Anarchist Writers

The "free market" capitalist argument is that unemployment is caused by the real wage of labour being higher than the market clearing level.

Brown is now discovering that proclaiming the end of “Boom and Bust” does not, in fact, mean much. The amazing thing about the current economic panicking is not that it is happening but that some people seem surprised by it. While on the way up many “experts” seem to forget it, capitalism has always been marked by a business cycle.