There is nothing natural about the existing capitalist order, and thus we can think far more creatively about how we want to reconstruct it. The real question is whether starting from where we are now, can we build social institutions that allow us to expand progressively the scope of equality and democracy.
Category Archives: Periodical
The failed attempts of catching up in Central and Eastern Europe
After 1989 a revaluation of the pre 1945 potential of Central and Eastern European economies began. The objective of this historical revisionism was to justify the bright perspectives of the countries introducing market reforms. These hopes, however, did not materialize.
The contemporary crisis of the world capitalist economy
With the 1997 crises of Asia, an economic crisis began that is unprecedented since World War II. Globalisation itself would be able to faciliate the elimination of the social tension accumulated in our world. At present conditions, however, it is more likely that the contradictions of the world economy would materialize in great crisis.
Trends of industrial development and Hungary
Globalization is a logical outcome of world capitalist development. Its roots can be found in the propensity of capital to grow. Looking back from the contemporary stage of concentration, earlier theories that claimed the power of small enterprise look ridiculous. The author outlines the impact of global economic trends on the Hungarian economy and draws some conclusions for practical economic policies too.
The roots of evil
In the recent financial crises, the IMF, the World Bank, the WTO and the OECD have been unable to forecast and manage the market disturbances. Instead of tough ..reform packages", the governments should turn their attention to the roots of the evil, i.e. the liberalized flow of transnational capital.