Home Title Index Topic Index Sources Directory News Releases Sources Calendar

Financial Bailouts
AlterLinks Topic Index

  1. Bubbles Always Burst: the Education of an Economist
    Resource Type: Article
    Published: 2015
    Spouting ostensible free market ideology, the pro-creditor mainstream rejects what the classical economic reformers actually wrote. One is left to choose between central planning by a public bureaucracy, or even more centralized planning by Wall Street’s financial bureaucracy. The middle ground of a mixed public/private economy has been all but forgotten, denounced as "socialism." Yet every successful economy in history has been a mixed economy.
  2. 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?
  3. Greek Debt and the New Financial Imperialism
    Resource Type: Article
    Published: 2016
    Describes how the Greek goverment is forced to extract income and wealth from its workers and small businesses resulting in a new form of financial imperialism that smaller states and economies, planning to join larger free trade zones and 'currency unions' should avoid at all cost.
  4. 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.
  5. 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.
  6. The new colonialism: Greece and Ukraine
    Resource Type: Article
    Published: 2015
    According to Jack Rasmus, aA new form of colonialism is emerging in Europe. Not colonialism imposed by military conquest and occupation, as in the 19th century. Not even the more efficient form of economic colonialism pioneered by the U.S. in the post-1945 period, where the costs of direct administration and military occupation were replaced with compliant local elites allowed to share in the wealth extracted in exchange for being allowed to rule on behalf of the colonizers. In the 21st century, it is 'colonialism by means of financial asset transfer.' It is colony wealth extraction by colonizing country managers, assigned to directly administer the processes in the colony by which financial assets are to be transferred. This new form of colonialism by direct management plus financial wealth transfer is now emerging in Greece and Ukraine.
  7. Parasites in the Body Economic: the Disasters of Neoliberalism
    Resource Type: Article
    Published: 2015
    Michael Hudson discusses his new book, "Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy."
  8. 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.
  9. 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?


AlterLinks


© 2021.