%. [1] The report shows it has not followed its own prudential rules and has (…)
, by DHAR Sushovan
We vividly remember how the collapse of Lehman Brothers almost destroyed the world financial system.
There was neither remembrance nor anamnesis of that horrible day which shook the financial world and brought it to its knees six years ago. On September 15, 2008, the world witnessed the (…)
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