Thomas H. Greco's blog

In a recent Washington Post article titled Europe's Ominous Reckoning, economist Robert Samuelson argued that "Ireland's economic crisis is ... not about Ireland." What he seems to not recognize is that "Europe's ominous reckoning" is not about Europe. (more)

The tidal wave of globalization smashes all but the biggest boats. Local communities can regain control over their own welfare by encouraging human solidarity and private, voluntary initiative and creativity. The first step is to organize regional mutual credit clearing associations. (more)

Is the present financial crisis due to a system out of control and failing, or to a system that is being demolished to further enhance the power and wealth of a few? (more)