Climate Crisis
Heidi Chow: Pakistan’s floods show the climate crisis is also a debt crisis
Re-building Pakistan will be hamstrung by the country’s €12.5 billion in debt repayments due this year alone Read the article HERE
Financial Institutions
Economics
Richard D. Wolff – Behind the ‘Economic Policy’ Façade, It’s Class War
Given the accumulation of problems confronting global capitalism today, bringing system change into the discussion is long and desperately overdue. Richard D. Wolff is professor of economics emeritus at the University of Massachusetts, Amherst, and […]
Climate Crisis
Bill Mitchell: It all adds up to the conclusion that system change is required not progressive tinkering
Bill covers a number of current events in this analysis. Read Here
Economics
Marc Beckmann: The distributional effects of monetary policy
Eight main lessons distilled from an academic literature review on the nexus of inequality and monetary policy Cross-posted from Positive Money Europe Inequality has long been a foremost public concern, but not so for central […]
Economics
Philipp Heimberger – How the ECB is trying to prevent a new Euro crisis
Monetary policy-makers are using PEPP reinvestments to buy Italian government bonds while reducing the portfolio of German bonds Philipp Heimberger is an economist at the Vienna Institute for International Economic Studies (WIIW) This article originally […]
Economics
Philipp Heimberger, Lea Steininger – ECB interest rate hikes will damage climate protection policies
On 21 July, the European Central Bank decided to raise interest rates for the first time since 2011 in a bid to curb inflation. With further rate rises potentially on the horizon that climate protection […]
Economics
Bill Mitchell: Where are all the economists? Its lucky they have gone AWOL
The ‘cost of living’ crisis has structural dimensions – the privatised essential services etc which has spawned profiteering at the expense of service quality and scope and has been a problem for several decades now. […]
Economics
Noam Chomsky – 21st-Century US Foreign Policy Is Shaped by Fears of China’s Rise
The U.S.-China rivalry is likely to dominate world affairs in the 21st century. In this geostrategic game, certain states outside the western security community, such as India, are expected to play a key role in […]
Austerity
Richard Murphy – Universal basic services are the only answer to the crisis we are facing
A lengthy in depth look at what is probably in store for the British economy in the near future. A lot of this is also relevant for the EU Richard Murphy is an economic justice […]
Austerity
Yanis Varoufakis: Inflation as a Political Power Play Gone Wrong
The blame game over surging prices is on. Was it too much central-bank money being pumped out for too long that caused inflation to take off? Was it China, where most physical production had moved […]