credit crisis

Artificial scarcity in a world of overproduction: an escape that isn't

The one strategy open to crisis-ridden capitalism that doesn't risk class antagonism is the creation of artificial scarcity through regimes of intellectual property. Sander explains, however, that the ‘production of innovation' is no replacement for the production of value.

Romania: Protests against austerity measures grow, general strike planned

Areas of the Romanian capital Bucharest were paralysed today by 50,000 demonstrators protesting against the savage austerity measures currently being pursued by the Romanian government. Meanwhile, unions have threatened a general strike on the 31st of May.

In critical and suffocating times - TPTG

The Ta Paida Tis Galarias (The Children of The Gallery) group report on the recent demonstrations in Athens against austerity measures, including the events leading to the tragic deaths of three bank workers and its implications for the movement of opposition.

Austerity measures approved in Greece, protests continue

Greek protestor beaten.

The new measures have been voted in the Greek Parliament yesterday by a majority of 172 votes out of a total 300, these including the votes of the ruling Socialist Party (PASOK) and the extreme-right party of junta nostalgic creeps, LAOS.

General strike paralyses Greece

Greece has been brought to a standstill as angry workers stage a general strike over planned austerity measures.

New wave of strikes over austerity measures in Greece

A new wave of strikes against austerity measures are under way in Greece as unions react to social security changes ahead.

Global Leveraged Buyout or the “Longest Boom in Capitalist History”?: A Reply to Robert Fitch

Loren Goldner's reply to Robert Fitch's article on the crisis in New Politics magazine, containing his critique of fictitious character of 1982-2007 boom.

There’s only one thing left to settle: our accounts with capital and its state - TPTG

A report on the working class struggles against austerity measures in Greece by Proles and Poor’s Credit Rating Agency aka TPTG, a Greek communist group.

Battle Ground Athens: second general strike leads to pitched battles

More than 150,000 people took to the streets of Athens against the austerity measures in a mass protest marches that have led to extended battles in the greek capital.

Mass strikes in Greece in response to new measures

Mass strikes with only hours prior warning are unfolding in Greece after the government announced new crippling measures for workers