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Financial Crisis
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  1. Age of Austerity
    Capital, the Financial Crisis and the State in Canada

    Resource Type: Article
    Published: 2016
    The financial and economic crisis of 2008 has left a continuing legacy on social welfare, showing up in slow economic growth, unemployment and underemployment, and increasing social conflict. In the debate over the future of the world economy, many foresee a long depression, and the intensification of neoliberal austerity. Geoffrey McCormack and Thom Workman's new book is concerned with Canada's unique economic and social history over the period of neoliberalism, including the financial and economic crisis of 2008.
  2. An Anti-Capitalist Manifesto
    Resource Type: Book
    Published: 2003
    An extended argument about what the anti-capitalist movement should stand for.
  3. Capitalism is still in dreamland
    Despite the markets' excesses, policymakers think they are in control

    Resource Type: Article
    Published: 2008
    Reporting on the World Economic Forum 2008, the author finds the IMF's suggestion to cut taxes and interest to be perpetuating the myth that the crises is one of liquidity rather than solvency.
  4. Chicken Game: Eurocrisis, Again.
    Washington vs. Berlin

    Resource Type: Article
    Published: 2012
    How does one take an autonomous position against the European policies of social butchery without falling into nationalist, anti-German nostalgia or into rhetoric against “Anglo-Saxon speculation”? How do we put together struggles about rights, work and life with a constitutive struggle on the issue of debt, while avoiding any recourse to solutions “from above” to the risk of default?
  5. Failed neo-liberalism sees SA sleepwalking into a revolution
    Resource Type: Article
    Published: 2013
    Two decades into democracy the outcomes of our economic system and its policy framework are unambiguous: increased poverty, increased inequality, increased unemployment, escalating costs of living and doing business. How else does one measure the success of any economic model if not on its ability to provide sustainable increases in the well-being to the majority of its citizens?
  6. Governments Must Act for Sustainable and Equitable Recovery
    Sources News Release

    Resource Type: Article
    Published: 2012
    On this May Day, Global Unions call on governments to assume their responsibilities and join together to end the crisis. They need to create decent, sustainable jobs and stand up for the rights of people at work.
  7. The Great Financial Crisis
    Resource Type: Book
    Published: 2009
    Foster and Magdoff are able to examine the complex interconnections associated with rising debt, weakening production and investment, stagnant wages, burgeoning unemployment, rapidly growing class inequality, spiraling global economic instability, and spreading militarism and imperialism.
  8. Greece and the Future of European Democracy
    Disfunction in the Eurozone

    Resource Type: Article
    Published: 2015
    Interview with Tariq Ali, author of "The Extreme Center: A Warning". Discussion addresses the current economic situation in Greece and the European Union's role in it.
  9. Iceland's Revolution
    Resource Type: Article
    Published: 2016
    After its financial crisis, Iceland put bankers in jail. But it didn't rein in capital. In reality the responses to the 2008–9 Icelandic banking crash were only modestly progressive and failed to bring about any kind of shift to the left. They have also been much more contested locally than most international media accounts reflect.
  10. Killing the Host
    How Financial Parasites and Debt Bondage Destroy the Global Economy

    Resource Type: Book
    Published: 2015
    In Killing the Host, economist Michael Hudson exposes how finance, insurance, and real estate (the FIRE sector) have seized control of the global economy at the expense of industrial capitalism and governments.
  11. Marx on Financial Bubbles: Much Keener Insights Than Contemporary Economists
    Resource Type: Article
    Published: 2016
    While paying homage to Marx for his profound understanding of "the laws of motion of the capitalist mode of production," most contemporary economists argue that, nonetheless, his economic analysis cannot be of much service when it comes to the study of modern banking and big finance, since these are relatively recent, post-Marx developments. I will argue in this essay that, in fact, a careful reading of his work on "fictitious capital" reveals keen insights into a better understanding of the instabilities of today's financial markets.
  12. A Marxist History of the World part 105: The 2008 Crash: from bubble to black hole
    Resource Type: Article
    Published: 2012
    The financial crisis represents the end of an era in which greed and casino-madness had been given free rein by market deregulation and rising debt.
  13. A Marxist History of the World part 106: The Second Great Depression
    Resource Type: Article
    Published: 2012
    Four years after the beginning of the crisis, the neoliberal elite is trapped by the contradictions of the system on which its wealth depends.
  14. A Marxist History of the World part 82: The Hungry Thirties
    Resource Type: Article
    Published: 2012
    Beginning with the Wall Street Crash in 1929, the world economy entered the Great Depression. The misguided policies that world leaders pursued ensured that millions of lives were torn apart.
  15. The Money Crisis: How bankers grabbed our money -- and how we can get it back
    Resource Type: Book
    Published: 2015
    A historical analysis exposing the flaws in the system that led to financial crisis.
  16. The North-South Institute
    Media Profile in Sources

    Resource Type: Organization
  17. Other Voices: The Connexions Newsletter - July 3, 2015
    Greece and thd debt crisis

    Resource Type: Serial Publication (Periodical)
    Published: 2015
    Our spotlight this issue is on the debt crisis facing Greece. To understand the crisis, one has to look beyond the mainstream media to alternative sources of information. We've done that, with articles that set out to analyze the nature of the debt burden that has been imposed on the citizens of so many countries, not just Greece. Also: celebrating Grace Lee Bogg’s 100th birthday.
  18. Other Voices: The Connexions Newsletter - April 1, 2017
    April 1 issue

    Resource Type: Serial Publication (Periodical)
    Published: 2017
    Other Voices always strives to present you with alternative views on important topics. This issue offers some really alternative perspectives and even some "alternative facts." As always, read critically - and enjoy.
  19. Puerto Rico: a Junta By Any Other Name
    Resource Type: Article
    Published: 2016
    Empire is once again fashionable. The financial crisis that is presently gutting the island of Puerto Rico plays out like the world's worst case of botched assisted suicide. The sell of its municipal funds and its constitutionally guaranteed promise of repayment to investors has plunged the island into a very precarious situation for its millions of citizens and the opportunity of a lifetime for hedge fund vultures.
  20. Resisting Neoliberalism
    Introduction to the April 9, 2015 issue of Other Voices

    Resource Type: Article
    Published: 2015
    Neoliberalism is a fraud. The so-called free markets and free trade which it pretends to promote are in fact controlled by giant corporations, and massively subsidized by workers and ordinary citizens.
  21. The Revenge of History
    The Battle for the 21st Century

    Resource Type: Book
    Published: 2012
    A critical account of the first decade of the twenty-first century.
  22. Sources HotLink - June 30, 2016
    Resource Type: Serial Publication (Periodical)
    Published: 2016
    Articles about the FBI and the information it gathers, Donald Trump and the media, and the role of pharmaceutical companies in suppressing information.
  23. Bird and Fortune - Subprime Crisis
    Resource Type: Film/Video
    Published: 2008
    The Subprime mortgage crisis explained. John Bird and John Fortune (the Long Johns) brilliantly, and accurately, describing the mindset of the investment banking community in this satirical interview.
  24. A Warning From the B.I.S.: the Calm Before the Storm?
    Resource Type: Article
    Published: 2016
    The Bank for International Settlements (BIS) is worried that recent ructions in the equities markets could be a sign that another financial crisis is brewing. In a sobering report titled "Uneasy calm gives way to turbulence" the BIS states grimly: "We may not be seeing isolated bolts from the blue but the signs of a gathering storm that has been building for a long time."
  25. We attacked the bankers, but took our eyes off the whole rotten system
    Prince Andrew says that bonuses are minute 'in the scheme of things'. He is half-right. We must take the focus off individuals

    Resource Type: Article
    Published: 2009
    Much focus has been placed on individual bankers who, despite the banking crisis, are collecting exorbitant bonuses, diverting attention from the underlying systems that allow banks to own and trade risky securities -- a more intrinsic contributor to the economic crisis.
  26. We can't go on like this
    Resource Type: Article
    Published: 2013
    The legitimacy of capitalism as a way of organising society has been undermined; its promises of prosperity, social mobility and democracy have lost credibility. But there has been no radical change. The system has repeatedly come under fire, but it has survived. What has happened? What can be done about it?
  27. What is to be done with the banks? Radical proposals for radical changes
    Resource Type: Article
    Published: 2016
    Nine years after the outbreak of the financial crisis that continues to produce damaging social effects through the austerity policies imposed on victim populations, it's time to take another look at the commitments that were made at that time by bankers, financiers, politicians and regulatory bodies. Those four players have failed fundamentally in the promises they made in the wake of the crisis – to moralise the banking system, separate commercial banks from investment banks, end exorbitant salaries and bonuses, and finally finance the real economy. We didn't believe those promises at the time, and for good reason.
  28. Why American Financial Markets Have No Relationship to Reality
    An Economic House of Cards

    Resource Type: Article
    Published: 2014
    The bullion banks (primarily JP Morgan, HSBC, ScotiaMocatta, Barclays, UBS, and Deutsche Bank), most likely acting as agents for the Federal Reserve, have been systematically forcing down the price of gold since September 2011. Suppression of the gold price protects the US dollar against the extraordinary explosion in the growth of dollars and dollar-denominated debt.

Experts on Financial Crisis in the Sources Directory

  1. World Bank
  2. World Customs Organization


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