Tag Archives: recession

A global recession hurts capitalism

Posted den juli 15, 2022 av ivarjordre

Energy: the recession trigger? There is confusion among mainstream economists and policy-makers on whether the major economies are heading for a recession, or are already in a recession; or will avoid one altogether.  The majority view, at least in the US, … Les meir →

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The global economic order and recession

Posted den juli 2, 2022 av ivarjordre

The global solution: private or public? Inflation, risk of global recession, growing inequality and rising debt for the global south, global warming, war – I could go on.  These are the fault-lines exhibited in the world economy in 2022.  What is … Les meir →

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The law of the tendency of the rate of profit to fall – In the light of todays capitalism

Posted den august 3, 2020 av ivarjordre

A world rate of profit: a new approach Marx’s model of capitalism assumes a world economy, and starts with ‘capital in general’. It was at that level of abstraction that Marx developed his model of the laws of motion of capitalism … Les meir →

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Will National States Save Capitalism, Once Again?

Posted den april 20, 2020 av ivarjordre

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

Posted den mars 16, 2020 av ivarjordre

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!

Posted den mars 5, 2020 av ivarjordre

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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Capitalism and Corona

Posted den februar 28, 2020 av ivarjordre

G20 and COVID-19 The finance ministers and central bankers of the top 20 economies in the world met this weekend in Riyadh, Saudi Arabia.  The G20 finance summit had a lot to ponder.  First, there was the coronavirus epidemic.  Would … Les meir →

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The World Economy on the Edge of Crisis?

Posted den januar 20, 2019 av ivarjordre

From amber to red? by michael roberts Today’s news that the German economy, the powerhouse of Europe, had narrowly avoided a «technical recession» in the second half of 2018 is another red light flashing for the world economy.  In 2018, German real … Les meir →

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