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In America’s first 200 odd years of economic history, right up until the 1970s, America ran a significant budget deficit only in major wars or depressions.
We could witness the demise of capitalism in the U.S. in 2024 — according to the latest series of ‘Outrageous Predictions’ published by Danish investment bank Saxo. This bold call — not an ...
Section 1 draws particularly on the ideas of Nikolai Kondratiev, alongside Karl Marx, Rudolf Hilferding, Rosa Luxemburg, and Joseph Schumpeter.Mason notes the cyclical crises in capitalist economies, epitomised by the 2008 financial crisis, and seeks to understand them in terms of Kondratiev's 'wave theory': industrial economies tend to experience wave-like cycles of roughly 25 years' growth ...
“We may be looking at the end of capitalism.” Those words, from the pen of the loquacious Albert Edwards of Societe Generale, shocked the Wall Street analyst set last April and set Alberts on ...
Capitalist realism is inherently anti-utopian, as it holds that no matter the flaws or externalities, capitalism is the only possible means of operation. Neoliberalism conversely glorifies capitalism by portraying it as providing the means necessary to pursue and achieve near-utopian socioeconomic conditions.
J. K. Gibson-Graham have provided significant contributions to understandings of community economies and economic geography. In both A Postcapitalist Politics and The End of Capitalism (As We Knew It), Gibson-Graham "propose to construct a new 'language of economic diversity'" [5] that will contribute to our understandings of possible economic structures. [5]
Kovel's 2002 work, The Enemy of Nature: The End of Capitalism or the End of the World?, [22] is considered by many to be the most up-to-date exposition of eco-socialist thought. [ 64 ] In October 2007, the International Ecosocialist Network was founded in Paris.
Post-capitalism is in part a hypothetical state in which the economic systems of the world can no longer be described as forms of capitalism. Various individuals and political ideologies have speculated on what would define such a world.