Greece: going under | by Michael Roberts

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...

Where we are in the crisis | by William K. Tabb

The global political economy is likely to remain in crisis for at least another three to five years, with high unemployment and slow growth. The character of this period makes a grim cyclical crisis worse by adding to it both a financial component and a deeper...

The need to understand history

“History, despite its wrenching pain, cannot be unlived. But if faced with courage, need not be lived again.” So wrote the American author Maya Angelou. A fellow writer, James Baldwin also noted: “Not everything that is faced can be changed, but nothing can be changed...