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Economic Crisis

  • Catastrophism: The Apocalyptic Politics of Collapse and Rebirth

    Catastophism is meant as "a political intervention, designed to spur debate among radicals." Catherine Friedrich has taken this as an invitation for discussion.

  • Food fights against austerity

    Land occupations in Andalusia, the Fast Food Forward Thessaloniki, and restaurant strikes at steakhouses across Germany have created new fault lines in the fight over who is to pay the price of the crisis, writes activist Mark Bergfeld.

  • Crucible of Resistance: class struggle to exit the crisis

    A critical review of Crucible or Resistance and a discussion of potential ways out of the crisis.

  • Stagnation, austerity and left politics

    If we on the left want to assess the likely outcome of the recent crash and develop a meaningful response, we need to at least clarify some of the issues involved.

  • Listen to Chomsky’s Montréal discussion period

    Listen to the discussion period from Noam Chomsky’s Montréal lecture in Oct. 2013, a discussion that touches upon the reality of growing police repression in Montréal under the municipal law P-6 that bans free protest, to a clear denunciation of the pending Quebec secularist charter.

  • Wall Street Take-Off

    On July 16, 2013, Goldman Sachs, the fifth largest US bank by assets announced its second quarter profits doubled the previous year to $1.93 billion. J. P. Morgan, the largest bank made $6.1 billion in the second quarter up 32 per cent over the year before and expects to make $25 billion in profits in 2013.

  • The Crisis of Extreme Capitalism

    For years many assumed that the smart people who ran the system and benefitted from it would find a practical way to fix it. The problem is that the solutions are all framed within an ideology that makes that extremely unlikely.

  • Ireland and the Basque Country: Massive Flight (Emigration) or General Strike?

    Many billions of Euros are being extracted from Europe’s vassal-debtor nations—Spain, Greece, Portugal and Ireland—and transferred to the creditor banks, financial speculators and swindlers located in the City of London, Wall Street, Geneva and Frankfurt.

  • The Rumpelstiltskin Effect

    Once upon a time (actually 1994), in a not so distant land (Wall Street, in fact), there lived a king (the CEO of JP Morgan) who sent his underlings down to a swanky resort in Florida to figure out how to make more money. It wasn’t that his bank didn’t have enough money, it was just that the king wanted more for himself.

  • The Global Economic Crisis—Part 3

    Canadian Dimension posed a number of questions to three well-known economists to reflect on the roots of the crisis and what lies ahead, and to advance some progressive options. This week we publish the responses from Sam Gindin, former economist with the CAW and co-author of the forthcoming book “The Making of Global Capitalism: The Political Economy of the American Empire” (Verso, 2012).

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