"The credit system appears as the main lever of overproduction and over speculation in commerce solely because the process of reproduction, which is elastic in its nature, is here forced to its extreme limits.
THE US, the most powerful economy in the world, responsible for a third of world output, is reeling with shock. This time there are no foreign terrorists who can be held responsible for disaster striking. […]
Summer is usually a period when "not much happens", at least in Europe. But this Summer is like the calm before the storm. The mass demonstration in Genoa and the last general strike in Argentina […]
This is an update on the world economy, a brief supplement to the CWI statement "Crisis of global capitalism", dated February 1998.
"Consider the big picture: an east Asia of toppling currencies and bank insolvency: rising unemployment in Latin America’s largest economy (Brazil) and falling real wages throughout the region: stagnation and unemployment in Europe: a rapidly […]
CWI- Please inform us if you are reproducing any material from this site.