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“The leading socialist economist in the country” explores the roots of the Great Recession and its immense impact on working people (Cornel West).
While most mainstream commentators view the crisis that provoked the Great Recession as having passed, these essays from Richard Wolff paint a far less rosy picture. Drawing attention to the extreme downturn in most of capitalism’s old centers, the unequal growth...
While most mainstream commentators view the crisis that provoked the Great Recession as having passed, these essays from Richard Wolff paint a far less rosy picture. Drawing attention to the extreme downturn in most of capitalism’s old centers, the unequal growth...
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In its hubris, the financial sector has hijacked the American economy and put our very global future at risk. “Bad money” refers not just to the depreciated dollar but to the dangerous attitudes and flawed products of wayward megafinance. Also “bad” are the risk miscalculations and strategic abuses of new multitrillion-dollar products and vehicles like CDOs and SIVs. Phillips lashes out at the “bad money” practices...
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