Can capitalism with a human face still work in today’s world? Or is the market system just eternally chasing its own tail in a never-ending cycle of crisis?
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Capitalism & Crisis
Everything on global finance and the world economy.
Talk of a fiscal union and austerity in Italy merely serves to entertain the financial gods by sacrificing the people. None of it will prevent ‘Eurogeddon’.
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The drive to stop foreclosures and squat bank property marks a radical shift from the occupation of public space to the public repossession of private property.
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Having pushed through “technocratic” regime change in Greece and Italy, the EU is paving the way for the diktak of an unaccountable clique of bankers.
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Deluded by the idea that financial risk can be controlled through quantitative models, the Masters of the Universe keep running themselves into the ground.
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Amid all the reactionary romanticism about the gold standard, let’s not forget about the enormous human suffering it induced — and is still inducing today.
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The way Europe has handled the Greek referendum is the clearest indication yet that European capitalism and national democracy are incompatible.
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There’s nothing more frustrating than watching this endless cycle of stupidity unfold. Sometimes it’s just more dignified to face death rather than fight it.
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While many people will demand the end of greed or corruption, the simplest and most straightforward demand would be for the fall of the system itself.
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Quando o sistema força pessoas comuns a se tornarem revolucionárias, você sabe que você não está mais no Fim da História. Você está bem na sua beirada.
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