austerity
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Death by neglect: Lawsuit reveals ‘normalization of cruelty’ in UK health system
A UK hospital has apologized and paid a settlement following a lawsuit that revealed years of grave malpractice. The accounts of negligence included letting a patient starve to death and reports of nurses mocking patients. Continue reading
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How Neoliberal Tax and Financial Policy Impoverishes Russia – Needlessly By Michael Hudson
Russian poverty is unnecessary. Like all poverty in today’s high-productivity age, it is the result of bad policy. There is no technological need for it, nor is Russia lacking in a full spectrum of natural resources and economic potential. So future historians no doubt will puzzle over how the nation was convinced to de-industrialize its… Continue reading
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Video: Eurozone Austerity Policies Will Spark New Crisis in 2013
Costas Lapavitsas: There is an impression that the crisis has been handled by ECB but economies are deteriorating quickly Continue reading
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Obama's Second Term: Following Angela Merkel in the Oval Office? By Ingo Schmidt
In order to keep discussions of budget policy out of the campaign, the Republicans and the Democrats agreed on a pact earlier this year, which increased the debt ceiling of the federal government to the point that drastic spending cuts or tax increases could be postponed until after the election. Continue reading
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Video: Portugal General Strike: This is What Austerity Looks Like By grtv
Events in Southern Europe show the political strike to be an indispensable tool for self-defence. What the EU and the International Monetary Fund are demanding of states such as Greece and Portugal has nothing to do with neutral crisis management, but is rather brutal class struggle executed from above. Cutbacks and elimination of government services… Continue reading
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Video: Austerity and Low Wages will Lead to Years of Recession
Engelbert Stockhammer: Europe has shown that cuts in public spending and lowering wages leads to deep stagnation Continue reading
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Money Laundering and Offshore Fraud for the Rich, Economic Austerity for the Poor By Julie Lévesque
Drug cartels, fraud, tax evasion and money laundering are common answers to those questions. Despite this reality and even in this era of fiscal austerity, the question world leaders avoid is: why is secret banking still allowed? Are they capable of putting a term to it but unwilling to do it because of the benefits… Continue reading
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Video: Greek Parliament Approves Contentious Law to Expand Privatization
Dimitri Lascaris: New budget makes it clear Greece will never pay off its debts, real aim of austerity is to break unions and privatize public assets Continue reading
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Video: Most Greeks Look to Left for Solutions, but Far Right Gaining Strength
Costas Lapavitsas Pt.2: Left party Syriza leads polls but conditions for fascism also developing as crisis deepens Continue reading
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Video: Britain's Unions Bring London to a Standstill
100 thousand workers march on the capital as unions warn austerity isn’t working and threaten a general strike for the first time since 1926 Continue reading
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Video: Britain’s Unions Bring London to a Standstill
100 thousand workers march on the capital as unions warn austerity isn’t working and threaten a general strike for the first time since 1926 Continue reading
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Video: Bill Black and Glen Ford on Presidential Debate #2
Is there a significant difference between the candidates on foreign or domestic policy? Continue reading
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Spanish State 25S: The Salvaging of Democracy By Esther Vivas
“They call it democracy but this isn’t one” was the cry repeated in the squares and on the demonstrations. And as time went by, this slogan took on still more meaning. The stigmatization and repression against those who struggle in the street for their rights has only intensified in recent times. The worse the crisis… Continue reading
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The BBC’s Coverage of Southern Europe by Dan Hind
Yesterday’s main news bulletin on BBC 1 somehow managed to miss another large demonstration against austerity in Lisbon, where tens of thousands gathered in the capital’s Praca de Comercio square. The bulletin also didn’t find time for yet more protests in Madrid. Continue reading
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Video: Anti-Austerity Protests and Strikes Rock Spain
Spain’s struggling public sector workers and the unemployed converged on Spain’s capitol to denounce their governments decision to implement deeper spending cuts. Continue reading
The New Dark Age 