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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...
The relation between imperialism and democracy has been debated and discussed over 2500 years, from fifth century Athens to Liberty Park in Manhattan. Contemporary critics of imperialism (and capitalism) claim to find a fundamental incompatibility, citing the growing...
As it has remorselessly unwound, the global economic and financial crisis has passed through a succession of turning points. The first came when the credit crunch began in August 2007. Then there was the collapse of Lehman Brothers in September 2008, precipitating the...
What if debt deflation strikes, will the Eurozone’s financial elite still bay for sound finance? Finance capital’s imposition of fiscal austerity on both sides of the Atlantic – and this at a time when private consumption and investment are stagnating – is pushing the...
The threat of a new food crisis is already a reality. The price of food began to rise to record levels again, according to the FAO Food Price Index of February, 2011, which does a monthly analysis of global prices of a basic food basket made up of grains, seed oils,...
The threat of a new food crisis is already a reality. The price of food began to rise to record levels again, according to the FAO Food Price Index of February, 2011, which does a monthly analysis of global prices of a basic food basket made up of grains, seed oils,...
A new report on global hunger pinpoints factors at the heart of spikes in food prices it says are exacerbating the unfolding food crisis in the Horn of Africa. Released ahead of World Food Day on Oct. 16, the report calls for action to control price volatility in the...
One could almost get the impression that the storyline of the global economic and financial crisis of 2008/9 is forgotten. Questions of bank regulation and financial sector oversight are hardly discussed in public anymore and legislative efforts to rein in speculative...
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...