Capitalism
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Yanis Varoufakis, “First as History, Then as Farce: The Euro Crisis Revisited”
When the Crash of 2008 hit Wall Street, European capitalism was thrown into disarray. With the demise of the export-absorbing monster that was the US consumer market, what in 2003 Joseph Halevi and I called ‘The Global Minotaur, Europe not only lost a critical source of aggregate demand but also discovered that its own banks… Continue reading
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Their multiple crisis and our solutions: an ecosocialist transitional programme : Socialist Resistance: Fourth International in Britain
Britain has experienced the deepest crisis among the advanced capitalist countries and it is far from over. The recovery in services and manufacturing has slowed; there are jobs cuts in construction. With the slowdown in the US and Europe, the export miracle hoped for by the Con-Dems is also not happening. In summer 2010 Britain… Continue reading
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Joseph Halevi, "Beijing's Europe"
The widening of the conflict over exchange rates means that major capitalist countries are now trying to ‘solve’ the crisis by grabbing slices of each other’s markets through exports. For the US, though, the official issue is how to reduce the dependence upon the external deficit given that the crisis has highlighted the damage done… Continue reading
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The Neoliberal Experiment and Europe’s anti-Austerity Strikes: Governments must Lower Wages or Suffer Financial Blackmail By Michael Hudson
Most of the press has described Wednesday’s European-wide labor demonstrations and strikes across in terms of the familiar exercise by transport workers irritating travelers with work slowdowns, and large throngs letting off steam by setting fires. But the story goes much deeper than merely a reaction against unemployment and economic recession conditions. At issue are… Continue reading
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“Manufacturing Dissent”: the Anti-globalization Movement is Funded by the Corporate Elites By Michel Chossudovsky
Under contemporary capitalism, the illusion of democracy must prevail. It is in the interest of the corporate elites to accept dissent and protest as a feature of the system inasmuch as they do not threaten the established social order. The purpose is not to repress dissent, but, on the contrary, to shape and mould the… Continue reading
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Your Bank’s Crimes Crashed the Economy
In this scene from Danny Schechter’s investigative documentary ‘PLUNDER: THE CRIME OF OUR TIME’, fraud and collusion between mortgage companies, banks, and Wall Street firms is exposed. BandedArtists Continue reading
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Doug Henwood: Austerity in the face of weakness Pt.3 – Wages and the Crisis
28 August, 2010 — The Real News Network Henwood: Aside from a period of four or five years in the late 1990s, real wages have been either flat or down for most of the last 3, 3.5 decades. That’s not good http://widgets.vodpod.com/w/video_embed/Video.4326056 WAGES AND THE CRISIS, posted with vodpod Bio Doug Henwood is the founder… Continue reading
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Bernanke’s “Nuclear Option”: “Monetary Shock and Awe”: The Fed Prepared to Launch Most Radical Intervention in History By Mike Whitney
This week, the markets were blindsided by two days of dismal housing news, grim durable goods orders, a slowdown in manufacturing, and modest gains in employment. 4 years later, and housing is still mired in a depression. When does it end? Households and consumers are buried under a mountain of debt; personal bankruptcies, delinquencies, defaults… Continue reading
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Doug Henwood: Austerity in the face of weakness Pt.2
27 August, 2010 — The Real News Network The Limits of Stimulus http://widgets.vodpod.com/w/video_embed/Video.4319079 THE LIMITS OF STIMULUS, posted with vodpod Part One Bio Doug Henwood is the founder and editor of the Left Business Review; a contributing editor to the U.S. weekly The Nation; and author of several books, including Wall Street and After the… Continue reading
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CHINA AND THE "END OF THE END OF HISTORY"
Well, I guess it’s not exaggerating to say that global capitalism right now is in a structural crisis. And, of course, in some previous historical periods, we know that capitalism has similar structural crises and that later managed to survive. So the question is whether we are going to see a similar restructuring of global… Continue reading
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CHINA AND THE “END OF THE END OF HISTORY”
Well, I guess it’s not exaggerating to say that global capitalism right now is in a structural crisis. And, of course, in some previous historical periods, we know that capitalism has similar structural crises and that later managed to survive. So the question is whether we are going to see a similar restructuring of global… Continue reading
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Keiser Report #65: Markets! Finance! Scandal!
Max Keiser and co-host Stacy Herbert look at the latest scandals of box office manipulation in China, $9 billion missing in Iraq and contango in commodities. In the second half of the show, Max talks to Internet sensation George Hemminger about his experience with financial collapse in America. Continue reading
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PLUNDER: THE CRIME OF OUR TIME By Danny Schechter
Video: Danny Schechter on the financial crisis and Wall Street as a crime narrative Continue reading
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Gerald Celente: Wall Street Boys run the show, only Ron Paul has firm grasp
U.S. President Barack Obama has signed into law the biggest financial overhaul since the Great Depression. The main goal is to prevent another economic crisis. Meanwhile, Gerald Celente, the director of the Trends Research Institute, argued that the banks and Wall Street approve of this bill because it is a white wash. “It does nothing… Continue reading
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Keiser Report 62: Markets! Finance! Scandal!
This week Max Keiser and co-host, Stacy Herbert look at the latest scandals with stolen credits and the debt in Europe. In the second half of the show, Max talks to his guest Gregor MacDonald about the role of energy in US economy. Continue reading
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Waltzing at the Doomsday Ball: Capitalism is dead, but we still dance with the corpse By Joe Bageant
As an Anglo European white guy from a very long line of white guys, I want to thank all the brown, black, yellow and red people for a marvelous three-century joy ride. During the past 300 years of the industrial age, as Europeans, and later as Americans, we have managed to consume infinitely more than… Continue reading
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William Blum: Anti-Empire Report, Number 83 – Some thoughts on 'patriotism' written on July 4
I was once asked after a talk: ‘Do you love America?’ I answered: ‘No’. After pausing for a few seconds to let that sink in amidst several nervous giggles in the audience, I continued with: ‘I don’t love any country. I’m a citizen of the world. I love certain principles, like human rights, civil liberties,… Continue reading
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G-20 COMMITS ITSELF TO MORE “NEOLIBERALISM” By Leo Panitch
Leo Panitch: Free movement of capital and strengthening power of global elites G-20 objective Continue reading
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Today’s Must-See Animated Capitalist Takedown from RSA and David Harvey By Max Abelson
If you watch just one funny and handsome Marxist critique of the financial crisis, make it the Royal Society for the Encouragement of Arts, Manufactures and Commerce’s animated version of David Harvey’s RSA speech “Crises of Capitalism.” It’s been making the rounds this afternoon, and for good reason: Mr. Harvey, a Marxist scholar who heads… Continue reading
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Starving Healthcare A Forum on Health, Poverty and Privatization
Starving Healthcare A Forum on Health, Poverty and Privatization Continue reading
The New Dark Age 