Tag: Austerity

Impending crisis, the broken rules of the system v the 90%

Impending crisis, the broken rules of the system v the 90%

Here, Michael Roberts gives a good overview of the global picture regarding new levels of instability in the economic system. Instability is an intrinsic feature of the capitalists system we live in. He starts as follows: The US stock market turned volatile this week and has now erased all the gains made up to now…

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“The Greeks are NOT lazy.” Fighting Austerity for REAL is complex

“The Greeks are NOT lazy.” Fighting Austerity for REAL is complex

THere is a lot more to fighting against Austerity than slogans, demands and even a humanistic programme for the people. This is one important lesson from SYRIZA’s negotiations with the representatives of European finance capital. In this case, it means complex negotiations. Solidarity with the Greek people and with SYRIZA must also include an unrelenting…

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The ECB, QE and escaping stagnation (with an Australian perspective)

The ECB, QE and escaping stagnation (with an Australian perspective)

Who In Australia would trust the Abbott and Hockey (Liberal government) alliance with the Business Council of Australia to manage the economy in the next financial crisis? Remember that when Rudd Labor came to office in 2007 it soon had to manage the impact on Australia of a global economic crisis, usually called the GFC.…

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