Geography Archives: Italy

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 […]

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 […]

The current global capitalist crisis began with the severe contraction in the housing markets in mid-2007.  Welcome to Year Five.  A usual inventory of where things stand begins with the good news: the major banks, the stock market, and corporate profits have largely or completely “recovered” from the lows they reached early in 2009.  The […]

There is no doubt about it.  The wind that has electrified the Arab world in recent months, the spirit of the repeated protests in Greece, the student struggles in Britain and Italy, the mobilizations against Sarkozy in France . . . has come to Spain. These are not days of “business as usual.”  The comfortable […]

  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 […]

On April 9, Vittorio Arrigoni — Vik to us — wrote to me in an e-mail that “I will go out immediately after this shame” ends.  The “shame” was Israel’s latest flurry of F-16-delivered explosives that landed on the inhabitants of the Gaza Strip. On April 14 at noon I learned of Vik’s abduction at […]

  Cf. Egidia Beretta Arrigoni, “Vittorio non è mai stato così vivo come ora” (Il Manifesto, 17 April 2011); “The mother of pro-Palestinian activist Victorio Arrigoni reaffirmed that his body should not return via Israel. . . . Egidia Beretta replied that ‘Israel did not want him when he was alive and won’t have him […]