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Tag Archives: Global Economy
Roger Baker : AIG and the ‘Adverse Feedback Loop’
Image from nextlogics Bernanke hates to call our current situation a deflationary spiral despite its close resemblance to one. Perhaps because of the association of that term with the Great depression, Bernanke chooses to call our current crisis an ‘adverse … Continue reading
Posted in Rag Bloggers
Tagged Bank Bailouts, Economic Crisis, Economics, Global Economy, Investments
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The End of the Financial Crisis Is Nowhere in Sight
The Global Collapse: a Non-orthodox ViewBy Walden Bello / February 22, 2009 This is the longer version of an essay by the author released by the British Broadcasting Corporation (BBC) on 6 February 2009. Week after week, we see the … Continue reading
The Stimulus Fix and the Global Ponzi Scheme
In terms of our current economic condition, we resemble a junkie going through withdrawal; “jonesing,” desperate for a money fix. Stimulus packages are thus globally popular to alleviate the symptoms of our addiction to easy money resulting from the recent … Continue reading
Posted in Rag Bloggers
Tagged Economic Crisis, Economic Depression, Economic Stimulus, Global Economy
2 Comments
Genetically Modified Crops and the Coming Capitalist Consensus
“GMO giant Monsanto is steamrolling India:” A Greenpeace protester sprays milk-based paint on a Monsanto research soybean field near Atlantic, Iowa. AP photo. These folks are pushing Genetically Modified crops (GMO’s) onto the Third World in the name of ending … Continue reading
Posted in Rag Bloggers
Tagged Agriculture, Capitalism, Genetic Engineering, Global Economy, Third World
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Roger Baker : Capitalism and its Minsky Moment
Minsky’s Burlesque. [Basically the same thing.] Photo by Peter Stackpole, 1938 / Life / © Time Inc.‘Whenever capitalism seems to have mastered the secret of eternal success, it has a natural urge to step on the gas pedal.’By Roger Baker … Continue reading
Posted in Rag Bloggers
Tagged Capitalism, Economic Crisis, Finance, Global Economy, Minsky
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The Bailouts? Not Much For the Common Guy
Trillions to financial Terra Incognita; So far very little for ordinary AmericansBy Sherman DeBrosse / The Rag Blog / January 8, 2008 At this moment, the cost of the bailouts, including guarantees, stands at $ 7.2 billion. That includes a … Continue reading
Posted in Rag Bloggers
Tagged Automobile Bailout, Bank Bailouts, Economic Recovery, Finance, Global Economy
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We Are Citizens of Earth, Not Just Consumers: Fixing the Broken Economy Means Changing It
Although this article explicitly addresses the Canadian economy, the points these authors make apply everywhere. Richard Jehn / The Rag Blog Paul Lachine/NewsArtDon’t fix the economy – change itBy Peter G. Brown and Geoffrey Garver / December 26, 2008 Sticking … Continue reading
Roger Baker on the Economy : Sick and Getting Sicker
Image: 1929 Rollin Kirby cartoon on Stock Market Crash, courtesy of Kiko’s House.‘At this point, even megadoses of federal stimulation are having little effect in restoring confidence and reflating the collapsing bubble of US capital investment.’By Roger Baker / The … Continue reading
Posted in Rag Bloggers
Tagged Economic Collapse, Economic Recovery, Economic Stimulus, Federal Reserve, Global Economy
2 Comments
On Adopting China’s Keynesian Economic Policies
John Maynard KeynesThe Triumph of Keynes: China’s Greatest ExportBy Moshe Adler / November 14, 2008 Anyone who is wondering why Chairman Ben Bernanke and Secretary Henry Paulson favor fantastically expensive bailouts of private firms instead of Keynesian policies of direct … Continue reading
A New Model for Managing International Trade and Development , Part IV
Click here for all the posts in the series. In Development……only one road leads to Rome, Part 4By Sid Eschenbach / The Rag Blog / November 15, 2008 A Proposal for a New Trade and Development Paradigm The WTO GATT … Continue reading
A New Model for Managing International Trade and Development , Part III
Click here for all the posts in the series. In Development……only one road leads to Rome, Part 3By Sid Eschenbach / The Rag Blog / November 14, 2008 To Rome… or to Ruin? As a result of the application of … Continue reading
A New Model for Managing International Trade and Development , Part II
Click here for all the posts in the series. In Development……only one road leads to Rome, Part 2By Sid Eschenbach / The Rag Blog / November 13, 2008 History: How did the rich nations get rich? This is the single … Continue reading
