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Middle-Class Europe Made Precarious by Crisis

AGITATION AS MIDDLE-CLASS EUROPE STRUGGLES TO COPE
By John Thornhill
Economics is convulsing European politics. Governments have fallen in Iceland and Latvia; strikes or protests have erupted in Greece, Ireland, France, Germany, Britain, Lithuania, Ukraine and Bulgaria. Financial turmoil has shaken even the continent’s furthest-flung outposts: the French Caribbean island of Guadeloupe has been ravaged by violent [...]

We Demand Demand

We demand demand.  We’ve spent the last 30 years paying for it. Most of us owe most than we’re worth. Soon our credit will be so bad that no one will take our cash. If we’ve paid taxes, we own a bank, a car company, an airline.  Who knows what we’ll own next?

The only thing [...]

Altvater on the Political Economy of Global Recession

We were sent by the author (one of the most respected red-green economists in europe) the paper on the crisis he has just presented at the World Social Forum gathered in the Amazon city of Belém. ENJOY!

Elmar Altvater
The Plagues of Capitalism
Energy crisis, climate collapse, hunger and financial instabilities
There is no historical proof that the ten [...]

NEXT LEFT: european politics and movements in the Great Recession

Do a bit of historical rewind and think you are back in 2000 again. Boy, was Europe optimistic back then. The new economy hadn’t crashed yet, and Dubya did not seem to stand a chance against Gore. Sure, noglobal protesters had emerged as spoilers of the party of monetarism and neoliberalism, and the cinders of [...]