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The pain in Spain is falling mainly on the poor, says Sofia Tipaldou, but they are resisting on a wholly new scale It’s happened again. Now it is Spain’s turn to get rescued. After half a year of austerity from the ruling centre-right party, Partido Popular (PP), the...
The economic crisis that began in 2008 is getting worse—but it’s finally sparking a fight back in the U.S. IT’S BOTH an exciting and a sobering time to be a socialist in the United States or, for that matter, almost anywhere else in the world. Exciting, of course,...
The spectacle of the blows between a Democratic Alliance-led crowd and COSATU (Congress of South African Trade Unions) would have been the stuff of farce if it weren’t so tragically unedifying. The DA has every right to march and be “provocative”. COSATU’s response...
Demonstrators worldwide shouted their rage on Saturday against bankers and politicians they accused of ruining economies and condemning millions to hardship through greed and bad governance.Galvanised by the Occupy Wall Street movement, the protests began in New...
With confusing creditworthiness two more countries and many banks in Europe have “achieved” downgraded ratings over the last few days. And, there is a split. The Germans and the French have, temporarily, disagreed to agree. For the financial elites, political...
The political economy of changePraise for Hein Marais’ latest book“An extraordinary achievement. This is, by a considerable margin, the best book yet on the political economy of South Africa. Marais combines an unrivalled knowledge of the literature with a prose style...