Dexia and bailing out the banks | by Michael Roberts

Dexia and bailing out the banks | by Michael Roberts

The large Belgian Bank, Dexia, went bust over last weekend.  It provides a lot of pointers about the role of banking and how it fits into this crisis.  Dexia was bailed out before at the height of the financial crisis in 2008.  Then the Belgian and French governments...

The 1% And Capitalism | by Shamus Cooke

By definition, capitalism is: An economic system based on private ownership of the means of production (industry, banks, technology), where through the process of market competition, production occurs for private profit — if something cannot be sold for a profit it is...
…And the Postman Goeth | by Terry Bell

…And the Postman Goeth | by Terry Bell

On Monday, nostalgia, tinged with concern, will provide a worker and union undercurrent when the post office, with justifiable pride, celebrates the centenary of South Africa’s first delivery of mail by air. Similar feelings afflict postal workers the world over as...