Tag: economic crisis

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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Understanding its reality is the first activist step towards preparing for the next economic crisis

Understanding its reality is the first activist step towards preparing for the next economic crisis

Global economy is facing a ‘perfect storm’ BIS fears that increasing protectionism could reverse decades of progress. http://www.smh.com.au/business/the-economy/global-economy-is-facing-a-perfect-storm-warns-bis-chief-20180827-p4zzzq.html?btis You don’t have to agree with or understand all of the stuff in this summary of what one of the major architects of “our” twenty first century capitalism is saying, except that another economic crisis is just…

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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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