‘Economist Ann Pettifor explains how America’s industrial decline has its roots in the dismantling of the international monetary system established at Bretton Woods and in the rise of a global financial system that prioritizes capital […]
The US stock market is bullish, but there are signs that the financial system has found new ways to re-produce risky lending crisis eerily familiar to the notorious sub-prime loans in 2008. Michael Roberts is […]
The US economy would be in recession-territory if it were not for the enormous bet that has been placed that AI really will deliver productivity growth in short order, a bet that looks perilous. Michael […]
Gold is another speculative asset class and a hedge against the US Dollar. Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from Michael Roberts’ blog This week the price […]
The far-right’s approach to finance seeks to channel financial rents back into national capital, but has little interest in tightening regulations or benefiting workers. Inga Rademacher is a lecturer in International Political Economy at City St. […]
‘The crash of 2008 was supposed to augur the end of ultraspeculative financial capitalism. But financial actors have actually gone from strength to strength since then, and fictitious capital is a bigger menace to global […]
What are financial assets worth in uninhabitable cities? Nothing. Robert Hunziker lives in Los Angeles and can be reached at rlhunziker@gmail.com. Cross-posted from Counterpunch Capitalism, like Antarctica and like the Amazon rainforest, is under threat of destruction by […]
Why should the left be concerned by the falling value of rich people’s stocks? Branko Milanović is an economist specialised in development and inequality. His newest book is “Capitalism, Alone: The Future of the System […]
Let’s see whether when it comes down to it, Von Der Leyen is really prepared to take on Silicon Valley and Wall Street. Read the article HERE.
The idea that the government is using “taxpayers’ money” when it spends limits spending options and marginalises sections of the population. Eric Tymoigne is an associate professor of economics at Lewis & Clark College and a […]
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