Proposals for alternatives to finance-driven capitalism

April 2009
Renewal (0968252X);2009, Vol. 17 Issue 2, p47
Academic Journal
The article presents proposals for an alternative economic policy that will address the financial crisis and the recession in Europe. It tackles the four levels that must be identified in forming a framework of democratically controlled economic and social development, involving the financial market reform, revision of the rules for European banking system and capital markets, and the roots of the crisis. Also cited are suggestions to reform the governance in transnational corporations (TNCs), including financialization, ensuring that political representatives serve the people's needs, boosting employee representation, and upholding consumers' information and rights. Ways to achieve full employment, social inclusion, and security are also given.


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