Tag - Lynn Fries

Stabilizing an Unstable Economy – Jan Kregel on Hyman Minsky

Jan Kregel explains the fundamental problem with the economic system is its focus on providing finance to investors. Hyman Minsky, who understood that financial instability is inherent to capitalism, proposed changing the economy’s objective to employment.

Restructure Capitalism or Fascism Will Grow

Prabhat Patnaik reflects on the COVID-19 shock that has worsened the crisis triggered by globalized finance. Only two possibilities emerge: restructure capitalism by controlling finance, or let the tendencies towards very coercive forms of fascism grow.