Difference between revisions of "6. The global economic crisis - Jean Claude Vessillier"

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== Plan of the lecture ==
*The neoliberal answer to the crisis since the 1980’s
- The extension of neoliberal measures: liberalization, privatization and external opening of economies.
- Main characteristics of the neoliberal period: financialization, stagnation and unemployment.
- Restoring profitability: the wage stagnation.
- The resurgence of financial capital
*Marxist analysis of the current crisis
- Profitability and evolution of the rate of profit
- Financialization and accumulation of fictitious capital: the crisis of neoliberalism
- The Euro crisis: a storm in the center of the world economy
- The crisis in Latin America and Asia
*The responses of the elites to the current crisis and possible alternatives
- The response in USA: the support to Wall Street and to financial capital
- Bailouts, austerity and Memorandums in the European Union: deepening social regression
- Alternative economic policy
== Reading materials ==
== Reading materials ==


* [http://www.internationalviewpoint.org/spip.php?article3474 David McNally (interview by Andrew Sernatinger and Tessa Echeverria): "Capitalism, Global Slump & the New Normal", International Viewpoint, 25 July, 2014.]


* [http://hussonet.free.fr/loulou12.pdf Husson, Michel and Louçã, Francisco (2012): “Late capitalism and neo-liberalism. A perspective on the current phase of the long wave of capitalist development”, January 2012.]
* [http://www.internationalviewpoint.org/spip.php?article2192 Toussaint, Eric (2011): "Core vs Periphery in the EU", International Viewpoint, 25, June, 2011.]
 
* [http://hussonet.free.fr/debaproe.pdf Husson, Michel (2010): “The debate on the rate of profit”, International Viewpoint, July 2010.]
 
* [http://thenextrecession.files.wordpress.com/2012/07/crisissummaries.pdf Moseley, Fred (2012): "The U.S. Economic Crisis:  Profitability Crisis and Household Debt Crisis Combined”, URPE-Occupy Summer Conference, August 2012.]


* [http://thenextrecession.files.wordpress.com/2012/07/crisissummaries.pdf Shaikh, Anwar (2012): “Causes and Consequences of the Current Global Economic Crisis”, URPE-Occupy Summer Conference, August 2012.]
* [http://www.internationalviewpoint.org/spip.php?article4135 LCR-SAP: The Greek test of strength and the urgency of a strategic debate on the left]


* [http://cadtm.org/In-the-eye-of-the-storm-the-debt Toussaint, Eric (2011): “In the eye of the storm: the debt crisis in the European Union”, CADTM, September 2011.]
* [http://www.thenorthstar.info/?p=11059 Ingo Stützle (2013): "Keynesianism is not Necessarily Leftist", The North Star, November 2013]


* [http://www.internationalviewpoint.org/spip.php?article1530 Toussaint, Eric (2011): “New Debt Crisis in Third World?”, International Viewpoint, 31, October, 2011.]
additional reading materials:


* [http://cadtm.org/Europe-What-emergency-programme Millet, Damien and Toussaint, Éric (2012): “What emergency programme for the crisis?”, International Viewpoint, July 2012.]
* [http://www.internationalviewpoint.org/spip.php?article3394 Toussaint, Eric: What can we do with what Thomas Piketty teaches us about capital in the twenty-first century? ]

Latest revision as of 17:06, 24 August 2015

Reading materials

additional reading materials:

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