Geography Archives: Ireland

  • 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 […]

  • 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 […]

  • Jamaica Remains Buried Under a Mountain of Debt, Despite Restructuring

    As the eurozone authorities move closer to accepting the inevitable Greek debt default/restructuring, there are some who have pointed to the Jamaican debt restructuring of last year as a model.  It’s hard to imagine a worse disaster for Greece.  It is worth a closer look at what has been done to Jamaica, not only as […]

  • Why the Euro Is Not Worth Saving

    The Euro is crashing today to record lows against the Swiss Franc, and interest rates on Italian and Spanish bonds have hit record highs.  This latest episode in the Eurozone crisis is a result of fears that the contagion is now hitting Italy.  With a two-trillion dollar economy and $2.45 trillion in debt, Italy is […]

  • 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 […]

  • 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 […]

  • European Integration at the Crossroads: Deepening or Disintegration?

      Are the member states of the Eurozone responsible for the Euro crisis the ones having problems servicing their debt?  The majority of people in Europe believe that this is the case.  Therefore, indebted countries like Greece, Portugal and Ireland must subject themselves to a brutal austerity program of savage cuts in welfare spending, diminishing […]

  • When Push Comes to Shove? Exposing the Empty Threat to Kick Greece Out of the Eurozone

    A sword of Damocles, we are told, is hanging over Greece.  Even the Greek EU commissioner says that Greeks must accept that their country will be run, nay micromanaged, by a committee of foreign creditors, or else Greece will be kicked out of the eurozone. This threat is found upon a flagrant lie.  Greece cannot […]

  • Regaining Vision

      Address to the Conference “Debt and Austerity: From Southern Countries to Europe,” Athens, Greece, 6-8 May 2011 Honorable guests, Dear participants, Comrade activists, Fellow fighters, The Greek initiative for the establishment of a Committee for the Accounting Audit of Its Public Debt welcomes you to this very important three-day event for the exchange of […]

  • An Independent Citizens’ Debt Audit for Ireland

      Introduction We, the undersigned, are sponsoring a citizens’ debt audit for Ireland.  In the interest of transparency, we wish to know how the Irish debt — especially the bank debt for which the state has assumed responsibility — was incurred and to whom it is owed.  We sponsor this audit as organizations that have […]

  • Statement of Principles and Call for International Trade Union Support for BDS

      Occupied Palestine, 4 May 2011 — In commemoration of the first of May — a day of workers’ struggle and international solidarity — the first Palestinian trade union conference for boycotts, divestment and sanctions against Israel (BDS) was held in Ramallah on 30 April 2011, organized by almost the entirety of the Palestinian trade […]

  • The Euro Crisis as a Twin Recycling Problem: A New Rationale for the “Modest Proposal”

    1. Introduction: The Twin Recycling Problems in Brief

    Europe’s crisis is caused by its institutional failure to confront two recycling problems: a debt recycling problem and a surplus recycling problem.

  • From Places Like Mine and Yours

    On the progressive potential of small, quasi-autonomous states (like Scotland, Ireland, Greece, Portugal, etc.). . . . The strong Scottish accent was conspiring with the noisy pub background to make it difficult for me to understand the words spoken in my ear by an imposing trade union figure.  Thankfully, I managed to decipher his words, […]

  • Standard and Poor’son Riskiness of US Debt

    On April 18, Standard and Poor’s (S&P), one of three “rating companies” that control that industry, revised its outlook on the safety of long-term US debt from “stable” to “negative.”  There are only two reasonable reactions to this announcement, although the usual business and political leaders are promoting their usual spins. We may dispense quickly […]

  • It’s the (German) Banks, Stupid!

    Or what’s behind Germany’s hesitant statements on Greek debt restructuring, Ireland’s move against subordinated bondholders, and the ECB’s stance on interest rates. . . . Europe is at it again, trying to pretend that it has stemmed the tide of insolvency through its program of lending huge amounts of money (at high interest rates) to […]

  • The Scorecard on Development, 1960-2010: Closing the Gap?

    Executive Summary: This paper is the third installment in a series (the first and second editions were in 2001 and 2005) that traces a long-term growth failure in most of the world’s countries.  For the vast majority of the world’s low- and middle-income countries, there was a sharp slowdown in economic growth for the two […]

  • Congratulations to the People of Iceland!

      10 April 2011 Congratulations to the people of Iceland! The Repudiate the Debt Campaign welcomes and applauds the decision of the people of Iceland to reject the bank bail-out that would subsidise the wealthy elite.  They showed great courage in rejecting the terms and conditions and in resisting the pressure from the European Union […]

  • Joint Statement of 58 Communist and Workers’ Parties against Imperialist Aggression in Libya

    The imperialist killers headed by the USA, France, Britain and NATO as a whole and with the approval of the UN started a new imperialist war.  This time in Libya. Their allegedly humanitarian pretexts are completely misleading!  They throw dust into peoples’ eyes!  Their real goals are the hydrocarbons in Libya. We, the Communist and […]