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Central bank independence as class war strategy
Insulated from popular discontent, independent central banks have free reign to undermine workers’ rights and further the neoliberal agenda, argues John Clarke.
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Neo-liberalism and anti-inflationary policy
Central banks all over the capitalist world are raising, or are about to raise, interest rates as a means of countering the currently rampant inflation, which is certain to push a world economy that is barely recovering from the effect of the pandemic, back towards stagnation and greater unemployment.
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When saviours are the problem
SYDNEY and KUALA LUMPUR: Central bank policies have often worsened economic crises instead of resolving them. By raising interest rates in response to inflation, they often exacerbate, rather than mitigate business cycles and inflation.
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The Paris Commune of 1871, banks and debt
150 years ago, on 18 March 1871, the Paris Commune was born.
