OPPapers.com Essay Index >> Miscellaneous >> Socialism Today
We have many free term papers and essays on Socialism Today. We also have a wide variety of research papers and book reports available to you for free. You can browse our collection of term papers or use our search engine.
Socialism Today. ... The collapse on Wall Street which started last year was absolutely
inevitable, and was predicted in the pages of Socialism Today. ...
... After World War Ia complete collapse of socialism occurred. Today the US
still practices a small amount of socialism. Government ...
... But the success of socialism is not inevitable; it can only be guaranteed in
advance by the extent to which we being preparing for it today. ...
... Socialism movement today find it self disorientated and uncertain about its future.
During the last century and after a lot of transformation ...
... The Philosophy of Che Guevara While socialism today often appears as a watered down
version of capitalism, Guevara's concept of socialism was a lot more radical ...
Submitted by pri86 on January 22, 2008
Category: Miscellaneous
Words: 3187 | Pages: 13
Views: 135
Popularity Rank: 84,911
Average Member Grade: N/A (Add a Comment / Grade this Paper)
Socialism Today The monthly journal of the Socialist Party
Home
Issue 55
About Us
Back Issues
Reviews
Links
Contact Us
Subscribe
Search
When bubbles burst
Biggest-ever Keynesian programme
Political paralysis
It hurts when bubbles burst
With the US economy now clearly in a downspin, parallels are being drawn with the situation ten years ago when Japan's stock market 'bubble' collapsed, plunging the economy into a prolonged period of stagnation. LAURENCE COATES looks at the Japanese experience.
This article first appeared in Offensiv, the weekly paper of Rättvisepartiet Socialisterna (Socialist Justice Party), the Swedish section of the Committee for a Workers' International.
AT THIS YEAR'S World Economic Forum in Davos, Japan's prime minister Yoshiro Mori revealed that the so-called 'lost decade' of the 1990s had cost the Japanese people 1000 trillion yen ($8,000bn), an amount equivalent to twice the country's gross domestic product (GDP). At the same meeting, Goldman Sachs economist Kenneth Courtis summed up the mood of world capitalism: 'The only way you can be optimistic about Japan is to look at the charts upside down'.
The collapse of Japan's asset bubble delivered a knock-out punch from which the economy has not recovered. Now the country is heading for an even worse downturn.
The Tokyo stock market's Nikkei 225 index has plummeted 35% in the ten months (up to February) since Mori took the helm, wiping out $884bn in share values - about four times Sweden's GDP. Stock markets plunged around the world last year, especially in Asia, taking their cue from the NASDAQ. In Japan, given the web of cross-shareholdings which link banks to huge business clusters called keiretsu, the Nikkei's slide is causing panic. It could drag bank balance sheets into the red, by the time...
You must Login to view the entire paper.
If you are not a member yet, Sign Up for free!