Poetry NewsMar 11, 2023

Ode to Silicon Valley Bank
Your fading echoes make us thank
2008 memories none can deny
How will we avoid a new meltdown cry?
Your future’s uncertain but our faith shall stay
Will we get through this crisis another day?

#siliconvalleybank #2008meltdown #bankingsystem #financialcrisis #ode #poetry

http://us.cnn.com/2023/03/10/investing/svb-banking-crisis-what-next/index.html

M. FiorettiFeb 6, 2023

It was true in the #2008meltdown, and it still is:

"[economic] Recovery is futile if it's led by the #finance sector"

http://theconversation.com/recovery-is-futile-if-its-led-by-the-finance-sector-24147 #degrowth #downshifting #economy #finance #gdp #globalization #growth #stockMarket #uk

Recovery is futile if it's led by the finance sector

The politics of recession and recovery dominate discussions about the British economy. Every new set of figures published or set-piece moment like the budget sparks another debate on whether the UK has…

The Conversation
M. FiorettiJan 30, 2023

Good reading, I dare say:

"Polanyi's Great Transformation and the Countermovement to Capitalism https://jacobinmag.com/2021/04/karl-polanyi-the-great-transformation-neoliberalism-countermovement-capitalism #greatreset #history #Hobsbawm #2008Meltdown

Karl Polanyi’s Great Transformation and the Countermovement to Capitalism

Media pundits hail the economist Karl Polanyi as a brilliant theorist of capitalism and a thinker for our time. In order to understand Polanyi’s ideas, however, we need to see him in the context of his own time: Europe’s

M. FiorettiDec 16, 2022
It's Been 10 Years (no, 14 by now) Since Banks Were Bailed Out and People Were Sold Out https://www.truthdig.com/articles/its-been-10-years-since-banks-were-bailed-out-and-people-were-sold-out/ #2008Meltdown #clinton #finance #deregulation #subprimeCrisis
It's Been 10 Years Since Banks Were Bailed Out and People Were Sold Out - Truthdig

The economic collapse that struck panic into the heart of U.S. political and financial institutions gave birth to a popular movement that continues to this day.

Truthdig