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...

A looming global recession | by CP Chandrasekhar

All recent economic indicators point almost unambiguously to a new global recession, one which threatens to be more severe and prolonged than the 2007 crisis. While the epicentre of this developing crisis is located in the metropolitan countries, specifically the EU...
On Occupy Wall Street | by David Harvey

On Occupy Wall Street | by David Harvey

The Party of Wall Street has ruled unchallenged in the United States for far too long. It has totally (as opposed to partially) dominated the policies of Presidents over at least four decades (if not longer), no matter whether individual Presidents have been its...
Adcorp and CDE wrong about productivity decline

Adcorp and CDE wrong about productivity decline

Press statement from AIDC, 14 September 2011 Arguing for cutting workers’ wages, Adcorp and Centre for Development and Enterprise (CDE) mislead media and the public. The Centre for Development and Enterprise (CDE) and the labour broker Adcorp continue to argue...