Tag Archives: Stock market monster

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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Capitalism and the «Fantastic» Universe of Finance in Tatters

Graeme Wearden (earlier) and Nick Fletcher (now) Tue 6 Feb 2018 15.25 GMT First published on Tue 6 Feb 2018 07.23 GMT Shares 1,129 Comments 2,600 1h ago Wall Street rally picks up pace 1h ago DOW TURNS POSITIVE 1h ago DOW … Les meir

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The downfall of Greek democracy?

Sunday 5th of July 2015 was a special day. In the referendum the Greek people voted no  with a majority as much as 61,31 % to the austerity measures demanded from the Troika. One week later prime minister  Alexis Tsipras went … Les meir

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U(nbelievable)-turn for Tsipras – face mutiny at home

Greek PM Alexis Tsipras will return to face a mutiny within his coalition after he surrendered to European demands for action to qualify for up to €86bn of aid Greece needs to stay in the euro. That’s according to Bloomberg … Les meir

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GREECE: referendum and the aftermath – latest

Greeks celebrate outside the Athens parliament Photograph: Stathis Kalligeris/Demotix/Corbis Greece’s future in the eurozone looks more perilous than ever, and the next 48 hours could be critical. On Monday, the European Central Bank will meet to discuss the emergency liquidity … Les meir

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