Life beyond capitalism
August 12, 2017The economy is no longer a job supplier. This paradigm has now come to pass because, in the era of globalisation and the financialisation of our economies, growth no longer goes hand in hand with honourable and fairly paid work but for a minority. The subprime crisis came about fundamentally due to huge loans given…
The central bank of the 21st century
December 17, 2016Central banks hold the key to our economic recovery since they can afford to create money in unlimited quantities, without ever fearing bankruptcy. While they don’t do it deliberately to relaunch growth, it is true that – in their defense – they weren’t founded to regulate public consumption. Their raison d’être has historically been to…
Uberising monetary creation
November 16, 2016How can we break free from the dominant ideology which asserts that States are only capable of budgetary discipline if they have to finance themselves via financial markets? Neoliberalism teaches us that market sanctions on lax nations will be exercised in the form of higher interest rates, meant to put spendthrifts back on the right…
Uberising monetary creation
April 30, 2016How can we break free from the dominant ideology which asserts that States are capable of budgetary discipline only if they have to finance themselves via financial markets? Neoliberalism teaches us that market sanctions on lax nations will be exercised in the form of higher interest rates, meant to put spendthrifts back on the right…
Life beyond capitalism
March 21, 2016The economy is no longer a job supplier. This paradigm has now come to pass because, in the era of globalisation and the financialisation of our economies, growth no longer goes hand in hand with honourable and fairly paid work but for a minority. The subprime crisis came about fundamentally due to huge loans given…
To save the rich, relieve the poor!
April 29, 2015A debate rages on, mostly in the United States, regarding the secular stagnation of our economies. This secular stagnation is due, in my opinion, to the extraordinary productivity of capitalism. The very low, zero-boundary or even negative interest rates are simply the consequence of capital’s very efficient productivity. As for unemployment, it is itself a…
