From Neoliberalism to Possible Alternatives 1. Introduction The objective of this article is to outline possible alternatives to capitalism in its neoliberal phase. In 2007, the deepest world crisis since the Great Depression started and has continued with neither a theoretical nor a practical solution to date. It has exacerbated economic stagnation, inequality, poverty, and environmental destruction. As a response to the crisis, countries have applied keynesian but mostly neoliberal (...)Lire la suite
What has gone wrong? Are the diagnoses commonly offered valid? Why do the medicines that have been prescribed not work? Could it really be possible that European politics at the highest level fails to understand the cause of the crisis and to address it with a consistent plan?Lire la suite
UNCTAD was set up in 1964 to support developing countries to strengthen their weak position in international economic structures, and to design national development strategies.
In the past two decades, however, the developed countries have tried to curb the pro-South orientation of the UNCTAD secretariat and its many reports.
20 years on, CADTM is active on every continent alongside men and women who are fighting to free the world’s peoples from imperialism, neo-colonialism, capitalism and patriarchy, with abolition of the debt as the spearhead of its action.Lire la suite
The term ‘national bail-out’ is therefore inaccurate, because they’re not bailing out the whole of the existing financial system - they’re bailing out the banks, the capitalist class, forgiving them their debts, their transgressions, and only theirsLire la suite
I can’t make a prediction as to how far things are going to fall. But there is a danger of a collapse of prices and jobs well beyond the government’s ability to manage.Lire la suite
Keynes’s critique of capitalism never ceased to be relevant, as is now readily apparent. But economic orthodoxy was unable to move beyond Keynes to address the larger issues he raised (nor did Keynes himself in the end do so)Lire la suite
John Bellamy Foster is editor of Monthly Review and professor of sociology at the University of Oregon. He is the coauthor with Fred Magdoff of The Great Financial Crisis: Causes and Consequences, recently published by Monthly Review Press. This is a heavily abridged version of an interview was conducted by Mike Whitney that first appeared at Dissident Voice - http://www.dissidentvoice.orgLire la suite
Sheriff or cowboy? That was the question that we raised on the De Larosiere Group as their report on European financial regulation was launched yesterday. Eurodad staff joined colleagues from Corporate Europe Observatory and Friends of the Earth to dress up in checked shirts and hats and parade outside the European Commission’s Berlaymont building.Lire la suite
Yes, debt audits work! Brazil managed to reduce its foreign debt stock by half after a debt audit initiated by the government of Getúlio Vargas in 1943. As of today, this is one of, if not, ‘the’ most successful experience in terms of achieving actual debt cancellation as a result of an auditing process (see page 06 for an account of the Vargas’ debt audit).
However Brazil has engaged in other audit efforts more recently. It is on these more recent efforts that this report focuses.