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Wednesday, Feb 8th 2012


Economy on Irish Left Review

The Economy section contains all the articles that discuss anything to do with the economy, the financial crisis, banking or anything to do with political economics.

Articles

Claiming Our Future Ideas, Galway

I received the following in an email.
We are delighted to invite you to our next big national event, a creative, participative discussion on how we can create a more equal Ireland, by reducing income inequality. Please keep this important date in your diary – Saturday May 28th, N.U.I. Galway. We would advise [...]

A (friendly) challenge to progressive economists

What if an easily accessible paper was drawn up illustrating the following:

What may have been earned for the people if the banks were nationalised when there were profitable
What effective and efficient public utilities could have delivered for us (in money terms) if kept in state control
The benefits (again, in financial as well as the obvious [...]

How much is the taxpayer on the hook for?

Michael Burke has a post on Progressive Economy which shows how much we are really going to have to pay for these bank recapitalisations that never seem to be enough. It’s essential reading for anyone interested in whether or not Ireland’s debt level is sustainable, never mind just, given the ongoing hollowing out of the [...]

Frightening the Children with the Broken-ATM Argument

There is one argument in the current bank bail-out debate that is getting tiresome. It goes like this:
‘If we do something the ECB doesn’t like they will cut off loans to our banks and the ATMs will dry up by the morning. Therefore, we have no alternative but to do what we are doing.’ [...]

Burning the Economy, Not the Bondholders

“Of course we are under tremendous pressure on the financial arrangements (of the EU-IMF deal) but getting the economy going again, returning to growth will make that affordable,”
“If our economy goes well, if we get back to growth, get to full employment, then we can pay this easily. If economic growth is weak, then it [...]

Investment Treaty Proposals Will Cost EU Taxpayers, Report Warns

I meant to post this press release yesterday from Corporate Europe Observer. The full report is here.
Spanish MEP Zalba Bidegain again happy to act as a puppet for outside interests
EU member states - and taxpayers - are risking legal action from foreign companies as a result of new international investment policies currently being discussed [...]

Cash-for-amendments scandal just the tip of the iceberg

New rules needed to curb power of corporate lobbyists in the European Parliament
Unleashing one of the biggest lobbying scandals in EU history, the Sunday Times has in the last two weeks exposed four MEPs who had agreed to table amendments to change an EU law in return for promised payments. In a sting operation, undercover [...]

Letter to Dominique Strauss-Kahn and José Manuel Barroso ahead of Iceland national referendum

Thanks to Helga Thordardottir for sending a copy of a letter sent to Dominique Strauss-Kahn and José Manuel Barroso ahead of the national referendum in Iceland on April 9th.
This letter  is being sent on the initiative of Gunnar Tómasson, IMF Advisor (ret.), and several other Icelanders to  Mr. Dominique Strauss-Khan, Managing Director of the International [...]

The European Workers’ Movement: Dangers and Challenges

With the onset of the world economic crisis, the European workers’ movement finds itself in a new phase, one that is replete with dangers and challenges. It is important to underline that we are in fact in a new situation and not just a continuation of the previous period.
There is nothing new about the fact [...]

Tesco and the Stitch-Up Called Competition

Tesco admits to price manipulation - increasing the price of products before reducing them again as part of a price promotion. I’m shocked. Checkout magazine claimed that Tesco, rather than engaging in ‘price-cutting competition’, actually raised the price of 8,000 products in the first two months of this year. I’m stunned. Is this what capitalism [...]

Sins of the Father

Sins of the Father:

Tracing the Decisions

That Shaped the Irish Economy,

by Conor McCabe

from The History Press

Now Available as an e-Book.

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