Austerity Versus Stimulus | by Prabhat Patnaik

IT is obviously silly to push for austerity in the midst of a recession, not just silly but cruel, since it prolongs the pain of unemployment. The recession is caused by a deficiency of aggregate demand. To overcome it what is necessary is an increase in demand which...

Greek Tragedy | by Nick Dearden

Everyday the same news – Greece lurches nearer to a default, the financial markets panic, and governments come up with a few more euros or some soothing words to calm them for a few hours. The meltdown has been put off for another day.Almost every commentator accepts...

Everybody’s Son | by Uri Avnery

The most sensible – I almost wrote “the only sensible” – sentence uttered this week sprang from the lips of a 5-year old boy. After the prisoner swap, one of those smart-aleck TV reporters asked him: “Why did we release 1027 Arabs for one Israeli soldier?” He...

The Nobel Price for (SA) Peace

The latest furore about statements made by former apartheid president FW de Klerk has raised one very pertinent point: the political considerations that go into the decisions regarding the award of the Nobel Peace Prize. It also raises again the circumstances in which...