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On the sequester as austerity policy (Blog)

  Over the centuries, lenders eventually figured out that if they punished borrowers unable to repay that would only further undermine their capacity to repay. So poorhouses and debtors prisons were abandoned (after countless millions were destroyed in the process) and bankruptcy procedures developed.   Over the 3 centuries of modern capitalism, employers finally figured out that if they pressed wages down too low, the masses could not buy what the capitalists had to sell.

Economic Update: Profit, Austerity and Criticizing the System

Updates on profit-driven scandals (horsemeat in Europe and fish in US); how long we work, Correa's anti-austerity victory in Ecuador, and getting public benefits for public investm

Interview with Greek newspaper Eleftherotypia

    It’s been five years since the global financial crisis of 2007-08, yet most advanced capitalist economies are either experiencing weak growth or are in recession. And then, of course, there are the peripheral nations in the euro zone which are in a deep depression. Are you surprised by the severity of the global crisis of 2007-08?   No. Decades-long developments in global capitalism prepared the conditions for a long and deep crisis.

Capitalism Becomes Questionable

originally appeared in MRzine   The depth and length of the global crisis are now clear to millions.  In the sixth year since it started in late 2007, no end is in sight.  Unemployment rates are now less than halfway back from their recession peak to where they were in 2007.  Over 20 million are without work, millions more limited to part-time work, millions have been foreclosed out of their homes.   Those who retain jobs suffer declining real wages, fewer benefits, reduced job security, and more work.

On Moyers & Company

Richard Wolff on Fighting for Economic Justice and Fair Wages February 22, 2013

Economist Richard Wolff joins Bill to shine light on the disaster left behind in capitalism’s wake, and to discuss the fight for economic justice, including a fair minimum wage.

Economic Update: "Where Profit Motive Leads"

  Updates on worker takeover of Greek factory, minimum wage debate, and European horsemeat scandal. Detailed analyses of Post Office cutbacks, economics of educational decline, and paying for war with taxes.

Interview with Jim Banks on KGNU

 

In Capitalist Crisis, Rediscovering Marx

  The rise, fall, and return of Marxian analyses Marxian analyses are now resurfacing in public dialogues about economy and society. Thirty years of systematic and often successful anti-Marxism agitation are fading in politics, the media, academia, and beyond. A new generation discovers and wrestles with the diverse richness of that tradition’s insights. Capitalist economic crisescontributed to Marx’s original insights and to their growing reception across the 19th and 20th centuries. Yet another crisis now renews broad social interest in Marxism.

Economic Update: "Lessons from Megabanks’ Megascandals"

  Updates on big bank misdeeds, internet provider monopoly, and social effects of unemployment. Critical analysis of proposal to break up big banks, capitalism and the tomato industry, and expose of real goals of austerity policies.

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