economics
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.
Stop press April 2
George Monbiot: G20 protests: Riot police, or rioting police?
At the G20 protests in London only one group appears to be looking for violent confrontation – and it's not the protesters.
David Harvey: Their crisis, our challenge
In a far reaching interview with Red Pepper, David Harvey argues that the current financial crisis and bank bail-outs could lead to a massive consolidation of the banking system and a return to capitalist ``business as usual'' -– unless there is sustained revolt and pressure for a dramatic redistribution and socialisation of wealth. David Harvey was interviewed by Marco Berlinguer and Hilary Wainwright. Transcribed by Kate Ferguson. This article first appeared in the April/May 2009 print edition of Red Pepper, and is posted with permission at Links International Journal of Socialist Renewal. It is posted in the interests of furthering left debate on how best to respond to the crisis. Links encourages readers to express their views in the ``Comments'' box at the conclusion of the article.
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Photo essay: Fighting back against home foreclosure
Photos by David Bacon
Oakland, California, March 12, 2009 -- On the steps of the Alameda County courthouse, community activists in the Association of Community Organizations for Reform Now (ACORN) protest against the auction of the foreclosed home of Armando Ramos and Fernanda Cardenas. Their home mortgage, held by the mortgage company OCWEN, had an adjustable rate. When it went up, Ramos and Cardenas could no longer make the payments. OCWEN then decided to auction off the home on the courthouse steps.