Euro
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Michael Hudson: A roadmap to escape the west’s stranglehold
The geoeconomic pathway away from the neoliberal order is fraught with peril, but the rewards in establishing an alternative system are as promising as they are urgent Continue reading
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The Dollar Devours the Euro
It is now clear that today’s escalation of the New Cold War was planned over a year ago. America’s plan to block Nord Stream 2 was really part of its strategy to block Western Europe (“NATO”) from seeking prosperity by mutual trade and investment with China and Russia. Continue reading
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EU/Germany parting of the ways?
From its inception the European Union was an ambitious strategy to build an economic bloc which would serve as a counter-weight to the US’s global economic dominance. (1) One of the primary conditions of this overall construction involved the creation of a single strong currency, the euro, that could become the rival to the US$.… Continue reading
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Italian debt crisis haunts Europe By Fiona Lali
A crunch point is approaching in the ongoing saga surrounding the highly-indebted Italian economy. This could spark a revival of the dormant euro crisis. Continue reading
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What a Difference a Year Makes By S. Artesian
16 July 2015 — The Wolf Report: Nonconfidential analysis for the anti-investor What a Difference a Year Makes Mix and Match 2014 “This is not our Europe. This is only the Europe we want to change. In place of a Europe of fear of unemployment, disability, old-age and poverty; in the place of the current Europe Continue reading
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More than Twice, Less than Zero By S. Artesian
Back in January, Syriza convinced the Greek voters that it could win a write-off of the Greek sovereign debt from the Troika; that it could obtain a “significant grace period in debt servicing;” exclude public investment from the restrictions of previous agreements; rebuild the welfare state; lead the country to productive reconstruction and recovery; increase… Continue reading
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Now Playing, Limited Engagement, at the Odeon: Slick Alexis in “Illegal Illegitimate Odious”
Alexis Tsipras, one time star of student government and summer stock before graduating to bourgeois government and dinner theater, has pulled off what one of his predecessors could only dream of doing: posing the demands of the EU for the impoverishment of current and future generations as a referendum for the “people” to vote upon. Continue reading
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Reasons To Be Uncheerful By S. Artesian
The truth is that the debt represents the compressed whole of capitalism. More specifically, Greece’s public debt cannot be separated from its membership in the EU, from its adherence to the monetary union, from its condition of capitalism within the larger network of capitalism, all the PhDs, political economists, Marxist economists, in the world to… Continue reading
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Different Boy, Same Game By S. Artesian
Here’s the thing about history: it always, but always, out-goofs me. I mean I’ve been known to use hyperbole, satire, spoof, sarcasm, exaggeration, and near-drunk hallucination to illuminate the macabre humor, the grinning madness that is the result of, and circulates with value production, but I’m an amateur, a naïf, when compared to what capitalism… Continue reading
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Syriza’s Only Choice: A Radical Step Forward By Spyros Lapatsioras, John Milios, and Dimitris P. Sotiropoulos
The transitional “bridge Agreement” of the 20th of February is a truce intended by the Greek government and welcomed by the other side (the European “institutions”). Within the truce period (the next four months), the conditions for negotiating the next agreement will be shaped. This could mean that everything is still open. However, that is… Continue reading
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Greece: GameBoy at the PlayStation By S. Artesian
All dressed up in his Roy Batty best, the new finance minister of Greece, Yanis “GameBoy” Varoufakis was on the road. Laptop, Ipad, and PlayStation all synched, linked, and tethered, he was a man in full in that great digital daisy chain of bankers, academics, politicians. and entertainers. Continue reading
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The Looting Of Ukraine Has Begun By Paul Craig Roberts
Before anything approaching stability and legitimacy has been obtained for the puppet government put in power by the Washington orchestrated coup against the legitimate, elected Ukraine government, the Western looters are already at work. Naive protesters who believed the propaganda that EU membership offered a better life are due to lose half of their pension… Continue reading
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Ukraine: “Go West, Young Man” By Jeffrey Sommers & Michael Hudson
“Let them loot.” That is the demand of the West when its NGO subsidiaries firebomb government buildings, murder policemen and loot the arms depots of military forts. Kiev is the equivalent of Kosovo as a Slavic city-of-origin. Are we seeing a replay? Continue reading
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NATO’s Worldwide Expansion in the Post-Cold World Era
One of the most significant developments of the post-Cold War era, and certainly the most ominous, is the transformation of the North Atlantic Treaty Organization (NATO), a military bloc created by the United States during the genesis of the Cold War in 1949, into one that has grown to encompass the entirety of Europe, has… Continue reading
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NATO’s Worldwide Expansion in the Post-Cold World Era By Rick Rozoff
One of the most significant developments of the post-Cold War era, and certainly the most ominous, is the transformation of the North Atlantic Treaty Organization (NATO), a military bloc created by the United States during the genesis of the Cold War in 1949, into one that has grown to encompass the entirety of Europe, has… Continue reading
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The Coming Imperial Implosion in the Arab World By Glen Ford
The French intervention in Mali and the deadly Salafist assault on an Algerian natural gas facility on the border with Libya reveal the deepening crisis of U.S. and European imperialism in northern Africa. What is playing out in the western Sahel is the direct, and broadly predictable, result of the aggressive Euro-American response to the… Continue reading
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NATO: Delivering Death Since 1949 By Mahdi Darius Nazemroaya
The world is enveloped in a blanket of perpetual conflict. Invasions, occupation, illicit sanctions, and regime change have become currencies and orders of the day. One organization – the North Atlantic Treaty Organization (NATO) – is repeatedly, and very controversially, involved in some form or another in many of these conflicts led by the US… Continue reading
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France and the U.S. Play Tag-Team in Africa By Glen Ford
The United States and France, once thought of as imperial competitors, act as military tag team partners in Africa. France puffed up like a hyper-aggressive peacock in the assault on Libya, and now strikes unilaterally against Islamists in Mali. But the junior imperialist’s brashness comes with the confidence that the superpower has its back. Continue reading
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Zbigniew Brzezinski as a mirror of American devolution (I) By Dimitri Minin
Many argue about the extent of his influence on U.S. policy. However, there are also criteria that are unmistakable. Just look at his regularly published arguments, and then compare them with some actions of the U.S. administration, especially with the recently emerging doctrines of the «National Security Strategy of the United States», and numerous direct… Continue reading
The New Dark Age 