On Post Modernism | by Aijaz Ahmed

The first difficulty in talking about ‘postmodernism’ is that it is a very imprecise word, with shifting meanings in different contexts. Logically, it should be regarded as the ‘post-’ of ‘modernism’—as something that happens after modernism per se. Now, the term...
Dexia and bailing out the banks | by Michael Roberts

Dexia and bailing out the banks | by Michael Roberts

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...