Amandla! is free here, but we welcome donations.
Greece stands on a precipice. There can be no return to the old politics there and a revolutionary situation is emerging amid the chaos of everyday life. The classic conditions for revolution are present: a working class no longer prepared to live in the old way and a...
Friday’s disastrous US jobs report, which showed the worst payrolls growth in a year, capped a week of dismal economic news from every part of the world. These developments reveal that claims of an economic recovery are not only premature but utterly fictitious....
May brought home to the world evidence of the popular rejection of the irrational pursuit of austerity amidst recession in Europe and elsewhere. One telling signal was the victory of Francois Hollande in the French Presidential run-off, making this the first...
As the leaders of the eurozone struggle to contain Europe’s financial crisis, big question marks are appearing both over whether the euro will actually survive as a single currency and over whether the euro crisis may split the European Union (EU) politically into two...
The Greek prime minister George Papandreou’s call for a referendum on the bailout package agreed with the EU leaders and the IMF sounds like a move towards democracy. The Greek people are apparently going to be asked whether they want to accept or reject massive cuts...
Have so many ever been so enthusiastic over a plan to beg, borrow, and steal $1.5 trillion? •Beg - Weaker European banks will have to raise over $100 billion in capital. •Borrow - Eurozone will borrow $1.4 trillion to bailout future sovereign and bank defaults. •Steal...
As ThinkProgress has previously noted, the 99 Percent Movement has been set off thanks to long-standing economic inequities and and a recession caused primarily by Wall Street’s misdeeds.Wall Street did not engage in reckless financial behavior — which plunged 64...
The large Belgian Bank, Dexia, went bust over last weekend. It provides a lot of pointers about the role of banking and how it fits into this crisis. Dexia was bailed out before at the height of the financial crisis in 2008. Then the Belgian and French governments...
An important disconnect over the discussion of the future of the European Union exists, one that divides into three parts. First, there is the question of whether the various plans put forward in Europe plausibly could result in success given the premises they are...