market
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Books: The Importance of State Theory By Bob Jessop
Leo Panitch and Sam Gindin’s long-awaited The Making of Global Capitalism, said to be ten years or more in the making, is ‘about globalisation and the state’. More precisely, Panitch and Gindin use its 450 pages to provide an important, informative, and well-written account of the predisposing factors, emergence, expansion and transformations, of global capitalism,… Continue reading
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Worst cuts in wages for UK workers in ‘deepest recession since WWII’, IFS shows
Between 2010 and 2011, 70 per cent of employees who stayed in the same job fronted real wage cuts, while a third of those workers faced nominal wage freezes or cuts (12 per cent experienced freezes and 21 per cent experienced cuts). Continue reading
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‘Shocking incompetence’: UK health officials threw away £74m of bird flu ‘wonder-drug’
UK’s Department of Health threw away £74m worth of Tamiflu, the antiviral drug, before its expiry date, due to unsafe storage procedures. In total the country has spent £600 million since 2006 on drugs to fight a flu pandemic that has not materialized. Continue reading
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South Africa: Since 1994, a massive wealth shift from already poor to the 'uber-rich' By Dale T. McKinley
Every time the annual South African season of wage negotiations is about to begin, as it is now, representatives of capital unleash a tsunami of propaganda about workers’ “high and unaffordable” wage demands. Dire warnings of destructive social unrest/conflict, high inflation rates, poor competitiveness and generalised economic devastation roll off their silver-lined tongues. Continue reading
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The world is rich. The rich are the problem By Richard Mellor
There’s no shortage of food, no shortage of wealth to solve social crises. The problem is a system that enriches a few and starves multitudes. Continue reading
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Bee Deaths: US Environmental Protection Agency (EPA) Slapped with Lawsuit By Dr Joseph Mercola
The US Environmental Protection Agency (EPA) has failed to protect bees from neonicotinoid pesticides, according to a lawsuit against the agency, filed by beekeepers and environmental groups. Continue reading
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The Global Economic Crisis: Causes and Devastating Consequences By Global Research
This important collection provides the reader with “a most comprehensive analysis of the various facets – especially the financial, social and military ramifications – from an outstanding list of world-class social thinkers.” Continue reading
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Thatcher’s Record: It’s All Smoke and Mirrors By Tim Holmes
Beneath the tide of stirring political rhetoric, it is worth taking a careful look at the woman’s true record in and out of office. What follows is an attempt to shed light on several key areas of that record. Continue reading
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“Let us glory in our inequality.” By Michael Hudson
As in Chile, privatization in Britain was a victory for Chicago monetarism. This time it was implemented democratically. In fact, voters endorsed Margaret Thatcher’s selloff of public industries so strongly that by 1991, when she was replaced as prime minister by her own party’s John Major, only 35 percent of Britain’s voters supported the Labour… Continue reading
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Video: Michael Hudson – Thatcher Gave More Power to Finance
Michael Hudson: Thatcher deregulated banking and made London the center of speculation and financialization – April 9, 2013 Continue reading
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For the Finance Minister of Germany, Crisis Is a “Necessity” By Victor Grossman
Angela Merkel’s face usually displays a rather plain, friendly, almost benign expression, matching her simple, benign words. But in rare unguarded moments, some claim, they glimpse a very hard visage, which is matched, equally rarely, by hardly benign words, like her annoyed statement that Cyprus was “exhausting the patience of its euro partners.” Continue reading
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How George Bush won the war in Iraq – really! By Greg Palast
The invasion was not about “blood for oil”, but something far more sinister: blood for no oil. War to keep supply tight and send prices skyward. Continue reading
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The “Alternative Media” Challenges Officialdom’s Views By Colin Todhunter
The mainstream media is under threat. And the threat is in the form of what is known as the ‘alternative media’. Decades ago, the ‘underground’ media took the form of pamphlets and booklets. These days, it’s no longer ‘underground’ and you don’t need money to cover print and distribution costs. It’s very much alive and… Continue reading
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The “Alternative Media” Challenges Officialdom’s Views By Colin Todhunter
The mainstream media is under threat. And the threat is in the form of what is known as the ‘alternative media’. Decades ago, the ‘underground’ media took the form of pamphlets and booklets. These days, it’s no longer ‘underground’ and you don’t need money to cover print and distribution costs. It’s very much alive and… Continue reading
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The Wrong Economic Prescriptions: Deeper Austerity as a “Solution” to Austerity By Kevin Zeese and Margaret Flowers
As the economy shows signs of recession, the leeches return. Alan Simpson and Erskine Bowles have issued a new report calling for even deeper austerity. It is not what the economy needs as it stagnates and sputters toward a possible new collapse. Their report combined with President Obama’s State of the Union, the sequestration and… Continue reading
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GMO Agribusiness and the Destructive Nature of Global Capitalism By Colin Todhunter
It’s apparent that, as the academic David Harvey states, the problems created by capitalism don’t get solved, they just get shifted around. Nowhere is this epitomized more clearly than the role of US agribusiness in India. Continue reading
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Video: LIBOR Scandal More Than Fraud – Whole Game is Rigged
Costas Lapavitsas: From multimillion dollar losses by cities like Baltimore to pension fund losses and much more, the LIBOR interest rate scandal shows that such mechanisms must be taken out of the hands of banks and be run in public interest (inc. transcript) Continue reading
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Reshaping Fiscal Policies In Europe: Enforcing Austerity, Attacking Democracy By Hugo Radice
These proposals, when fully implemented, will not only enforce a permanent regime of fiscal austerity, but also further remove macroeconomic policy from democratic control. For these reasons they need to be vigorously fought right across Europe. But if readers in the UK imagine that they are not affected, since we are not in the Eurozone,… Continue reading
The New Dark Age 