Category: Economy
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No Time for Public Sector Austerity
The 2007-08 financial crash was, in terms of its global impact, the greatest in history. It was only prevented from immediately triggering another Great Depression by governments in so many … Keep reading »
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Britain’s Austerity Budget: A Class Act
The June Budget Following the inconclusive outcome of the British general election on May 6th, the ‘centrist’ Liberal Democratic Party decided to turn sharply to the right by agreeing to join … Keep reading »
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Global Bonapartism: The G20 and the Planet
“We are left with the politicians who think poorly of us, and who stand back with chaos in their pale old eyes whimpering, ‘That is not what we wanted. No, … Keep reading »
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The Greek People are the Victims of an Extortion Racket
The events in Greece concern us all. The Greek people are paying for a crisis and a debt not of their making. Today it is the Greeks, tomorrow it will … Keep reading »
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Cutting Public Debt: Economic Science or Class War?
In The Bullet No. 345, Ingo Schmidt showed how the credit rating agencies have sparked an assault by international bondholders on the sovereign debt of Greece, where workers are being … Keep reading »
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Beware the Canadian Austerity Model
Paul Martin was Canada’s Minister of Finance from 1993 to 2003, then served a short term as Prime Minister (December 2003 to February 2006). He spoke on Canada’s 1990s debt … Keep reading »
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Greece: Driven into Crisis
Neoliberal order reigns in the world. Stock markets are recovering from the crash in the fall of 2008. Private banks are no longer weighed down by bad loans that were … Keep reading »
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Eurozone Crisis: Beggar Thyself and Thy Neighbour
The crisis facing the eurozone looks at first sight as German efficiency clashing with Portuguese, Irish, Greek and Spanish sloppiness. But in many respects Germany has performed worse than the … Keep reading »
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In and Out of Crisis
The Global Financial Meltdown and Left Alternatives With the recent publication of their new book on the financial crisis and the crisis of the North American Left, In and Out Of … Keep reading »
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Workers, Banking, and Crisis in Mexico
A striking feature of the global financial crisis is the narrow and technical focus on banks and financial corporations without accounting for ordinary workers in these institutions and in society … Keep reading »
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Beyond ‘Stimulus’ – Fiscal Policy After the Great Recession
As the communiqué from the Pittsburgh G20 summit put it, “it worked.” Unprecedented macro-economic stimulus in the form of ultra low interest rates and large government deficits has pulled the … Keep reading »
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Roots of the Economic Crisis: Critical Perspectives
This workshop explores alternative interpretations of the current economic crisis. The presentations are from organized labour, community activists and academics. The focus of this workshop is critical engagement, discussion and debate. Presentations by Andrew Jackson, Toby Sanger and Justin Paulson. Watch video »