Schlagwort: World Economic Crisis
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Michael Roberts: The end of the upswing
[Militant International Review, No. 45, New Year 1991, p. 32-39] What are the perspectives for the world economy? Michael Roberts explains. At their international summit in July 1990, the finance ministers of the top seven capitalist nations (G7) exuded confidence that the economic boom which began in 1982-3 would continue indefinitely. They were happy to…
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Lynn Walsh: A period of Depression
[Militant International Review, No 53, p. 19-25] Is the world economy in just another cyclical recession? Or a long-term period of depression? Lynn Walsh examines the arguments. The seasons have changed many times since Clinton, Major, and other capitalist leaders first pointed to ‘green shoots of recovery’. Yet so far, recovery from the recession which…