Category Archives: Economics

CULLING THE MIDDLE CLASSES.

Round one. The last three decades of hegemony by neo-liberal economists and their political allies have seen the ruthless devastation of the organised working class and the virtual annihilation of the small business class – in all advanced capitalist countries. … Continue reading

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‘TRIPLE DIP’-STICKS. (et al)

This week, (ending 27 April) newspapers and TV media have been full of rose-tinted chatter concerning the UK statistical office quarterly announcements. Apparently a ‘triple dip recession’ has been avoided. Bravo! We are all supposed to cheer. The three stooges … Continue reading

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THE UN-BEAUTIFUL GAME.

Shirt-pulling, tripping, elbowing, foot-stamping, punching, kicking, holding, cheating, studs-up leg attacks, racial abuse – and that’s only on the pitch! Now ‘biting’ has been added to the ‘professional fouls’ incorporated into the self-styled beautiful game. Off the pitch, punching, racist … Continue reading

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HUMANITY AT A CROSS-ROADS.

Social production – the real foundation of humanity. To be really radical is to grasp things at their root and this is an absolutely necessity in the current economic and financial crisis. In this context, it can hardly be denied … Continue reading

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DAYLIGHT ROBBERY IN CYPRUS.

Cyprus Bank Robbery – an inside job! It used to be that large-scale bank robberies were committed by the organised criminal underground, breaking into banks, holding the bank staff at gunpoint and stealing as much cash as they could stuff … Continue reading

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ZOMBIES AND VAMPIRES.

Although they are not real economic categories, the first of the above two words, has surfaced in recent economic and financial discussions. Given this attempt to popularise complex economic phenomena, I think there is enough room to include the second. … Continue reading

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EGYPT and TUNISIA.

A) Politics is still the problem. The current situation in Egypt and Tunisia demonstrates the utter failure of reformist measures (as elsewhere) to solve the problems facing the mass of the people of these two countries. The fundamental aspirations of … Continue reading

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AUSTERITY: IT’S ANOTHER WORD FOR WAR.

1) The attack is already under way. Globally, the troops have been prepared, the weapons sharpened, the strategic headquarters of capitalism have been readied, the national command centres have been briefed and the local field marshals are on the alert. … Continue reading

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DEFENDING PUBLIC SERVICES.

It is true that many of the public services in Europe, America, the UK and elsewhere are badly managed, some are corrupt, and others divisive. It is also true they were set up by bourgeois governments committed to the capitalist … Continue reading

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CRISIS! SO WHAT ELSE CAN WE DO?

Among the anti-capitalist left there has been much debate of what is an appropriate course of action in the present circumstances of developing capitalist crisis. A great deal of conflict exists together with considerable impatience. Discussions and debates among the … Continue reading

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