Geography Archives: Greece

  • Political Crisis in Italy and Greece: Marx on ‘Technical Government’

    In recent years Marx has again been featuring in the world’s press because of his prescient insights into the cyclical and structural character of capitalist crises.  Now there is another reason why he should be re-read in the light of Greece and Italy: the reappearance of the ‘technical government’. As a contributor to the New […]

  • Debunking the Greek (and European) Crisis Narrative

    In a recent debate the candidates for the Republican presidential nomination treated cutting the deficit as the panacea that would address the European crisis and prevent the United States from having a similar fate.  This diagnosis is wrong but it is unfortunately not unique to the Republicans in this country.  In fact, it is this […]

  • Lessons from a Long History of Dissent: From the Early Twentieth Century to Occupy Wall Street

    World Peace Forum Teach-In, Vancouver, Canada, November 12, 2011 (Modified from Notes) We are at what social theorists call a “historic moment,” in which real change suddenly seems possible.  It is therefore all the more important to learn from past struggles.  One of the first lessens of a long history of dissent from the early […]

  • Referendum

    “True, people may be consulted via a referendum!  But . . . what if they vote the wrong way?” “Then, it definitely falls to us to fix the damage!” Juan Kalvellido is a Spanish cartoonist.  Translation by Yoshie Furuhashi (@yoshiefuruhashi | yoshie.furuhashi [at] gmail.com).  Cf. Greece; “Amazing!  These lawmakers absolutely refuse to listen to the […]

  • Occupy Wall St, Occupy Uruguay, Occupy Manila International Airport

    In my last posting on #OWS, I related a series of conversations I’d had with global trade union activists on their perceptions of #OccupyWallSt.  After the article appeared, several global labor activists contacted me with follow-up and feedback.  Steve Faulkner, an International Officer at the South African Municipal Workers Union (SAMWU), wrote to say that […]

  • Message of Support to Workers in Greece on the Eve of the 48-hour General Strike

    We follow the struggle of the class-oriented labour movement in Greece. The struggle of PAME constitutes an integral part of our own struggle.  We express our solidarity with the strike of 48 hours, in this battle and struggle against the barbaric measures that are being promoted in Greece, such as the abolition of collective agreements, […]

  • Europe in Crisis: Interview with Yanis Varoufakis

      “My experience of the last year and half during the acceleration of this crisis is that the worst enemy of reason and progress are social democratic parties.  I say this painfully.  There’s no glee in this statement.”  — Yanis Varoufakis The Mess We’re In . . . The Future of Greece A Solution to […]

  • How to Make an Ecosocialist Revolution

    Meetings such as this play a vital role in building a movement that can stop the hell-bound train of capitalism, before it takes itself and all of humanity over the precipice.  Building such a movement is the most important thing anyone can do today — so I’m honored to have been invited to take part […]

  • Before October: The Unbearable Romanticism of Western Marxism

    Most Western Marxists suffer from a deep resentment: they have never experienced a successful communist revolution.  For some unaccountable reason, all of those successful revolutions have happened in the ‘East’: Russia, Bulgaria, Romania, Yugoslavia, Hungary, Czechoslovakia, Poland, China, Vietnam and so on.  And none of the few revolutions in the ‘West’, from Finland to Germany, […]

  • European Conference Declaration

      After a day of intensive debate, analysis and planning for cooperation and action, the Europe against Austerity Conference heard Coalition of Resistance Secretary Andrew Burgin propose the following Declaration, on behalf of the European Preparatory Committee.  The Declaration was unanimously endorsed by the Conference which was attended by over 600 people: This European conference […]

  • Germany’s Euro Trilemma: Interview with Yanis Varoufakis

    Yanis Varoufakis is a prestigious economist who heads the Department of Economic Policy at the University of Athens.  From 2004 to 2007 Varoufakis served as economic adviser to George Papandreou.  Author of several books on Game Theory, Varoufakis is also a recognized speaker and often appears as guest analyst for news media such as the […]

  • Can BRICS Help Europe?

    Last week Brazilian Finance Minister Guido Mantega proposed that the BRICS countries offer help to Europe, either through the International Monetary Fund (IMF) or by buying up European bonds.  I can understand the sentiment: The European authorities have created a financial crisis that is already slowing the world economy and could potentially have even worse […]

  • WFTU: ‘Support People, Oppose Imperialist Interference in Arab Countries’

      The World Federation of Trade Unions (WFTU) organised on September 13-14 a two-day international trade union meet in the European Parliament complex in Strasbourg, France, to express solidarity with the fighting people of Arab countries and voice strong protest against the hegemonic interference of US imperialism and its European allies in the internal affairs […]

  • Austerity versus Stimulus

    It is obviously silly to push for austerity in the midst of a recession, not just silly but cruel, since it prolongs the pain of unemployment.  The recession is caused by a deficiency of aggregate demand.  To overcome it what is necessary is an increase in demand which requires larger expenditure.  Since private expenditure on […]

  • Austerity Politics Descends on US States

    Last week, Democratic Governors in New York and Connecticut repeated the austerity politics of Greece’s Prime Minister Papandreou and Portugal’s Socrates.  In doing so, they likewise imitated the austerity politics of their Republican and Democratic counterparts across virtually all 50 states.  Austerity for labor and the public is everywhere capitalism’s Plan B.  After all, even […]

  • The “Debt Crisis” Myth

    The prevailing understanding of economic troubles in the U.S. and Europe, the world’s two largest economies, is mistaken in a number of ways.  First: Imagine that you are driving a car down a road packed with snow and ice and you are worried about an accident.  At the same time you are ignoring the fact […]

  • What Sent the Stock Market Tumbling? It Wasn’t the S&P Downgrade

    Time to beat up on really, really bad news reporting.  The stock market doesn’t tell people why it does what it does.  We have commentators who bloviate on what they think caused the market to rise or fall, but they don’t really know and they could be completely wrong. That is why it was incredibly […]

  • “Living within Our Means” and Standard and Poor’s Downgrade

    The President, Senators, Congresspersons, media representatives, and many ordinary people speak often, these days, about Washington “learning to live within our means.”  Last Friday, the private rating company, Standard and Poor’s (S&P), said the riskiness of lending to the US had risen because the US was not living within its means (i.e. borrowing too much).  […]

  • The Struggle against Stupidity: European and U.S. Governments Continue Wrecking Their Economies

    All money managers’ eyes were on the U.S. jobs report this morning after the U.S. stock market yesterday suffered its biggest drop since 2009 and panic surged through financial markets worldwide.  The headline numbers were not as bad as many had feared: the U.S. economy added 117,000 jobs in July and the unemployment rate edged […]

  • Sense and Nonsense in the Balanced Budget Debate: A Socialist Response

      The Republicans have successfully changed the main emphasis of the economic debate from job creation to deficit control.  Why the urgency for balanced budgets?  After all, this anemic “recovery” has set itself apart from all previous post-war turnarounds precisely by its manifest failure to generate jobs.  Economic growth needs to considerably exceed 3% per […]