Posts Tagged ‘Financial Crisis’

The light dawns … on the failure of austerity to overcome recession

by Bryan Gould.

A complete understanding of great events will often have to wait until well after the shouting and the tumult die away and a longer perspective permits a more objective assessment of what really happened. Even then, though, greater elucidation proceeds at a glacial pace. Today, we may well find ourselves again at the beginning of […]

The causes of the next crash are clearly visible

by Michael Meacher.

In hindsight it is extraordinary that the warning signs of the 2008-9 crash were almost universally missed, largely because the hoped-for fantasy of bull markets continuing uninterrupted blinds investors to the nature of the capitalism they’re riding on. But lessons are rarely learnt, and the signals of over-exuberance and over-reach are apparent again today, with […]

The housing bubble shows this “recovery” is fatally short-sighted

by Dominic Curran.

Amid the arguments that the UK is headed towards a new housing bubble, it seems clear that the so called recovery is simply a “return to normalcy”, with none of the lessons from the crash being learned and dooming us to make the same mistakes. At the time of the crash, the bailouts themselves seemed […]

Who is to blame for the crisis? Not unions, immigrants or ‘scroungers’

by Michael Burke.

A crisis is an objective fact to which there can essentially be only two responses. The cause can be identified and addressed, or some other explanation can be advanced which effectively shifts the blame for the crisis elsewhere. The government and the supporters of austerity are increasingly bent on the second course. A succession of […]

The FT, hedgehogs and the scale of the crisis

by Michael Burke.

In analysis of any issue it is crucial to distinguish between factors that are of primary or decisive importance and those that are secondary or lesser matters. This applies to economic analysis as much as other disciplines. There is a vast amount of economic data which is produced by innumerable public and private agencies internationally, […]

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