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British Foreign Secretary David Miliband was right in his recent LSE speech: there is nothing inevitable about globalization. The current crisis puts its continuation into doubt, as protectionist calls grow louder and the policy response by major international players remains somewhat confused. It is important to recognize that the current juncture is crucial, and that […]

Posted by Dimitris Tsarouhas

* Someone who chooses to receive the benefits of a “public good” or a positive “externality” without contributing to paying the costs of producing those benefits.
The world is facing the most severe financial and economic crisis in the post-war decades. International organisations, like the OECD and IMF, in their latest projections, anticipate that the contraction […]

Posted by Stylianos Petsas

There is no doubt left: it is the worst crisis of global capitalism, at least since the 1930s. The International Monetary Fund forecasts the harshest global recession of the last sixty years. The “masters of the universe”, Wall Street’s golden boys and their indolent regulatory authorities, could have hardly made a worse mess.
Captive to the […]

Posted by George Pagoulatos