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Global Financial Crisis

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Soaring capital flows, a debt-based consumer culture and unbalanced trade between countries all contributed to the worst financial crisis since the Great Depression. The question now is whether governments follow a 'business as usual' model based on self-interest and inequality, or one that promotes equitable development based on moral and social principles.

Latest Articles

The Financialization of Capital and the Crisis

The regime of monopoly-finance capital benefits a tiny group of oligopolists who rely heavily on speculation - a deep-seated contradiction intrinsic to the development of capitalism itself.

Globalization of the American Crisis

If the US economy crumbles, it will drag most countries with it - and the world still awaits the fatal sting of the crisis

Crisis Talks

A lack of international cooperation defines the current financial crisis - which bears comparison to the situation in 1929

Farewell Free Markets

There is a crisis in free market ideology - but the movement towards state intervention won't last

U.S. Economy: Empire on the Brink

March 12.  Crude oil for April delivery hit $110 per barrel.  The US dollar fell to a new low against the Euro.  It now takes $1.55 to purchase one Euro. These new highs against the dollar are the ongoing story of the collapse of the US dollar as world reserve currency and corresponding collapse of American power.

Does GDP Really Capture Economy's Health?

America's so-called gross domestic product is an enormous number and an important number, but is it the right number? That's the question that comes before the US Senate Wednesday in an unusual hearing on the far from perfect science of measuring economic activity.

Save the Market from Market Forces

Neo-liberalism is slowly fading away - that is, if we define neo-liberalism as an ideology that steadily wants to reduce and belittle the role of government and promote ever freer markets. 

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