Tag Archives for borrowing

Who owns the US federal debt?

Massive increases in inequality are transforming the politics of public debt During the current financial crisis, government debt levels across the advanced capitalist world have soared. In the United States, the portion of the federal debt ‘held by the public’ has more than doubled from 36 per cent of GDP in 2007 to 73 per cent in 2012. This explosive … Continue reading

23 January 2014 by
Categories: Debt, SPERI Comment, USA | Tags: , , | Leave a comment

‘Civic Capitalism’: sustainable development through investment

Colin Hay and Tony Payne

We need to move from private debt to public investment as the means to stimulate demand and to link deficit reduction to the promotion of growth A most urgent task for any incoming British government is to fix what is typically called the growth model.  Since the early 1990s Britain experimented with a new kind of growth model – which … Continue reading

16 January 2014 by
Categories: British growth crisis, Civic Capitalism, SPERI Comment | Tags: , , , , , , , , , | Leave a comment