In the early days of October 2011 the virtual bankruptcy of the Franco-Belgian bank Dexia is yet another sign of how deep is this crisis that brings governments to serve public money to private interests. Dexia’s krach shows that it is the private banks that are the...
Mass joblessness is an everywhere phenomenon in the developing world. The existence of an ever-growing reserve army of labour manages to keep working wages below a living minimum. Hence, the majority of the working class in any third world economy can get nicely tied...
The crisis of capital at the present juncture when capitalism is deeply financialised is extremely difficult to resolve. The main structural problem of the system is the downward pressure on the rate of profit, but further financialisation is no longer a sustainable...
1. Introduction The Occupy Wall Street (OWS) movement has brought about a remarkable change in public consciousness. Until the movement began in September 2011, it was rare to hear politicians or the mainstream media acknowledge such huge problems as the gap between...
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