Naked Capitalism is contributed to by several different authors, all of whom have credentials writing and studying economics. Naked Capitalism began in 2006 as a response to what the founders thought was the “obvious underreporting in the US of the severity and extent of the underpricing of risk in all credit instruments”. It is critical of both the policies it sees as beginning in the 1970s under Reagan and Thatcher, which led to the 2008 Financial Crisis, and the response which has come afterwards.
Naked Capitalism sees its goal as fighting the entrenchment of a status quo that helped to fuel a recession which “reduce[d] the bargaining power and pay of ordinary workers” and was “detrimental to most citizens”. This blog is essential reading for anybody who wants to understand the Financial Crisis, as well as what came afterwards.
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