As mayhem breaks out on stock markets; as Eurozone banks freeze up; and as the global financial system approaches a frightening 'danger zone,' the champions of the globalised 'free market' and of the Euro are in search of a scapegoat.

Instead of accepting that it is the broken banking...

We write to encourage you -- to urge you on in your resistance.

In your defiance, you understand Greece is slave to the interests of private wealth.

You must understand too that it is private wealth that needs Greece. Greece does not need private wealth.

As is obvious to you...

The disaster in Japan is almost beyond comprehension. Without minimizing the scale of the humanitarian tragedy, it is already possible to discern the emerging economic debate.

Stock markets immediately anticipated the potential benefits to Japan's construction industries and their suppliers. Policy makers in the U.K. and Europe, who are busy...

Co-authored by Victoria Chick

Never has a book on economics been so anticipated.

John Maynard Keynes's The General Theory of Employment, Interest and Money was published 75 years ago today. Back then, there were queues outside the Economists' Bookshop in Houghton Street, London. Opening hours had to be extended to...

Let's be honest: the banking system is now fully dysfunctional. It has failed in its primary purpose: to act as a machine for lending into the real economy. Instead the banking system has been turned on its head, and become a borrowing machine.

HuffPost readers, I know, are smart...

It's not often that you get to sit in the same room with a group of world leaders and hear their wisdom, ideas and experiences at the personal and political levels.

I've just enjoyed that privilege. And the world leaders were all women.

The occasion is a conference of thousands...

Britain's political elites are doing deals this weekend, trying to form a government. Gingerly making their way across the shifting tectonic plates of public opinion; wary of being tripped up again by voters.

For, let's face it, the British electorate are no fools.

As the governor of the...

It might seem extraordinary, but in the midst of deficit-cutting mania it is a rating agency, Standard and Poor's, that is talking common sense about government debt.

By doing so they are challenging members of the international Austerity Party -- a political party that dominates economic debate across the...

The humiliating surrender of Greece's economic autonomy came just last Friday, 23 April, 2010. The democratically elected Prime Minister, George Papandreou transferred to unelected officials in Brussels and Washington the power to determine Greece's fiscal policy. In other words, decisions about taxation, and how tax revenues should be...

Microsoft's decision to stay doing business in China, in contrast to Google's stand on censorship, is attacked by Rep. Chris Smith as "enabling tyranny." But the company's stance is perhaps more straightforward than that of Google's. China is important to Microsoft, and the company is not...

By Ann Pettifor and Jeremy Smith, Advocacy International.

The people of Iceland have a deep democratic tradition. In Saturday's referendum they have the opportunity to assert their sovereignty and autonomy.

Their leadership and example will encourage people in other democracies to reject harsh cuts in public services...

Citizens are rightly angry at the way both the Bush and Obama administrations, aided by Governor Ben Bernanke -- pretty well unconditionally bailed-out the bankers of Wall St., just like governments in Europe and Asia.

While politicians and regulators rushed to dampen the flames of financial crisis with taxpayer...

A tale of two presidents. One is president of a country of about 300,000 people -- Iceland -- a country about the size of Virginia, President Olafur R. Grimsson. The second is president of a country of about 300,000,000 people, the United States. President Obama.

Both their presidencies have...

Some may wonder why I cheered when White House Chief of Staff Rahm Emanuel announced that the president plans to cut the deficit, because he "does not want to keep on adding to the debt."

It's no secret that conservative economists believe that the way to cut the...

In William Hogarth's famous engraving of 1721, the world of finance, corrupted by the phantom of the South Sea Bubble, is cruelly satirised. To represent market cheerleaders, a goat sits astride a spinning carousel and asks: 'who will ride?" Lured by this charlatan, investors crowd on to the shaky, but...

Could it be that all those 'top stories' in the media are just for the top people?

The media -- with the Huffington Post an honorable exception -- appears to have a blind spot for the suffering of Joe, the now chronically unemployed plumber, and an equal disregard for Josephine,...

Today the Summit of world leaders -- the G20 -- ended in a spirit of good cheer. World leaders are united, they're confident and they're looking forward. They have looked closely at the system that crashed, and decided simply to reboot it. It appears we have all been fooled: there...

By Ann Pettifor and Maz Kessler, Advocacy International.

President Clinton was on Larry King the other night, reminding us with typical directness that people die simply because they can't get medicine. This is particularly true for poor women and their newborn babies.

Women - mothers -...

"The wages of men should be recognized in the social order as more important than the wages of money...." Abraham Lincoln

The leaders of the world are about to gather in New York and Pittsburgh to address the catastrophic failure of the global economy at a time when...

Make no mistake about it. We are in the middle of a monumental political conflict -- with very high stakes. On one side: politicians, regulators and pundits, battling for the interests of middle-class Americans.

On the other: the banks and finance sector.

On the one side:...