Archive : Tag

Krippner: how the US avoided tough decisions through deregulation

POSTED ON March 17th  - POSTED IN Blog, Financial Regulation

Krippner capitalisingA short review of Greta Krippner’s Capitalising on Crisis – The Political Origins of the Rise of Finance

By Jack Copley

Financial markets are fundamentally concerned with the future. Loans to businesses enable future profits, derivatives supposedly insure against future risk, and speculative practices attempt to profit from future price movements. Yet to truly understand how we arrived at the current financial status quo, we must turn our gaze backwards. This is exactly what Greta Krippner does in her 2012 book Capitalising on Crisis

Competitiveness, a code word to force tax cuts and deregulation

POSTED ON March 6th  - POSTED IN Blog
Code words
Business Climate
Open for Business
Global Race
UK Plc
Wealth Creators
Job Creators

Please comment below if you think there are others we should use.

Our inaugural blog explained how we’re dedicated to unpacking “competitiveness” as it applies to countries, not companies.

Once you start looking out for these c-words, ‘competitive,’ ‘compete,’ ‘competition,’ you will find them everywhere to talk about states and whole countries (and even whole regional blocks, like Europe). These words are used to close down debate.

“Well, we must do this, in order to stay ‘competitive,’ ” a politician says.

And people sigh, hang their heads, and move on. They feel powerless.

Yves Smith of Naked Capitalism calls this concern with so-called competitiveness “a not very good yet widely accepted excuse for crushing labour.” And we’d tend to agree.

Back to Top