The latest data show that in the US nearly 20% of all firms are in the ‘zombie’ category, while in Europe it is as high as 40%. While these firms remain, they keep average profitability […]
If there is a new ‘consensus’ on international lending and economic support by multi-national agencies it sits on the surface of talking; when the walking begins, nothing has really changed. Michael Roberts is an Economist […]
While the real economy is in crisis and the climate crisis spins out of control capitalism’s answer is financial engineering and swindles that are traditional to the accumulation of and speculation in what Marx called […]
The finance sector carries on just as before, engaging in speculation and regulators cannot and do not stop them. Michael Roberts is an Economist in the City of London and a prolific blogger Cross-posted from Michael’s […]
18 March was the 150th anniversary of the beginning of the Paris Commune. The Commune (Council) was formed as result of what should be considered the first uprising and revolution led by the working class […]
Michael Roberts in best form. Long but truly a good read. Michael Roberts is an Economist in the City of London and a prolific blogger Cross-posted from Michael’s Blog Mark Carney has a book out. […]
It is one year to the day, 11 March 2020, since the World Health Organisation (WHO) declared the COVID-19 outbreak or epidemic as a ‘pandemic’, namely the global spread of the disease. Of course, COVID-19 […]
5 March 2021 was the 150th anniversary of the birth of Rosa Luxemburg, the great revolutionary socialist of the Polish-German labour movement. Luxemburg’s contribution to socialist ideas and to the struggle to replace capitalism is […]
Yesterday the British Chancellor presented his new budget. What is happening in Britain reflects what is occurring in the EU. Things are not going to plan. Michael Roberts is an Economist in the City of […]
Italian-American economist, Mariana Mazzucato, who works and resides in London, has become a big name in what we might call ‘centre-left’ or even in mainstream economic and political circles. She has a new book out, […]
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