Austerity Versus Stimulus | by Prabhat Patnaik

IT is obviously silly to push for austerity in the midst of a recession, not just silly but cruel, since it prolongs the pain of unemployment. The recession is caused by a deficiency of aggregate demand. To overcome it what is necessary is an increase in demand which...

Has the crisis peaked yet | by Eric Toussaint

In the eye of the storm: the debt crisis in the European Union (6/7)In July-September 2011 the stock markets were again shaken at international level. The crisis has become deeper in the EU, particularly with respect to debts. The CADTM interviewed Eric Toussaint...