'Financial Crisis' tag archive

Euro-Keynesianism? The financial crisis in Europe Engelbert stockhammer Financial collapse is haunting Europe. The most immediate fear is that a small European state might default on its government debt, but several large European banks might go bust because of a deflated real-estate bubble in Southern Europe. Brutal austerity policies have been imposed on countries that […]

You might have read this May that there were protests in Spain. This is hardly earth-shattering news. Social unrest in the countries so endearingly named the PIGS has been rife since the European Union (EU) departed from its early policy of public-spending its way out of the crisis, to offer them a grim choice between […]

This three-day meeting, hosted by the Italian activist collective Edu-factory, attracted 300–400 university students, faculty, community leaders and activists from across Europe, as well as from Tunisia, Russia, Ukraine, Canada, the United States and Chile. It sought to provide a forum for groups to meet and share strategies of resistance against the current sweep of […]

individual capitalists and investor groups but from the juggernaut that is the inextricably entangled mass of global capital. Such a role could only come about under a change in the worldwide correlation of class and social forces in favour of popular and working classes. Yet mass socialist and worker movements, although they are burgeoning, are […]

Alternatives to austerity The need for a public utility finance system Robin blackburn The Great Credit Crunch of 2007–10 was, it is almost universally agreed, brought about by the irresponsibility and greed of bankers. But the huge public deficits needed to prevent a meltdown of the financial system are to be paid for by slashing […]

Commentary The global capital leviathan William i. Robinson The money mandarins of global capitalism and their political agents are utilizing the global crisis to impose brutal austerity and attempting to dismantle what is left of welfare systems and social states in Europe, North America and elsewhere. The budgetary and fiscal crises that supposedly justify spending […]