-
The Myths of Capitalism
There is a pervasive view that growth under capitalism, though it may worsen poverty, even absolute poverty, to start with, eventually leads to a lowering of poverty. The experience of the English Industrial Revolution is invoked in this context. There has been a huge debate among economic historians about the impact of the Industrial Revolution […]
-
Triplet Crises and the Ghost of the New Drachma
Much of the discussion surrounding the Greek crisis revolves around the probability and implications of a sovereign default and on whether the introduction of a national currency (which, for simplicity, we could call the new drachma) would help pull the Greek economy out of recession (see for example Manasse 2011 on this site). Less […]
-
The Libyan Example
Many countries, Iran and North Korea are among them, told us it was our mistake to give up, to have stopped developing long-range missiles and to become friendly with the West. Our example means one should never trust the West and should always be on alert — for them it is fine to change […]
-
U.S. Boat to Gaza Seized by Greek Authorities and Captain Jailed: Passengers Determined to Free Captain and Set Sail Again
After a two-hour standoff at sea, the U.S. Boat to Gaza The Audacity of Hope was seized by the Greek Coast Guard and forced to return to the port of Piraeus under military escort. The boat’s captain has been put in jail, charged with disturbing sea traffic — which includes endangering the lives of […]
-
The German Left Party Adopts Another Resolution on Israel and Anti-Semitism
The debate within the Left party, and outside it too, was hot and heavy. It took a dramatic turn on June 28th when its Bundestag members, in caucus, modified their controversial position of June 7th. Ever since its formation in 2007 this party has been under savage attack from all four other major parties. But […]
-
Sabotage of MV Saoirse in Turkey: ‘An Act of International Terrorism’
The Irish-owned ship, the MV Saoirse, that was meant to take part in Freedom Flotilla 2 has been sabotaged in a dangerous manner in the Turkish coastal town of Göcek, where it had been at berth for the past few weeks. Visual evidence of the undership sabotage, which was carried out by divers, will […]
-
Greece: Organize, Counterattack!
“The Peoples Have the Power and Never Surrender. Organize, Counterattack!” was the slogan written in Greek and in English on the banner that the All Workers’ Militant Front (PAME) hung from the Acropolis on 27 June, on the eve of the 48-hour strike against the barbaric anti-people measures of the social-democratic government, the EU, and […]
-
The Greek Crisis: Uttering the Other “D Word”
Default is not the dirty word that nobody wants to say. Almost everybody now accepts that Greece will default. Several people will prefer to use the euphemism of “re-profiling debts,” but we all know what it means. The interesting thing is that at least some authors, like Martin Wolf in a recent Financial Times […]
-
A Resurgence of Nuclear Power Poses Significant Challenges
Advocates of nuclear power are promoting a “nuclear renaissance” based on claims that a new generation of reactors will produce relatively cheap electricity while solving the threat posed by global climate change. U.S. power producers have proposed building more than 30 new nuclear reactors — and some proponents have called for building as many as […]
-
Revisiting Alleged 30 Million Famine Deaths during China’s Great Leap
Thirty years ago, a highly successful vilification campaign was launched against Mao Zedong, saying that a massive famine in which 27 to 30 million people died in China took place during the Great Leap period, 1958 to 1961, which marked the formation of the people’s communes under his leadership. The main basis of this assertion […]
-
Is the U.S. Government Prepared for a Greek Debt Default?
The European authorities are playing a dangerous game of “chicken” with Greece right now. It is overdue for U.S. members of Congress to exercise some oversight as to what our government’s role is in this process, and how we might be preparing for a Greek debt default. Depending on how it happens, this default could […]
-
The Right to Be Lazy
Instead of taking advantage of periods of crisis, for a general distribution of their products and a universal holiday, the laborers, perishing with hunger, go and beat their heads against the doors of the workshops. With pale faces, emaciated bodies, pitiful speeches they assail the manufacturers: “Good M. Chagot, sweet M. Schneider, give us work, […]
-
Turkey Cools Down Tempers over Syria
As Monday dawned, Turkey kept its fingers crossed in keen anticipation of the nationwide address by President Bashar al-Assad on the situation in Syria. Ankara sent an open message ahead of Assad’s speech that if he failed to announce reforms even in a third attempt, he would “miss a big chance” to preserve power. Turkey […]
-
The System
Eneko Las Heras, born in Caracas in 1963, is a cartoonist based in Spain. The cartoon above was first published on his blog . . . Y sin embargo se mueve on 20 June 2011. Cf. Victor Mallet, “Spain Protesters Turn Anger against Brussels” (Financial Times, 19 June 2011); Paula Díaz and Ana Requena, “El […]
-
All These People
“Where did all these people come from?” “Who cares! Don’t stop. They don’t belong to our circles.” Juan Ramón Mora is a cartoonist in Barcelona. This cartoon was first published in his blog on 19 June 2011 under a Creative Commons license. Translation by Yoshie Furuhashi (@yoshiefuruhashi | yoshie.furuhashi [at] gmail.com). Cf. Victor Mallet, […]
-
Debtocracy
In March 2011, a group of people from different political backgrounds took the initiative to demand the formation of an Audit Committee in Greece. Academics, writers, artists, union representatives all over the world supported this initiative. The Audit Committee will find which parts of the debt are odious or illegitimate and will prove that, […]
-
Greek Protesters Are Better Economists Than the European Authorities
Imagine that in the worst year of our recent recession, the United States government decided to reduce its federal budget deficit by more than $800 billion dollars — cutting spending and raising taxes to meet this goal. Imagine that, as a result of these measures, the economy worsened and unemployment soared to more than 16 […]
-
Workers in Neocapitalist Romania
David A. Kideckel. Getting By in Postsocialist Romania: Labor, the Body, and Working-Class Culture. Bloomington: Indiana University Press, 2008. xii + 266 pp. $65.00 (cloth), ISBN 978-0-253-34957-6; $24.95 (paper), ISBN 978-0-253-21940-4. During the last twenty years, Romanian mass media and most Romanian intellectuals have typically portrayed the miners of the Jiu Valley in Romania […]
-
Iraq: It’s Still about Oil
Provocative suggestion: Obama’s increasingly desperate efforts to abrogate Bush’s Dec 31 withdrawal deadline and continue the military occupation may reflect, among other considerations, the need to protect the US drilling companies’ business. . . . American drilling companies stand to make tens of billions of dollars from the new petroleum activity in Iraq long before […]
-
Greece
Eneko Las Heras, born in Caracas in 1963, is a cartoonist based in Spain. The cartoon above was first published on his blog . . . Y sin embargo se mueve on 17 June 2011. Translation by Yoshie Furuhashi (@yoshiefuruhashi | yoshie.furuhashi [at] gmail.com). Cf. “Varoufakis Says Greece’s Papandreou ‘On His Last Legs’” (Bloomberg, 16 […]