STWR - Share The World's Resources

The Wall Street meltdown is not only due to greed and to the lack of government regulation of a hyperactive sector. This collapse stems ultimately from the crisis of overproduction that has plagued global capitalism since the mid-1970s - and the worst is not yet over, says Walden Bello.

The most fundamental flaw in the US financial market system is its inherent drive towards excess, and the end result is always systemic implosion.The costs are now coming headlong like a runaway freight train, writes Henry C K Liu.

The financial meltdown in the United States is huge, but it isn't unique. In a nutshell, our modern economic system has become divorced from what an "economy" is supposed to do in human terms, writes Joshua Holland.

The world economic crisis is at an early stage, manifesting itself primarily in the area of finance, but it will spread from the US to the "new industrial countries" and the global contraction in production will lead to stagflation.

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.

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

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.