Capital Flows

An open letter to the people of Greece: restore the Drachma

June 21, 2011 June 21, 2011 / Bank Bail-outs, Banking Crisis, Bretton Woods, Capital Flows, Central Banks, Debt, Democracy, ECB, Greece, Inflation, Interest Rates, International Financial Architecture, International Financial System, Unemployment

Unemployment poster ‘jobless men keep going, we can’t take care of our own’, 1931. We write to encourage you – to urge you on in your resistance. In your defiance, you understand Greece is slave to the interests of private wealth. You must understand too that it is private wealth that needs Greece. Greece does …

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Coming soon: another global financial crash? Capital mobility and the commodity mania

May 10, 2011 May 10, 2011 / Anglo-American Financial Crisis, Banking Crisis, Capital Flows, Central Banks, Credit Crunch, Debt, Federal Reserve, Financial Crisis, Globalisation, Government Borrowing, International Financial Architecture, International Financial System, Money, UK Financial Crisis, US Financial Crisis, World Bank

Tin produced at a Glencore plant in Vinto, Bolivia “Experience shows that when policies falter in managing capital flows, there is no limit to the damage that international finance can inflict on an economy.” Yilmaz Akyüz, “Capital Flows to Developing Countries in a Historical Perspective: Will the current Boom End with a Bust?” Today, as …

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Ann Pettifor

Capital Flows