The eurozone crisis started in Greece in 2009-10, spread into Ireland and Portugal, and, from there, quickly spread to the larger economies of Spain and Italy. By the autumn of 2011, it threatened the entire global financial system. In Europe's Crisis, Europe's Future, an international group of...

The collapse of the American financial system following the sub-prime bubble and the ensuing global financial crisis have shown the fallacy of market fundamentalism. There is a now an urgent need to return to a more balanced view: modern capitalist economies are resilient precisely because they...