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...

“Neoliberalism is in Crisis” | by Slavoj Zizek

Philosopher and Critical theorist Slavoj Zizek, says he’s not an optimist when it comes to Europe and the broad political and ideological struggle in the continent and the world. But he salutes the demonstration of the British workers and the awackening “of some kind...