Articles Economic Crisis

  • The New Global Financial Cold War

    Economic Crisis

    That’s how Germany industrialized and how the rest of Europe did. Bit the aim of the Trans-Pacific Partnership is to reverse and privatize public investment. Its ideology is that the economy should be owned and operated by private owners, private enterprise, whose aim is short-term profit.

  • The US Economy Has Not Recovered and Will Not Recover

    Economic Crisis

    There is no “New Economy.” The “New Economy” is like the neoconservatives promise that the Iraq war would be a six-week “cake walk” paid for by Iraqi oil revenues, not a $3 trillion dollar expense to American taxpayers and a war that has lasted the entirely of the 21st century to date, and is getting more dangerous.

  • Trade Minister Needs to Break Out of Bureaucrat’s Bubble on TPP

    Canadian Politics

    There have been no meetings with NGOs who have taken the time to examine the TPP closely, like the Council of Canadians and the Canadian Centre for Policy Alternatives, with First Nations (whose agreements with governments can be trumped by ISDS) or environmental groups.

  • The TPP: What’s Behind It?

    Canadian Politics

    Will our PM live up to his commitment to Canadians to represent all the people, the middle class and working class, or will he crumble under the weight of the owners of our capitalist system with their unconscionable greed and that of their handmaidens, the racketeers on Wall Street and Bay Street?

  • Flint’s poisoned water and capital’s second contradiction

    Economic Crisis

    Just as conditions in Flint in 1937, based on the First Contradiction of Capitalism, created the sit-down strike, so will the Second Contradiction lead to protests today. When the stakes were a living wage in 1937; the stakes of living—period—are even greater today

  • Richest 62 people as wealthy as half of world’s population, says Oxfam

    Economic Crisis

    Timed to coincide with this week’s gathering of many of the super-rich at the annual World Economic Forum in Davos, the report calls for urgent action to deal with a trend showing that 1% of people own more wealth than the other 99% combined.

  • Struggling to manage your life? Our destructive system is likely to blame

    Economic Crisis

    If Canadians were better informed by a comprehensive education system and a socially responsible mass media, the two women interviewed by the CBC would understand that they and millions of other stressed-out people are not primarily responsible for the near chaos in their lives.

  • International Monetary Fund’s Rogues Gallery

    Economic Crisis

    Clearly the savage cut in living standards, which the IMF executives decree everywhere is not unrelated to their felonious personal history. Rapists, swindlers, militarists, are just the right people to direct an institution as it impoverishes the 99% and enriches the 1% of the super-rich.

  • The Bloco Tightrope

    Economic Crisis

    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

    Economic Crisis

    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.

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