The great inflation debate rages on / by Michael Roberts

If the major economies slow down sharply or even enter a slump by the end of this year, inflation too will eventually subside—to be replaced by rising unemployment and falling real wages. Image from Shutterstock. The inflation debate among mainstream economists rages on. Is the accelerating and high inflation rate of commodities here to stayContinue reading “The great inflation debate rages on / by Michael Roberts”

Western-led globalization might end, but the new globalization might have an Eastern face / by E. Ahmet Tonak and Vijay Prashad

Polish President Andrzej Duda and Chinese President Xi Jinping signed a declaration on strategic partnership in June 2016, as part of the Belt and Road Initiative (BRI) (Photo: Andrzej Hrechorowicz) The appetite around the world has increased for an alternative to Western globalization, but this does not necessarily mean de-globalization. An article written by authorsContinue reading “Western-led globalization might end, but the new globalization might have an Eastern face / by E. Ahmet Tonak and Vijay Prashad”