Archive | Capitalist Financial Crisis RSS feed for this section
The War of Wealth McQueen on the capitalist crisis

The market for futures by McQueen

If Main Street despises bankers, then it loathes the brokers who trade in futures. Bankers, at least, assemble the money necessary for expanded production. Traders in futures make their fortunes by speculating. Worse still are the brokers who trade in financial derivatives. 1. The market for futures by Humphrey McQueen and 2. A poem by […]

Read full story Comments { 0 }
Superannuation: SRI and CSR - hype or reality?

Superannuation: SRI and CSR – hype or reality?

THE SUPERANNUATION QUESTION SOCIALLY RESPONSIBLE INVESTMENT AND CORPORATE SOCIAL RESPONSIBILITY HYPE OR REALITY? 2004 I take up one key issue, that of the question of Socially Responsible Investment, SRI, often called ethical investment together with Corporate Social Responsibility, CSR. SRI is superannuation fund investing in socially responsible companies. CSR refers to those companies that report […]

Read full story Comments { 2 }
Socialist project logo

Socialists on the financial crisis

This is a link to a challenging socialist analysis of the current world capitalist financial crisis by Leo Panitch and Sam Gindin ‘They say they won’t intervene. But they will.’ This is how Robert Rubin, Bill Clinton’s Treasury Secretary, responded to Paul O’Neill, the first Treasury Secretary under George W. Bush, who openly criticized his […]

Read full story Comments { 0 }
McQueen on 'How to lose a trillion' and 'McValue'

McQueen on ‘How to lose a trillion’ and ‘McValue’

How to lose a trillion. (2 October) When the radio news reported that the New York Stock market had “lost” a trillion dollars, my eyes glazed over. A trillion is what Douglas Hofstader calls a Very Big Number, meaning that we have no way of coping with so many zeros after the one ($1,000,000,000,000). Those […]

Read full story Comments { 0 }
Marx on profit

Humphrey McQueen on the capitalist crisis

Freelance left labour historian Humphrey McQueen as guest comments on the capitalist crisis: exploitation the basis, it’s not socialism and all capitalists are parasites. Exploitation leads to over-consumption Even if $US700bn cauterises the collapse of the sub-prime mortgage market, it will not touch the core of the crisis. The root cause is the exploitation of […]

Read full story Comments { 0 }
Capitalist financial crisis September 2008

Capitalist financial crisis September 2008

Financial crisis: working families need protection IR and labour law policy issues in other posts commenting on the Labor governmen cannot but be connected to the capitalist crisis dramatically unfolding with bank and business crashes daily. It is on-going and impacting on working families. This is clear reading the weekend’s press, following Stephen Long daily […]

Read full story Comments { 0 }