Nieuws en achtergronden over globalisering, economie, politiek & actie

Why the Euro Is Not Worth Saving

(Dit artikel is inmiddels vertaald en hier verschenen, en ook in Trouw gepubliceerd, helaas allemaal copyrighted dus niet op globalinfo.nl geplaatst)   Tuesday 12 July 2011 by: Mark Weisbrot, The Center for Economic and Policy Research   The Euro is crashing today to record lows against the Swiss Franc, and interest rates on Italian and Spanish bonds have hit record highs. This latest episode in the Eurozone crisis is a result of fears that the contagion is now hitting Italy. With a two-trillion dollar economy and $2.45 trillion in debt, Italy is too big to fail and the European authorities are worried. ('...)   It appears that much of the European left does not understand the right-wing nature of the institutions, authorities, and especially macroeconomic policies that they are facing in the Eurozone. This is part of a more general problem with the public misunderstanding of macroeconomic policy worldwide, which has allowed right-wing central banks to implement destructive policies, sometimes even under left governments. These misunderstandings, along with the lack of democratic input, might help explain the paradox that Europe currently has more right-wing macroeconomic policies than the United States, despite having much stronger labor unions and other institutional bases for more progressive economic policy.   (Hele stuk te lezen  in the Guardian)

Lees meer

Greek Default: A game of Euro-Chicken?

Dit stuk is inmiddels vertaald en op globalinfo te vinden... (afkomstig van WSM) The big bad ECB wolf is a-huffing and a-puffing but the first of the three little pigs is showing no signs of surrendering just yet. And behind the spectacle of the Greek populace standing up against its government and the core EU powers, lurks a recent historical shadow - a spectre is haunting Europe, the spectre of Yugoslavia. Today Greece is the target of pressure and brinkmanship by the European Central Bank and the International Monetary Fund who are holding back the next installment in the so-called "bailout" agreed last year. The payment of €12 billion was originally scheduled for this month and without it Greece will default on repaying its existing bonds due for redemption on Jul 15. The aim of this blackmail is to convince the current government and Greek political class to vote through a "smash and grab" programme of privatisations and social spending cuts dictated by the Eurozone core countries in the face of the vocal opposition of the majority of the Greek population shown on the streets in these last weeks. Yet there is more than simple brinkmanship in the current speculations about a possible collapse of the Euro in the business pages and nightly TV newscasts. There has been clear evidence of division on how to deal with this crisis between France and Germany, the two most powerful core Eurozone countries, and between them and the ECB and all three and the IMF. This division and disarray between the core powers themselves, is what is adding the uncertainty and unpredictability that has transformed this manfactured squeeze into a genuine crisis of the constitution of the Eurozone.

Lees meer

Global capitalism and 21st century fascism

The global economic crisis and the attack on immigrant rights are bound together in a web of 21st century fascism. The crisis of global capitalism is unprecedented, given its magnitude, its global reach, the extent of ecological degradation and social deterioration, and the scale of the means of violence. We truly face a crisis of humanity. The stakes have never been higher; our very survival is at risk. We have entered into a period of great upheavals and uncertainties, of momentous changes, fraught with dangers - if also opportunities. Zie rest stuk op Al Jazeera

Lees meer

The visible whip of the EU

(Dit is inmiddels vertaald, zie hier) Is Europe itself the ‘invisible hand’ that’s forcing us into an era of austerity which dismantles the welfare state? If we are to believe the words of the British journalist Claud Cockburn – “Never believe anything until it’s officially denied” – then we should conclude that it is. (zie rest stuk op website KSU)  

Lees meer

The case against immigration controls

Ijzersterke tekst van Teresa Hayter: It is now considered axiomatic that states should have the right to stop people entering their territories, but it was not always so. It was not until the beginning of the twentieth century that immigration controls were introduced. Previously nation states had at times expelled people whom they considered undesirable, but they had not attempted to prevent immigration. Britain, for example, expelled all Jews in the thirteenth century, but it was not until 1905 that it adopted laws to keep them out in the first place. (lees verder bij New Compass) Zin om die te vertalen? Neem even contact op: Dit e-mailadres wordt beveiligd tegen spambots. JavaScript dient ingeschakeld te zijn om het te bekijken. document.getElementById('cloakda6d4a1cf62ad0c2c8a1e1ccd195d3c5').innerHTML = ''; var prefix = 'ma' + 'il' + 'to'; var path = 'hr' + 'ef' + '='; var addyda6d4a1cf62ad0c2c8a1e1ccd195d3c5 = 'info' + '@'; addyda6d4a1cf62ad0c2c8a1e1ccd195d3c5 = addyda6d4a1cf62ad0c2c8a1e1ccd195d3c5 + 'globalinfo' + '.' + 'nl'; var addy_textda6d4a1cf62ad0c2c8a1e1ccd195d3c5 = 'info' + '@' + 'globalinfo' + '.' + 'nl';document.getElementById('cloakda6d4a1cf62ad0c2c8a1e1ccd195d3c5').innerHTML += ''+addy_textda6d4a1cf62ad0c2c8a1e1ccd195d3c5+'';

Lees meer

Business As Usual The Next Wall Street Collapse

NB: Dit artikel is inmiddels vertaald The economy teetered on the brink but did not fall into the abyss. The bailouts, the stimulus, and adequate international political comity—each imperfect, even ugly—nevertheless prevented what was otherwise very likely: another Great Depression. But the collective sigh of relief and overconfident pronouncements emanating from Wall Street and Washington obscure the fact that we have done little to avert an even worse crisis in the future. We may have stanched the bleeding, but the underlying disease — a culture, ideology, and political economy of uninhibited finance — remains. Indeed, by tiptoeing around the real issues we may ultimately make things worse. (zie rest artikel hier: http://www.bostonreview.net/BR36.1/kirshner.php)

Lees meer

Tunisia and the world: roots of turmoil

The uprising in Tunisia turmoil is at once a response to systemic inequity and injustice and an expression of the limits of elite control. But to the economic and political ingredients of the revolt must be added the potent if less evident one of global environmental crisis. (zie het stuk  zelf op de website Open Democracy) NB: Het stuk is inmiddels vertaald en staat op de site

Lees meer

The Great Food Crisis of 2011

It's real, and it's not going away anytime soon. As the new year begins, the price of wheat is setting an all-time high in the United Kingdom. Food riots are spreading across Algeria. Russia is importing grain to sustain its cattle herds until spring grazing begins. India is wrestling with an 18-percent annual food inflation rate, sparking protests. China is looking abroad for potentially massive quantities of wheat and corn. The Mexican government is buying corn futures to avoid unmanageable tortilla price rises. And on January 5, the U.N. Food and Agricultural organization announced that its food price index for December hit an all-time high. Zie stuk van Lester Brown in/op Foreign Policy

Lees meer

The Global Economy in 2011: Recovery Recedes, Convulsion Looms

Artikel van Walden Bello op website TNI: As the U.S. and Europe appear to be headed for a deeper economic crisis, some analysts discern a “decoupling” of East Asia and other developing areas from the western economies. In contrast to their cautiously optimistic forecasts about a sustained recovery at the end of 2009, the dominant mood in liberal economic circles as 2010 draws to a close is gloom, if not doom. Fiscal hawks have gained the upper hand in the policy struggle in the United States and Europe, to the alarm of spending advocates like Nobel laureate Paul Krugman and Financial Times columnist Martin Wolf who see budgetary tightening as a surefire prescription for killing the hesitant recovery in the center economies. Zie rest artikel hier

Lees meer