Economics
Kate Allen: No, the housing crisis will not be solved by building more homes
Acutally a book review, but it gets to the point very quickly. Read here
Financial Institutions
Finance
Nicole M. Aschoff: “Too Big” Is Too Little
Bernie Sanders is right: we need to rein in the big banks. But we shouldn’t just break them up — we should socialize them. Read here
Austerity
Ashoka Mody: Why Italy could be facing a disastrous new recession
Even if the Chinese economy merely slows down global trade deceleration will continue and if, in addition, the global trade war escalates, global economic conditions could deteriorate rapidly. Italy will face the ill-effects of a […]
Economics
Dani Rodrik: Why nation-states are good
The nation-state remains the best foundation for capitalism, and hyper-globalisation risks destroying it Read here
Economics
Ann Pettifor – On Theresa May, Danny DeVito and ‘other people’s money’.
Once again we are posting an article about how governments finance themselves. We do this because most people in the EU still believe that taxes are the source of government spending. It is not. In […]
Austerity
Stathis Kouvelakis & Costas Lapavitsas: Syriza’s Repressive Turn
Alexis Tsipras’s government promised to end austerity. Now it’s defending the banks against people evicted from their homes — and persecuting those who protest. Read here
Corruption
Bloomberg: The Hypocrisy of Outrage Over Danske Bank
The fight against corruption depends on whether it wins votes. Read here
Economics
Mariana Mazzucato: Who Really Creates Value in an Economy?
Ten years after the global economic crisis, profits have recovered, but investment remains weak. Ultimately, the reason is that economic policy continues to be informed by neoliberal ideology and its academic cousin, “public choice” theory, […]
EU politics
Michael Roberts: Regulation of banks does not work
There is one big lesson from the Danske Bank money laundering scandal. Regulating the modern banking system does not work. Modern banks are now primarily giant hedge fund managers speculating on financial assets or they […]
Economics
Nick Shaxson – The Finance Curse
The financial sector is hailed as the crowning glory of the UK economy. But as it blooms, everything else withers. This is true wherever the financial sector becomes dominant in the economy, similar to what […]