‘Sound Finance’ Imperilling Democracy | by EPW

What if debt deflation strikes, will the Eurozone’s financial elite still bay for sound finance? Finance capital’s imposition of fiscal austerity on both sides of the Atlantic – and this at a time when private consumption and investment are stagnating – is pushing the...

The growth paradigm: a critique | by Gareth Dale

In respect of climate change, the hurricane that tore into New York was the game changer. The floods it unleashed forced the authorities to organise a mass airlift evacuation of much of the city’s population, and to begin planning the relocation of the city’s stock...

Economic crisis and class struggle | by Phil Gasper

Are recessions better for the left or right, asks Phil Gasper? The most fundamental argument in favor of socialism is that capitalism is an irrational system that over the long term cannot meet the basic needs of the majority of the population because of its tendency...