European elections: Merkel’s Holy Alliance goes unpunished for deflation and mass unemployment, xenophobic parties score record highs in Italy, Denmark, Finland, Hungary, UK, while socialdemocrats seem to be walking down sunset boulevard (and red parties nurse their dashed hopes). Socialism is so last century… Only good news: Cohn-Bendit and Bové’s europe écologie outperform socialists in [...]
WORKERS BID TO OWN THEIR FUTURE
By Chris Bryan, May 28, 2009
Demanding a capital stake in a troubled company may seem like an odd thing to do at the height of the worst recession since the second world war, but for German workers it is fast becoming a powerful rallying cry. The idea of Mitarbeiterbeteiligung – [...]
Yes, I mean capitalists vs pirates of the Web. The economics of free content and peer production is it sustainable in the Great Recession? Where are people gonna get the income now that finance and advertising, those twin motors of neoliberalism, have come to a screeching halt? For sure, as Geert Lovink and others argue, [...]
Published on May 1, 2009
A pandemic of green shoots, a world infested by signs of hope of recovery, and a big market rally. The FTSE All-World index has risen by 31 per cent since its March low. The VIX index – a gauge of market fear – has more than halved from its year-end high, [...]
One would think that with millions of unemployed and riots everywhere, the Germans would drop their obsession with inflation and start expanding deficits to counter falling demand in the eurozone. I mean, ok for Ossie Merkel who was brainwashed by free-market orthodoxy since she was a teen (remember the flat tax hogwash?), but how could [...]
The following open letter to US activists is a response to Ben Ehrenreich’s “Foreclosure Fightback,” published February 9 in The Nation. It is a letter of support and solidarity from a group of South African activists who have considerable experience fighting for the rights of the poor and dispossessed in post-apartheid South Africa.
The Nation welcomes [...]
As a number of people begin to talk about the right city, we should also look farther down the road and take a look at number five of Doctor Doom’s 2006 hit, “Commercial real estate loan market will soon enter into a meltdown similar to the subprime one…”, and in the minutes of the January [...]
Friends, Sisters, Genderbenders of the european peninsula: the old guys in Frankfurt are trying to prevent Germany to bail out Ireland and other countries in the eurozone because otherwise “fiscal discipline” and the euro would be in danger. Trichet, Almunia, you there? Then listen well: fuck the Maastricht Treaty and the Stability Pact: its utter [...]
Obama’s stimulus package was voted by the Senate in a different form from the House’s version yday. So the House and the Senate will have to spend days bargaining over a common plan. It’s $800bn and it’s finally fiscal, not monetary like all the good money wasted ’til now. But it’s hard to get one’s [...]
The Noth American Bank Users Strike!
(Send your Love to those Greedy Dumb Bastards on Valentine’s Day, our comment, GR)
let’s spread the idea around.
money to people, not banks
trillions to the unemployed, not bankers