Latest News

Against the Debt Economy

“Only debtors can free debtors from their debt” -Patterned on Berthold Brecht’s poem, All or Nothing.

George Caffentzis debt and money philosopher starts with his conclusion: The Global Justice movement of the 1990s and early 2000s focused on national debt. It is time that its heirs join forces with the nascent movements struggling against micro-debt that developed after the crash of 2008 in order to present a challenge to the whole debt economy. To make my argument for this political conclusion...

Temàtiques: 

  • Debt

Capital Controls: A practical guide

Costas Lapavitsas (SOAS), Daniel Munevar (CADTM) and Sergi Cutillas (ODG). Members of RMF Project.

This report, written by members of the ODG, the CADTM and RMF, explains the great importance of capital controls policies (restriction of the free movement of capital) for the proper functioning of economies. Capital controls have been widely rejected by the conventional theory for decades. Even heterodox economists have treated them with skepticism. However, evidence shows that these policies...

Temàtiques: 

  • Debt

The new European Banking Liquidation Fund, another mechanism for socializing bank losses

Sergi Cutillas, Javier Soraluce and Carlos Sánchez-Mato.

The Ecofin (European Council for Economic and Financial Business) has agreed to create the fund for liquidating banks in Europe or, in other words, to insure depositors’ money, which will be called Single Resolution Mechanism (SRM) . In this new pact there is, as there has been lately, a clear winner. Germany has assured itself that the European Commission will not have the last word in order to...

Temàtiques: 

  • Debt

Pages

Xarxes afins