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Articles on 2007-08 financial crisis

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Another U.S. bank bit the dust. AaronP/Bauer-Griffin/GC Images via Getty Images

Recent banking crises are rooted in a system that rewards excessive risk-taking – as First Republic’s failure shows

The cause of banking crises since the debacle in the 1980s remains unchanged. Incentives encourage executives to take excessive risks, with few consequences if bets turn bad. It’s happening again.
People wearing face masks walk in front of a euro sign in the center of Frankfurt am Main, Germany (October 21, 2020). Yann Schreiber/AFP

Capitalism and the coronavirus crisis: the coming transformation(s)

The global economy is currently experiencing its severest contraction since the 1930s. While capitalism will survive, its fundamental structure can change at critical historical junctures.
A universal basic income and a job guarantee are critical ways to help us weather the economic storm of the coronavirus pandemic. (Shutterstock)

Job guarantees, basic income can save us from COVID-19 depression

A universal basic income could provide financially precarious people with the money they need. And it would keep money flowing through the financial system.

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