A friend suggested, in an email, that I may have been “on to something” when I presented my “Mind the Gap” paper at the Volcano symposium. The evidence is a recent column by Heather Stewart, who reports on last week’s OECD forum in Paris. For a long time, the growing gap between rich and poor [...]
Posts Tagged ‘crisis’
“Inequality wasn’t the answer”
Posted: 27 May 2012 in UncategorizedTags: crisis, economics, inequality, macroeconomics, neoclassical, United Kingdom, United States
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Cartoon of the day
Posted: 26 May 2012 in UncategorizedTags: capitalists, cartoon, crisis, debt, Germany, Greece, race, United States, wages, workers
Special mention
Greece’s “corrupt and venal classes”
Posted: 24 May 2012 in UncategorizedTags: class, crisis, Greece
The success of Costas Lapavitsas’s proposal [ht: br] that Greece leave the eurozone depends on the meaning of the following phrase: Its growth prospects are strong, as long as it wrenches power from the corrupt and venal classes that have run its affairs for decades.
Middle-class exploitation?
Posted: 23 May 2012 in UncategorizedTags: capitalism, crisis, exploitation, middle-class, taxes, United States, workers
We need to stop obsessing about the middle-class and call things by their right name. Last September, I argued against focusing on a middle-class that needed to be “rebuilt,” suggesting that we return instead to the discourse of the working-class. Recent research by Jeff Kidder and Isaac Martin just confirms my view.* Their argument is [...]
Cartoon of the day
Posted: 23 May 2012 in UncategorizedTags: banks, cartoon, crisis, IMF, students, unemployment, United Kingdom, Wall Street
Special mention
A stopped clock. . .
Posted: 21 May 2012 in UncategorizedTags: capitalism, crisis, economics, Greece, neoclassical, politics, unemployment, United States
A stopped clock is right twice a day, and even Robert Samuelson has to get something right once in a while. American capitalism is on trial. When Americans vote in November, they will unavoidably choose between these competing visions of capitalism. One would try to improve capitalism by controlling it more. The other would aim [...]
“It’s a war between people and capitalism”
Posted: 19 May 2012 in UncategorizedTags: capitalism, crisis, economics, Greece, neoclassical
Time is running out for capitalism in Greece. That, apparently, is what mainstream economists like John Kay and Paul Krugman are afraid of. Alexis Tsipras, head of the Syriza party, explains why: “I don’t believe in heroes or saviours,” says Alexis Tsipras, “but I do believe in fighting for rights … no one has the [...]
Do you believe in markets?
Posted: 18 May 2012 in UncategorizedTags: capitalsm, crisis, economics, Europe, Greece, John Kay, markets, Paul Krugman, politics, United Kingdom
Do you believe in markets? John Kay does, as he demonstrated during his presentation at the Volcano symposium last weekend. We were together on a panel, “Crisis in and of Economics,” along with David Vines. Kay started with the usual neoclassical assertion—planning has failed and markets are successful (ignoring, of course, all the historical examples [...]
Cartoon of the day
Posted: 18 May 2012 in UncategorizedTags: banks, cartoon, crisis, debt, Europe, Greece, JPMorganChase, students, unemployment, United States
Special mention
