Articles Tagged ‘Austerity’

  • The Fight Against Street Deaths in Toronto

    Canadian Politics

    If people are allowed to freeze to death for lack of basic shelter then we have moved beyond reduced entitlement and arrived at a situation of reckless and lethal social abandonment.

  • Can we put the brakes on austerity?

    Canadian Politics

    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.

  • The Greek Election

    Europe

    As we enter the eighth year of the long-lingering global economic crisis, it is sobering indeed that it is only in Greece that a political party putting forward a clear, radical democratic alternative to the perverse policies of neoliberal austerity stands on the doorstep of entering the state.

  • Greece: The Dilemmas of Democratic Socialism

    Greece is experiencing a triple crisis which has a profound impact on the economy, society and political system. The economy has experienced a deep, prolonged depression lasting six years and continuing.

  • Beyond the Economic Crisis: The Crisis In Trade Unionism

    Discussions on the left about the economy might be summarized as warning that things are going to get a lot worse before they get…worse. This is not just a matter of the sustained attacks on the labour movement but as much a reflection of the crisis within labour.

  • Pensions and the Detroit Bankruptcy

    Globalization

    Many business-oriented commentators blame urban corruption and incompetence, poor investment decisions by auto companies, and pensions cast as too generous. While there is always a grain of truth to some of those claims, they have little to do with the underlying causes of the decline of cities like Detroit.

  • 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.

  • Lac-Mégantic: A Social and Ecological Tragedy

    Québec has just experienced the most brutal ecological catastrophe of its history. On July 6, 2013, a train loaded with 72 cars carrying crude oil derailed during the night. It exploded in downtown Lac-Mégantic, a small municipality (pop. 6000) in the Eastern Townships. A series of explosions and a fire completely destroyed more than 30 buildings including the municipal library, the town’s archives, heritage buildings, businesses and residences. Police have confirmed that 50 people were killed by the blast.

  • Alter Summit: A People’s Manifesto

    Europe stands on the edge of a precipice, looking into the abyss. Austerity policies drive the people of Europe into poverty, undercut democracy and dismantle social policies. Rising inequalities endanger social cohesion. Ecological destruction is worsening while acute humanitarian crises devastate the most affected countries. Women and young people are hardest hit.

  • 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.

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