Low-Wage Workers Are Finding Poverty Harder to Escape – NYTimes.com

Low-Wage Workers Are Finding Poverty Harder to Escape – NYTimes.com. CHATTANOOGA, Tenn. — At 7 in the morning, they are already lined up — poultry plant workers, housekeepers, discount store clerks — to ask for help paying their heating bills or feeding their families. And once Metropolitan Ministries opens at 8 a.m., these workers fill … More Low-Wage Workers Are Finding Poverty Harder to Escape – NYTimes.com

Britain’s five richest families worth more than poorest 20% | Business | The Guardian

Britain’s five richest families worth more than poorest 20% | Business | The Guardian. The scale of Britain’s growing inequality is revealed by a report from a leading charity showing that the country’s five richest families now own more wealth than the poorest 20% of the population. Oxfam urged the chancellor George Osborne to use … More Britain’s five richest families worth more than poorest 20% | Business | The Guardian

The truth is out: money is just an IOU, and the banks are rolling in it | David Graeber | Comment is free | theguardian.com

The truth is out: money is just an IOU, and the banks are rolling in it | David Graeber | Comment is free | theguardian.com. Back in the 1930s, Henry Ford is supposed to have remarked that it was a good thing that most Americans didn’t know how banking really works, because if they did, … More The truth is out: money is just an IOU, and the banks are rolling in it | David Graeber | Comment is free | theguardian.com

Spain’s poor affected the most among OECD nations in financial downturn | World news | theguardian.com

Spain’s poor affected the most among OECD nations in financial downturn | World news | theguardian.com. Spain‘s poorest have been hit harder than any other group in any OECD country in the years of financial crisis and downturn, according to the OECD. While the wealthiest 10% of Spaniards saw their income fall by barely 1% … More Spain’s poor affected the most among OECD nations in financial downturn | World news | theguardian.com

New Left Project | Articles | Underestimating Capital, Overestimating Labour: A Response to Andrew Kliman

New Left Project | Articles | Underestimating Capital, Overestimating Labour: A Response to Andrew Kliman. What caused the 2008 economic crisis? In an article published earlier this year by Jacobin, the Canadian political economist Sam Gindin explained it as ‘a primarily financial crisis.’ Writing for New Left Project, Andrew Klimanrejected this analysis, arguing that, had the crisis really been mainly financial, … More New Left Project | Articles | Underestimating Capital, Overestimating Labour: A Response to Andrew Kliman

IMF Urges Redistribution To Tackle Growing Inequality

As usual, on the rare occasion that the IMF actually understands the destructive nature of austerity policies, it is too little too late. IMF Urges Redistribution To Tackle Growing Inequality. Washington – The International Monetary Fund (IMF) is wading strongly into the global debate over the impact of growing income inequality, offering a series of controversial … More IMF Urges Redistribution To Tackle Growing Inequality

The Disastrous Labor And Social Reforms In Spain

The Disastrous Labor And Social Reforms In Spain. By Vincente Navarro Spain, under pressure from the Troika (International Monetary Fund, European Commission and European Central Bank) has gone through three major labor market reforms, presented to the public as necessary in order to reduce the scandalous high level of unemployment: 25% in general and 52% … More The Disastrous Labor And Social Reforms In Spain

Radical Democracy and Collective Movements in Greece, Spain | Euro Crisis in the Press

Radical Democracy and Collective Movements in Greece, Spain | Euro Crisis in the Press. By Marina Prentoulis and Lasse Thomassen The 2011 movements of the squares, the ‘aganaktismenoi’ and ‘indignados’ as they came to be known in Greece and Spain respectively, brought to the forefront old and unresolved debates on the Left. During the crisis … More Radical Democracy and Collective Movements in Greece, Spain | Euro Crisis in the Press

How corporations and lawyers are scavenging profits from Europe’s crisis countries

 7 March 2014 Cecilia Olivet Profiting from Crisis is a story about how corporations, backed by lawyers, are using international investment agreements to scavenge for profits by suing governments from Europe’s crisis countries. It shows how the global investment regime thrives on economic crises, but is very uneven in who it benefits. While speculators making … More How corporations and lawyers are scavenging profits from Europe’s crisis countries

Fast Facts: Gender Social Inequality and Austerity in Europe

Originally posted on Revolting Europe:
Europe’s austerity fetish and longer term neo-liberal reforms promoted by Big Business, Governments and the EU Commission hurt women disproportionately. Here’s a few facts to illustrate the point. ? Europe wide  The gender pay gap is around 16% It ranges from more than a quarter (27%) in Estonia to around…

Creating radically democratic solutions to the financial abduction of Europe | openDemocracy

Creating radically democratic solutions to the financial abduction of Europe | openDemocracy. LOTTA TENHUNEN and ADRIÀ RODRIGUEZ 6 March 2014 Last weekend we participated in the European meeting and seminar The New Abduction of Europe -– Debt, War and Democratic Revolutions in Madrid. The meeting, organized by Fundacion de los Comunes in the framework of the network of museums L’Internationale, took place … More Creating radically democratic solutions to the financial abduction of Europe | openDemocracy

The Economics Of Social Democracy – Social Europe Journal

The Economics Of Social Democracy – Social Europe Journal. By John Weeks In a recent article in the Social Europe Journal Shayn McCallum develops in some detail his interpretation of the “political economy” of social democracy. Central to his approach is the work of Karl Polanyi, and specially the famous Chapter 6 of The Great Transformation, “The Self-regulating … More The Economics Of Social Democracy – Social Europe Journal