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What will life look like down the road if we don't reverse economic inequality? We must see through the myths of capitalism and build a mass movement if we are to save ourselves. Nobel Prize-winning economist Joseph Stiglitz, one of America's most prescient voices,...
Friday, June 1, is a date that marks a shift in the public consciousness of the state of the US and global economy. What was touted for months over the past winter as a rebound taking hold in the US economy and that the US economy was ‘exceptional’ and would not...
Everyday the same news – Greece lurches nearer to a default, the financial markets panic, and governments come up with a few more euros or some soothing words to calm them for a few hours. The meltdown has been put off for another day.Almost every commentator accepts...
One side effect of the American/British occupation of Iraq is that it sparked public debate on a dark secret of international finance: the debts taken on by odious regimes. As Iraq's new rulers debate what to do about the billions of dollars in foreign debts inherited...
The large Belgian Bank, Dexia, went bust over last weekend. It provides a lot of pointers about the role of banking and how it fits into this crisis. Dexia was bailed out before at the height of the financial crisis in 2008. Then the Belgian and French governments...