banks
-
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
-
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
-
Video review of ‘Plunder – the crime of our time’ By William Bowles
The question to ask of Plunder is: without recognizing the fundamental contradictions of capitalism, that regardless of whatever ‘safeguards’ are put in place, or removed for that matter, does Plunder convince viewers that capitalism is a broke-down system that needs to be replaced? Continue reading
-
John Pilger – For Britons, the party game is over
The game of parliamentary politics is over for so many Britons, especially the young. In 2005, a bent system allowed Blair to win with fewer popular votes than the Tories in their electoral catastrophe of 1997. New Labour’s greatest achievement is the lowest turnouts since universal voting began. Today, voters watch Brown give billions of… Continue reading
-
Information Clearing House Newsletter 3 August, 2010: Let Them Eat Wedding Cake
3 August, 2010 — Information Clearing House Pakistan No Obedient Ally By Eric Margolis WikiLeaks data shows how volatile nation is forced to act against own self interests. www.informationclearinghouse.info/article26070.htm The CIA & The ISI: More In Common Than We Think? By Nida Khan Drones Kill 12 Children Playing Outside’ – ‘A Family Buries 15’ –… Continue reading
-
Keynes with a neo-liberal twist? By William Bowles
10 November 2008 “Just imagine saying, “production for use leads to stagnation; production for death leads to exchange value and profits.” Now don’t jump on me! Wait, I have to go into capital expansion and its being “the breath of capitalism” and, as yet, no forseeable future opportunities for capital reproduction to the magnitude needed… Continue reading
-
Economics 101 – Interesting times By William Bowles
24 October 2008 ‘May you live in interesting times’, traditional Chinese curse Being raised in a family of Reds has its pluses and its minuses, one of the minuses being a decidedly unworldly approach to economics. It was as if we already lived in a socialist world but of course nobody else did. The upshot… Continue reading
-
Deep in the capitalist doo-doo By William Bowles
18 July 2008 “The current market jitters are centred on disturbances in the world’s credit markets. Worries about the viability of sub-prime mortgage lending have spread around the financial system, and the central banks have been forced to pump in billions of dollars to oil the wheels of lending.” ‘Financial crises: Lessons from history‘, Analysis… Continue reading
-
Economics 10000001 or the revenge of the Ninjas By William Bowles
12 September 2007 Explaining economics is probably the most difficult thing for any writer to undertake, especially if one’s take on things is not in the mainstream, that is to say, not what they call classical economics, which is another way of saying that capitalism is the only possible system, so it’s interesting to see… Continue reading
-
No need to panic, let the market decide By William Bowles
14 August 2007 “We’ve got blind panic… and obviously a complete lack of confidence [in the market]” – Tony Craze, Dawntrader.co.uk It should be obvious to all and sundry by now that capitalism is in dire straights. Last week’s meltdown of the world’s major capital markets was only ‘rescued’ by the injection of literally hundreds… Continue reading
The New Dark Age 