Tags: china

Why Capital Is Fleeing China: The Crushing Costs of Systemic Corruption

September 9th, 2015
in Op Ed

What China will be left with a poisoned land stripped of talent and capital. Corruption isn't just bribes and influence-peddling: it's protecting the privileges of the few at the expense of the many. Rampant pollution is corruption writ large: the profits of the polluters are being protected at the expense of the millions being more »

Blame the Federal Reserve, Not China, for Stock Market Crash

September 3rd, 2015
in Op Ed

Following Monday's historic stock market downturn, many politicians and so-called economic experts rushed to the microphones to explain why the market crashed and to propose "solutions" to our economic woes. Not surprisingly, most of those commenting not only failed to give the more »

What Happened in China?

August 26th, 2015
in Op Ed

In a few words, from The Global Minotaur 2011,2013by Yanis Varoufakis Greece is off the headlines, for now, as China's crisis has taken over. In our globalised world, the two crises are utterly intertwined, both the repercussions of global capitalism… more »

Explainer: Why is China Devaluing Its Currency?

August 14th, 2015
in Op Ed

China has shocked global financial markets by devaluing its currency for two days running. August 11 saw a record 1.9% fall in value, followed by another 1% decline on August 12. The move by the Chinese central bank marks the yuan’s largest devaluation in two decades, sending a more »

China Devalues – Euro Zone’s QE Policy Hits a Wall

August 11th, 2015
in Op Ed

Whatever the words from the ECB, quantitative easing was all about lowering the exchange rate of the euro. Why? Because aggregate demand falls short in the euro zone, way short. more »

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