Tag Archives: GFC

Ponzi nation

As we enter the last couple of months before the general election it is worth talking about the unspoken cancer at the heart of New Zealand’s economic system. It seems to be off the election agenda. Sure it is not a purely kiwi disease but there is post GFC a smugness among many New Zealanders […]

Obama’s pathetic legacy

Even before Barack Obama is half way through his second term you can tell how woeful his legacy will be. Thomas Frank in Salon has written a cutting piece Right-wing obstruction could have been fought: An ineffective and gutless presidency’s legacy is a failure mocking the likely highlights of the Obama Presidential Library. The task […]

Thomas Frank on Thomas Piketty

I haven’t read Thomas Piketty’s best seller Capital in the Twenty-First Century yet but I found much to applaud in Thomas Frank’s review of it on Salon. It resonates what the best heterodox economists/economic historians like Steve Keen and Michael Hudson have been saying for years. The criticism goes to the heart of of the fallacy of neo-liberalism, […]