Capitalism & Crisis

Everything on global finance and the world economy.

Post image for Why does Greece not simply get it over with and default?

History has shown that defaulting countries tend to fall harder but recover faster. So why does Greece’s left-led government not simply get it over with?

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Post image for Fight for $15 marks a new era of workers’ struggle in the US

The struggle for fair pay is establishing itself as a successor to failed trade union strategies and a key node in the emerging social justice movement.

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Post image for Turkey’s unions are dead, long live the cooperative?

Accidents, killings, massacres: Turkish labor unions are helpless as thousands of workers die every year, while their bosses are shielded by the state.

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Post image for Monster bubbles: the delayed crisis of capitalism resurfaces

Seven years since the bursting of a US housing bubble led to financial meltdown, investors and policymakers are already well on their way to the next.

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Post image for Ponzi property: the neoliberal delusion of homeownership

The dream of homeownership has led many in the US and UK to buy into a Ponzi scheme of epic proportions. How much longer can the scam be maintained?

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Blockupy protesters crash ECB housewarming party

by Jerome Roos on March 19, 2015

Post image for Blockupy protesters crash ECB housewarming party

Thousands converged upon Frankfurt to block the celebration of power and take the resistance to austerity into the heart of the European crisis regime.

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Ending austerity in Greece: time for plan B?

by Jerome Roos on February 26, 2015

Post image for Ending austerity in Greece: time for plan B?

Syriza’s “head-long retreat” in the standoff with its creditors hails the failure of Tsipras’ pro-euro strategy. It’s time to start preparing for Grexit.

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Glezos denounces Greek loan agreement as “illusion”

by Manolis Glezos on February 22, 2015

Post image for Glezos denounces Greek loan agreement as “illusion”

Syriza’s most senior politician, the 94-year-old war hero and MEP Manolis Glezos, opposes his party’s decision to extend the Eurozone bailout program.

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Post image for Syriza will have to choose between Scylla and Charybdis

Greece’s leftist government will soon have to confront a critical question: will it accept its creditors’ demands, or will it take unilateral action?

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HSBC and the upside-down world of austerity politics

by Jerome Roos on February 12, 2015

Post image for HSBC and the upside-down world of austerity politics

While the wealthy evade billions in taxes, ordinary citizens continue to bear the burden of budget cuts. Meanwhile, those who resist are punished for it.

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