The New Wave of Financial Instability by MIKE WHITNEY Global stocks were hammered on Friday for a second straight day on news of a slowdown in China and turbulence in emerging markets. The Dow Jones Industrials suffered its worse drubbing in more than two years, tumbling 318 points on Friday to end a 490 point … More The New Wave of Financial Instability
Originally posted on Systemic Disorder:
“Too big to fail” banks are bigger than ever. Holding the global economy hostage, extracting profits from every aspect of human activity and remaining well above the reach of the law are simply business as usual — not to mention extremely profitable. The six largest banks in the United States…
Syriza Succeeds in Greece by Challenging European Left’s Approach to Reform. Leo Panitch on Syriza’s radical approach to ‘reform’ in Europe.
Originally posted on thecurrentmoment:
As an antidote to the snide gossip that passes for analysis of French politics at the moment, and in line with our broader reflection on the state of the European left, here are five theses on the French left that we hope might go some way to explaining the present impasse.…
http://m.youtube.com/watch?list=PLhiXBRrj94Pclgi3CCOg3_1j5jAV0yEik&v=sMmNVA-90NE&feature=plpp John Peters on unions, pensions and the rise of finance.
Originally posted on Bob Jessop:
This on-line version is the pre-copyedited, preprint version. The published version can be found here: ‘Marx and Engels on the state’, in S. Hibbin, ed., Politics, Ideology, and the State, London: Lawrence and Wishart, 40-68, 1978. *** It is a commonplace that Marx did not produce an account of the…
An article on the Radical Left by Philippe Marliere … More The Radical Left in Europe: An Outline – Transform Network
Originally posted on Real-World Economics Review Blog:
from Mark Weisbrot It was 20 years ago that the North American Free Trade Agreement (NAFTA) between the U.S., Canada, and Mexico was implemented. Here in Washington, D.C., the date coincided with an outbreak of the bacteria cryptosporidium in the city’s water supply, with residents having to boil…
Originally posted on Real-World Economics Review Blog:
from David Ruccio As Steven Rattner explains, Wage increases haven’t been paltry because the efficiency of the American worker has flagged; indeed, productivity has continued to chug along. But those productivity gains have simply not been passed on to workers. Between 2000 and 2012, productivity rose by 22…
Puzzle or Misreading? Stagnation, Austerity and Left Politics | The Bullet No. 920. That the many attempts to theorize the crisis of 2008, the deepest crisis since the Depression, have at best been inconclusive should not be all that surprising. After all, as Michael Bernstein noted in the late 1980s, a half-century after the Great … More Puzzle or Misreading? Stagnation, Austerity and Left Politics | The Bullet No. 920
