Editorial: Stop speculating our jobs away

Editorial: Stop speculating our jobs away

The G20, a forum constructed by the powerfully rich G8 countries, by drawing in the so-called emerging economies of China, India, Brazil and which also includes South Africa, met at the end of June to tackle the on-going global financial crisis and the threat of a...
The Spectre of the Eurozone Debt Crisis

The Spectre of the Eurozone Debt Crisis

Does the chaos in the Eurozone signal the beginning of the end of the Euro?Four years and a couple of trillion dollars worth of rescue packages after the eruption of the sub-prime crisis in 2007, we are nowhere near resolution of the “North Atlantic Financial Crisis”....

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...