Thursday, March 22, 2012
Listen to how capitalism is ripping itself apart in the US from two people who think there was a lost golden age when capitalism was not corrupt.
The lost golden age of capitalism has always been a myth but free market idelogues will more vehemently assert the myth has capitalism take a nose dive.
Posted by nickglais at 12:59 PM
Saturday, March 17, 2012
Friday, March 9, 2012
“If the peripheral nations still had their own currencies, they could and would use devaluation to quickly restore competitiveness. But they don’t, which means that they are in for a long period of mass unemployment and slow, grinding deflation. Their debt crises are mainly a byproduct of this sad prospect, because depressed economies lead to budget deficits and deflation magnifies the burden of debt.”
“The afflicted nations [the PIIGs], in particular, have nothing but bad choices: either they suffer the pains of deflation or they take the drastic step of leaving the euro, which won’t be politically feasible until or unless all else fails (a point Greece seems to be approaching). Germany could help by reversing its own austerity policies and accepting higher inflation, but it won’t.”
Posted by nickglais at 2:04 PM
Thursday, March 8, 2012
The interview with Michael Hudson on Modern Monetary Theory verses the dominant Chicago School is very good and is in second half of this programme.
Posted by nickglais at 12:03 PM
Tuesday, March 6, 2012
Political Economy Research: for those interesting in serious study of Communist Manifesto also look at this multimedia introduction to the Communist Manifesto here:
Posted by nickglais at 11:11 AM
Monday, March 5, 2012
This event in Rimini deserves emulation - it takes political economy to the masses - it takes on the Neo Liberals in a new way - It may have limitations for the perfectionists but it is a welcome new initiative.
Posted by nickglais at 12:00 AM
Saturday, March 3, 2012
Posted by nickglais at 2:29 PM
Political Economy Research publishes this video for information purposes,we do not agree with pro market line of the speakers.
Posted by nickglais at 2:14 PM