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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...
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...
Like a cancer brought under remission in one part of the body, only to pop up again elsewhere, the world capitalist economic crisis is back Last year the Greek ponzi scheme, whereby the extent of Greek national debt was hidden from its creditors (international finance...
Introduction The Greek crisis represents the deepening of a long systemic contradiction whose origins lie in the 1960s, in the stagnation of monopoly capitalism and the emergence of the South. The industrial centers of the world economy were struck by a crisis of...
These are the final results of the parliamentarian elections in Greece: Nea Dimokratia (Right wing pro austerity program) 18,85%, 108 seats (33,47% in 2009 elections) SYRIZA (Coalition of the radical left, anti austerity) 16,78%, 52 seats (4,60%) PASOK (Socialists,...
Neoliberal globalization has pushed for the emergence of a new internationalism. Today, it is the violence of the social crisis in the North that is creating the conditions for this new internationalism. Neoliberal globalisation effectively emerged at the beginning of...
How is it possible for Finance Minister Pravin Gordhan to roll out a huge infrastructure programme requiring billions of rand and to slash the budget deficit (the proportion of government spending to GDP) from ––4.6% to –3% over three years without increasing taxes?...
Rendition South Africa styleSenior officials in the Hawks and SA Police Service are conducting illegal ‘renditions’ of Zimbabweans, who are deported from South Africa, handed to Zimbabwean security forces and then murdered. Rendition is the illegal kidnapping and...
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...