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economicsfromthetopdown.com | ||
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surplusenergyeconomics.wordpress.com
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| | | | | THE COMING FINANCIAL CRASH One question, above all others, has dominated our recent discussions here. This is the issue of whether the financial system will fracture as the underlying real or material economy inflects from growth into contraction. Has some kind of chaotic reset either contractionary or hyperinflationary become inevitable? Are we | |
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dissidentvoice.org
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| | | | | As an intended outcome of neoliberal doctrine and a natural stage of capitalist development, global financialization constructs a borderless nexus of power in which debt and austerity fuels a cultural, political and economic landscape bound to enduring structures of domination, and creates unprecedented wealth through the accumulation of suffering. ***** According to economist Richard Wolff, | |
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michael-hudson.com
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| | | | | [AI summary] This article delves into the historical context of economic systems, focusing on the collapse of ancient civilizations like Greece and Rome due to oligarchic structures and unsustainable debt. It highlights the contrast between ancient practices of debt cancellation and modern financial systems, emphasizing the importance of debt forgiveness to prevent social and economic collapse. The discussion includes insights from economist Michael Hudson, who argues for the necessity of debt cancellation as a means to restore economic balance and avoid the fate of ancient civilizations. The piece also touches on the implications of global debt, particularly for the Global South, and suggests that debt forgiveness could be a critical step toward justice and... | |
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staging.ips-dc.org
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| | | Our public scholars make sure the poor people and communities of color most impacted by climate injustice are leading the transition to a renewable economy at all levels. | ||
