Tuesday, Feb 7th 2012
The shocking truth about the crackdown on Occupy | Naomi Wolf
The power of the banking industry is one backed by the violent action of the state against its citizens. Or as Naomi Wolf put it: “So, when you connect the dots, properly understood, what happened this week is the first battle in a civil [...]
US investment strike | Michael Roberts
Michael Roberts on the latest US data and the continuing investment strike. Similar to Michael Burke’s finding about corporate profits in Ireland in tandem with a continuing investment strike, it seems that corporations are benefitting hugely from the agenda to drive down wages and increasing unemployment.
The latest revision of US [...]
Europe’s revolution from above | Étienne Balibar
A great Guardian CIF post by Étienne Balibar providing a penetrating, and to my mind fairly spot on, analysis of what is happening in Europe and in the Eurozone in particular at the moment. He points initially to the take over of Greece and Italy by the technocrats, ‘ordained [...]
From the people who brought you Crisisjam
Next month will see the latest in a series of vicious budgets entailing almost four billion euro in spending cuts and tax increases. In the days preceding this calamity, Taoiseach Enda Kenny is scheduled to address the nation on television to offer words of comfort and inspiration. The text [...]
EU Parliament chief refuses to protest at illegal arrests by Israel | The Electronic Intifada
David Cronin on how president of the EP Jerzy Buzek isn’t too bothered about the arrest of his colleague Irish MEP Paul Murphy by Israel in International Waters.
“The president of the European Parliament Jerzy Buzek has declined to protest at [...]
Words of a Euro Doomsayer Have New Resonance | Betting on Bernard Connolly
Good god….
Bernard Connolly was “a European Union economist in the early 1990s, where he helped design the common currency’s framework, but then he was dismissed after he expressed turncoat views. In 1998, just months before the euro’s introduction, he predicted that at least one [...]
Video: David Harvey at Occupy London November 12, 2011
David Harvey at Occupy London / November 12, 2011 / International Day of Solidarity from Elaine Castillo on Vimeo.
Transcript of the talk here.
Aditya Chakrabortty | Why doesn’t Britain make things any more?
Aditya Chakrabortty on Britain’s de-industrial revolution
And yet many of the arguments that preoccupy the British are haunted by the spectre of manufacturing. Angry at the overweening power of banks? Then you want a more mixed economy. Distressed at the gap between the rich and [...]
Michael Roberts | Europe: default or devaluation?
Marxist economist Michael Roberts has an excellent post which goes through the arguments made at a plenary session at the Historical Materialism conference last weekend. The most interesting part of the discussion, and the most heated, was on whether or not the left should advocate that a peripheral Eurozone [...]
There has been an important series of posts on Progressive Economy by Michael Burke about the government’s recently published Medium Term Fiscal Statement (MTFS) which includes a series of forecasts. By examining the MTFS we now know that the deficit and debt levels are higher than expected, real growth is not happening (in fact, its contracting) [...]
