economics

Patrick Bond, Adam Hanieh: World slump and class struggles in the global South
Trade unions and New Zealand’s economic crisis
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Adam Smith was closer to Karl Marx than those showering praise on Smith today
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Rick Wolff: GM -- The system strikes back; Michael Moore: `Convert the factories to build trains, buses, windmills'
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By Rick Wolff

June 5, 2009 -- The greatest tragedies among many in the collapse and bankruptcy of General Motors (GM) concern what is not happening. There are those solutions to GM's problems not being considered by Obama's administration. There are the solutions not being demanded by the United Auto Workers Union (UAW). There are all the solutions not even being discussed by most left commentators on the disaster. Finally there are crucial aspects of GM's demise not getting the attention they deserve.

Neoliberal economic policies in the United States: The impact of globalisation on a `Northern’ country

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Capitalism in Wonderland: Why mainstream economists can't deal with the ecological crisis
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By Richard York, Brett Clark and John Bellamy Foster (posted at Links International Journal of Socialist Renewal with permission)

In a recent essay, “Economics Needs a Scientific Revolution”, in one of the leading scientific journals, Nature, physicist Jean-Philippe Bouchaud, a researcher for an investment management company, asked rhetorically, “What is the flagship achievement of economics?” Bouchaud’s answer: “Only its recurrent inability to predict and avert crises”.[1]

Anti-capitalist European Left: capitalists not workers must pay for the crisis

May 6, 2009 -- British left groupings Socialist Resistance and the International Socialist Group have joined the Socialist Party, Socialist Workers Party, Scottish Socialist Party and others of the European anti-capitalist left in endors

The political economy of crisis management in the heart of world capitalism

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(Updated April 23) `Capitalism is putting an end to humanity and the planet' -- ALBA on the 5th Summit of the Americas
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Venezuela's President Hugo Chavez greets Cuba's President Raul Castro.

Translated by Federico Fuentes

Cumaná, April 17, 2009

The heads of state and governments of Bolivia, Cuba, Dominica, Honduras, Nicaragua and Venezuela -- member countries of the Bolivarian Alternative for the Peoples of Our Americas (ALBA) -- consider that the proposed Declaration of the 5th Summit of the Americas is insufficient and unacceptable for the following reasons:

Michael Lebowitz: What would Marx say today?
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Luis Bilbao: The grand duel -- At the Fifth Summit of the Americas, a crucial battle is to be waged

By Luis Bilbao, translated by Gonzalo Villanueva for Links International Journal of Socialist Renewal.

(Updated May 3) Ireland & Britain: Car workers occupy plants over jobs -- Support Visteon workers!

May 3, 2009 -- Workers at Visteon, following a four-week battle, have gained a victory. After the occupation of the Visteon plants and 24-hour picketing when the company announced its liquidation, Ford/Visteon bosses were finally forced to concede to the workers' demands. Workers in Enfield and Basildon have already voted in favour of the deal, while those at Belfast will be voting soon. Below are reports and videos that recount events as they unfolded.

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