Even though the struggle over Greece’s bailout has receded from the news, with many countries carrying large debt burdens, the need to restructure sovereign debts is not going away. This Real News Network segment gives an overview of the state of play.
Read more...Why finance-influenced economic policy in the US has managed to avoid deflation while in Europe, it has stoked it.
Read more...How Steve Jobs’ successes were government sponsored enterprises.
Read more...Making sense of the “overly dynamic” process of forming a new government in Portugal in the wake of an inconclusive election.
Read more...Yet another China risk warning.
Read more...Barcelona threatens to go rogue by issuing its own currency.
Read more...The decline in union power plays an important role in explaining the rise in inequality in advanced economies.
Read more...How the debate on negative real rates has missed role of demand for “safe” collateral for derivative positions, and why that is central.
Read more...“Free Trade,” the banner of Globalization, has not only wrecked the world’s economy, it has left Western Democracy in shambles.
Read more...Most of the world, and most notably the United States, is in the grip of fiscal myths fostered by the ideology of neoliberalism. It’s time to debunk them.
Read more...Finding the common threads of Germany’s latest scandals.
Read more...Socialism for the rich is inherently hypocritical….but which forms of corporate truth-distortion are the most brazen?
Read more...How the deck is stacked against the middle class, and what it takes to change that.
Read more...The great question today is whether post-feudal rentier capitalism will stifle industrial capitalism instead of serving it. The aim of finance is not merely to exploit labor, but to conquer and appropriate industry, real estate and government. The result is a financial oligarchy, neither industrial capitalism nor a tendency to evolve into socialism.
Read more...Companies with investment-grade credit ratings – the cream-of-the-crop “high-grade” corporate borrowers – have gorged on borrowed money. Interest on that mountain of debt, which grew another 4% in the second quarter, is now eating their earnings like never before.
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