Geography Archives: Spain

  • Alternatives to Fiscal Austerity in Spain

    Executive Summary: This paper looks at the planned austerity measures in Spain, the rationale for the spending cuts and tax increases, likely outcomes for future debt-to-GDP ratios, and the probable results of alternative policies. It is widely believed that Spain got into trouble because of the over-expansion of government spending.  However, during the economic expansion […]

  • Productivity Is Up, So Why Cut Social Programs?

      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 Magic Kingdom

    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 […]

  • Exploiting “Crisis” to Crush Labor

    One thing should be made clear about the situation in the Eurozone economies that is not clear at all if we rely on most of the news reports.  This is not a situation where countries face a “dilemma” because they have overspent and piled up too much public debt.  They do not face “tough choices” […]

  • The Boss, the Union, and the Government

    The boss commits a violent foul play against the union.  See which side the government red cards. Eneko Las Heras, born in Caracas in 1963, is a cartoonist based in Spain.  This cartoon was published on his blog . . . Y sin embargo se mueve on 14 June 2009.  Translation by Yoshie Furuhashi (@yoshiefuruhashi […]

  • Eurozone Crisis: Beggar Thyself and Thy Neighbour

    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 […]

  • Honduras: One Year after the Coup, Washington Continues to Fight against Democracy

    At dawn one year ago, on June 28, soldiers invaded the home of Honduran President Mel Zelaya and flew him to Costa Rica.  It was a frightening throwback to the days when military men, backed by a local oligarchy and often the United States, could overturn the results of democratic elections. It would also turn […]

  • Coup Leaders

    Eneko Las Heras, born in Caracas in 1963, is a cartoonist based in Spain.  This cartoon was published on his blog . . . Y sin embargo se mueve on 1 July 2009.  Honduran President Manuel Zelaya Rosales was overthrown by the US-backed military coup of 28 June 2009.  “During the six months of the […]

  • Labor Market Flexibility

    Eneko Las Heras, born in Caracas in 1963, is a cartoonist based in Spain.  This cartoon was published on his blog . . . Y sin embargo se mueve on 23 June 2010.  Translation by Yoshie Furuhashi (@yoshiefuruhashi | yoshie.furuhashi [at] gmail.com). | Print

  • About South of the Border

      Listen to Amy Goodman’s interview with Oliver Stone and Tariq Ali: Oliver Stone: So, Chávez was sort of a natural [as a subject for his work] because he is such a demonized, polarizing figure, but when I met him, it was not at all what I thought, you know, what we made him out […]

  • You Can’t Eat a Collateralized Debt Obligation: Why Money Doesn’t Make the World Go Round

    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 […]

  • Managing the Euro: Mission Impossible!

    1.  No state, no money.  Together, a state and its currency constitute, under capitalism, the means to manage the general interest of capital, transcending the particular interests of competing segments of capital.  The current dogma that imagines a capitalist system managed by the “market,” i.e. without the state (reduced to its minimal functions of ensuring […]

  • Don’t Let Deficit Demagogues Scare You into Accepting Austerity

    The U.S. and European Union together make up about half of the global economy, and recovery is quite uncertain in both of these big economies.  Contrary to a lot of folk wisdom and political posturing, the problem is not irresponsible government spending in either case, but a lack of commitment by the authorities in both […]

  • The Other Fateful Triangle: Israel, Iran, and Turkey

    The thunderous events set in motion by Israel’s storming of the Mavi Marmara, the lead ship in the peace flotilla challenging the blockade of Gaza, have thrown important light on the overall situation in the Middle East.  Turkey has emerged as the major protagonist among the forces that support the Palestinian cause.  This is extremely […]

  • Spain at World Cup

    General strike, benefit cuts, pension freezes, starvation, wars?  Crisis, what crisis? Repeat after me: We Can Win the World Cup!  We Can Win the World Cup!  We Can Win the World Cup!  We Can Win the World Cup!  YES WE CAN! Juan Kalvellido, born in Cádiz, Andalucía, Spain in 1968, is a working-class cartoonist who […]

  • Rock

    Rock! Eneko Las Heras, born in Caracas in 1963, is a cartoonist based in Spain.  This cartoon was published on his blog . . . Y sin embargo se mueve on 28 May 2010.  Translation by Yoshie Furuhashi (@yoshiefuruhashi | yoshie.furuhashi [at] gmail.com). | Print

  • No Justice, No Euro!

    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 […]

  • Revisiting Global Imbalances

    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 […]

  • UNASUR: An Emerging Geopolitical Force

    Earlier this month, as the US loudly complained about Venezuela’s decision to purchase arms from Russia, South America’s ministers of defense came together in Guayaquil, Ecuador and put the finishing touches on an agreement to develop common mechanisms of transparency in defense policy and spending.  The agreement, which also calls for the creation of a […]

  • Spain: The Cut

    Zapatero: Not to worry!  Conversely, if you workers provoke an economic crisis someday, we’ll make them pay for it. Bernardo Vergara is a Spanish cartoonist.  This cartoon was published in Territorio Vergara (a blog of Público) on 13 May 2010; it is reproduced here for non-profit educational purposes.  Translation by Yoshie Furuhashi (@yoshiefuruhashi | yoshie.furuhashi […]