Economic Crisis, Philly Study Group: The End of Gold Standard

Monday, June 8, 2009

Wikipedia seems to have comprehensive overviews of the end of the Bretton Woods system and Nixon's 1971 decision to delink the dollar from gold, humorously dubbed 'The Nixon Shock.'

"The Late Bretton Woods System"
http://en.wikipedia.org/wiki/Bretton_Woods_system#Late_Bretton_Woods_System

"The Nixon Shock"
http://en.wikipedia.org/wiki/Nixon_Shock

Articles on Financial Crisis

Guides, Primers, and Videos Beginners Guides to the Financial Crisis The Big Takeover, Matt Taibi From the Transnational Institute & Institute for Policy Studies page Casino Crash

Primer on Wall Street Meltdown: One of our most popular posts by TNI fellow Walden Bello who in a simple Q and A format explains the real causes of the crisis.
A good introductory piece by Chandra Muzaffar. which perhaps best sums up the raison d’etre of this website. It explains how “casino capitalism” caused the crisis, and the need for social movements to push for an alternative vision that tackles the underlying structural causes of the crisis.
International Labour Organisation 2008 Report: Income Inequalities in the Age of Financial Globalization. (PDF)
“Everything you wanted to know about the biggest economic meltdown since the Great Depression but were afraid to ask.” A good introduction on Indypendent to the intricacies of the sub-prime debacle.
Sub-prime mortgage crisis by Bird and Fortune (video): Sometimes a satirical take on the crisis is a better explanation than any text

Political and Economic Analysis of the financial crisis, bailout, and recession

Naomi Klien "Wall Street's Bailout is a Trillion-Dollar Crime Scene -- Why Aren't the Dems Doing Something About It?" 16 Nov 08. The Nation
No Bottom in Site: a Conversation with Doug Henwood 21 Jan 2009. Min
Joseph Stiglitz How to Rescue the Bank Bailout 26 Jan 09. Analysis of the failures of the bank bailout and proposal to nationalize troubled US banks
Naomi Klein All of Them Must Go 4 Feb 09. Outline of revolts across the world in response to the financial crisis.

Anticapitalist perspectives on the crisis

Anarchist Analysis of the Financial Crisis Detailed slideshow and talk from Worker Solidarity Movement's Paul Bowman. Expalains the causes of the crisis, the role of US-lead wars, and concludes with a look at what opportunities have been created for anarchists by this sequence of events.
Do You Remember the End of History? Turbulence Magazine, Dec 2008.
Speculating on the Crisis Free Association Jan 2009
An Interview with Werner Bonefield on the Economic Crisis
Notes on the Last Few Months Hillel Ticktin, Critique Magazine
Why the U.S. Stimulus Package is Bound to Fail David Harvey, February 2009. Analysis of the shortfalls of the Obama stimulus package considering the the dynamics of global capitalism and political constraints on 'Keynesian' economics in the U.S.
What Does the Economic Crisis Mean for the Climate Change Movement UK Indymedia, February 2009.

Reports on the Crisis

Living With Crisis, February 2009. Account of the financial effects of the financial crisis in California.

Economic Crisis, Philly Study Group