Tag: economics

Don’t be fooled: policymakers are quietly invoking austerity by other names

Clara Mattei Austerity, like trickle-down economics, has been relegated to the list of things economists don’t talk about anymore. Austerity’s core policies – hikes in interest rates, downward pressure of fiscal spending and wages – had their last stand with the European sovereign-debt crisis a decade ago, and the resulting public outcry made the “a-word”… Read More Don’t be fooled: policymakers are quietly invoking austerity by other names

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Clara Mattei: How Economists Invented Austerity / Anwar Shaikh: What Happens When Economics Doesn’t Reflect the Real World?

Clara Mattei discusses her new book The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism “A must-read, with key lessons for the future.”—Thomas Piketty A groundbreaking examination of austerity’s dark intellectual origins.  For more than a century, governments facing financial crisis have resorted to the economic policies of austerity—cuts to wages,… Read More Clara Mattei: How Economists Invented Austerity / Anwar Shaikh: What Happens When Economics Doesn’t Reflect the Real World?

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Sam Kriss: ‘Neoliberalism’ isn’t a left-wing insult but a monstrous political system of inequality

The One Word Guaranteed to Make the Corporate Pundit Class Squirm Neoliberalism is not particularly hard to define. It’s not only an ideology or a set of principles; it’s a system of practices, and an era, the one we’re living in now. What it means, over and above everything, is untrammeled ruling-class power, an end… Read More Sam Kriss: ‘Neoliberalism’ isn’t a left-wing insult but a monstrous political system of inequality

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Joe Biden, the National Security State, and Arms Sales

BY WILLIAM D. HARTUNG Here’s a seldom commented-upon reality of this century and this moment: the United States remains the number-one arms-exporting nation on the planet. Between 2017 and 2021, it grabbed 39% of the total global weapons market and there’s nothing new about that. It has, in fact, been the top arms dealer in every year but one for… Read More Joe Biden, the National Security State, and Arms Sales

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Paul Krugman warns of collapse of crypto institutions after FTX debacle

 Alex Henderson Right-wing libertarians and socially conservative MAGA Republicans disagree about many things, but one thing they do have in common is an affection for cryptocurrencies. It isn’t hard to find people on the right who are unapologetically bullish on cryptocurrencies. But one person who doesn’t share their enthusiasm is liberal economist and New York… Read More Paul Krugman warns of collapse of crypto institutions after FTX debacle

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The grotesque inequality embodied by Musk, Bezos and Zuckerberg is a threat to democracy

Jeff Sparrow The higher the monkey climbs, the more he exposes his backside. So too with the super rich. Oxfam tells us that a mere 10 people now possess more wealth than the bottom 40% of humanity – and that the richest 20 tycoons collectively own more than the entire GDP of sub-Saharan Africa. You’d think that… Read More The grotesque inequality embodied by Musk, Bezos and Zuckerberg is a threat to democracy

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Growing unemployment: Battle of two parallel realities

Bharat Bhushan Last week, a 20-year-old man from Kapkot in Uttarakhand’s Bageshwar district consumed poison after failing the Agniveer entrance test. In the video recorded before his suicide, Kamlesh Goswami explained the reasons for his drastic decision. Despite an NCC certificate, scoring 100 per cent in physical fitness and passing the medical exam, he was… Read More Growing unemployment: Battle of two parallel realities

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Discipline the poor, protect the rich: same old Tories, same old class war

Aditya Chakrabortty What kind of government is this? You can almost see the puzzlement on pundits’ faces as they try to work it out. Is it the technocratic dictatorship of Jeremy Hunt, or the banal nastiness of pound-shop mafioso Gavin Williamson? Is it Rishi Sunak bro-hugging Emmanuel Macron, or Suella Braverman banging up “invaders”? Is… Read More Discipline the poor, protect the rich: same old Tories, same old class war

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Defying capitalism and socialism, Kumarappa and Gandhi had imagined a decentralised Indian economy

First posted January 18, 2017 Venu Madhav Govindu & Deepak Malghan In November 1933, following his fast against a separate electorate on caste lines and the subsequent political settlement known as the Poona Pact, (Mohandas Karamchand) Gandhi embarked on a year-long nationwide campaign against untouchability. Thanks to his extensive travels across the country, he got… Read More Defying capitalism and socialism, Kumarappa and Gandhi had imagined a decentralised Indian economy

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