tag:blogger.com,1999:blog-78923869109119272272026-03-18T04:22:57.274-07:00Unknownnoreply@blogger.comBlogger213125tag:blogger.com,1999:blog-7892386910911927227.post-8623641503515182112021-03-08T01:16:00.005-08:002021-03-08T01:19:51.421-08:00

This is a question that needs to be thought through with extreme care – and now. SE's mission was: to analyse the economic system (capitalism) and explore fair, egalitarian, democratic and green alternatives (indeed, some kind of socialism). As explained on the about-page of Socialist Economist: "economic thinkers have a role to play in the debate about capitalism itself,

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7892386910911927227.post-54763165770755293832020-06-28T15:07:00.001-07:002020-06-28T15:20:52.417-07:00

✑ RICHARD D. WOLFF` ╱ ± 7 minutes Capitalism’s “business cycle shock-absorber”. U.S. capitalism used, absorbed, and built on slavery’s legacy by inserting large portions of the African American community into the shock-absorber role that the system required. From: Economy for All, a project of the Independent Media Institute., June 24, 2020. ╱ About the author Richard D. Wolff

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7892386910911927227.post-61966540873996985112020-05-16T15:05:00.002-07:002020-05-16T15:18:21.379-07:00

✑ DAVID F. RUCCIO ` ╱ ± 4 minutes The existence of a reserve army serves to discipline labor. The trend of the labor share, already falling prior to the pandemic, will continue to decline as the reserve army of unemployed and underemployed workers increases. Unless we change the configuration of the American economy. From: Occasional Links & Commentary May 12, 2020 ╱

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✑ TRICONTINENTAL INSTITUTE` ╱ ± 18 minutes The evisceration of public institutions has left society vulnerable. Why was it that countries with more robust states and with a tradition of public action have been able to more effectively curtail the virus? From: Tricontinental Institute, May 5, 2020. ╱ About the author Tricontinental: Institute for Social Research is an

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7892386910911927227.post-2822698463594859182020-05-11T02:58:00.004-07:002020-05-11T03:00:38.887-07:00

✑ TRICONTINENTAL INSTITUTE` ╱ ± 12 minutes The virus is the product of nature, while the crisis is the product of neoliberalism. The current crisis is part of a series of accumulated trends that have exploded as a result of the global pandemic: Deepened financialization, the decline of US hegemony, the displacement of labour by technology, and the crisis of the neoliberal state.

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7892386910911927227.post-79251848448824324282020-05-02T14:19:00.003-07:002020-05-03T06:54:42.993-07:00

✑ MICHAEL ROBERTS` ╱ ± 11 minutes There is not always a V-shaped recovery to previous trends. All types of recessions, on average, lead to permanent output losses, and the current one is no exception. There will be plenty of "scarring" of the capitalist sector from this pandemic slump.  From: The Next Recession, May 2, 2020. ╱ About the author Michael Roberts, a

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7892386910911927227.post-49035110094101393092020-05-02T14:19:00.002-07:002020-05-02T14:29:16.908-07:00

✑ PRABIR PURKAYASTHA` ╱ ± 9 minutes Riding the pale horse of apocalypse are companies that hold patent. Will the COVID-19 vaccines also sell like the flu vaccine for $20 a shot—bankrupting poorer countries to protect their people? Or will we follow what Jonas Salk said about the polio vaccine—that it belongs to the people? From: Globetrotter, April 27, 2020. ╱ About the author

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7892386910911927227.post-59429768462959619842020-04-25T11:11:00.000-07:002020-04-25T11:13:31.979-07:00

✑ CHRIS DILLOW` ╱ ± 5 minutes The idea that the boss of a large firm is a swashbuckling risk-taker is a fiction. In this crisis, it is workers and small businesses who bear risk to a greater extent. It is only the culmination of several long-term trends which have seen capital de-risk in recent years at the expense of workers. From: Stumbling and Mumbling (Chris Dillow), April 24,

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7892386910911927227.post-92100818964627805682020-04-18T13:46:00.001-07:002020-04-18T14:01:31.153-07:00

✑ PRABHAT PATNAIK` ╱ ± 7 minutes A large fiscal deficit is not to the liking of globally mobile finance capital. From India to southern Europe, there is a stark urgency about reaching help to the people, but the hurdle against doing so is the one imposed by the dictates of finance. From: People's Democracy, April 20, 2020 ╱ About the author Prabhat Patnaik is Professor

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7892386910911927227.post-41162688024404396182020-04-12T06:00:00.001-07:002020-06-23T13:17:57.689-07:00

✑ BRANKO MILANOVIC` ╱ ± 7 minutes We are likely to see to some extent a replay of the Global Financial Crisis. On the impact of the pandemic regarding global income, the global distribution of income, globalization and the political attraction of liberal versus more authoritarian ways to manage societies. From: Global Inequality, March 28, 2020. ╱ About the author(+) Branko

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7892386910911927227.post-50817146284192031202020-04-05T14:32:00.002-07:002020-04-05T14:32:59.458-07:00

✑ RICHARD D. WOLFF` ╱ ± 5 minutes We must not suffer such a dangerous and unnecessary social breakdown again. The problem of policies aimed to return the economy to what it was before the virus hit: Global capitalism, by 2019, was itself a major cause of the collapse in 2020. From: Economy for All, a project of the Independent Media Institute., April 3, 2020. ╱ About the author

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7892386910911927227.post-22199439756849288702020-04-05T14:32:00.001-07:002020-04-05T14:32:53.017-07:00

✑ NILS BRANDSMA` ╱ ± 5 minutes It remained just as fragile, if not more, as before 2008. World leaders claim to be "at war" with the virus, but have yet to question the socioeconomic model that has provided fertile ground for this crisis in their societies. From: DiEM25, March 3, 2020. ╱ About the author Nils Brandsma is active in the Pan-European party DiEM25, and has a

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7892386910911927227.post-39698154489032419692020-04-05T14:32:00.000-07:002020-04-14T06:58:04.346-07:00

✑ YADUL KRISHNA` ╱ ± 9 minutes Kerala knew it had a mountain to climb. As the Corona virus spreads, free markets have shown how pathetically they could fail humanity over profits. There is much to be learned from the communist-ruled Indian state of Kerala, which has shown quite the efficiency needed in tackling the virus. From: Socialist Economist, April 5, 2020. ╱ About the author

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7892386910911927227.post-56312930254051367422020-03-28T03:36:00.003-07:002020-03-28T07:27:53.170-07:00

✑ MARSHALL AUERBACK` ╱ ± 10 minutes Under the guise of a public health emergency... The bill passed by Congress is business as usual masquerading as an economic recovery act. It does nothing to ensure that we have an economy that works for all. From: Economy for All, a project of the Independent Media Institute., March 27, 2020. ╱ About the author Marshall Auerback is a Fellow

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7892386910911927227.post-44111110520012739402020-03-28T03:36:00.002-07:002020-03-28T17:59:33.941-07:00

✑ JUSTIN PODUR` ╱ ± 7 minutes In the name of the same doctrines, the British also starved the Irish. Classical economics helped kill millions in the British Empire’s famines—following economic orthodoxy today could be just as deadly. From: Independent Media Institute, March 27, 2020. ╱ About the author Justin Podur is a Toronto-based writer and a writing fellow at Globetrotter,

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7892386910911927227.post-32278849561173017792020-03-28T03:36:00.001-07:002020-03-28T04:56:17.555-07:00

✑ DIANE ARCHER` ╱ ± 6 minutes All constraints on access to care remain in place. The federal government should require that Medicare Advantage plans cover the full cost of coronavirus treatment. But it has not done so. From: Independent Media Institute, March 26, 2020. ╱ About the author Diane Archer is a senior adviser to Social Security Works and founder and president of Just

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7892386910911927227.post-48096182204186735992020-03-28T03:36:00.000-07:002020-03-28T17:45:07.561-07:00

✑ WILLIAM I. ROBINSON` ╱ ± 14 minutes The virus was only the spark that ignited the financial implosion. As stock markets around the world began to plummet starting in late February, mainstream commentators blamed the coronavirus for the mounting crisis. But in the larger picture, the fallout from the virus exposes the fragility of a global economy that never fully recovered from

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7892386910911927227.post-5625644250588705252020-03-24T09:01:00.003-07:002020-03-24T09:07:45.515-07:00

✑ VIJAY PRASHAD & MANUEL BERTOLDI` ╱ ± 6 minutes A 16-point plan. If we look at the example of previous crises—such as the Financial Crisis of 2008-09—then we know that the costs of these crises are rarely borne by the very rich. A 16-point plan, intended to encourage discussion. From: Independent Media Institute, March 22, 2020. ╱ About the author Vijay Prashad is an

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7892386910911927227.post-64923470301260349222020-03-24T09:01:00.002-07:002020-03-25T15:02:37.819-07:00

✑ VIJAY PRASHAD & SUBIN DENNIS` ╱ ± 8 minutes “Physical distance, social unity—that should be our slogan at this time,” said Pinarayi Vijayan. In order to "break the chain", the government of Kerala—run by a coalition of Communist and Left parties—has tested the highest number of samples for the coronavirus in India so far. From: Independent Media Institute, March 23, 2020.

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7892386910911927227.post-11780498785893793862020-03-14T07:46:00.001-07:002020-03-14T07:49:26.370-07:00

✑ JACK RASMUS` ╱ ± 4 minutes Average working class folks cannot afford to voluntary quarantine themselves. The virus will have a large negative impact on millions of working class families, bearing the burden of the cost with little help from their government. From: Jack Rasmus, March 8, 2020. ╱ About the author Dr. Jack Rasmus, Ph.D Political Economy, teaches economics and

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7892386910911927227.post-78771453907034282572020-03-09T14:05:00.001-07:002020-03-09T14:10:09.934-07:00

✑ MICHAEL HUDSON` ╱ ± 14 minutes To be a centrist is to be the candidate of oligarchy. The aim of the One Percent is to distract attention from the fact that the economy is polarizing – and is doing so at an accelerating rate. From: Michael Hudson, Feb. 25, 2020. ╱ About the author(+) Prof. Michael Hudson is a veteran of Wall Street, Distinguished Research Professor of Economics

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7892386910911927227.post-42782624571996362532020-02-29T07:09:00.001-08:002020-03-01T05:12:27.887-08:00

✑ SAM NICHOLLS` ╱ ± 8 minutes In a work of popular non-fiction, simplified language is often necessary. At its core, Aaron Bastani's book Fully Automated Luxury Communism shows both how bad things could get if the people of the world do not unite, and how good it could get if we do. From: Socialist Economist, Feb. 29, 2020. ╱ About the author Sam Nicholls is an amateur

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7892386910911927227.post-72509493088943196342020-02-22T14:59:00.002-08:002020-02-23T14:28:19.001-08:00

✑ MICHAEL ROBERTS` ╱ ± 8 minutes Then there is the Nightmare Scenario. The current projections have ‘fat tails’ that suggest there is a 1% likelihood of a 12⁰C increase in temperature. And yet governments continue to allow energy companies to search for and develop more fossil fuel resources. From: The Next Recession, Feb. 11, 2020. ╱ About the author Michael Roberts, a

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-7892386910911927227.post-74830811350987642272020-02-22T14:59:00.001-08:002020-02-22T15:03:20.700-08:00

✑ ALEX M. THOMAS` ╱ ± 7 minutes Chayanow wishes for multiple economic theories. Alexander Vasilevich Chayanov’s essay on non-capitalist economic systems questioned the dominant approach of economic theorising which is conducted in the framework of capitalism. From: Alex Thomas, Feb. 17, 2020. ╱ About the author Alex M. Thomas is Assistant Professor of Economics at Azim Premji

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✑ PRABHAT PATNAIK` ╱ ± 7 minutes Our own shinko zaibatsu; they are new and aggressive business houses promoting this regime. While all segments of monopoly capital benefit immensely from fascist, semi-fascist and authoritarian regimes, not all of them benefit equally. In India, the two Ambani houses and the Adanis stand out, who get a substantial chunk of the benefits of cronyism.

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