Here Comes Bourgeois Socialism – Again 03:18 Apr 28 3 comments The US-Turkey stand-off in context: the US and the weaponisation of global finance 19:04 Sep 13 0 comments Fuel Price Hikes Hammer South Africa’s Working Class 17:53 Sep 20 1 comments The Davos Blind Eye: How the Rich Eat the Poor and the World 18:07 Jan 26 0 comments Riflessioni sullo stato di crisi del capitalismo 06:41 Dec 24 0 comments more >> |
Recent articles by Mark Weisbrot
Search author name words: Mark Weisbrot The Reality Behind Trump’s Coalition for Regime Change in Venezuela 0 comments The world has nothing to fear from the US losing power 0 comments Why the world should care about Honduras' recent election 0 comments Recent Articles about International EconomyThe State and the power of Business Mar 08 21 Shock en el Mercado Petrolero. Caos en el Laberinto Apr 30 20 Here Comes Bourgeois Socialism – Again Apr 28 20 This disastrous 'debt crisis' myth
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non-anarchist press
Monday August 22, 2011 21:21 by Mark Weisbrot - The Guardian
The real risk of a new recession in the US and Europe comes not from debt, but by strangling growth with a fiscal tourniquet. [Italiano] The prevailing understanding of economic troubles in the US and Europe, the world's two largest economies, is misunderstood in a number of ways. First, imagine that you are driving a car down a road packed with snow and ice, and you are worried about an accident. At the same time, you are ignoring the fact that you are about to run out of gasoline, leaving you stranded and freezing in the middle of nowhere. |
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