Business As Usual: The Economic Crisis And The Failure Of Capitalism by Paul Mattick. Reacktion Books: 2011. Just yesterday, we were all supposed to believe that the globalisation of capitalism and free markets was the route to freedom, peace and prosperity for all. Then, with barely an explanation, and somewhat out of the blue,...
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“CARE: Dedicated to serving the poorest of the poor.” So reads a wall poster at the Haiti offices of the “humanitarian” agency CARE International. The offices are housed in a mansion in a wealthy district up in the hills above Port-au-Prince, at a hygienic distance from the poor people they are “dedicated to serve”....
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The severe economic crisis has dominated newspaper headlines – day after day for at least the past six months – like no other story in recent history. The massive layoffs, losses and bankruptcies have grown as familiar as the daily death-count in Iraq and Afghanistan. The ranks of the unemployed are overflowing and...
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Stephen Muchiri, head of the Eastern Africa Farmers Federation, stated recently that: “The amount of money used for the bailouts in the U.S. and Europe — people here are saying that money is enough to feed the poor in Africa for the next three years.” This estimate seems to be rather conservative as, according...
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It is not just Marx whose ideas are now been looked at again. So are those of Keynes. While the German Finance Minister, Peer Steinbrück, of the Social Democratic Party, has said that “certain parts of Marx’s thinking are really not so bad” (Times, 20 October) his British counterpart, Labourite Alistair Darling said (typically)...
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