Euro-Keynesianism?

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 […]

#spanishrevolution

News #spanishrevolution 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 […]

Lash out and cover up

Commentary Lash out and cover up Austerity nostalgia and ironic authoritarianism in recession Britain Owen hatherley Britain has reacted strangely to the crisis of neoliberalism. The country’s seemingly endemic nostalgia, particularly for the Second World War, has long been exploited by Thatcherites and Blairites; but its recent political use shows, in an especially acute form, […]

Alternatives to austerity

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 […]

The global capital leviathan

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 […]