The Intergovernmental Panel on Climate Change has just released its report on Global Warning. Global temperatures broke through the 1 Degree barrier in 2017 and will breach the planet altering threshold of +1.5 Degrees sometime in the next ten to twenty years. The IPCC has produced a vivid graph showing the thresholds:report.ipcc.ch/sr15/pdf/sr15_spm_fig1.pdfThe only important point to come out of this report is that capitalism is not slowing down this rise, never mind reversing it. It confirms that capitalism is putting society together with the planet, in harm’s way.
Early on Thursday, 7 November 2013, Greek riot police stormed the offices of Greece’s main public broadcaster, which had been under a five-month occupation by workers who opposed the government’s decision to shut down the broadcaster, firing thousands and destroying a major cultural institution. The broadcast seems to have come to an end.
As the second round of negotiations on the EU-US trade agreement kick off in Brussels next week, a new report published by members of the Seattle to Brussels Network (S2B), including CEO, reveals the true human and environmental costs of the proposed deal.
Marx anticipated the problem as capitalism’s systemic crisis, the growth in the ‘organic composition of capital’ (machines) in an inverse relation to ‘living labor’ (jobs). The way out, in the shorter run, is a social wage combined with shorter hours, and in the longer run, socialism on the path to a classless society. McAfee here sees the problem, if not the full solution. – Carl Davidson
Many US shale companies that have been beating the drums of shale “revolution” are now facing oil and gas well depletion. In February 2013 the US Energy Information Administration (EIA) warned that “diminishing returns to scale and the depletion of high productivity sweet spots are expected to eventually slow the rate of growth in tight oil production”. It was a cautious but intriguing statement.
At the end of July, eurozone deputy finance ministers approved another transfer of money to Greece to the tune of EUR 6.8 billion (it had previously been thought that Athens would be allocated EUR 8.1 billion). Several days earlier, meanwhile, the Greek parliament approved the latest in a series of legislative acts, the adoption of which had been a condition of receiving money from international creditors – the International Monetary Fund, the European Commission and the European Central Bank. Continue reading →
The government’s announcement today that private companies are to be given access to patient data for the princely sum of £1, is just the latest attack on the principles of patient confidentiality in the interests of commerce.
István MészÁros is author of Socialism or Barbarism: From the “American Century” to the Crossroads (Monthly Review Press, 2001), and Beyond Capital: Toward a Theory of Transition (Monthly Review Press, 1995).
This article is based on a lecture delivered at the Latin American Parliaments’ “Summit on the Social Debt and Latin American Integration,” held in Caracas, Venezuela, July 10-13, 2001.
How can China avoid the “Western financial disease” – a real estate bubble followed by defaults and foreclosures? The U.S. and European economies originally sought to avoid this fate by taxing the location’s site value. A rent tax was the focus of Progressive Era reforms.