Serious fuel shortages are spreading across Greece as customs officers decide to extend their strike against austerity measures until Tuesday.
Long lines of cars are to be seen in petrol stations across greece as fuel is running out after an extension of customs officers industrial action against the neoliberal austerity measures imposed by the government on the pretext of the national credit crisis.
Hillel Ticktin on a Marxist political economy of the financial crisis of 2008-9 and capitalism's uncertain future.
[i]The article considers whether there are limits to capitalist strategies for survival. It argues that the present downturn represents a crisis in the capitalist system itself, in that the mediating forms by which it could maintain control and grow have reached their limits.
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.
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!
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.
Historical overview of the recent financial crisis from the North American autonomist Marxist group Midnight Notes Collective
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.
We are entering a world historical situation where all track switches of social-economic and political life are newly aligned. It will be the second epochal change for my generation after the period of 1967-1973. All the main facts and indicators of the last weeks point to the start of a world economic crisis which already now exceeds the extent of the 1973 crisis and of the intervening crises of 1982 and 1987. The current crisis is approaching the dimensions of the worldwide crisis and subsequent depression of 1929-1938.