Tag Archives: recession

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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Capitalism and Corona

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?

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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