Sociologist Wolfgang Streeck asks if Capitalism has a future

Summary: The pace of change has accelerated since Y2k so that it's difficult to see what's happening. Here's a provocative essay by sociologist Wolfgang Streeck describing an evolution almost too large for us to see as it happens -- the decline of capitalism (and, though he does not discuss this, its evolution into something else). … Continue reading Sociologist Wolfgang Streeck asks if Capitalism has a future

President Bush: “I’ve abandoned free market principles to save the free market system”

President Bush in an interview with CNN's Candy Crowley (broadcast 16 December on Lou Dobb's Tonight) -- Excerpt: I feel a sense of obligation to my successor to make sure there is not a, you know, a huge economic crisis. Look, we're in a crisis now. I mean, we're in a huge recession, but I … Continue reading President Bush: “I’ve abandoned free market principles to save the free market system”

America is changing. Read some chillling words from a liberal economist

The crash of the post-WWII debt supercycle will ripple out though our society in ways we cannot now imagine.  There are a few who can grasp the trend of events and see what lies ahead.  Like this article by Brad Delong, economics professor at Berkeley:  "Today in Financial History", posted at his blog Grasping Reality with … Continue reading America is changing. Read some chillling words from a liberal economist