In this 2012 article, Robert Kurz discusses the crisis management strategies implemented by the US and Europe, their seemingly paradoxical reversal of roles (neoliberal policies vs. welfare state) and the ineluctable fate they will ultimately share: “Whoever wants to save the financial system has to eliminate demand, and whoever wants to save demand has to ruin the financial system”.
In the last few years many suicides in Italy have been strongly linked to the economic crisis and unemployment. 357 people killed themselves in 2009, compared to the 260 of the previous year: a 37.3% growth. 76% of those people had lost their jobs or couldn’t find one due to the crisis, with a smaller percentage of younger people who were looking for their first job.
A call to arms to the working class from Jason Brannigan in The Leveller as the crisis bites and the rich continue to rob us blind.
Over a million Spanish workers take to the streets across the country in protest against the governments labour reforms that enable bosses to unilaterally cut wages if they want, whenever they want. The government claims that by giving bosses the power to treat people like shit it will reduce Spain's unemployment rate of 23%, which is the highest in the developed world.