Tag Archives: Crisis

The coming ‘tsunami of debt’ and financial crisis in America

The coming ‘tsunami of debt’ and financial crisis in America
The US Congressional Budget Office is projecting a continued economic recovery. So why look down the road – say, to 2017 – and worry? Here's why: because the debt held by American households is rising ominously. And unless our economic policies change, that debt balloon, powered by radical income inequality, is going to become the next bust. Our macro models at the Levy Economics Institute are showing that the US economy is about to face a ... Read more

Social Movements and Power: Change from Below in the Domincan Republic

Social Movements and Power: Change from Below in the Domincan Republic
Revolutions – the October Revolution, all of them - were based on that image of the assault on power. This is an anti-Zapatista image, which instead is of building power from the community, from below. This image requires a new vision. Our problem nowadays is how to build power and a new economy from below. There are many factors to take into account in doing this, but first and foremost: human beings. Read more

David Harvey: the crisis of capitalism this time around

David Harvey: the crisis of capitalism this time around
What is so striking about crises is not so much the wholesale reconfiguration of physical landscapes, but dramatic changes in ways of thought and understanding, of institutions and dominant ideologies, of political allegiances and processes, of political subjectivities, of technologies and organisational forms, of social relations, of the cultural customs and tastes that inform daily life. Crises shake our mental conceptions of the world and ... Read more