Instead, we need to burn the entire system of financial regulation to the ground and replace it with something that supports investing the way it’s done today.
The lessons Paulo Freire learnt nearly 90 years ago and the theories he developed from painful personal experience still resonate across Africa’s schooling systems today.
Malcolm Turnbull is facing many of the same obstacles as James Scullin but in a less extreme form.
AAP/Lukas Coch
James Scullin’s prime ministership was ultimately cut short because, in the face of a great economic crisis, he did not appear to have a coherent plan.
Posters advertise the dramatization of Sinclair Lewis’ ‘It Can’t Happen Here.’
Wikimedia Commons
Sinclair Lewis’ 1935 novel ‘It Can’t Happen Here,’ which described the rise of an American dictator, was turned into a play seen by over 500,000 people.
Falling homeownership rates, stagnant wages and diminishing retirement savings mean that for more and more Americans, the middle-class dream is slowly dying – if it’s not already gone.
In order to support his young family, William Faulkner took a job shoveling coal at a power plant on Ole Miss’s campus.
Mussklprozz/Wikimedia Commons
Slated to be demolished this year, a crumbling brick building on Ole Miss’ campus once operated as a power plant where novelist William Faulkner shoveled coal – and feverishly wrote.
It was a red day on Wall Street Monday.
Market graph via www.shutterstock.com
Perhaps the world’s most famous index dropped 1,000 points in a matter of minutes Monday as part of an ongoing global stocks sell-off. What does that mean for you and me?
Art as labor.
Courtesy of the Fine Arts Collection, U.S. General Services Administration; WPA, Federal Art Project, 1935-1943
Why do we need the humanities? A scholar of arts revisits a moment in the 1930s to emphasize the importance of creative work and its value in our education.
A detail from the north wall of Diego Rivera’s Detroit Industry.
Diego Rivera, 1932. Detroit Institute of Arts
A new exhibit at the Detroit Institute of Arts highlights a controversial mural commissioned during a period fraught with social unrest.
Former US Poet Laureate Philip Levine (1928-2015) was down to earth and humble. But he spared no rage towards those he deemed selfish and narcissistic.
Brooklyn Book Festival/Flickr
Kate Daniels, the director of Vanderbilt’s creative writing program, recalls the life and work of her mentor, a man “devoted…to creating gritty and empathetic portraits of American blue collar workers.”
A paradoxical situation seems to confront today’s political scene and the choices it generates. On the one hand, the market and its particular logic have come to dominate more and more human affairs. Even…
The recent death of Shirley Temple at the age of 85 appears to buck the trend for the tragic child star. In marked contrast to the likes of Judy Garland and Michael Jackson, Temple made the transition…
Australia’s economy was relatively unscathed by the global financial crisis, according to data from the latest Melbourne Institute HILDA survey.
AAP
In September 2008 the sudden collapse of the investment banking sector in the US would propel much of the world - especially Western economies - into the worst economic recession since the Great Depression…
During the Great Depression, policymakers had an irrational - and detrimental - attachment to the gold standard. Should we be worried about the similar fervour for a strong euro?
BullionVault
Are the tragedies of the 1920s repeating themselves in the twenty-first century? In the 1920s, an irrational attachment to the gold standard helped cause the Great Depression, as European fears of inflation…
Amid an ongoing economic crisis, American exceptionalism faces the ultimate test.
Flickr
Herbert Hoover was wrong about America. During a press conference in February 1931 - amid the depths of the Great Depression - he famously warned that the American values of “rugged individualism” risked…