Economy Watch
India: Neoliberalism Marches On
from Frontline [India], 3/13-26/10
On February 26, 2010, Indian Finance Minister Pranab Mukherjee presented the Congress party government's Union Budget 2010-2011, which called for double-diget economic growth. - EW
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Capitalism and the Useful Nation State
from e-International Relations, 3/9/10
Not so long ago, it was fashionable among apologists and many other commentators on contemporary capitalism to refer to the nation state as passé. Globalization of large corporations was enshrined...
Public Services Crisis: Three Articles
from Le Monde diplomatique, March 2010
Too big to fail by Serge Halimi
States rescued the banks in country after country, neither asking nor getting anything in return. The banks are now using their...
Budget Cut: International Labor Comparisons Office
from the Washington Post, 3/3/10
Like a scorekeeper for the world, a tiny unit within the Bureau of Labor Statistics tracks globalization's winners and losers, and the results are not always pretty for the United States....
Fragile Europe of the Single Currency
from MRzine, 3/6/10
There is now a general crisis in Europe without a visible or credible way out. It is clearly evidenced by the continuous flare-up of hotspots of tension: from Greece to the Iberian Peninsula...
"Rebuilding Haiti" -- the Sweatshop Hoax
from MRzine, 3/4/10
Within days of a January 12 earthquake that devastated much of southern Haiti, the New York Times was using the disaster to promote a United Nations plan for drastically expanding the...
The Yuan: At the Heart of Dispute
from l'Humanité [Paris], 2/16/10
Washington, which wants to close a portion of its trade deficit, is pushing for a revaluation of the Chinese currency, accusing Beijing of monetary dumping.
The trade frictions and...
A Future for Agriculture, A Future for Haiti
from Upside Down World, 3/2/10
"We plant but we can’t produce or market. We plant but we have no food to eat. We want agriculture to improve so our country can live and so we peasants can live, too."...
The Doubling of the Global Workforce
from The Globalist, 3/5/10
The global economic community, and economic policymakers in governments and global institutions alike, have yet to fully understand the most fundamental economic development in this era of...
Memo to Greece: Make War, Not Love, With Goldman Sachs
from New Economic Perspectives blog, 2/21/10
In recent weeks there has been much discussion about what to do about Greece. These questions become all the more relevant as the country attempts to float a multibillion-euro bond issue later...
Student Protests and the Threat to Public Education
from BlackCommentator.org, 3/3/10
They've started sending the pink slips to teachers and other employees in San Francisco. In all, almost 900 of them will get layoff notices over the next couple of weeks because the city can...
Systemic Denial
from Fix Congress First blog, 3/5/10
I spent the morning Wednesday at the Time Warner building in New York City, participating in a conference sponsored by the Roosevelt (...
Make `Em Do It
from BlackCommentator.com, 3/3/10
Note: This is excerpted from an address to a gathering of more than 500 leaders from American Federation of Government Employees local unions and councils where policy issues are discussed....
The Great British Economy Disaster
from London Review of Books, 3/11/10
Fanfares, ticker-tape parades and pompom-wielding cheerleaders failed to greet the news that the UK economy grew by 0.1 per cent in the quarter-year to December. That’s as it should be,...
Banks for the People
from Red Pepper [UK], 2/14/10
The crisis of 2007-9 was a systemic upheaval rather than just the result of poor regulation, or of speculative excesses of finance. It was a crisis of financialised capitalism. Financialisation is...
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