Economy

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Review: After the New Economy

Review of an excellent book on the 1990s "New Economy" hype.

Capitalism in crisis, again!

Some comments on the continuing crisis in the stock markets, discussing how economic ideology contributed to it and how capitalism has always been based on socialising costs and risk while privatising profits.

Local or global trade - debate in the anti-capitalist movement

We wanted this debate today (WSM Ideas & Action 31 March 2001) because we recognise that we share a considerable number of points of departure with those who advocate local sustainable development from an environmental rather then a nationalistic perspective. The idea for the session came out of a discussion I was having a couple of months ago with some of the activists involved in the S26 collective. They were a little annoyed at the description of the movement against corporate globalisation being labelled 'anti-capitalist', as this was not how they choose to define themselves.

Stop panic in the City -- abolish capitalism!

Credit crunch? Crunch capital! Why the stock market is a crazy way to organise an economy.

Review: Debunking Economics

Debunking Economics: The Naked Emperor of the Social Sciences

Review of an excellent book on the weaknesses of neo-classical economics.

Sacrifices are required to appease Capital, says Bank of England…

Why working class people need not pay the price of the mistakes of capital.

John Kenneth Galbraith, RIP

In memory of a flawed economist whose work is worth reading as he understood the role of power in the market.

The roots of privatisation

Did you know that the Nazis invented privatisation?

Milton Friedman: Being wrong is no hindrance when you empower the rich

An obituary for Milton Friedman. Being consistently wrong does not stop you being considered a great economist, as long as it is what the ruling elite wants to hear.

And the Nobel prize for economics goes to... Karl Marx!

A few comments on the winner of the 2006 so-called Nobel Prize for economics. A more obvious example of economics as ideology for the ruling class is hard to find!

  


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