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13.04.2009, 10:17

Gaz Full keeps things simple to meet the downturn

Truckmaker Gaz has unveiled a new truck in its range. Low cost and simple, the company is depending on it for its future.

10.04.2009, 22:58 1 comment

“Bad bank” concept floated to deal with non-performing assets

A key Central Bank figure has raised the idea of a Russian 'toxic asset agency' for bad loans, after the World Bank warned of a "silent tsunami" engulfing the country's financial institutions.

10.04.2009, 18:45

Japan turns to the public purse again as prospect of recession mounts

The Japanese Prime Minister unveiled a new stimulus package on Friday. In an attempt to keep the worlds second largest economy from sliding further into recession, he wants to outlay a further $150 billion.

01.12.2009, 12:39 1 comment

6 months after move, Russia’s casinos find little razzamatazz in the regions

The Russian casino industry, which was moved away from major Russian cities to four remote locations in June this year, is finding life tougher in its new homes.

18.03.2010, 16:18 1 comment

Chinese generator to join with Sintez for Yaroslavl plant

Russian group, Sintez, and Chinese generating giant Huadian have agreed on Wednesday to set up a joint venture to build a new steam-electric plant in Yaroslavl.

30.05.2009, 16:28 8 comments

Opel sold to Russia and Canada

Germany's Opel has been sold – with a joint-Russian-Canadian bid the winner in the race to buy one of Europe's oldest and most well-known carmakers.

01.02.2010, 15:36 5 comments

McDonald’s announces further expansion plans in Russia on 20th birthday

American fast food giant McDonald's plans to open 45 restaurants in Russia in 2010, investing around $3 million in each.

05.06.2009, 07:04 2 comments

Elusive WTO accession goal gets new push

The European Commission says Russia will become a member of the World Trade Organization by the end of this year. But both the United States and Europe warn Moscow must first reverse its slide into protectionism.

18.11.2009, 12:22 3 comments

Wal-Mart resignation throws further light on competitive Russian retail market

The reported resignation of Stephan Fanderl, head the of Moscow office of Wal-Mart, comes just days after French retail chain Carrefour announced it was pulling out of its attempts to break into the Russian retail market

24.03.2009, 11:59 1 comment

When the drive to succeed goes over the edge

A top psychologist who's proved links between inspiration and schizophrenia has warned against putting power in the hands of the most creative. It comes as the G20 prepares safeguards against out-of-control bankers.

Global crisis returns Marx to fashion

Published: 13 April, 2009, 10:09
Edited: 12 November, 2009, 07:50


AFP Photo DDP / Uwe Meinhold  Germany out

The world's leading Marxist scholar has exposed passages by Karl Marx that predict the global financial crash and its outcome. Giorgy Bagaturiya claims the world is now shifting to China’s economic model.

 
1 COMMENT
Bianca November 12, 2009, 04:42 quote
0

It is not true that "his recepies" were a disaster. There was no country that implemented anything Marks advocated, and no country has heeded his warnings. So, he is no different from other economists. However, while many other economists of his era are still quoted, as irrelevant as they are to our times, Marks is still being pushed into dark corners of "no go" zone. Why? Why just not study all the economists, and let the current experts have a say. Most people who talk about Marks have never read anything he wrote, or have read it only with the purpose of trying to twist what he actually said.

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