Inflation, Debt and the Threat of Recession

Eric Byl is a member of ISA’s International Executive. The Latest Phase of the Global Crisis Even before the outbreak of the Omicron variant, euphoric expectations of a strong post-pandemic recovery based on the release of pent-up consumer spending and corporate investments, gave way to major worries. In many countries, consumers are confronted with the […]

Continue Reading

Where is the Recovery Going?

Eric Byl is a member of ISA’s International Executive. The spectre of inflation is threatening a new crisis There is much to say about the so-called “post-pandemic” economic rebound. The figures look impressive, but warnings are manifold. New heights in inequality between rich and poor are pouring petrol on existing social tensions, and producing new […]

Continue Reading

No Vaccine Against Economic Depression

Eric Byl is a member of ISA’s International Executive. “Let us not, however, flatter ourselves overmuch on account of our human victories over nature. For each such victory nature takes its revenge on us.” F. Engel 1883 — Dialectics of Nature Many will have felt relieved at the successful development of a first generation of […]

Continue Reading