Tag Archives: Economics
Notes from the US
Occupy The Occupy movement continues to gain momentum; though its focus and – perhaps – its lack of the kinds of analysis which anarchists favour are similar in the United States to those shortcomings in the UK. Evictions and violence by the state against the Occupiers also continue. Indeed, by the end of November more [...]
Dire Lessons From the Eurozone
Tracing the politics of the crisis I remember my Political Economy lectures at university when the European Union was held up as a successful model of a political and economic ‘superstate’ which other continents in the world could follow. I remember shuddering at the very idea of such mega-scale integration and central control, only one [...]
Notes from the US
Economics What some even inside the United States are seeing as a global movement was first manifested in New York from mid September as ‘Occupy Wall Street’. Within a few days, similar protests (at the greed and corruption of the 1% at the expense of the 99%) took place in Austin, Boston, Chicago, Knoxville, Los [...]
Second Wave of Crisis
The real cost of keeping us poor Bank of England chairman Mervin King now openly admits that this might be the worst economic crisis in the history of capitalism. Those in positions of power and responsibility are supposed to play it cool. They are supposed to understate bad news and overstate good ones. But doing [...]
Global Economic Overview: 2011
A round up of the affects of the financial crisis Numbers are annoying. When one tells a story through statistics, one seems to dehumanize the picture. But when it comes to the economy, scale is everything, and numbers are the only way to paint a picture of the scale of what is happening at the [...]
Crisis and Capitalism’s Contradictions
How the Tories are benefiting from the economic slump Anarchists have long argued that capitalism is an economic system riddled with contradictions. These express themselves in recurring crisis, when these contradictions expose themselves for all to see in generalised misery they produce. Some of these contradictions can be seen from the Bank of England’s quarterly [...]
Crises and Cover-ups
The current economic crisis that started in 2007 with the collapse of the housing bubble in the US, and has hence hit the world in a rising tidal wave is only now revealing its full consequences. The capitalist chickens have come home to roost. Before, anti-capitalists’ frantic warnings were lost in the wilderness of sudden [...]
Crisis? What Crisis?
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” Henry Ford The government’s attack on the welfare state is based on the lie that it is necessary to cut back on public spending [...]
Deep Economy
A two part analysis by John Griffin exploring the contradictions between green economics and radical ecology PART I: ecology economics and culture in relation to anarchist theory The recent Copenhagen talks on climate change showed the huge gulf between what most ecologists say, and the behaviour of most people and their governments. Most appear to [...]
Greek capitalism – a tragedy in several parts
Greece is the latest in a line of countries squeezed by the ongoing financial crises continuing to ripple around the world. It is an important case to watch, more so than say Iceland or Ireland, as the situation in Greece is closer to the economic positions of the UK – both have governments who form [...]
