Alexandra Scaggs joins Money on the Left to discuss her experience covering the ongoing paradigm crisis in mainstream economics, central banking and finance—and why leftists should be paying close attention.
Subjects Archives: Global Economic Crisis
Dossier 24: The world oscillates between crises and protests
This dossier is dedicated to offering an assessment of the moment we find ourselves in today. Part 1 provides a quick overview of planetary affairs; and Part 2 there are more detailed reports from our offices on their respective regions: South Africa, India, as well as the Caribbean and Latin America.
Neoclassical Marxism (Christmas Special) with @NMarxism
This December, we bring you a special Christmas episode of our program, featuring the enigmatic operator behind the increasingly popular Twitter account known as “Neoclassical Marxism,” or @NMarxism. @NMarxism is a deeply satirical Twitter project, which deploys Modern Monetary Theory and some very dark humor to critique the neoclassical economics and neoliberal assumptions that unconsciously […]
Another look at the Federal Reserve’s panic in September 2019 and solutions to the crisis
You may recall that from 17 September 2019, the United States Federal Reserve injected massive amounts of liquidity into banks due to a quite abnormal situation on the repo market.(1) The repo market designates a mechanism used by banks to obtain short-term financing. They sell securities they hold in repurchase agreements (repo).
Financial turbulence continues as major economies move towards recession
In response to the Wall Street decline, markets in Asia fell, with Japan’s Topix index down 1 percent while the Australian market dropped 2.9 percent, wiping $60 billion off share values. Markets in Europe also fell before recovering some of their losses later in the day.
Crisis, which crisis? climate change and capitalism
The essays compiled in this special issue of Key Words address the theme of crisis. But which crisis?
Vanishing green shoots and the possibility of another crisis
Governments and central banks that were upbeat about global economic recovery are turning pessimistic. A coordinated fiscal stimulus across nations is the need of hour.
Digital Money Beyond Blockchain with Rohan Grey
In this episode, we’re joined by Rohan Grey (@rohangrey), President of the Modern Money Network, Director of the National Jobs for All Coalition, Research Fellow at the Global Institute for Sustainable Prosperity, and JSD student at Cornell Law school. Our conversation is dedicated to Rohan’s current work on the political, economic, and cultural implications of […]
Brexit—another day in the death of the old world order
To fully appreciate the exquisitely excruciating crisis which the British state has landed itself in consider the fact that if Britain wants to get out of Europe it must surrender part of its sovereignty over Northern Ireland—and not only this, since there must be a border between Britain and the EU, this border must be […]
Twenty-first century capitalism—the means exist to break the chains that hold us
“The overwhelming character of the ecological crisis will eventually…[force workers to recognize] that the main material conditions determining their lives are both economic and environmental—and indeed that the latter are more far-reaching.”
Gender, Labor, & Law with Emma Caterine
In this episode, we speak with Emma Caterine (@emmacaterineDSA), a law graduate and writer with more than a decade of experience working within economic justice, feminist, LGBTQ, and racial justice movements. We talk Democratic Socialists of America, MMT, the advantages of a federal jobs guarantee over a universal basic income, the place for sex work […]
Dossier 7: The imperialism of finance capital and ‘trade wars’
Trump wants to resolve the crisis for America, caused by neo-liberalism, within the basic confines of neo-liberalism itself, i.e. without violating its core characteristic, which is free global mobility of finance.
Did developing countries recover from the global crisis?
A decade after the Global Financial Crisis, developing countries still bear the scars in the form of lower growth and investment rates.
The New Postcolonial Economics with Fadhel Kaboub
In this episode, we speak with Fadhel Kaboub (@fadhelkaboub), associate professor of economics at Denison University and President of the Global Institute for Sustainable Prosperity. Fadhel outlines a new critical approach to postcolonial political economy, arguing that re-gaining financial sovereignty is a crucial next step for postcolonial nations hoping to achieve social, economic, and environmental […]
A spectre is haunting us: it’s the past weighing like a nightmare on the present
The rise of extreme right wing politics is a response by sections of the ruling classes internationally to the economic stagnation.
Job Guarantee as Historical Struggle with David Stein
In our inaugural episode, we consider the recent resurgence of full employment politics in the United States from both a political and historical perspective with historian David Stein (@davidpstein).
We struggle against illegitimate public and private debt which are at the core of the capitalist system
What we are fighting is a capitalist system that destroys nature.
Why is there always an economic crisis of some sort?
Unlike liberal economists, Marxists explore the primary role of internal contradictions within the capitalist economy. The MARX MEMORIAL LIBRARY explains why.
Not a matter of if, but when
The capitalist crisis will deepen as new bubbles created by easy money begin to burst.
The crisis in neoliberalism and its ramifications
The neoliberal model that has dominated mainstream politics and economics for decades is in crisis.… Mass dissatisfaction has joined with the growing realisation by the managers of the capitalist system that neoliberal policies are incapable of dragging the world economy out of the rut in which it now finds itself 10 years after the onset […]
