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While North America and Europe were hard hit, China has survived the international crisis of 2008, thanks to huge public spending, a low interest rate and consumption subsidies. China’s growth rate reached 9% in 2009 and 10.4% in 2010; in its wake, China dragged Asia...
History is littered with the fallout from failed financial schemes that have resulted in massive losses for ordinary people and private institutions, whose investments were plundered by unscrupulous consultants and bankers. Such economic crimes have commonly been...
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...
I was recently challenged by a contributor to write something positive, and so I decided to write about the single most positive outcome of the current financial crisis in Europe: the complete collapse of the corrupt, predatory, pathological global banking sector and...
Ran Greenstein responds to the recently published pieces by Richard Goldstone and Benjamin Pogrund which reject the analogy of Israel and apartheid. It is not common for the Hasbara machine, disseminating Israeli state propaganda, to be exposed in such a way. As if by...
Answer: what do you think they've been doing? On Monday, the Greek Prime Minister announced that his government would hold a referendum on the latest Euro austerity package. And look at the reaction to this ostensible democratic naivete. Stock markets slide...
Mat Little interviews the economist Harry Shutt about economic crisis and the left alternative. What marks Harry Shutt out as an economist is not that he predicted the financial crisis that struck in 2007 (two years before he warned of ‘an unavoidable financial...
How could it be possible to feel no interest in other people, and with a cool indifference to detach yourself from the very life which they bring to you so abundantly? No, painting is not done to decorate apartments. It is an instrument of war-- Pablo Picasso So they...
1. The Democratic Fraud Challenges Us to Invent Tomorrow’s Democracy Universal suffrage is a recent conquest, beginning with workers’ struggles in a few European countries (England, France, Holland, and Belgium) and then progressively extending throughout the world....