Geography Archives: Italy

Hurray!  Merkel won the day!  It took a long night of backroom bargaining, but except for that Tory, David Cameron, all European Union members agreed to save the euro, save the economy, save the world!  It had been on the brink of disaster, Sarkozy warned on the eve of the meeting: unless we reach agreement […]

Victor Nieto is a cartoonist in Venezuela.  Cf. Vitaly Churkin, “Russia Against Any Sanctions on Syria” (2 December 2011); “Done Deal: Russia Supplies Cruise Missiles to Syria” (RT, 2 December 2011). var idcomments_acct = ‘c90a61ed51fd7b64001f1361a7a71191’; var idcomments_post_id; var idcomments_post_url; | Print

  General strikes were common in Europe and in the U.S. towards the end of the nineteenth century and in the first decades of the twentieth century.  They provoked great debates within the labor movement and within the revolutionary parties and movements (anarchist, communist, socialist). Much discussed were the importance of the general strike in […]

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 […]

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 […]

  The Social Economy Context The Occupy Wall Street (OWS) movement has clearly expressed the hopes and great potentialities of the working class both in the U.S. and globally.  The 99 percent are speaking up and saying that they will no longer do the bidding of the 1 percent.  In essence it is the revolt […]

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, […]

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 […]

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 […]

  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 […]

  Is current U.S. foreign policy in Africa following a blueprint drawn up almost eight years ago by the right-wing Heritage Foundation, one of the most conservative think tanks in the world?  Although it seems odd that a Democratic administration would have anything in common with the extremists at Heritage, the convergence in policy and […]

  At its peak, the 26 of July Movement had some 300 fighters, ill fed and poorly armed, bitten by mosquitoes and accompanied by the rain.  Against them, Gen. Fulgencio Batista mobilized an army, a navy, an air force, a coast guard, and the Rural Guard, aside from a network of spies and irregular bands […]

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 […]

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 […]

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 […]

It would have been worth reminding readers that the debt crisis in Italy and other euro zone countries is first and foremost a political crisis.  The European Central Bank (ECB) can just print euros which can be used to address any potential default risk among its member countries.  There would be little obvious economic downside […]

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 […]

Merkel just wouldn’t let the cat out of the bag.  In the first days after the arms sale scandal began, her front seat in the Bundestag was conspicuously empty.  When she finally did show up she wore a sour look but said not a word.  The decision made and any reasoning behind it were highly […]

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 […]

  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 […]