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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...
By Dale T. McKinleyIt’s been five years since residents of the poor community of Phiri (Soweto) were first confronted with the practical consequences of the City of Johannesburg’s corporatisation and commodification (read: privatisation) of water delivery. That was...
By Jeff RudinStreet protests have become an almost daily occurrence in recent times. Water figures prominently amongst the triggers of such public anger. A complex of inter-related political, financial and technical factors are involved. In this the second part of his...
Since the 2005 election of President Mahmoud Ahmadinejad, the burning economic issue in Iran has been the privatization of public assets and, more recently, the elimination of subsidies for a vast array of goods and services. Leading figures, including the Supreme...