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Conversation with Özlem Onaran From the start, the neoliberal project in Europe was marked by a striking pro-capital redistribution of income, wealth and power. This seemed to be a good solution to overcome the profitability crisis, but it sowed the seeds of another...
The key question is who, i.e. which class, is going to pay for this enormous crisis. Whichever one wins the battle, it will be directly at the other's expense. So far the popular classes are taking a beating. Can this be turned round? Throughout Europe people are...
The key question is who, i.e. which class, is going to pay for this enormous crisis. Whichever one wins the battle, it will be directly at the other's expense. So far the popular classes are taking a beating. Can this be turned round? Throughout Europe people are...
The pain in Spain is falling mainly on the poor, says Sofia Tipaldou, but they are resisting on a wholly new scale It’s happened again. Now it is Spain’s turn to get rescued. After half a year of austerity from the ruling centre-right party, Partido Popular (PP), the...
Eric Toussaint interviewed by Ana Benačić In this interview first published in Croatian on the portal net.hr and taken up by several websites in Croatia, Eric Toussaint develops ways out of the debt crisis which are very useful for different countries in Europe and...
Friday’s disastrous US jobs report, which showed the worst payrolls growth in a year, capped a week of dismal economic news from every part of the world. These developments reveal that claims of an economic recovery are not only premature but utterly fictitious....
Like a cancer brought under remission in one part of the body, only to pop up again elsewhere, the world capitalist economic crisis is back Last year the Greek ponzi scheme, whereby the extent of Greek national debt was hidden from its creditors (international finance...
Since the global economic crisis broke out in 2008, the many-sided protest movement against neoliberal austerity has yet to gain enough strength to force any real retreats from governments doing the bidding of capitalism’s ruling elites.But the March 29 general strike...
The economic crisis that has shaken the world may have started in Wall Street, but it has been made much worse by the actions of both the European institutions and European member states.Much of the so-called debt crisis was caused not by states spending too much, but...