economics
The free-market fallacies of Ayn Rand
By Phil Hearse
G8 and Africa: Some give, plenty of take
By Yash Tandon
South Africa: At the end of the wage
By Dale T. McKinley and Ahmed Veriava, Johannesburg
“I'm collecting a register for the indigent people and I had 37,000 applications from Emfuleni only. Each and every day I come across children who are left in their homes -- the parents are deceased -- they are hungry. When I knock at the door, I say how you are surviving and they say we have been hungry for three days, we haven't got food. You wouldn't think it's a reality in an urban area like this but it is a reality. People are unemployed, a lot of people are unemployed.”
-- Priscilla Ramagale-Ramakau, government social worker in Sebokeng
July 5, 2009 -- It wasn't always this way for Sebokeng, one of the older urban ``townships'' in South Africa, a place synonymous with the early settlement and subsequent massive growth of the black industrial working class.
Trade unions and New Zealand’s economic crisis
By Grant Brookes
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:
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