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Stockhammer, E., Ramskogler, P.: Post Keynesian economics - how to move forward, Department of Economics Working Papers, 14/2008, Vienna University of Economics and Business Administration

Critics of capitalism often argue that any form of capitalism would eventually devolve into corporatism, due to the concentration of wealth in fewer and fewer hands. A permutation of this term is corporate globalism. John Ralston Saul argues that most Western societies are best described as corporatist states, run by a small elite of professional and interest groups, that exclude political participation from the citizenry. Corporatism has been supported from various proponents, including: absolutists, conservatives, fascists, progressives, reactionaries, socialists and theologians. In the United States, economic corporatism involving capital-labour cooperation was influential in the New Deal economic program of the United States in the 1930s as well as in Fordism and Keynesianism.[36] In the post-World War II reconstruction period in Europe, corporatism was favoured by Christian democrats, national conservatives, and social democrats in opposition to liberal capitalism.[37] This type of corporatism faded but revived again in the 1960s and 1970s as "neo-corporatism" in response to the new economic threat of stagflation.[38] Neo-corporatism favoured economic tripartism which involved strong and centralized labour unions, employers' unions, and governments that cooperated as "social partners" to negotiate and manage a national economy.[39]

Reputation Economics Revisited by Stranded Wind Digg this! Share this on Twitter - Reputation Economics RevisitedTweet this submit to reddit Share This Thu Apr 15, 2010 at 11:52:41 PM PDT

money finance economics finances justice economic fraud corruption financial industry banking system ponzi

"Slightly left of center economic commentary on news, politics, and the economy. "

The economic crisis and the resurgence of class conflict in the United States

"Is national economic policy in the hands of unknown bankers and financial interests around the world?"

Both Republicans and Democrats have been explaining that "There Is No Alternative," we need public policies promoting austerity because government is "out of money." The question seems to be not "do we need austerity?" but "will we be austere sooner or austere later?" Meanwhile, the bipartisan consensus is that the government is definitely out of money. But these assertions are at odds with the common knowledge that the U.S. government literally creates its own money. Unlike the euro, the dollar is a sovereign, fiat currency, unconstrained by exchange rates or treaties. And since Nixon closed the gold window, government can issue dollars without waiting for gold or silver mines to provide any backing for them. So we can't possibly be "out of money," any more than the Bureau of Weights and Measures can be "out of inches."

"Why is our economic system consigning billions of people to degrading poverty, destroying Earth's ecosystem, and tearing up the social fabric of civilized community? "

"Our current economic choice is not between capitalism and communism. It is between locally accountable Main Street markets and Wall Street central planning by predatory global financiers."

"Principles For Economic Recovery And Financial Reconstruction From Progressive Economists"

"Progressive Program for Economic Recovery and Financial Reconstruction"

"Wicks-Lim, Jeannette | Pollin, Robert An Economic Analysis of the Nashville Living Wage Proposals Publication Date: 11/1/2009"

Pollin, Robert | Baker, Dean Public Investment, Industrial Policy and U.S. Economic Renewal Publication Date: 12/17/2009

Hamm, Patrick | Stuckler, David | King, Lawrence The Governance Grenade: Mass Privatization, State Capacity and Economic Growth in Post-communist Countries Publication Date: 5/12/2010

"Heintz, James | Garrett-Peltier, Heidi | Pollin, Robert Clean Energy Investments, Jobs, And U.S. Economic Well-Being: A Third Response To Heritage Foundation Critics Publication Date: 8/5/2009"

"Epstein, Gerald Obama's Economic Policy: Achievements, Problems & Prospects Publication Date: 3/12/2009"