Posts Tagged ‘ Washington Consensus ’

The Spectre Haunting Europe

January 22, 2011
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There is an alternative, of course. It is for creditors at the top of the economic pyramid to take a loss. That would restore the intensifying GINI income and wealth coefficients back to their lower levels of a decade or two ago.

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Bankers: Go The 'Latvian' Option

December 26, 2010
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The “Latvian option” is the buzzword of the moment among European bankers and financial journalists. In October, the Latvian people voted in a coalition headed by the incumbent prime minister Valdis Dombrovskis, whose government had savaged social benefits, cut pay and inflated unemployment in 2009. Was this proof that austerity measures could not only...

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How Brazil Can Defend Against Financialization

September 16, 2010
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and Keep Its Economic Surplus for Itself CDES Conference, Brasilia, September 17, 2010 I would like to place this seminar’s topic, ‘Global Governance,’in the context of global control, which is what ‘governance’ is mainly about. The word (from Latin gubernari, cognate to the Greek root kyber) means ‘steering’. The question is, toward what goal...

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Banks Profit Going Up and Down

June 28, 2010
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Michael Hudson on Renegade Economists Radio discussing China’s looming isolationism, the background on G20 austerity plans plus a few serves on what economics should be looking at. Hudson appears at the 2 minute mark. Audio – 22/06/2010 Subscribe to the Renegade Economists podcast

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Austerity for Prosperity

June 28, 2010
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Part 2 Part 3

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Europe Sacrifices Labour for Finance

June 26, 2010
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The “New Austerity” Road Europe is committing fiscal suicide – and will have little trouble finding allies at this weekend’s G-20 meetings in Toronto. Despite the deepening Great Recession threatening to bring on outright depression, European Central Bank (ECB) president Jean-Claude Trichet and prime ministers from Britain’s David Cameron to Greece’s George Papandreou (president...

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