Contemporary Capitalism: Neoliberal Capitalism, Financialized Capitalism, or Globalized Capitalism?
Why “neoliberal” is the framework that best describes our new, post 1980 form of capitalism.
Read more...Category Archives: Economic fundamentals
Frances Coppola: Rethinking Government Debt and Monetary Sovereignity
Debunking the uniformed and regularly hysterical mainstream treatment of government debt and deficits.
Read more...More Proof That Economic Policies Have Failed Workers: Median Real Incomes Stagnant for Last Two Decades
Sometimes one chart really does tell you what you need to know.
Read more...Chris Hedges and Leo Panitch: We are All Greeks Now
Leo Panitch and Chris Hedges discuss how nature of imperialism today is financial power.
Read more...Low Unemployment with Falling Capacity Utilization… Not a Good Sign for Fed Liftoff
Why the Fed should delay its long-anticipated “liftoff”.
Read more...Corbynomics 101: A Guide to People’s QE (PQE)
Why the three big charges commonly made against Corbyn’s “People’s Quantitative Easing” or PQE, are all wet.
Read more...Credit Rating Agencies and Brazil: S&P as Neoliberal Enforcer
Mind you, the rating agencies are far from the only neoliberal enforcers as far as emerging economies are concerned. But it is nevertheless instructive to compare an official rationale with data.
Read more...Cereals, Appropriability, and Hierarchy
Conventional theory suggests that hierarchy and state institutions emerged due to increased productivity following the Neolithic transition to farming. This column argues that these social developments were a result of an increase in the ability of both robbers and the emergent elite to appropriate crops. Hierarchy and state institutions developed, therefore, only in regions where appropriable cereal crops had sufficient productivity advantage over non-appropriable roots and tubers.
Read more...Nomi Prins: Mexico, Federal Reserve Policy and Danger Ahead for Emerging Markets
Mexico’s problems could again ripple through Latin America where eroding confidence, volatility, and US dollar strength are already hurting economies and markets.
Read more...Wolf Richter: Corporate Revenue Recession Spreads past Dollar, Energy
Now that 495 of the S&P 500 companies have reported second quarter earnings, something has become abundantly clear: 2015 is going to be a nasty year for corporate revenues.
Read more...Why is China finding it hard to fight the markets?
China’s market drama started in June this year with the collapse of the Shanghai stock exchange, followed by frantic interventions by the Chinese authorities. As if the estimated $200 billion already spent on propping up stock prices were not enough, China found itself in another battle with the market, defending the RMB against depreciation pressures after the PBoC devalued the RMB by nearly 2% on August 11. The cost of the foreign exchange intervention to keep the RMB stable is estimated at $200 billion.
Read more...Ilargi: The Real Refugee Crisis Is In The Future
Perhaps Angela Merkel thought we didn’t yet know how full of it she is. Perhaps that’s why she said yesterday with regards to Europe’s refugee crisis that “Everything must move quickly,” only to call an EU meeting a full two weeks later. That announcement show one thing: Merkel doesn’t see this as a crisis. If she did, she would have called for such a meeting a long time ago, and not some point far into the future.
Read more...CEOs Call for Wage Increases for Workers to Address Inequality! What’s the Catch?
It is beginning to dawn on the top echelon that too much inequality is not good for them.
Read more...Currency Depreciations Don’t Boost Exports as Much as They Used To
A new study has important implications for IMF policies as well as for Greece, both “reformers” and those who advocate a Grexit.
Read more...Household Labor, Caring Labor, Unpaid Labor
A discussion of the practical and policy implications of failing to measure household labor and production.
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