economics
By John Bellamy Foster
John Bellamy Foster is editor of Monthly Review and professor of sociology at the University of Oregon. He is coauthor, with Fred Magdoff, of The Great Financial Crisis: Causes and Consequences (Monthly Review Press, January 2009) among numerous other works. This article was originally a presentation delivered to the International Conference on the Critique of Capital in the Era of Globalization, Suzhou University, Suzhou, China, January 11, 2009. It appeared in the March edition of Monthly Review and is posted at Links International Journal of Socialist Renewal with John Bellamy Foster's permission.
John Bellamy Foster: `A whole different kind of struggle is emerging'
John Bellamy Foster is editor of Monthly Review and professor of sociology at the University of Oregon. He is the coauthor with Fred Magdoff of The Great Financial Crisis: Causes and Consequences, recently published by Monthly Review Press. This interview was conducted by Mike Whitney and first appeared at Dissident Voice. It has been posted at Links International Journal of Socialist Renewal with Whitney's permission.
By Michael A. Lebowitz
[Michael Lebowitz will be a featured guest at the World at a Crossroads conference, to be held in Sydney, Australia, on April 10-12, 2009, organised by the Democratic Socialist Perspective, Resistance and Green Left Weekly. Visit http://www.worldATACrossroads.org for full agenda and to book your tickets. Find other articles by Michael Lebowitz HERE.]
Economic crisis: Skyrocketing unemployment in Asia hits women and young people hardest
By Reihana Mohideen
[Reihana Mohideen will be a featured guest at the World at a Crossroads conference, to be held in Sydney, Australia, on April 10-12, 2009, organised by the Democratic Socialist Perspective, Resistance and Green Left Weekly. Visit http://www.worldATACrossroads.org for full agenda and to book your tickets.]
February 23, 2009 -- Recent International Labour Organisation (ILO) reports on global and regional employment trends paint a stark picture of rapidly increasing unemployment in 2008; the situation is expected to worsen in 2009 with the prediction of massive job losses. The message is clear: workers and the poor are already paying heavily for the capitalist economic crisis. Especially hard hit are working-class and poor women and young people.
The capitalist crash and the challenges facing socialists in Canada
By Roger Annis and John Riddell
[Roger Annis will be a featured guest at the World at a Crossroads conference, to be held in Sydney, Australia, on April 10-12, 2009, organised by the Democratic Socialist Perspective, Resistance and Green Left Weekly. Visit http://www.worldATACrossroads.org for full agenda and to book your tickets.]
The first casualty of the financial collapse has been the claim that “there is no alternative” to unrestricted free market capitalism. The imperialist governments are bankrolling imperilled banks and industrial conglomerates with immense bailouts — an estimated $5.1 trillion in the US alone by November 2008 — while preparing “stimulus” packages aimed at restoring financial markets.[1]
The “stimulus” includes potentially useful projects along with many that are far more dubious. But urgently needed social investment, such as housing or a national daycare program, receives scant consideration. The spending is shaped to restore corporate profitability, not to sustain workers’ livelihoods. Thus, the US government’s auto industry bailout is conditional on wages and working conditions in union-organised plants being cut to match non-union operations, and Canada’s federal government has set similar conditions.
World economic crisis: No room for band-aid solutions in the Third World
By Reihana Mohideen
Two paths in the face of the capitalism’s global fracture
Spend the trillions on climate!
Sydney, October 2, 2008.
John Bellamy Foster: The great financial crisis: causes and consequences