Posts Tagged ‘economics’
A Bit Rich
A quick post on the current climate change conference taking place in Copenhagen. Governments have come together to discuss the necessary cuts in CO2 emissions to ensure the sustainability of our environment. All the focus has been on the US, Chinese, Indian and EU proposals as these nations are regarded as among the largest emitters of green [...]
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Tags: climate change, copenhagen, developing nations, economics, gaia, lovelock, politics
Oxford & City University of New York Marxist Geographer David Harvey on why class analysis and class consciousness is as critical as ever;
Filed under: economics, politics | Leave a Comment
Tags: capitalism, class, class struggle, david harvey, economics, marx, marxism, politics
(Gold platted) Brass Neck
From The Financial Times 9/09/09;
“Seventy-two City bankers are suing Dresdner Kleinwort and Commerzbank for £29 million of unpaid bonuses in the biggest case of its kind in the UK.
The lawsuit, filed yesterday in the High Court, is the latest sign that bankers are ready to fight for their pay packets in spite of public [...]
Filed under: economics, politics | 1 Comment
Tags: bankers, banking, bonuses, commerzbank, economic crisis, economics, finance, financial sector, lawsuit, politics, The city
Continuing the ‘Slash & Burn’ series highlighting the phenomena in which the poorest sections of society pay for market crises and corporate failures, we now turn to California, who’s governor is already implementing his own form of economic ’shock therapy’.
Rather than increase personal taxes of the wealthiest or corporations, the state’s government has decided to cut [...]
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Tags: budget, california, class warfare, cuts, economics, news, Obama, politics, public spending, tax
Engels on Boom & Bust
Reading Friedrich Engel’s ‘Socialism: Utopian & Scientific‘ (a highly readable pamphlet on the follies of Utopian Socialism and the development of scientific Socialism by Marx), I came across a prescient paragraph which describes the rise and fall of the global capitalist economy as well now as it did in 1880;
“As a matter of fact, since [...]
Filed under: History, economics, politics | 1 Comment
Tags: boom and bust, capitalism, economic crisis, economics, engels, marx, philosophy
The following video clips are of an interesting interview with political economist Paul Engdahl speaking about the current economic recession and possible depression and it’s likely outcomes.
Check out part 1 of the interview-
“In this first segment of the interview, Paul Jay discusses how the global economic crisis will impact Europe with author and political economist [...]
Filed under: news, politics | 1 Comment
Tags: British economy, current affairs, depression, economics, EU, news, politics, recession, US economy
These men are the embodiment of capitalism at its most rampant, self deluding and greedy. Perhaps write them a nice letter and ask them where your pension fund went.
Filed under: news, politics | 1 Comment
Tags: capitalism, economic crisis, economics, greed, news, politics
Shock Therapy
As anyone who has read Naomi Klein’s thesis ‘The Shock Doctrine: The rise of disaster capitalism’ will be aware, the wealthy international and national political elites (generally based in The City of London and Wall Str of New York) often use periods of crisis and emergency to implement policies the general public would not usually [...]
Filed under: life, news, politics | 1 Comment
Tags: economic crisis, economics, financial times, naomi klein, news, politics, shock, shock doctrine
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