Crisis opening in 2007

Crisis: the impact on women. The pressures and the fightback

Author: 
Rebecca Galbraith

Beyond boob jobs — how might the credit crunch affect women? is a recent article on The F-word (a feminist blog) by Carolyn Roberts. The writer makes an observation that I found true when researching this topic — that there is pretty much nothing written on the potential impact of the crisis on women.

£20 billion more "socialism for bosses and bankers" shows market breakdown

Author: 
Martin Thomas

First, the Government semi-nationalised the banks. Now, it is quarter-nationalising the everyday process of trade credit, with the announcement on 14 January of Government guarantees for some £20 billion on loans made by banks to firms for "working capital", i.e. the cash they need to be able to pay wages and bills before their sales income comes in.

Marxist economists on the crisis, 2nd round: 5. David Laibman - The Onset of Great Depression II: Conceptualising the Crisis

Author: 
David Laibman

At this writing (January 2009), firms in all sectors of the U. S. economy are cutting their payrolls; unemployment and homelessness are soaring; and the working class is taking the biggest hit to living standards in several generations, raising deep doubts about the capacity of our capitalist society in the near term to ensure overall social reproduction.

What the money supply figures show

Author: 
Martin Thomas

The Financial Times of 05/01/09 surveys the US money supply figures for 2008. The "monetary base", M0, doubled during 2008. That's the stock of notes and coins in circulation plus bank reserves held at the central bank.

Marxist economists comment again on the crisis: 3. Leo Panitch - The chain broke at the weakest link

Leo Panitch
Author: 
Leo Panitch

The world economic crisis took a sharp turn for the worse in September 2008. Some of the Marxist economists who had discussed the crisis in our first series of interviews, March-July 2008, have commented again. No.3: Leo Panitch.

Marxist economists comment again on the crisis: 2. Fred Moseley - The bondholders and the taxpayers

Fred Moseley
Author: 
Fred Moseley

The world economic crisis took a sharp turn for the worse in September 2008. Some of the Marxist economists who had discussed the crisis in our first series of interviews, March-July 2008, have commented again. No.2: Fred Moseley.

Taxpayer-aided banks pay huge bonuses

Author: 
Chris Reynolds

Solidarity and Workers' Liberty have argued for sacking all the top bank bosses, nationalizing the finance sector without compensation for the big shareholders, and reorganizing it as a public banking, mortgage, and pension service.