Facing the most serious civilizational threat ever, what is the South African government doing? The new Infrastructure Development Act pushed into law by economic development minister Ebrahim Patel will fast-track carbon-intensive mega-projects on behalf of mainly...
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Radio 786 Interview
On Radio786 in Cape Town from 9:30-10:30pm tonight, Ashraf was the interviewer, and to open, David van Wyk of Bench Mark Foundation (church-backed research group) did a terrific job setting out the extent of the crisis, including the social and labour plans which were...
Uneven and combined Marxism within South Africa’s urban social movements | by Patrick Bond, Ashwin Desai and Trevor Ngwane
(Another contribution to the debate about what's wrong with those pesky urb soc mvts: We agree with Andrew Nash that the answers to these questions will not come through the elaboration of a new, ‘proper’ Marxist line by mainly university-based, white intellectuals,...
Durban COP17: failures in the making | by Patrick Bond
The failure of Durban’s COP17 – a veritable “Conference of Polluters” – is certain, but the nuance and spin are also important. Binding emissions-cut commitments under the Kyoto Protocol are impossible given Washington’s push for an alternate architecture that is also...
Living in Rats’ Alley – Europe’s Crash Landing | by Mike Whitney
“Italy is now mathematically beyond the point of no return.” –Barclays Capital The situation in Europe gets more depressing by the day. Policymakers have waited too long and now events are beyond their control. The only way to avert a disorderly breakup and another...
Euro Bailout Failure | by 5 ducats
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...
Red Capitalism: The Fragile Financial Foundation of China’s Extraordinary Rise | by Carl E Walter and Fraser JT Howie
Serious capitalist representatives and Marxists often have shared analyses of events. Where they differ is in the diametrically opposed class conclusions that they draw from these. This important book on China illustrates this well. The authors have the advantage of...
CDS and rating agencies: factor(ie)s of risk and destabilization | by Eric Toussaint
In the eye of the storm: the debt crisis in the European Union (5/7) In July-September 2011 the stock markets were again shaken at international level. The crisis has become deeper in the EU, particularly with respect to debts. The CADTM interviewed Eric Toussaint...
A European Brady deal: austerity for life | by Eric Toussaint
In the eye of the storm: the debt crisis in the European Union (4/7) In July-September 2011 the stock markets were again shaken at international level. The crisis has become deeper in the EU, particularly with respect to debts. The CADTM interviewed Eric Toussaint...

