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From Progressive Neoliberalism to Trump and Beyond

Gregory. N. Heires Portside
The social breakdown, symbolized by Trump's election and the malign effects of austerity policies serve to destroy faith in neoliberal capitalism. When that faith started to fray, new forms of outsider populist politics emerged left and right.

Socialism At Its Finest After Fed’s Bazooka Fails

Ellen Brown Web of Debt
When the Covid-19 scare has passed, we will have a different government, a different economy and a different financial system. We need to make sure that what we get is an upgrade that works for everyone.

Not a Matter of If, But When

Shawn Hattingh Monthly Review
The danger derives from the reactions of the ruling classes and their states to the crisis of 2008. The paths they chose to follow to save and even further their own wealth in the aftermath of the 2008 crisis have paved the way for a future crash that could dwarf the one of a decade ago.

The Bitcoin Hoax

Robert Kuttner Huffington Post
We should hardly be surprised that Bitcoin is on a wild speculative ride—that’s the essence of privatized credit creation.

Reform or Divorce in Europe

Joseph E. Stiglitz Project Syndicate
The worst-performing eurozone countries are mired in depression or deep recession; their condition is worse in many ways than what economies suffered during the Great Depression of the 1930s. The best-performing eurozone members look good, but only in comparison.This system cannot and will not work in the long run: democratic politics ensures its failure. Only by changing the eurozone’s rules and institutions can the euro be made to work.

Puerto Rico's Colonial Economy

Arthur Macewan Dollars and Sense
Dear Dr. Dollar: It seems like Puerto Rico’s economic and financial mess came out of nowhere. Until recently, there wasn’t much about Puerto Rico in the press, but what there was seemed to portray things as fine, with a generous amount of funds going to the island from Washington. Sometimes, Puerto Rico was held up as a model for economic development. So where did the current mess come from? —Janet Sands, Chicago, Ill.
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