debt
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Disaster Capitalism in Action in Europe (with Video) By Moira Dalgetty in Athens
Make no mistake: what took place in Greece on the 12th of February 2012 – the agreement by the Greek parliament to the wholesale sell-off of their country – is about something far bigger, and much more insidious and dangerous, than debt, the story that is being sold to the public across Europe. To demonise… Continue reading
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A captive nation By William Bowles
‘Boom and bust’ no matter what the pundits say, is built into the very nature of capitalism. At best ‘tinkering’ with it brings a temporary reprieve from the inevitable and even the ‘tinkering’ is the result of working class intervention into the affairs of capitalism eg, the ‘welfare state’. Ultimately, the outcome every time is… Continue reading
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Aleela
The tantalum for the capacitors and cobalt for the batteries which power our cell phones are often mined by children in Congo making twenty cents per day. Those children come from a society where rape of women and girls is endemic. Continue reading
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Euro Crisis: Britain’s Financial Arsonist Returns to the Scene of the Crime By Finian Cunningham
The spectacle of bankrupt David Cameron swaggering over to Europe to ask equally bankrupt European governments for more deregulatory concessions for the City of London is about as stupefying as an arsonist returning to the scene of the crime – and asking for more gasoline. Continue reading
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Media Lens: ‘A Death Sentence For Africa’
The UN climate summit in Durban, South Africa, ended with one of those marathon all-night cliffhanger negotiations that the media love so much. The outcome was a commitment to talk about a legally-binding deal to cut carbon emissions – by both developed and developing countries – that would be agreed by 2015 and come into… Continue reading
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Democracy and Debt By Michael Hudson
Book V of Aristotle’s Politics describes the eternal transition of oligarchies making themselves into hereditary aristocracies – which end up being overthrown by tyrants or develop internal rivalries as some families decide to ‘take the multitude into their camp’ and usher in democracy, within which an oligarchy emerges once again, followed by aristocracy, democracy, and… Continue reading
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Europe’s Transition From Social Democracy to Oligarchy By Michael Hudson
The easiest way to understand Europe’s financial crisis is to look at the solutions being proposed to resolve it. They are a banker’s dream, a grab bag of giveaways that few voters would be likely to approve in a democratic referendum. Continue reading
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Taking on the Military Keynesians By Mark Engler
More than 40 years ago, long before anyone had ever heard of Barack Obama, before the collapse of Bear Stearns, and before contemporary debates about bailouts and debt ceilings, two authors, Paul Baran and Paul Sweezy, considered a tricky problem. In times of downturn, the government must spend to stimulate the economy. Continue reading
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Portugal: General Strike 24 November 2011
Following the agreement signed with the IMF/EU/ECB Troika, Portugal is confronted with a new and more severe austerity programme, unprecedented since the inauguration of democracy. Continue reading
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Eurozone Crisis Q&A BY BY Hugo Radice, Ed Lewis
Political economist Hugo Radice is a Life Fellow at the School of Politics and International Studies at the University of Leeds. In an interview with NLP’s Ed Lewis, he addresses a series of questions on the escalating crisis in the Eurozone. Continue reading
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General Strike in Portugal in 24 November
With a deeper recession, we will enter a destructive cycle of austerity policies, added recession and higher debt, repeating what is already happening, namely in Greece, with disastrous outcomes for the workers, people and country, which are very visible today.” Continue reading
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The march of the neoliberals By Stuart Hall
We are living through an extraordinary political situation: the end of the debt-fuelled boom, the banking crisis of 2007-10, the defeat of New Labour and the rise to power of a Conservative-Liberal Democratic coalition. What sort of crisis is this? Is it a serious wobble in the trickle-down, win-win, end-of-boom-and-bust economic model that has dominated… Continue reading
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Occupy Wall Street Newslinks 10-11 October 2011
11 October 2011 — williambowles.info 11 October 2011 Student march backs Occupy BostonWorld Socialist Web Site Today at 12:55On Monday afternoon, several thousand students from the Boston area came out to back the Occupy Boston movement. Continue reading
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Greece Newslinks 3-6 October 2011
6 October 2011 — williambowles.info 6 October 2011 Greece government workers stage protest strike San Francisco Chronicle As Greece struggles to avoid a catastrophic default, demonstrators in Athens expressed outrage over their misfortune and bewilderment at a crisis that shows no signs of easing. “Nobody knows what’s going on. Every day they say something different. Continue reading
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European Conference Against Austerity & Privatisation: European Conference Declaration
After a day of intensive debate, analysis and planning for cooperation and action, the Europe against Austerity Conference heard Coalition of Resistance Secretary Andrew Burgin propose the following Declaration, on behalf of the European Preparatory Committee. The Declaration was unanimously endorsed by the Conference which was attended by over 600 people Continue reading
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Final timetable out now – Europe Against Austerity Conference
29 September 2011 Saturday 1 October 10am-5pm, Camden Centre, London, WC1H 9AU On Saturday hundreds of activists, trade unionists and left politicians from across the continent are gathering in London for a conference to discuss the crisis and co-ordinate resistance. Greek strikers, activists from the Spanish ‘Indignant’ movement, leaders of the French New Anticapitalist Continue reading
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In the belly of the beast By William Bowles
In case you hadn’t noticed, especially if you get your news from the MSM, there is the mother of all capitalist crises unfolding around us. A crisis that appears to be far deeper even than the Crash of ’29 and given the global nature of corporate capitalism, nobody (except the rich) can escape its awful… Continue reading
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Why Iceland Should Be in the News, But is Not By Deena Stryker
As one European country after another fails or risks failing, imperiling the Euro, with repercussions for the entire world, the last thing the powers that be want is for Iceland to become an example. Here’s why: Continue reading
The New Dark Age 