The two opponents facing off in Greece for five years have been the Greek masses vs. the European rulers and their institutions. The No vote manifested the revolt against austerity. We explore the meaning of these events.
by Ron Kelch
“We built it!” roared the delegates at the Republican Party convention in Tampa. It was the perfect expression of the presidential campaign and of capitalist thinking in general. The truth is that workers built the social wealth. Capitalists take it from the workers, and the government gets a portion.
Mitt Romney and Paul Ryan [=>]
Business as Usual: The Economic Crisis and the Failure of Capitalism by Paul Mattick, Reaktion Books (London), 2011.
Paul Mattick’s Business as Usual is an attempt to come to grips in Marxist terms with the global economic crisis that began in 2007. It is an entry into a growing category of books which includes David Harvey’s [=>]
by Ron Kelch
At the end of a months-long political spectacle in Washington–manufactured over irrelevancies concerning what should have been a routine raising of the national debt limit before the Aug. 2 deadline–reality struck with a bombshell: the anemic “jobless” recovery in the U.S. has stalled. The economy is getting worse and there is no solution [=>]