The Debtor’s War: A Modern Greek Tragedy By Andrew Gavin Marshall

7 November 2013 — Andrew Gavin Marshall

Early on Thursday, 7 November 2013, Greek riot police stormed the offices of Greece’s main public broadcaster, which had been under a five-month occupation by workers who opposed the government’s decision to shut down the broadcaster, firing thousands and destroying a major cultural institution. The broadcast seems to have come to an end.

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Global financial system may be heading for another 2008 By Nick Beams

2 November 2013 — WSWS

This week’s decision by the US Federal Reserve to continue its $85 billion per month cash handout to the banks and finance houses, in the form of purchases of treasury bonds and mortgage-backed securities, and the likelihood that the policy will continue well into the new year, can only heighten concerns that the global financial system is heading for another crash, possibly on a scale bigger than 2008.

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Global wealth inequality: top 1% own 41%; top 10% own 86%; bottom half own just 1% By Michael Roberts

10 October 2013 — Michael Roberts’ Blog

A Brave New Transatlantic Partnership: The Social and Environmental Consequences of the Proposed EU-US Trade Deal

14 October 2013 —

As the second round of negotiations on the EU-US trade agreement kick off in Brussels next week, a new report published by members of the Seattle to Brussels Network (S2B), including CEO, reveals the true human and environmental costs of the proposed deal.

Irreconcilable Differences: Capitalism and a Sustainable Planet By Gary Olson / October 14th, 2013

14 October 2013 — Dissident Voice

People who own the world outright for profit will have to be stopped; by influence, by power, by us. — Wendell Berry1

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‘Globesity’: US junk food industry tips global scales

7 September 2013 — RT

From Mexico to Qatar, obesity rates are soaring to unprecedented levels. The alarming trend is damaging economic performance, as well as the health of millions of consumers worldwide.

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Video: The Impact of Robots: Abundance and the Need for Radical Structural Reform

1 September 2013 — Solidarity Economy

Marx anticipated the problem as capitalism’s systemic crisis, the growth in the ‘organic composition of capital’ (machines) in an inverse relation to ‘living labor’ (jobs). The way out, in the shorter run, is a social wage combined with shorter hours, and in the longer run, socialism on the path to a classless society. McAfee here sees the problem, if not the full solution. – Carl Davidson

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Fracking and the Shale Gas “Revolution” By Igor Alexeev

14 August 2013 — Route Magazine and Global Research

Many US shale companies that have been beating the drums of shale “revolution” are now facing oil and gas well depletion. In February 2013 the US Energy Information Administration (EIA) warned that “diminishing returns to scale and the depletion of high productivity sweet spots are expected to eventually slow the rate of growth in tight oil production”. It was a cautious but intriguing statement.

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The European Union and Greece: the Murder of a Nation By Anna FILIMONOVA

10 August 2013 — Strategic Culture Foundation

At the end of July, eurozone deputy finance ministers approved another transfer of money to Greece to the tune of EUR 6.8 billion (it had previously been thought that Athens would be allocated EUR 8.1 billion). Several days earlier, meanwhile, the Greek parliament approved the latest in a series of legislative acts, the adoption of which had been a condition of receiving money from international creditors – the International Monetary Fund, the European Commission and the European Central Bank. Continue reading this...

Your medical data – on sale for a pound By Phil Booth

9 August 2013 — OurNHS

The government’s announcement today that private companies are to be given access to patient data for the princely sum of £1, is just the latest attack on the principles of patient confidentiality in the interests of commerce.

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The Challenge of Sustainable Development and the Culture of Substantive Equality By István Mészáros

December 2001 — Monthly Review

István MészÁros is author of Socialism or Barbarism: From the “American Century” to the Crossroads (Monthly Review Press, 2001), and Beyond Capital: Toward a Theory of Transition (Monthly Review Press, 1995).

This article is based on a lecture delivered at the Latin American Parliaments’ “Summit on the Social Debt and Latin American Integration,” held in Caracas, Venezuela, July 10-13, 2001.

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China – Avoid the West’s Debt Overhead: A Land Tax is needed to hold down Housing Prices By Michael Hudson

22 July, 2013 — 

How can China avoid the “Western financial disease” – a real estate bubble followed by defaults and foreclosures? The U.S. and European economies originally sought to avoid this fate by taxing the location’s site value. A rent tax was the focus of Progressive Era reforms.

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Video: Portugal’s Architect of Austerity Resigns After Nationwide Protests

4 July 2013 — The Real News Network

President Silva’s austerity policies made Portugal a darling of the troika, but highly unpopular at home (inc. transcript)

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Workers in Britain suffer the greatest fall in wages since the 1930s By Robert Stevens

20 June 2013 — WSWS

The UK is experiencing the deepest and most protracted economic downturn in a century. The decline in wages is even greater than that resulting from the Great Depression of the 1930s.

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