austerity
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New Ukraine government launches airstrikes, prepares austerity measures By Thomas Gaist
The character of the new Ukrainian government headed by billionaire oligarch Petro Poroshenko has been quickly revealed in the day since presidential elections held over the weekend: violent repression of opposition to the regime, particularly in the east, combined with brutal austerity measures directed at the entire working class. Continue reading
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The new aristocracy in Britain By Jordan Shilton
Remarking on social conditions at the end of the 18th century, Thomas Paine wrote, “The contrast of affluence and wretchedness continually meeting and offending the eye is like dead and living bodies chained together.” More than 200 years later, Paine’s scathing critique of social inequality can be applied even more forcefully to modern day Britain,… Continue reading
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Britain’s richest 1% own as much as poorest 55% of population By Phillip Inman
Britain’s richest 1% have accumulated as much wealth as the poorest 55% of the population put together, according to the latest official analysis of who owns the nation’s £9.5tn of property, pensions and financial assets. In figures that also lay bare the extent of inequality across the north-south divide, the Office for National Statistics said… Continue reading
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Video: Thousands across Europe rally against EU policies
Thousands of activists took to the streets of Germany and Spain on Saturday to protest the EU’s policies as the union prepares for parliamentary elections at the end of May. Continue reading
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Osborne’s flagship employment scheme fails on launch date By Symon Hill
George Osborne’s headline policy at the last Conservative Party conference, known as “Community Work Placements” or “Help to Work” has launched today. However, the scheme is already in jeopardy, having failed to generate the voluntary sector participation it requires. Continue reading
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America’s hungry 21st Century By Andre Damon
Feeding America, the US national network of food banks, released its annual report on local food insecurity Thursday, showing that one in six Americans, including one in five children, did not have enough to eat at some point in 2012. Continue reading
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Video: Anti-Russian sentiment a resource play diversion By Michael Hudson
Hundreds of pro-Russian protesters have seized public buildings in Eastern Ukrainian cities. They’re demanding referendums to secede from Ukraine in order to become a part of Russia. Ukrainian officials have blamed Putin for this continued unrest, but it should be noted that Ukraine is a major transit route for natural gas exports to Europe from… Continue reading
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Video: West Looks to Carve Up Ukraine & Privatize Industries Held by Kleptocrats
Michael Hudson: The financial grab for Ukraine’s industries is simply war by another name, as other Eastern European countries have experienced a similar fate (inc. transcript). Continue reading
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UK benefits claimants victimised and driven into destitution By Barry Mason
The British government has greatly increased the number of sanctions against benefit claimants, resulting in their benefits being “stopped.” Continue reading
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Regime Change in Ukraine and the IMF’s Bitter “Economic Medicine” By Prof Michel Chossudovsky
In the days following the Ukraine coup d’Etat of February 23, leading to the ousting of a duly elected president, Wall Street and the IMF–in liaison with the US Treasury and the European Commission in Brussels– had already set the stage for the outright takeover of Ukraine’s monetary system. The EuroMaidan protests leading up to… Continue reading
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Video: Has Anglo-America Capitalism Run Out of Strategies?
On the 30th anniversary of the UK miners’ strike, George Irvin discusses the rise of inequality in Britain and the US since the 1970s Continue reading
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Nationwide outcry killed a proposal to privatize Madrid’s hospitals. By Ana Martinez
Spanish unions and citizens have won a decisive victory in the battle for public healthcare. Continue reading
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Global Research: The Globalization of Poverty: Inside the New World Order
Michel Chossudovsky takes the reader through an examination of how the World Bank and IMF have been the greatest purveyors of poverty around the world, despite their rhetorical claims to the opposite. These institutions, representing the powerful Western nations and the financial interests that dominate them, spread social apartheid around the world, exploiting both the… Continue reading
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Welcome to Barbarous Britain: Treat your own dementia, Essex patients told By Shibley Rahman
As Essex council closes the only daycare centre for dementia patients in the South of the county, its councillors cause a storm by suggesting a one-day ‘dementia cube’ workshop is a suitable alternative. Continue reading
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UK continues mass experiment in human despair By John Wight
Food banks don’t lie. Their proliferation over the term of the current government confirmation that Britain in 2014 is a nation in which poverty, destitution, and the inevitable despair which follows on from those maladies is worse than at any time since the Second World War. Continue reading
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Starved & evicted: Britain’s poor now treated worse than animals By Tony Gosling
If someone had told me a decade ago that the British government would deliberately starve my fellow countrymen in an attempt to bully them into slave labor jobs that wouldn’t even pay the bills, I would have laughed in their face. Continue reading
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War, “Regime Change” and the Globalization of “Austerity Economics” By Hossein-Zadeh Ismael
While not new, social convulsions seem to have become more numerous in recent years. They have become especially more frequent since the mysterious 9-11 attacks on the World Trade Center in 2001 and the 2008 financial collapse in the United States, which soon led to similar financial implosions and economic crises in Europe and beyond. Continue reading
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Years of government cuts worsen UK flooding By Paul Mitchell
The government has sought to shift blame for the weeks of misery and chaos caused by the floods onto the EA. Accusations by Floods Minister Eric Pickles that the agency was driven by political correctness, gave bad advice to government, and attempted to divide town and country over funding matters have been met with almost… Continue reading
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UK “bedroom tax” leads to record requests for emergency assistance By Mark Blackwood and Paul Mitchell
More than 200,000 people requested emergency assistance from local councils in the six months after the bedroom tax and other cuts to benefits were introduced in April of last year. Continue reading
The New Dark Age 