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Our Times 3

Economic Crisis

  • The Bloco Tightrope

    As the Greek experience has shown, a radical anti-austerity program demands confrontation. Compromise will lead only to capitulation. Ending austerity will require tackling debt and the eurozone’s fiscal straightjacket head on.

  • State Terror or Capitalist Terror, Military Coup or Capitalist Coup

    The capitalist coup and terror state has a strategic international character. It is also an integral part of imperialist conquest and anti-imperialist struggles. The class struggle and the anti-imperialist struggles are two sides of the same process.

  • Global Corporate Cash Piles Exceed $15 Trillion

    Workers’ wages, benefits, and incomes have been falling in the AEs since 2009 in a so-called ‘recovery’ that still hasn’t reached AE workers and is now ending as well. Wage income decline is about to accelerate. But to hear the AE corporate elites whine and complain you would think they are doing poorly as well. But the facts tell otherwise.

  • Robbing the poor to give to the rich

    From the outset of his political career, Stephen Harper’s overriding mission has been to dismantle Canada’s nascent version of social democracy and ultimately change the deeply rooted system of Canadian collectivist values that supports it. Over the past nine years in government, he has advanced toward that goal incrementally but inexorably.

  • The Greek Debacle

    The Greek crisis has provoked a predictable mixture of indignation and self-satisfaction in Europe, alternatively lamenting the harshness of the settlement imposed on Athens or celebrating the last-minute retention of Greece within the European family, or both at once.

  • Harper is fighting the deficit battle but losing the economic war

    The evidence is mounting that Canada’s economy may already be in an outright recession. Recent data on investment, exports, building permits and retail sales all paint a gloomy picture, and Friday’s jobs numbers (the private sector shed 49,000 jobs in June, partly offset by public sector hiring) added to the pessimism.

  • We Are All (or Should Be) Greeks Now

    As Slovenian writer Slavoj Žižek says: “This passage from politics proper to neutral expert administration characterizes our entire political process: strategic decisions based on power are more and more masked as administrative regulations based on neutral expert knowledge, and they are more and more negotiated in secrecy and enforced without democratic consultation.”

  • Stop lying to the Greeks—life without the euro is great

    What I find amazing about the euro-fanatics is that they just don’t seem to care about facts at all. They carry on repeating the same claims about the alleged miracle cure of their currency, no matter what happens. You can hit them over the head with the latest IMF World Economic Outlook and they carry on droning, unfazed.

  • Pillage and Class Polarization: The Rise of “Criminal Capitalism”

    Mega-swindles define the nature of contemporary capitalism. The profits and power of financial capital is not the outcome of ‘market forces’. They are the result of a system of criminal behavior that pillages the Treasury, exploits the producers and consumers, evicts homeowners and robs taxpayers.

  • Polarizing Development

    Alternatives are assessed by the extent to which they enable the fulfillment of social aspirations for an equal and just existence free from exploitation and oppression. They reveal the contours of different and better possible forms of social development; the nature and varieties of neoliberalism; and the forms alternatives must take.

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