The business and political leaders generated by the last 30 years of neoliberal capitalism simply assumed that they could impose the costs of their crisis on their countries’ people.  That assumption is now being contested.  The European people are beginning to fight back.

By Rick Wolff
Where is this elusive recovery?  The [...]

We’re at a point at which there is a convergence between, you know, I think, the short-term interests of a revival, of an economic revival, and the long-term transition to an egalitarian growth model that would benefit even very large sectors of the financial industry. we’re at that point (not that everybody [...]

The mess the economy is in flows not from excessive consumption but from capitalism’s ruthless pursuit of unlimited wealth by any and all available means, whether or not these have anything to do with satisfying the needs of real human beings.  The only remedy for this situation is a truly revolutionary [...]

“The food and fuel crisis preceded the financial and economic crisis.
The de-regulation of the market has helped speculative activities by trans-national corporations,
not only in the international financial and fuel markets,
but also in the internal markets of staple foods of developing countries.”

by Mehdi Shafeeddin
What are consequences of the implementation [...]

by Carlos Latuff

Carlos Latuff is a Brazilian cartoonist.

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Economist Heiner Flassbeck holds the German wage policy responsible for the problems of Greece.
Interview with Heiner Flassbeck
by Bernd Kramer
Neither the drastic Greek austerity program nor the proposed European Monetary Fund can help the euro zone out of its difficulties.  Instead, Heiner Flassbeck calls for higher wages in the Federal [...]

Cry Wolf but do not ignore Tomorrow’s Tigers

“That’s not only a Greek tragedy.  If Europe cannot agree on a concerted action with explicit decisions about wage adjustment paths for many years, indeed for decades, to rebalance its trade, all of the so-called PIIGS countries mentioned above will have to [...]

A Tipping Point of Europe

“The austerity measures imposed on Greek workers to reduce the deficits are nothing but a prelude of what may happen to the other European countries.  The Greek crisis demonstrates the divisions in the ruling class on the strategies to adopt. The Greek crisis is indicative of [...]

A street of Guernica after the fascist bombardment of 26 April 1937

Greece faces a veritable economic Guernica, a massacre, in the face of which the European Left shows an unforgivable passivity.  What is imposed on Athens is meant as an example, to strike terror into Spain, Portugal, and even Italy.  But even France, facing [...]

Carlos Latuff is a Brazilian cartoonist.
Source: MRzine

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