Casino Crash: the end of neo-liberalism?

The greatest financial crisis since the Wall Street crash of 1929 has been met by an unprecedented set of government actions to stem the tide of destruction.

But is there also a coming sea change in economic theory and practice, as well as in politics, in the shift from a free market to intervention in the market? Is this the end of 'capitalism as we know it? What are the power politics and prospects to achieve change? What are the alternatives to these catastrophically failed ideas behind the 'neoliberal globalization' and 'corporate globalisation?

http://www.casinocrash.org

TNI panelists analyse the causes and consequences of the on-going global financial crisis and discuss its profound implications for a changed world order.

Susan George, Honorary President of Attac France and Board Chair of TNI.

Howard Wachtel, Professor of Economics at American University, Washington, TNI fellow and works on world economy and international money.

Barry Gills, Professor of Global Politics, editor Globalizations journal and 'Rethinking Globalizations' book series.

Myriam vander Stichele, Senior Researcher, Center for Research on Multinational Corporations (SOMO) and TNI fellow.

About CasinoCrash.org:

Casino Crash is an initiative of the Transnational Institute in Amsterdam, Netherlands and the Institute of Policy Studies in Washington DC, USA. The aim of the blog is to provide a space for critical analysis of the financial crisis. TNI and IPS, made up of academic scholars from around the world, have long been warning of the dangers of the financial bubble. The blog hopes to bring some of these debates to the fore and answer some of these core questions: * What are the real causes of the Wall Street Meltdown? * What are the implications of the responses led by Bush, Paulson and governments worldwide? * Will bank bailouts resolve the crisis? * What will be the social and environmental impact of both the credit crunch and the different political responses to the crisis? * What are the implications of the crisis for the Washington Consensus or even capitalism? * What alternative solutions are needed to resolve both the immediate crisis and its systemic causes?

The debate will be enriched by your participation, so please leave a comment, link to articles you like and help turn this blog into a key forum for debate and analysis of this critical issue.

Category:

Nonprofits & Activism

Tags:

• credit
• crisis
• globalisation
• neoliberalism
• financial
• crises
• capitalism
• corporations
• multinationals
• banks
• somo
• globaliation
• global
• wall
• street
• susan
• george
• howard
• wachtel
• myrian
• van
• der
• stichele
• barry
• gills
• casino
• crash
• transnational
• institute
• activism
• change
• free
• market
• neo-liberalism
• end

[robwe359]

Capitalism sucks! It is just about who can be the most dishonest and get away with it. Profit is many times created when the resources needed for production were obtained at a too low price.

[LastTrueLiberal]

Before you central planners go on chanting "BURN THE WITCH! BURN THE WITCH! BURN THE WITCH!" first take a moment to stop, think, and understand that fixing interest rates at artificially low levels, encouraging borrowing, spending, adjustable rate mortgages, and home ownership, might create a few economic problems here and there.

[HoGraz]

@tothatextent You must be clairvoyant.

[tothatextent]

What a bunch of third-rate liberal idiots. The woman at the end admits that she does not understand what is going on, then assumes the role of decision maker - typical liberal. Nobody mentions the fact that the whole housing crash started with Jimmy Carter.

[Nightsblood192]

@robwe359 No today's corporate "capitalism" sucks, don't talk out of your ass because the foundation of capitalism built many great nations still standing today. Today, fake neo-liberal corporate assholes are taking advantage of this global market, and taking advantage of the smaller more poor countries usually selling out their own people for cheap labor and minimal profits ie. companies like Disney, Tommy Hilfiger etc... Today's use of the free trade market is not about competition anymore...

[TheAutiger13]

thats how the housing crisis happened and it all started under Alan Greenspan and continued in the Bush Administration and The Obama administration is doing the same crap.

[CrowdPleeza]

Where do Fannie Mae and Freddie Mac fit into this?

Also if a lack of regulation was the problem then wouldn't it be a mistake to move to knee jerk over-regulation? Moderate regulation seems to be the more reasonable response now.

[punkasfuck1337]

Due to the nonexistent requirements for gasoline that bikes present, their use has become extremely prevalent among hippies and other tree huggrs under the illusion that they can contribute to cleaner air by peddling their stank asses around like rolling filth bombs In cities where the hippy infestations are particularly virulent such as Seattle, WA and Sacramento CA the smell of patchouli oil is inescapable even within the comfort of one's car on the freeway due to the number of hippes on bikes

[ngonea]

Yeah they even commodified my Ancesters, the first commodities to be sold on Wall St.

chickens do come home to roast,

[LastTrueLiberal]

It's ironic that you call our economy "free market fundamentalism" when it is the Austrian school, the free market school of economics, that has been more critical of the American economy then perhaps any of the other schools.