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The global political economy is likely to remain in crisis for at least another three to five years, with high unemployment and slow growth. The character of this period makes a grim cyclical crisis worse by adding to it both a financial component and a deeper...
“Italy is now mathematically beyond the point of no return.” –Barclays Capital The situation in Europe gets more depressing by the day. Policymakers have waited too long and now events are beyond their control. The only way to avert a disorderly breakup and another...
Mat Little interviews the economist Harry Shutt about economic crisis and the left alternative. What marks Harry Shutt out as an economist is not that he predicted the financial crisis that struck in 2007 (two years before he warned of ‘an unavoidable financial...
This Thursday, in Washington, finance ministers and central bank governors of the BRICS group of emerging powers - Brazil, Russia, India, China and South Africa - will get together and, in the words of Brazilian Finance Minister Guido Mantega, "Talk about what to do...
To add to the debate regarding workers demanding above inflationary increases in the Business Day with a rebuttle by the deputy governor of the South African Reserve Bank (SARB) – this short response by Dick Forslund and Mazibuko Jara was not published. At the end of...
By Patrick Bond, Rehana Dada and Graham ErionWith climate change posing one of the gravest threats to capital accumulation - not to mention humankind and our environment - it is little wonder that economists such as Sir Nicholas Stern, establishment politicians like...