Financialisation was a way to defend capitalist society against its self-undermining tendencies.
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Finance
Larry Elliot: Is the Bank of England losing its way?
From The Guardian Central bank infallibility was always something of a myth. Much of the decline in inflation in the 1990s and early 2000s was due to globalisation rather than the brilliance of central bankers. […]
Economics
Bill Mitchell: Elements in a strategy for the Left
Another long but excellent article by bill Mitchell concerning where the Left in Europe has to go and how it has to change its thinking. Read here
Economics
Bill Mitchell: My response to a German critic of Modern Monetary Theory – Part 1
Bill Mitchell is one of the principal advocates of Modern Monetary Theory (MMT). In this posting he explains MMT and answers criticism by a German economist. Read here Also read our review of Mitchell and […]
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