economics
Adam Smith was closer to Karl Marx than those showering praise on Smith today
By Rick Wolff
June 5, 2009 -- The greatest tragedies among many in the collapse and bankruptcy of General Motors (GM) concern what is not happening. There are those solutions to GM's problems not being considered by Obama's administration. There are the solutions not being demanded by the United Auto Workers Union (UAW). There are all the solutions not even being discussed by most left commentators on the disaster. Finally there are crucial aspects of GM's demise not getting the attention they deserve.
Capitalism in Wonderland: Why mainstream economists can't deal with the ecological crisis
By Richard York, Brett Clark and John Bellamy Foster (posted at Links International Journal of Socialist Renewal with permission)
In a recent essay, “Economics Needs a Scientific Revolution”, in one of the leading scientific journals, Nature, physicist Jean-Philippe Bouchaud, a researcher for an investment management company, asked rhetorically, “What is the flagship achievement of economics?” Bouchaud’s answer: “Only its recurrent inability to predict and avert crises”.[1]
Anti-capitalist European Left: capitalists not workers must pay for the crisis
May 6, 2009 – British left groupings Socialist Resistance and the International Socialist Group have joined the Socialist Party, Socialist Workers Party, Scottish Socialist Party and others of the European anti-capitalist left in endor
Translated by Federico Fuentes
Cumaná, April 17, 2009
The heads of state and governments of Bolivia, Cuba, Dominica, Honduras, Nicaragua and Venezuela -- member countries of the Bolivarian Alternative for the Peoples of Our Americas (ALBA) -- consider that the proposed Declaration of the 5th Summit of the Americas is insufficient and unacceptable for the following reasons:
Luis Bilbao: The grand duel -- At the Fifth Summit of the Americas, a crucial battle is to be waged
By Luis Bilbao, translated by Gonzalo Villanueva for Links International Journal of Socialist Renewal.
(Updated May 3) Ireland & Britain: Car workers occupy plants over jobs -- Support Visteon workers!
May 3, 2009 -- Workers at Visteon, following a four-week battle, have gained a victory. After the occupation of the Visteon plants and 24-hour picketing when the company announced its liquidation, Ford/Visteon bosses were finally forced to concede to the workers' demands. Workers in Enfield and Basildon have already voted in favour of the deal, while those at Belfast will be voting soon. Below are reports and videos that recount events as they unfolded.
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Atilio Borón: From infinite war to infinite crisis
By Atilio Borón[*], translated by Machetera, Scott Campbell, Christine Lewis Carroll and Manuel Talens
March 25, 2009 -- Machetera/Tlaxcala -- Some thoughts on the current capitalist crisis, its probable “solutions” and the role that a socialist option might play in the present juncture.