Tags » Financialization

The collapse of Ireland's Celtic Tiger: an incredible story of corporatism, neoliberalism and globalization run amok

In 2008 Ireland experienced one of the most dramatic economic crises of any economy in the world. It remains at the heart of the international crisis, sitting uneasily between the US and European economies. 318 more words

Books

China Chases Its Shadow (Banks)

An Excerpt of Jack Rasmus’s recent publication on the destabilizing effects of shadow banks on China’s economy, published this past week in teleSUR media, follows below. 1,179 more words

Norman Pilon reblogged this on Taking Sides and commented:

[You can also read Jack Rasmus’ article here: telesur]

The Revolution of Bitcoin Banking

One of the dirty secrets of the bitcoin world is that we are still in the 11th century of online exchange. Today bitcoiners are dealing with the classic issue that plagued humanity since at least the… 1,133 more words

Bitcoin

James Tobin on 'paper economy' and short-sighted speculation-generating financial instruments

Nobel laureate in Economic Sciences James Tobin at the conclusions in his (open access) “On the Efficiency of the Financial System” paper:

“We are throwing more and more of our resources, including the cream of our youth, into financial activities remote from the production of goods and services, into activities that generate high private rewards disproportionate to their social productivity.

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Neoliberalism