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Economic Crisis

  • World’s Richest 80 People Own Same Amount as World’s Bottom 50%

    Oxfam’s recent report, “Wealth: Having It All and Wanting More,” contains shocking figures that the press haven’t sufficiently publicized; so, the findings and the reliability of their sources will be discussed here. The results will then be related to the central political debate now going on in the U.S. Presidential contests for 2016, which is about equality and inequality.

  • Lost in the ‘50s with Harper’s anti-terror pablum

    Harper’s rhetoric has been coked up with apocalyptic rhetoric, from describing ISIS as everything from a “death cult” (a term more appropriate to NATO, an alliance that has always reserved the right to unleash nuclear weapons and thereby contribute to the end of human life altogether) to a gigantic squid.

  • Can we put the brakes on austerity?

    It’s one of the oldest scripts in the political playbook: Once elected, you discover — horror of horrors — that the previous government has been hiding just how bad the financial situation is. This requires the new government to take radical measures to cut expenses, something that Philippe Couillard’s Liberals would have mentioned during the election campaign… if only they had known.

  • Why the Whole World is Watching Greece

    It may seem surprising that an election in a small country of less than 12 million people could create high anxiety in government ministries in Berlin and Paris and at the European Union (EU) headquarters in Brussels. But as the Russian revolutionary Lenin once wrote, the chain of imperialism is only as strong as its weakest link, and Greece certainly fits that description.

  • Looking Backward, Looking Forward: 2014 - 2015

    The balance sheet for 2014 and the prospects for 2015 provide us with a complex panorama of negative and positive outcomes. In most cases the advances are not earth-shattering but open possibilities for further progress. The negative developments, however, have greater and more threatening systemic outcomes.

  • After Chávez: The Maduro government and the ‘economic war’ in Venezuela

    Nearly two years after the death of Hugo Chávez, the key question that many on the left are debating, in Venezuela and elsewhere, is whether his successors have been true to his legacy, or whether the ‘revolutionary process’ initiated more than a decade ago has now stalled or even been thrown into reverse.

  • 2015: A Pivotal Year for Economic and Financial Crises and Wars?

    What the world desperately needs now is a law-governed international environment, not a jingoistic and chauvinistic world empire that looks only after its narrow self-interests.

  • SOS Alternatives to Capitalism

    Capitalism re-invents itself often. Even if the world dies, capitalism makes it through in some other metaform. Capitalism has never really been on its death bed. Imperialism has been and is.

  • The coming financial crisis: a harbinger of world renewal?

    As the prospect of global financial crisis beckons once again, will our elected leaders finally accept the need for an entirely new economic approach that breaks away from the primacy of growth and profit – or will their hand be forced by a resurgence of mass public protest?

  • Moving forward after the People’s Climate March

    The September 21 People’s Climate March in New York City was a huge success. Over 310,000 people consisting of hundreds of contingents of various origins and interests marched in New York (some have put the number of marchers as high as 400,000). The organizers report that 2,807 similar actions took place in 166 countries during that weekend.

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