UN conference was convened to find new ways of dealing with the global financial and economic crises and give voice to those most affected by them. But the rich countries have opposed any real change, and the result is an anemic UN document.
Keynesianism offered important tools for overcoming the economic crisis, but its application by Obama's government was too half-hearted and misdirected (going to banks rather than households) to effectively reduce the recession. Clinton paid the price.
The free market guru Milton Friedman understood what so many progressives do not: that crises create opportunities for radical change. From low-wage workers, to local entrepreneurs, from independent
thinking elected officials to the global networks that brought you the
Battle in Seattle a decade ago, there's a new questioning of the Wall
Until the European Commission shows it has learnt the lessons of the 2008 financial crisis and demonstrates the political will to re-regulate the financial sector, it will be unable to resolve the crises in Greece, Ireland and Portugal
The Economist has attributed the term "deglobalisation" to Walden Bello. Whilst the magazine considers the term a negative one, Bello argues that it is fast becoming a reality and offers a paradigm for escaping the neoliberal straitjacket.
John Cavanagh, Sarah Anderson, Chuck Collins, Sam Pizzigati
26 September 2008
Congress should use the proposed bailout legislation for much-needed reform ' in particular the need to start confronting the top-heavy distribution of American income and wealth that has fueled this Wall Street meltdown in the first place.
Speech delivered at the Conference on the Global Crisis sponsored by Die Linke Party and Rosa Luxemburg Foundation, Berlin, March 20-21, 2009. Week after week, we see the global economy contracting at a pace worse than predicted by the gloomiest analysts.