Tag: capitalism

The coming economic recession and its interaction with climate change

The coming economic recession and its interaction with climate change

grist.org/article/what-the-stock-market-crash-means-for-the-climate/ I have thanked John Pratt for sharing this article, and do so again. Here is an expanded version of my first explanation of why: Thanks for pushing along this discussion about the relationship between climate change and general environmental havoc (eg species depletion) and capitalism’s current drift into recession. The two are interconnected and…

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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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