Tag: australian politics

Impending crisis, the broken rules of the system v the 90%

Impending crisis, the broken rules of the system v the 90%

Here, Michael Roberts gives a good overview of the global picture regarding new levels of instability in the economic system. Instability is an intrinsic feature of the capitalists system we live in. He starts as follows: The US stock market turned volatile this week and has now erased all the gains made up to now…

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Understanding its reality is the first activist step towards preparing for the next economic crisis

Understanding its reality is the first activist step towards preparing for the next economic crisis

Global economy is facing a ‘perfect storm’ BIS fears that increasing protectionism could reverse decades of progress. http://www.smh.com.au/business/the-economy/global-economy-is-facing-a-perfect-storm-warns-bis-chief-20180827-p4zzzq.html?btis You don’t have to agree with or understand all of the stuff in this summary of what one of the major architects of “our” twenty first century capitalism is saying, except that another economic crisis is just…

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The ECB, QE and escaping stagnation (with an Australian perspective)

The ECB, QE and escaping stagnation (with an Australian perspective)

Who In Australia would trust the Abbott and Hockey (Liberal government) alliance with the Business Council of Australia to manage the economy in the next financial crisis? Remember that when Rudd Labor came to office in 2007 it soon had to manage the impact on Australia of a global economic crisis, usually called the GFC.…

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