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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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...

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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