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48 items
  1. Disrupting European authoritarianism

    • Nikolai Huke, David Bailey, Mònica Clua-Losada, Julia Lux, Olatz Ribera Almandoz
    02 May 2018
    Paper

    EU institutions and governments responded to the Eurozone crisis with a combination of austerity and authoritarianism that increased precarity and eroded liberal democracy. However, a survey of social movements shows that this technocratic depoliticization was only partially successful as the increasing exclusion of people from democratic decision-making also sparked novel forms of organizing  that have opened up potential avenues for radical social change.

  2. View of Shanghai Pearl Tower

    From Japanese bubble to Chinese time bomb

    Walden Bello
    16 October 2017
    Article

    Asia’s financial crisis came a decade before the global crisis, but it has had a lasting influence and left a legacy that could sow the seeds for the next global crisis.

  3. Asian financial crisis thumbnail image

    Asia and Finance Capital: From the Japanese bubble to China’s financial time bomb

    • Walden Bello
    18 September 2017
    Paper

    This paper dissects the Japanese bubble economy in the late 1980’s and early 1990’s and the Asian Financial Crisis in 1997-98 and shows how they shaped Asia’s capacity to deal with and respond to the 2008 global financial crisis. It looks at how China emerged seemingly unscathed, but warns that the inroads of speculative financial capital into China and East Asia along with ongoing problems of over-production means that a future financial crisis is highly probable.

  4. Keynesianism in the Great Recession

    • Walden Bello
    22 February 2017
    Paper

    The derailment of progressive Keynesianism by Obama’s conservative, technocratic Keynesianism resulted in a protracted recovery, continuing high unemployment, millions of foreclosed or bankrupt households fending for themselves, and more scandals in a Wall Street where nothing had changed. Obama did not pay for this tragic outcome in 2012, but Hillary Clinton did in 2016.

  5. Revisiting the lessons of the Battle of Seattle and its aftermath

    Walden Bello
    25 August 2016
    Article

    Walden Bello shares some reflections on the meaning of Seattle for change in knowledge systems, discusses how despite the deep crisis of neoliberalism, finance capital has managed to retain tremendous power, and appeals for a new comprehensive vision of the desirable society.

  6. Tyranny of finance thumbnail image

    The tyranny of global finance

    • Walden Bello
    19 January 2016
    Report

    Against all expectations, financial capital has emerged even stronger after the financial crisis having staved off regulation and putting the blame on public spending. But its victory is likely a pyrrhic one as a new crisis looms, one in which the global public could learn from victories such as reforms in Iceland and finally reassert its control over money.

  7. Notes for a political economy of creativity and solidarity

    • Hilary Wainwright
    23 October 2013
    Paper

    How can society move towards forms of economic organisation that place human creativity, including a respectful relationship to nature, at their centre?

  8. The European crisis through the lens of financialisation

    Antonio Tricarico
    09 May 2012
    Article

    The financial sector through the Euro crisis hopes to further extract wealth from public sectors, driven by its goal to commodify the whole economy and nature itself.

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    The EU's new austerity treaty - Interview with Lukas Oberndorfer

    28 February 2012
    Multi-media

    Despite the strong and growing resistance in Greece and other European countries to the direction of EU policy responses to the crisis, the process for this new treaty has unfolded with disquieting speed: initiated in November, an agreement was already reached by end of January among the EU25. This comes at the expense of stifling democratic debate and, indeed, shortcutting the normal consultative procedures in the treaty process through legal manoeuvres.

  10. Europeanism from below

    Paolo Gerbaudo
    15 February 2012
    Article

    Paolo Gerbaudo reports on the Routes of Europe conference in Florence, arguing that the Italian left must embrace the participatory democracy of the indignados to achieve political purchase.

  11. 9/11: Ten years later, who have we become?

    Tom Reifer
    13 September 2011
    Article

    Ten years and two wars later, Americans face the monetary and psychological costs of both militarism and Wall Street materialism, effectively bankrupting the country; not to mention the casualties of war at home, and in Afghanistan and Iraq.

  12. Time for the EU to shut down the casino

    Myriam vander Stichele
    22 July 2011
    Article

    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

  13. Greece’s Woes: So Goes the Euro

    Howard Wachtel
    21 July 2011
    Article

    The Greek crisis has exposed the fundamental flaws in the Euro project: it stripped countries control over the price of money and allowed political elites to undermine Europe's post-war social contract.

  14. Say no to the attack on social and democratic rights in Europe!

    30 May 2011
    Article

    On 8 June the EU Parliament will vote on our response to the Eurocrisis: sign this petition by ATTAC asking them to reject the neoliberal austerity package which will make the public pay for the bank's crimes. There are alternatives to austerity.

  15. Will the financial markets really be tamed?

    Myriam vander Stichele
    12 May 2011
    Article

    Three years since the outbreak of the global financial crisis, the banks are back making mega-profits while the burden has clearly shifted to citizens and workers. However civil society action at European level could still make a difference in reining in the financial sector.

  16. Book Review of “Whose Crisis, Whose Future?” by Susan George

    Claudio Schuftan
    17 March 2011
    In the media
  17. Voices from the World Social Forum

    Susan George
    08 February 2011
    Article

    Although initiated as a counter-forum to Davos, the World Social Forum has evolved beyond it now, focusing on the root causes of problems facing humanity and developing real alternatives as solutions.

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    Video: Emerging Powers: Allies or Rivals?

    Boris Kagarlitsky, Dr. Chaohua Wang, Research Scholar in Chinese Studies at the University of California, Los Angeles (UCLA)
    21 January 2011
    Multi-media

    The economic elites are turning to a neoliberal Keynesianism to save the crisis of capitalism, which is doomed to fail because it does not address its root causes.

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    Wasted, ravaged, destroyed: a plea for an end to this disastrous economic model.

    Susan George
    17 January 2011
    Article

    Capitalism is the greatest waste machine invented by mankind: the natural resources of our planet have been plundered, and the social costs are enormous. 

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    The impact of free trade on the financial crisis … and vice versa

    • Myriam vander Stichele
    25 November 2010
    Paper

    Behind the currency wars and the worsening global economic crisis lies a largely unquestioned free trade model that both contributed to the crisis and, without radical reform, is a major obstacle to overcoming it.

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