Thursday, 18 April , 2024

IMF

US political establishment – crisis of legitimacy

The political establishment in the U.S. is rapidly moving toward a crisis of legitimacy as capitalist democracy is exposed as a system of insider dealing where war, manufactured social misery and environmental catastrophe are ever-more-implausibly posed as solutions to their own facts. With growing evidence, as if any more were needed, Democratic

The retreat of neoliberalism

An internal IMF report admitting the destructive nature of neoliberalism may have come too late for many African countries. The neoliberal structural adjustment programmes have led to economic hardships, political instability and conflicts in most African countries where they have been implemented.

IMF: “Deutsche Bank Poses The Greatest Risk To The Global Financial...

Over three years ago we wrote "At $72.8 Trillion, Presenting The Bank With The Biggest Derivative Exposure In The World" in which we introduced a bank few until then had imagined was the riskiest in the world. As we explained then "the bank with

The Day After, by James K. Galbraith

The groundwork for the Brexit debacle was laid last July when Europe crushed the last progressive pro-European government the EU is likely to see – the SYRIZA government elected in Greece in January 2015. Most Britons were not directly engaged with the Greek trauma.

How Germany destroys Greece, Europe and … Germany!

As for Berlin, the way it is handling the European crisis reveals the same pattern of strategic mistakes that contributed to its military defeats in World Wars I and II, the only difference being that in the 20th century we were engaged in military wars whereas now we are faced with all-out financial war.

Noam Chomsky on the Breakdown of American Society

By J.C Polychroniou The US is facing uncertain times. While it remains the only global superpower, it is no longer able to influence events and...

How “German logic” turns into irrationality

Germany, Greece and the Banks, in the context of the EU crisis By Dimitris Konstantakopoulos I remember the talk I had with the German ambassador in...

Clearing Up This Mess

John Maynard Keynes had the answer to the crisis we’re now facing; but it was blocked and then forgotten. By George Monbiot. Published in the...

Mr. Blanchard, the IMF and Berlin

Mr. Blanchard, as chief economist of the IMF, can be considered as one of the people directly responsible for the biggest social and economic catastrophe in Western Europe after the 2nd World War, due to the Greek "bail-out" (bail the banks and their profits) program.

Iceland proves the nation state is alive and well

By Bill Mitchell On May 27, 2016, Statistics Iceland (the national statistical agency) released the news – Iceland economy to grow by 4.3% in 2016....