Prabhat Patnaik reflects on the COVID-19 shock that has worsened the crisis triggered by globalized finance. Only two possibilities emerge: restructure capitalism by controlling finance, or let the tendencies...
Category - News
Robert Pollin advocates a macroeconomic agenda centered on full employment. The decades long neoliberal attack on the working class is heightened with COVID-19. The world needs a New Deal to counter levels of...
Heiner Flassbeck shows it defies macroeconomic logic to promote surpluses for Germany, prohibit government deficits everywhere else and forbid the central bank from acting as the central bank of each and every...
Richard Kozul-Wright explains why these challenges need to be addressed at once in a transformative agenda. The COVID-19 crisis shows that funding can be made available; the problem is the lack of political...
Jürgen Kaiser, debt expert, reminds us of the agreement that helped Germany, after World War II, to avert a debt trap and calls for a bankruptcy code for sovereign nations on the back of the COVID-19 crisis...
According to Prof Jayati Ghosh, this is the greatest crisis experienced by the capitalist system; she lays out the direction of policy responses commensurate to what is needed. April 21 , 2020 Produced by Lynn...
The coronovirus pandemic exposes the consequences of taking the neoliberal road decades ago, explains Prof Radhika Desai in discussing the failures of the Western capitalist system and the need to reorient our...
The global economic crisis unfolding from the Covid-19 pandemic will once again imperil African countries with the usual mix of commodity export crash and debt meltdown. It is time to recognize that under a...
Richard Kozul-Wright, chief economist of UNCTAD, explains what a Global Green New Deal is about: end austerity, redistribute income, change the credit system and implement a massive investment program. None of...
Transform the economy by subordinating the international financial system to the authority of elected democratic governments and a managed transition to an employment rich green economy advises Ann Pettifor...