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Clicking on the title of an item takes you to the bibliographic reference for the resource, which will typically also contain an abstract, a link to the full text if it is available online, and links to related topics in the subject index. Particularly recommended items have a red Connexions logo beside the title.

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  1. Banks Are "Where the Money Is" In The Drug War
    Big Lenders Face Few Hard Consequences for Violating Anti-Money Laundering Laws
    Resource Type: Article
    First Published: 2012
    Man of the largest banks in the world have been accused of failing to comply with anti-money laundering laws — thereby enabling, collectively, hundreds of billions of dollars worth of suspicious transactions to move through the banking system absent adequate monitoring or oversight.
  2. Behind the Money Curtain: A Left Take on Taxes, Spending and Modern Monetary Theory 
    Resource Type: Article
    First Published: 2018
    Taxes do not fund government spending.That's a core insight of Modern Monetary Theory (MMT) whose radical implications have not been understood very well by the left. Indeed, it's not well understood at all, and most people who have heard or read it somewhere breeze right past it, and fall back to the taxes-for-spending paradigm that is the sticky common wisdom of the left and right.
  3. Beyond Banksters
    Resisting the New Feudalism
    Resource Type: Book
    First Published: 2016
    Beyond Banksters explores how the powers of the Bank of Canada were appropriated in the 1970s, resulting in billions of dollars in public debt. From Milton Friedman to Justin Trudeau's Canada Infrastructure Bank, from BlackRock to crappy trade deals to Bilderberg, Nelson exposes the major players privatizing the world and creating a new state of feudalism. Icelanders resisted. Nelson says Canada must too.
  4. Bubbles Always Burst: the Education of an Economist 
    Resource Type: Article
    First Published: 2015
    Spouting ostensible free market ideology, the pro-creditor mainstream rejects what the classical economic reformers actually wrote. One is left to choose between central planning by a public bureaucracy, or even more centralized planning by Wall Street’s financial bureaucracy. The middle ground of a mixed public/private economy has been all but forgotten, denounced as "socialism." Yet every successful economy in history has been a mixed economy.
  5. Church Presentation to the Annual Meetings of Three Canadian Banks
    Re: Loans to South Africa
    Resource Type: Article
    First Published: 1976
    A statement questioning the morality of loaning money to a racist South African government.
  6. Connexions Digest
    Issue 54 - February 1992- A Social Change Sourcebook
    Resource Type: Serial Publication (Periodical)
    First Published: 1992
  7. 'A Conspiracy Of Silence' - HSBC, The Guardian And The Defrauded British Public
    Resource Type: Article
    First Published: 2015
    Journalist Nafeez Ahmed has delved deeper into the HSBC scandal, reporting the testimony of a whistleblower that reveals a 'conspiracy of silence' encompassing the media, regulators and law-enforcement agencies.
  8. 'A Conspiracy Of Silence' -- HSBC, The Guardian and the Defrauded British Public
    Resource Type: Article
    First Published: 2015
    An investigator and anonymous whistleblower talk about the suspicious lack of coverage and attention to the HSBC tax evasion scandal. This article talks about the scandal itself and criticizes the British liberal media.
  9. Corporate Power and Canadian Capitalism
    Resource Type: Book
    First Published: 1986
    Carroll looks at the accumulation of capital in Canada since the Second World War. Most of the book is devoted to tracing actual patterns of corporate ownership and intercorporate relationships.
  10. The Corporations and the State
    Essays in the Theory of Capitalism and Imperialism
    Resource Type: Book
    First Published: 1974
    Essays discussing modern U.S. capitalism and imperialism. Each chapter tries to delineate the relationship between 'economic' and 'political' processes, or at least recognize the unity between them. The unifying them is the role of the large corporations in U.S. society and the world eonomy, and the relationship between these corporations and the capitalist state.
  11. Deutsche Bank Pays $2.5 Billion Fine For Interest Rate Rigging
    Resource Type: Article
    First Published: 2015
    Deutsche Bank has agreed to pay out $2.5 billion fine to settle U.K. and U.S. government investigations into allegations of fixing global interest rates, months after 6 other banks paid out $4.3 billion on similar charges. Activists say that the banks should have faced criminal charges.
  12. Devastating Crisis Unfolds
    Against The Current vol. 132
    Resource Type: Article
    First Published: 2008
    Bob Brenner, for the ATC editors. The current crisis could well turn out to be the most devastating since the Great Depression. It manifests profound, unresolved problems in the real economy that have been — literally — papered over by debt for decades, as well as a shorter term financial crunch of a depth unseen since World War II. The combination of the weakness of underlying capital accumulation and the meltdown of the banking system is what’s made the downward slide so intractable for policymakers and its potential for disaster so serious. The plague of foreclosures and abandoned homes — often broken into and stripped clean of everything, including copper wiring — stalks Detroit in particular, and other Midwest cities.
  13. EuroZone Profiteers: How German and French Banks Helped Bankrupt Greece
    Resource Type: Article
    First Published: 2015
    We should be clear: almost none of the huge amount of money loaned to Greece has actually gone there, says Joseph Stiglitz, former chief economist of the World Bank and a Nobel Prize winner in economics. It has gone to pay out private-sector creditors – including German and French banks.
  14. The Fight for Canada 
    Four Centuries of Resistance to American Expansionism
    Resource Type: Book
    First Published: 1993
    In an effort to realize their grand dream of one nation from Panama to the Arctic, Americans have attempted to conquer Canada using war, trade sanctions, and political interventions of all kinds. "That fight for Canada continues to this day," says David Orchard.
  15. The Foreclosure-to-Rental Screwjob
    Bernanke's Double-Whammy
    Resource Type: Article
    First Published: 2011
    The US government is preparing to bail out the banks once again.
  16. The Great Ponzi Scheme of the Global Economy
    Resource Type: Article
    First Published: 2016
    Chris Hedges has a discussion with the economist Michael Hudson (author of Killing the Host: How Financial Parasites and Debt Destroy the Global Economy) on a great Ponzi scheme that not only defines not only the U.S. but the global economy, how we got there and where we’re going.
  17. Greek Debt and the New Financial Imperialism
    Resource Type: Article
    First Published: 2016
    Describes how the Greek goverment is forced to extract income and wealth from its workers and small businesses resulting in a new form of financial imperialism that smaller states and economies, planning to join larger free trade zones and 'currency unions' should avoid at all cost.
  18. The Growth Illusion
    How economic growth has enriched the few, impoverished the many and endangered the planet
    Resource Type: Book
    First Published: 1992   Published: 1999
    Douthwaite argues that strategies used by governments to raise national income often increase poverty and unemployment. Moreover, in the USA, Britiain, Germany and Australia, each increase in national income consumes more resources than it creates on a sustainable basis. In other words, these economies are running backwards and making their citizens worse off.
  19. Hang Onto Your Wallets: Negative Interest, the War on Cash and the $10 Trillion Bail-in
    Resource Type: Article
    First Published: 2015
    If you’re an ordinary saver with your money in the bank, you may soon be paying the bank to hold your funds rather than the reverse.
  20. Iceland Jail Top Bankers For 46 Years, Europe 'Outraged'
    Resource Type: Article
    First Published: 2016
    Iceland has differed from the rest of Europe and the US by allowing bankers to be prosecuted as criminals, rather than treating them as a protected species.
  21. A Marxist History of the World part 105: The 2008 Crash: from bubble to black hole
    Resource Type: Article
    First Published: 2012
    The financial crisis represents the end of an era in which greed and casino-madness had been given free rein by market deregulation and rising debt.
  22. Open Veins of Latin America 
    Five Centuries of the Pillage of a Continent
    Resource Type: Book
    First Published: 1971   Published: 1973
    A political economy, a social and cultural narrative, and a powerful description of primitive capital accumulation.
  23. Other Voices: The Connexions Newsletter - June 18, 2015
    Corruption
    Resource Type: Serial Publication (Periodical)
    First Published: 2015
    Corruption - or at least some types of corruption - are much in the news, with the ongoing scandals in the Canadian Senate and the recent U.S. targeting of the Swiss-based football federation FIFA for alleged bribery. In this issue, we look at these and other forms of corruption. Diana Johnstone writes about the double standards displayed by U.S. institutions, which happily target enemies and rivals, while ignoring the much greater corruption that underlies the power structures in Washington. We feature an article detailing how much money U.S. Senators received from corporations prior to their vote on the TPP negotiations, as well as materials on criminal conduct by some of the world's biggest banks, and an article on the work of investigative journalists in exposing corruption.
  24. Other Voices: The Connexions Newsletter - May 7, 2016
    Tax Evasion
    Resource Type: Serial Publication (Periodical)
    First Published: 2016
    Employing a network of accountants, tax lawyers, corporate shells, tax havens, secret bank accounts, and other methods, the 1% have become extremely adept at evading even the low rates of taxation they are subjected to.
  25. Other Voices: The Connexions Newsletter - March 18, 2017
    Public Transit
    Resource Type: Serial Publication (Periodical)
    First Published: 2017
    Public transit - good affordable public transit - is key to a liveable city. Around the world, there are movements of transit riders fighting for better public transit. A key perspective guiding many of these struggles is the idea that transit should be free, that is, paid for not by fares, but out of general revenues. This is how roads are normally funded: their construction and maintenance are paid for by taxes, rarely by user fees. Free public transit by itself would not be enough, however. We also need good transit, transit that runs frequently and goes where people want to go.
  26. Parasites in the Body Economic: the Disasters of Neoliberalism 
    Resource Type: Article
    First Published: 2015
    Michael Hudson discusses his new book, "Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy."
  27. The People v. the Bankers
    Greece Today, US Tomorrow
    Resource Type: Article
    First Published: 2010
    The Greek "bailout" is actually a bailout of the international banks.
  28. Privatizing Social Security: Who Wins?
    Against The Current vol. 114
    Resource Type: Article
    First Published: 2005
    Over the years, there have been numerous attempts and proposals to privatize the social security system. It was a key Republican platform item in the 2000 election. The idea was subsequently thwarted by the small matter of the stock market bust that wiped out $8 trillion of market value, and caused a 60% drop in the NASDAQ over the first two years of Bush's first term.
  29. Project Chile
    Resource Type: Article
    First Published: 1977
    The pamphlet serves as background material for Project Chile, a national campaign to stop Canadian private investment in Chile and all governmental support for such investment until human rights and democratic institutions are restored.
  30. Saving the Whale, Again
    The catastrophic incompetence of Citigroup
    Resource Type: Article
    First Published: 2015
    Cockburn discusses the financial recklessness of Citigroup bank and the repercussions.
  31. Secrecy for Sale: Inside the Global Offshore Money Maze
    Resource Type: Article
    First Published: 2013
    Big players are taking unprecedented steps to stop offshore abuses, but financial crime fighters worry reforms don’t go far enough.
  32. The Seven Laws of Money
    Resource Type: Book
    First Published: 1974
    A book that tells you how to live with money; how to get it, care for it, forget about it.
  33. Six Banks Pay $5.6 Billion in Fines for Foreign Exchange Manipulation
    Resource Type: Article
    First Published: 2015
    Six major international banks – Bank of America, Barclays, Citibank, JPMorgan Chase, Royal Bank of Scotland (RBS) and Union Bank of Switerland (UBS) – have agreed to pay $5.6 billion in fines for rigging global foreign exchange markets.
  34. The Sub-Prime Market Crisis
    Against The Current vol. 131
    Resource Type: Article
    First Published: 2007
    It wasn't until I flew to the United Kingdom on Saturday, September 15th, that the globalized nature of the sub-prime contagion really hit home, as it were, for me. On my flight over, I grabbed a copy of the UK Telegraph newspaper, the front page of which looked like something shot at a Great Depression bread line.
  35. Taking Back Homes From The Banks: Exercising The Human Right To Housing 
    Resource Type: Article
    First Published: 2010
    Most people recognize that international human rights guarantee all humans a right
    to housing. With the millions of homeless living in our communities and the millions of empty foreclosed houses all across our communities, groups have decided to put them together. Organizations across the US are engaging in 'housing liberation' and 'housing defense' to exercise their human rights to housing.
  36. TPP Trade Pact Would Give Wall Street a Trump Card to Block Regulations
    Resource Type: Article
    First Published: 2015
    Banks and other financial institutions would be able to use provisions in the proposed Trans-Pacific Partnership to block new regulations that cut into their profits, according to the text of the trade pact released this week.
  37. The Trouble With Billionaires 
    Resource Type: Book
    First Published: 2010
    The glittering lives of billionaires may seem to be a harmless source of entertainment, but authors Linda McQuaig and Neil Brooks argue that such financial power not only threatens everyone's economic and social well-being but also upsets the very functioning of democracy. Our society tends to regard great wealth as evidence of exceptional talent or accomplishment. Yet spectacular fortunes are often attributable to luck, ruthlessness, cheating, or advantageous positioning that allow some to build on the work and insights of others who have paved the way.
  38. Wall Street's Role in Narco-Trafficking
    "Business is Booming"
    Resource Type: Article
    First Published: 2011
    Every major bank in the US has served as an active financial partner of the murderous drug cartels.
  39. What is to be done with the banks? Radical proposals for radical changes
    Resource Type: Article
    First Published: 2016
    Nine years after the outbreak of the financial crisis that continues to produce damaging social effects through the austerity policies imposed on victim populations, it's time to take another look at the commitments that were made at that time by bankers, financiers, politicians and regulatory bodies. Those four players have failed fundamentally in the promises they made in the wake of the crisis – to moralise the banking system, separate commercial banks from investment banks, end exorbitant salaries and bonuses, and finally finance the real economy. We didn't believe those promises at the time, and for good reason.
  40. Whose Wipeout? Whose Bailout?
    Against The Current vol. 137
    Resource Type: Article
    First Published: 2008
    Is this what 1931 looks like? Years ago, we recall, two themes for popular cinema were people trapped in burning skyscrapers ("Towering Inferno") and market sharks engaged in financial manipulations ("Wall Street"). After September 11, 2001 the former disaster movie genre suddenly seemed much less fun, and we suspect that after September 2008 the spectacle of stock market crashes on the big screen may not be so entertaining either.
  41. Why Do Banks Really Want Our Deposits?
    Hint: It's Not to Finance Loans
    Resource Type: Article
    First Published: 2014
    Many authorities have said it: banks do not lend their deposits. They create the money they lend on their books.
  42. World Bank: It's the Pits for the Poor
    Against The Current vol. 87
    Resource Type: Article
    First Published: 2000
    In early May, a National Reparations Conference opened by Njongonkulu Ndungane, the radical Archbishop of Cape Town who succeeded Desmond Tutu, resolved to demand that the World Bank and International Monetary Fund compensate South Africa for apartheid loans long ago repaid. What is the line of argument?
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