Geography Archives: Italy

DKK: Joan, because people know you as many things — as a theorist of gender, as a cultural historian, as an inveterate advocate for academic freedom and defender of the rights of the professoriate — I’m curious how you would describe yourself to someone who had never met Joan Scott. JWS: That’s really hard . […]

  An interactive cinematic experiment that reinterprets a shot from the film Umberto D by Vittorio de Sica, manipulating it in response to the attention that the viewer devotes to it.  Umberto D depicts Italy in 1952 in the middle of a deep recession, a mirror of the current economic crisis. Fernando Nabais, Project Manager, […]

  Paul Jay: So, first of all, your take on what the G-20 decided, this idea of cuts in Europe and North America and maybe some expansion in China.  And is there some alternative to this? Robert Pollin: Well, the notion of imposing austerity at a moment when we may — may — be slowly […]

The European public debt crisis, artificially created by the puritan obtuseness of German Chancellor Angela Merkel, has spread to even Japan.  In fact, Naoto Kan, the new prime minister, mentioned Greece in a speech in which he claimed to fear the collapse of the Japanese economy under a heavy public debt equal to 230 percent […]

Pacho Maturana, Colombian, a man of vast experience in these matters, says that football is a magic kingdom, where anything can happen.  The recent World Cup confirmed his words: it was a strange World Cup. Strange were the ten stadiums where the matches were held, beautiful, immense, which cost a fortune.  No one knows what […]

  The global crisis has led some to question the dollar’s place as the dominant currency.  This column discusses three camps in the literature: those advocating a new synthetic global currency, those arguing that a new reserve currency will emerge, and those suggesting a return to sharing the role.  It concludes that talk of the […]

Excerpt: The mechanisms of crisis Gains for German capital, losses for German workers and periphery i. Monetary union has imposed fiscal rigidity, removed monetary independence, and forced economic adjustment through the labour market.  Workers have lost share of output relative to capital in Germany and peripheral countries. ii. The German economy has performed poorly, with […]

  Martin Wolf described it as “a bloodbath.”  The Financial Times editorial called it a “chilling read.”  Britain’s budget is one of austerity, the likes of which has not been seen in generations.  A 25 per cent cut in public spending; a quarter of a million or more public sector jobs to be slashed.  It […]

  Caesarism.  Caesar, Napoleon I, Napoleon III, Cromwell, etc.  Compile a catalog of historical events which have culminated in a great “heroic” personality.  It may be said that caesarism is an expression of a situation in which the forces in struggle are balanced in a catastrophic way, that is, balanced in a way that continuation […]

Maziar Behrooz.  Rebels with a Cause: The Failure of the Left in Iran.  I.B. Tauris, 2000. The role of the left in the Iranian Revolution is complicated, what Frederic Jameson and Slavoj Žižek would call the ‘vanishing mediator’ of the event.  The fact that at their peak Iranian Marxists commanded the loyalty of millions, and […]

The global financial crisis that began in 2007 was clearly about money, credit, and finance.  For mainstream economists and politicians — from neoliberals like John B. Taylor at Stanford and Tony Abbott, through pragmatists like Barack Obama and Australian prime minister Kevin Rudd, to Keynesians and social democrats like Paul Krugman at Princeton and John […]

Prior to the 2008 US presidential election, in an essay entitled “What the Future Has in Store for Iran,” I predicted that regardless of who is elected president, the US foreign policy toward Iran will be determined largely by Israel and its various lobby groups in the US, especially the American Israel Public Affairs Committee […]

Not very long ago, one of the main concerns of the U.S. labor movement and left-liberals was winning the passage of a full employment policy at the federal level.  In fact, this goal was attained in 1978 when Congress passed and President Carter signed the Humphrey-Hawkins Full Employment Act, which ostensibly committed the federal government […]

The current turmoil in financial markets around the world is another illustration of the damage that can be done by a bloated and politically powerful financial sector, combined with finance ministers and central bankers who identify with this sector and have their own right-wing policy agenda. Welcome to Europe, which has become the epicenter of […]

Until recently, the discussion on global imbalances focused on the current account deficit of the US and the current account surplus of China, making this a bilateral rather than a multilateral problem.  As a result, the process of rebalancing was seen as involving adjustments in either or both of these countries, and not so much […]

Markets can be irrational, as Keynes famously pointed out, and the Eurozone/Greek crisis is a classic example.  “The markets” for months have been demanding more blood from Greece, as the financial press has continuously and often unquestioningly reported: more commitment to spending cuts, tax increases, and “procyclical” policies that the bondholders, EU authorities, and the […]

Perhaps the wild swings in financial and stock markets over the last week will make people give closer scrutiny to what is going on in Europe, which would be a good thing for the world.  According to most news reporting, markets are worried about a potential default by Greece on its sovereign debt, and the […]

The political conflicts and street battles in Greece today foretell what is coming to many countries including the US.  The struggles are basically over what the government spends on and who pays the taxes.  In today’s class-divided societies, classes differ over what governments should do and who should pay the taxes.  Governments in such societies […]

As I have noted previously, Latvia has experienced the worst two-year economic downturn on record, losing more than 25 percent of GDP.  It is projected to shrink further during the first half of this year, before beginning a slow recovery, in which the International Monetary Fund (IMF) projects that it will not reach even its […]

On April 22, as part of the global Earth Day celebrations, homes, offices, and public buildings in 14 Israeli cities turned out the lights for one hour in an effort to “increase awareness of the vital need to reduce energy consumption.”  The Earth Day celebrations included scenes of green fields, wind generators, and rainbows projected […]