PPT-Who Profits from the Debt and Debt Crisis?

Conference on Alternative Solutions to the Debt Crisis Brussels Belgium March 7 2014 LENDERS Commercial Banks International Financial Institutions Buyers of bonds Governments Who make money from the interest on the loans especially on nonconcessional and only moderately concessional loans. In 1956, two concurrent events transformed the postwar pattern of international relations. The Suez crisis marked the end of innocence for the Western Alliance; henceforth, the . Western allies would never again be able fully to believe in their own avowals of a perfect symmetry of interests. Simultaneously, the bloody suppression of the Hungarian uprising showed that the Soviet Union would maintain its sphere of interest, by force if necessary, and that talk of liberation was empty. There could no longer be any doubt that the Cold War would be both protracted and bitter… Kissinger, Diplomacy, pp. 550-551.. Jeffrey Frankel. Harpel Professor of Capital Formation and Growth. Harvard Kennedy School. State . of the E. uro. Center . for European . Studies. September . 22, 2015. 1. The . membership. should not have been expanded so . By: Hong Lai. Sylvia . Zheng. Discussion Topics. Background Information. Greece’s Imports and Exports. Causes of Financial Crisis. Financial Crisis in Greece. How Greece Financial Crisis Affect Other Countries. . 4 Lectures. . 1. The financial crisis of 2007-09. 2. How banking regulation is changing. 3. The euro area crisis and the Italian economy. 4. The new European governance, the ECB monetary policy and theBanking Union. Steve Keen. University of Western Sydney. Debunking Economics. www.debtdeflation.com/blogs. www.debunkingeconomics.com. Macroeconomics . Before . the Crisis: Triumphalism. “Macroeconomics . was born as a distinct field in the 1940's, as a part of the intellectual response to the Great . John FitzGerald. Oireachtas. Committee, 26. th. October 2011. www.esri.ie. Introduction. Origins of Crisis. Tackling the Crisis. Exit from the Crisis. Everything depends on solving Euro zone crisis. Ozlem. . Onaran. (article excerpts). Three . dimensions to the current, unprecedented global crisis of capitalism: economic. , ecological. , and . political.. 1. Economic: Capitalism is facing a major realization crisis—an inability to sell the output produced, i.e., to realize, in the form of. and FC. © . 1998,2010 . by Peter Berck. Profits. We know that a firm maximizes its profits when p = mc or when q = 0. . But which?. Profits are Revenues less Costs. Profits are PQ – C(Q). = Q { P – AC(Q) }. Steve Keen. Kingston University London. IDEAeconomics. Minsky Open Source System Dynamics. www.debtdeflation.com/blogs. When the economic history of our epoch is written…. There will be at least 3 themes:. Steve Keen. Kingston University London. Asymmetric Return Capital. IDEAeconomics. Minsky Open Source System Dynamics. www.debtdeflation.com/blogs. “Nobody could have seen it coming…”. “. The Queen asked me. ‘Third World’ Debt Crisis . . External debt in the global South. . Impacts: In 1980s. Latin America. Population living in poverty increased from 144 million to 211 million. Africa. . Population living in extreme poverty increased from 205 million to 330 million. In 1956, two concurrent events transformed the postwar pattern of international relations. The Suez crisis marked the end of innocence for the Western Alliance; henceforth, the . Western allies would never again be able fully to believe in their own avowals of a perfect symmetry of interests. Simultaneously, the bloody suppression of the Hungarian uprising showed that the Soviet Union would maintain its sphere of interest, by force if necessary, and that talk of liberation was empty. There could no longer be any doubt that the Cold War would be both protracted and bitter… Kissinger, Diplomacy, pp. 550-551.. Jenna L. Currie-Mueller. Background. Organization is privileged. Expanding field and contexts. Need inclusivity. A new form of crisis. Tight-coupling . Increased entropy of society. New events that defy current understanding. Em. . Professor Ruth Wodak, . FAcSS. Distinguished Professor and Chair of Discourse Studies . Lancaster University/University Vienna. r.wodak@lancaster.ac.uk. http://www.ling.lancs.ac.uk/profiles/265.