The week of September 15, 2008 has been a dramatic and unprecedented period in the world of high finance. The economic crisis is not over despite what some pundits and politicians have claimed. A series of government interventions have changed the map of banking and finance.
So what does it all mean? What will be impact of the Wall Street bankruptcies, bailouts and blunders on working people in this country and worldwide? What’s the solution to the crisis?
Perhaps only time will tell the full extent of the impact. Needless to say, this week’s developments don’t bode well for the future. Here are some thoughts from contributors to the People’s Weekly World and Political Affairs and leaders of the Communist Party on the current economic crisis, the policies that got us to this point and the historical precedents.
We will update this resource list in the days and weeks to come, as the full scope of the crisis is better known.
Week of Sept. 15:
EDITORIAL: Bailout Main Street
Sept. 19, 2008
Economic Meltdown
By Joel Wendland:
Sept. 19, 2008
Wall Street meltdown wallops Main Street
By Phil Cadman
Sept. 19, 2008
Things Fall Apart: Wall Street and the Crisis of US Imperialism
By Joe Sims and Joel Wendland
Sept. 19 2008
From Archives:
Is Freddie Mac really never coming back?
By John Wojcik
Sept. 8, 2008 — People's Weekly World
Got money?
By Marilyn Bechtel
Aug. 15, 2008 — People's Weekly World
Mac the Knife: Cut the Needy to Feed the Greedy
By Joelle Fishman
July 24, 2008 — Political Affairs
Interview with Doug Henwood, Left Business Observer
May 29, 2008 — Political Affairs
It’s Time for a New Deal
By Norman Markowitz
May 29, 2008 — Political Affairs
Financial Crisis and Class Struggle
By Paulo Nakatani and Rémy Herrera
May 28, 2008 — Political Affairs
Foreclosures point to systemic crisis
By Denise Winebrenner Edwards
April 4, 2007 — People's Weekly World
Bailout goes to Wall Street, not Main Street
By John Wojcik
March 20, 2008 — People's Weekly World
Weathering the Storm: the economic recession
Video interview with Sam Webb
March 10, 2008 — Communist Party USA
Unions tackle housing, foreclosure crisis
By John Wojcik
March 9, 2008 — People's Weekly World
Interview with Art Perlo, CP Economics Commission
Feb. 15, 2008 — Political Affairs
To fix economy put working class first
By Teresa Albano
Jan. 24, 2008 — People's Weekly World
Banks bilk homebuyers, Black, Latino families hit hardest
By Tim Wheeler
Jan. 19, 2008 — People's Weekly World
A look behind the housing crisis
By Art Perlo
Aug. 30, 2007 — People's Weekly World
Mortgage crisis stoked by incredible greed
By Susan Webb
Aug. 16, 2007 — People's Weekly World
Corporate thievery, a new political moment
By Sam Webb
July 20, 2002 — People's Weekly World
En Español:
La crisis económica y las viviendas
Por Art Perlo
26 de Julio, 2008 — Nuestro Mundo
