Tag Archives: depression

Not Surprisingly the Capitalists want Business as Usual back – But, NO WAY!

Returning to normal? – By Michael Robert The recent release of the US jobs data for May, which apparently showed a reduction in the unemployment rate from April, sparked a sharp rally in the US stock market. And if you … Les meir

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Will National States Save Capitalism, Once Again?

The post-pandemic slump The coronavirus pandemic marks the end of longest US economic expansion on record, and it will feature sharpest economic contraction since WWII. The global economy was facing the worst collapse since the second world war as coronavirus … Les meir

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The Big Excuse of Capitalism and Stock Markets: The Covid-19

It was the virus that did it By Michael Roberts – March 15, 2020 I’m sure when this disaster is over, mainstream economics and the authorities will claim that it was an exogenous crisis nothing to do with any inherent flaws … Les meir

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Capitalists don’t worry about COVID-19 – They worry about capitalism itself!

Disease, debt and depression By Michael Roberts As I write the coronavirus epidemic (not yet declared pandemic) continues to spread.  Now there are more new cases outside China than within, with a particular acceleration in South Korea, Japan and Iran.  Up to … Les meir

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