credit crisis
Articles about the financial crisis or "credit crunch" of 2008.
Ben Goldacre debunks media claims about the Public Sector "gravy train"
Some of you may have noticed a pair of stories in the Sunday Times and the Telegraph respectively claiming that "public sector pay is racing ahead in the recession".
The stories claim that public sector workers earn on average 7% more than their counterparts in the private sector, despite declining productivity. The message is straightforward enough. In the words of Graeme Leach, chief economist and director of policy at the Institute of Directors, “It is ridiculous that pay and perks have risen when public sector productivity has fallen.
Comments on crisis: Stop looking into the headlights
Various thoughts from Prol-Position on the financial crisis beginning in 2008.
The following are rather more preliminary and turmoiled thoughts in turmoiled times than a collectively debated position...
It’s a production affair!
Russia. At the bottom.
Short article about the situation in Russia. Has been released as an introduction to the ARS magazine "Maximalist".
One must be lazy to not talk of the crisis nowadays. In a song defiantly titled “Anticrisis”, Seva, a popular Russian Internet rapper, even raps about smiling more and taking chances to free ride as the crisis endures.
Promissory Notes: From Crisis to Commons
Historical overview of the recent financial crisis from the North American autonomist Marxist group Midnight Notes Collective
"There will be blood" warns greek labour minister as crisis deepens
The Labour minster of the socialist government in greece has expressed fears of bloodshed due to the measures set to be imposed in the next 3 months in response to the debt crisis of the country.
Mr Lomberdos the Minster of Labour of the socialist party (PASOK) ruling greece since October this year has expressed worries that the measures needed to lift the national debt crisis that is threatening to kick greece out of the euro-zone might result in bloodshed. "There is little we can do to prevent that" he added, days after his resignation from office was overruled by the PM.
Reports on crisis 4: England - Wildcat
Wildcat asked people in several countries to write down observations about social effects of the crisis.
The following is a report from England, written in January 2009, updated in February 2009
"Anti-social solidarity"
Reports on crisis 3: California - Wildcat
Wildcat asked people in several countries to write down observations about social effects of the crisis.
The following is a report from California
LIVING WITH CRISIS
Reports on crisis 2: Romania - Wildcat
Wildcat asked people in several countries to write down observations about social effects of the crisis.
The following is a report from Romania, written in February 2009.
"The return of the strawberry pickers"
- Romania, Turnstile of Migration
Wave of strikes sweeps Greece
A wave of strikes culminating on Thursdays pan-worker mobilisation has been the response to the scaremongering of the government amidst the worsening economic crisis that threatens Greece with bankruptcy.
After the week of riots came the week of strikes: the multifold strikes that are taking place since Tuesday 15 December and peaked on Thursday 17 with the pan-workers strike called by PAME, the Communist Party Union Front, as wells a dozens of extra-parliamentary parties of the left and first-grade unions forming demos in 58 cities and towns around Greece.
Spain: Bricks, bubbles and bankruptcy
Wildcat Germany on the credit crisis, class struggle and to the construction industry in Spain in late 2009.
Spain
