Geography Archives: Greece

We the undersigned believe that there is a pressing need for an Audit Commission to examine Greek public debt.  Current EU and IMF policy to deal with public debt has entailed major social costs for Greece.  Consequently, the Greek people have a democratic right to demand full information on public and publicly-guaranteed debt. The aim […]

“Freedom lies behind a door closed shut,” the great Egyptian poet Ahmed Shawqi wrote in the last century.  “It can only be knocked down with a bleeding fist.”  More than that is bleeding in the Arab world at the moment. The uprisings we are witnessing in Egypt have been a rude awakening for all those […]

Paul Krugman does a very good job laying out the issues behind the euro zone crisis in his NYT Magazine piece.  There are two additional points that would have been worth noting. First, there are powerful forces who are working hard to prevent the partial or full Argentinification (partial default or a departure from the […]

Carlos Latuff is a Brazilian cartoonist.  Cf. “The year 2011 promises to be auspicious for the security industry.  On the 31st of December, the Greek government announced its intention to build, on the land border with Turkey, a barbed-wire wall to prevent entrance of migrants.  A few weeks before that, Israel began building a barrier […]

Once again it was the annual big weekend for German leftists of every conceivable persuasion.  It was also a weekend with tons of slush, the result of weeks of cold and snow now ending in thaw weather, but, in the eyes of most participants, also provided by most of the media. As every year, Sunday […]

Carlos Latuff is a Brazilian cartoonist. | Print

Dear Friends, On this New Year’s Day we are launching Vital Space — an NGO and website that intends to cast an artistic eye on the great issues of our troubled age. Instead of another empty New Year’s resolution, we decided to take the initiative of creating a platform from which we can all (you, […]

For the past few months global attention, especially in the international financial media, has been focussed on the eurozone.  The reasons are obvious.  The group of countries that make up the European Union together constitute the largest economy in the world.  Instability within it — which now seems inevitable, no matter how the current problems […]

Phases of Imperialism Lenin dated the imperialist phase of capitalism, which he associated with monopoly capitalism, from the beginning of the twentieth century, when the process of centralization of capital had led to the emergence of monopoly in industry and among banks.  The coming together (coalescence) of the capitals in these two spheres led to […]

In her excellent 2003 book Forces of Labor, Beverly Silver discerns within the history of capitalism an ongoing tension between the system’s simultaneous need for both profitability and legitimacy.  That is, it needs to ensure that capital can squeeze as much value as possible out of the workers while making sure that it doesn’t exploit […]

Once again, the two old wings of the political establishment do business as usual in Washington.  In the tax deal between Obama and the Republicans — passed with the help of a majority of Democrats — they all cut taxes, especially on the rich, and extended unemployment benefits.  In short, the government keeps spending mountains […]

  Michael A. Lebowitz will deliver the Fourth Annual Lecture in Memory of Nicos Poulantzas (“Building Socialism of the 21st Century: The Logic of the State”) on Wednesday, 8 December 2010, 7 PM, at the auditorium of the Goethe Institute (Omirou St. 14-16) in Athens, Greece. Mr. Lebowitz, is Marxism still relevant today?  I ask […]

Default, Debt Renegotiation and Exit When the Eurozone crisis burst out in early 2010, an RMF report identified three strategic options for peripheral countries, namely, first, austerity imposed by the core and transferring the costs of adjustment onto society at large, second, broad structural reform of the Eurozone in favour of labour and, third, exit […]

Have governments everywhere simply lost their marbles?  Not much emerged from the Seoul G-20 Summit — and definitely not anything really desirable in the form of coordinated Global Keynesian policies (of the kind that Matías Vernengo has advocated in the TripleCrisis blog).  But then, quite frankly, not much was really expected to come out, given […]

If the G-20 is going to be nothing more than a talking shop on economic issues, they ought to at least talk about the economic problems that really matter, and the ones that they can do something about.  Not that currency values don’t matter — they are actually very important.  And it is interesting to […]

It is now abundantly clear that each and every response by the eurozone (EZ) to the galloping sovereign debt crisis has been consistently underwhelming.  This includes the joint EZ-IMF operation, back in May, to “rescue” Greece and, in short order, the quite remarkable overnight formation of a so-called “special vehicle” (officially the European Financial Stability […]

Walls have a longstanding relation both with freedom from fear and subjugation to another’s will.  After 1945, walls acquired an unprecedented determination to divide.  They spread like a bushfire from Berlin to Palestine, from the tablelands of Kashmir to the villages of Cyprus, from the Korean peninsula to the streets of Belfast.  When the Cold […]

Introduction The IMF’s most recent World Economic Outlook (WEO) projects world economic growth will slow, from 4.8 percent in 2010 to 4.2 percent next year.  Throughout the report, there are numerous concerns expressed about the “fragility” of the global economic recovery.  The Acting Chair of the Executive Board states that “[t]he recovery is losing momentum […]

The demonstrations that have rocked France this past week highlight some of its differences from the United States.  This photo, for example, shows the difference between rioting in baseball-playing versus soccer-playing countries.  In the U.S., we would pick up the tear gas canister and THROW it — rather than kick it — back at the […]

Dietrich Wagner, 66, blinded by police, Stuttgart, 30.09.10 A retired engineer of 66 loses an eye, forced from its socket by water cannon at short range.  High school kids in an approved protest demonstration get beaten and excruciatingly blinded by pepper gas.  Over 400 people are injured in a major police attack, which failed completely […]