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A crisis in the capitalist system is a kind of wake up call: speculative bubbles burst, the price of assets [8] moves back towards their real value; the least profitable corporations go bankrupt, and capital is destroyed [9]. Crises are in a way part of Capitalism's...
Big business sees water scarcity as a money making opportunity. Joyce Nelson uncovers the dodgy dealings of the Aqueduct Alliance. In January 2010, investment banker Goldman Sachs, along with General Electric and a high-powered Washington thinktank called the World...
The South African government is planning to order six nuclear reactors at an estimated cost of R1 trillion. What would the consequences of this be?Before we can understand this, we need to have some other plan to compare it to, which requires an understanding of how...
This is a reconstruction from notes of a talk delivered at a teach-in on "The Capitalist Crisis and the Environment" organized by the Education and Empowerment Working Group, Occupy Wall Street, Zuccotti Park (Liberty Plaza), New York, October 23, 2011. It was based...
As the number of humans on the planet reaches 7 billion, Ian Angus and Simon Butler, authors of Too Many People? Population, Immigration, and the Environmental Crisis, look at the persistent idea that overpopulation is the major cause of environmental destruction. The...
All recent economic indicators point almost unambiguously to a new global recession, one which threatens to be more severe and prolonged than the 2007 crisis. While the epicentre of this developing crisis is located in the metropolitan countries, specifically the EU...
Have so many ever been so enthusiastic over a plan to beg, borrow, and steal $1.5 trillion? •Beg - Weaker European banks will have to raise over $100 billion in capital. •Borrow - Eurozone will borrow $1.4 trillion to bailout future sovereign and bank defaults. •Steal...
Ironically, while populationist groups focus attention on the 7 billion, protestors in the worldwide Occupy movement have identified the real source of environmental destruction: not the 7 billion, but the 1% This article, published today on the environmental website...
Ironically, while populationist groups focus attention on the 7 billion, protestors in the worldwide Occupy movement have identified the real source of environmental destruction: not the 7 billion, but the 1% This article, published today on the environmental website...