Today’s news that the German economy, the powerhouse of Europe, had narrowly avoided a ‘technical recession’ in the second half of 2018 is another red light flashing for the world economy. Michael Roberts – Economist […]
In part two of Michael Robert´s analysis of the euro currency, he considers the impact of the global slump of 2008-9 and the ensuing euro debt crisis on prospects for the euro. For part 1 […]
In part one, Roberts will consider whether the euro has been a success for capital in the participating states; and whether it has been good news for labour. In part two (here), he considers whether […]
One can always count on a Marxist not to lose his head. We have kept our articles concerning Brexit at a minimum to spare our readers the hysteria currently dominating British political discussion, much of […]
Is it supply that drives an economy or demand? Read here
Michael Roberts looks at the newest numbers concerning worldwide inequality. Michael Roberts – Economist in the City of London and prolific blogger Cross-posted from Michael Roberts Blog Every year, I refer to the Credit Suisse […]
“What does the term ‘financialisation’ mean and does it add value to our understanding of the contradictions of modern capitalism and guide us to the right policy to change things?” Read here
Was Keynes the great internationalist who aimed to make capitalism a stable system through macro management on a world scale? Read here
Was Keynes a revolutionary in economic thought and policy? Was he at least radical in his ideas? Or was he a reactionary opposed to the interests of working people and a conservative in economic theory? […]
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 […]
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