Part I The pattern of trade for the Weimar Republic, before the Great Economic Depression, was comparable with that of the Second German Reich (1871-1918) before 1914. However, from 1930 the real crisis of the German external trade was one of the outcomes of the Great Economic Depression. In contrast […]
The article deals with the Great Economic Depression of 1929-1933 and its negative consequences on the economy of the German Weimar Republic. The aim of the article is to present the main causes and consequences of the global economic and financial crises known as the Great Economic Depression and to […]
At the moment, we find ourselves in the middle of a turbulent phase of the global evolutionary cycle which commenced in the 1980s and is projected to end by the middle of the XXI century. In the process, the US is clearly loosing its hyperpower status… Estimates offered by experts […]
Standard and Poor’s is warning that a credit rating downgrade might loom on the horizon for the EU as a whole, which is predictable news considering that 15 Eurozone countries have already ended up on the agency’s review list. The current round of hammering Europe is taking from the US […]
The Libyan rebels’ August 23 attack on the Venezuelan embassy and compound in Tripoli went largely unreported, though fatalities were narrowly averted as Venezuelan ambassador Afif Tajeldine and the embassy staff moved to a safer location at the last moment and left Libya shortly thereafter. It transpired in the wake […]
When the Soviet Union collapsed, there was great glee in the “West” especially in America. “We won” they shouted as if their team had won the World Cup. Capitalism, in the struggle against Communism, had carried the day. Khrushchev had the right slogan when he said the Americans, “we will […]
Have you ever heard of tempered glass? When you break it, it crumbles into small chunks. Or imagine a ball lying in a pit: it looks as if perfectly fixed inside the pit but once you touch it slightly, it runs down- nobody can predict where exactly. There is also […]
Alexander Salitski (Russia) The planned December 15 opening of the rouble-yuan trading in Russia is a symbolic and potentially historical event. It reflects tectonic shifts in the world’s economy and politics and accordingly promises a transformation of the global financial architecture. At the moment China’s contribution to the global economy […]
Gregory TINSKY (Russia) Recent protests of British students, which had developed into the mass disturbances, attracted the attention of various commentators, trying to figure out the reasons of what happened and link these events to the political-economic situation in Europe. Events that took place in Great Britain this November have […]
Mikhail Khazin (Russia) The Marshall Plan era had already passed. The US is no longer able to save the world economy. It can be proved by the contemporary system of the division of labor. Meanwhile, it explains why China’s abilities are limited and it is not capable of boosting the […]
Maksim Kalashnikov (Russia) The second global crisis tsunami: the Group of Seven and Greece. When will the national debt bubble burst? The national debts of the rich Western countries are growing rapidly. The IMF has sounded the alarm: they will reach 110% of total GDP by 2014. The forecasts of […]
Michael Dorfman (USA) Part 1 The discreet charm of the elites In the USSR the novel “Nineteen Eighty-Four” by George Orwell was banned for some reason. Soviet authorities shared the opinion of their Western foes that it was an anti-Soviet book. Some time has passed, the Soviet Union exists no […]
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