A lasting, well-rooted leftism requires an understanding of forces such as these – of why capitalism does not work as we would wish it to. Moralizing is nowhere near enough. The problem is that there are pitifully few institutions that enhance understanding and several powerful ones that actively militate against it.
EU politics
Michael Roberts: Models of public ownership
It’s back! State owned companies. As neo-liberalism continually fails society (at least the 99%) the question is once again be raised: Was privatisation the solution or the problem? Britain’s Labour Party is banning the way […]
Austerity
Yanis Varoufakis: The Three Tribes of Austerity
Who were the three groups that deoivered austerity to the West? Read here
EU politics
Reuters: ECB mulls shelving rules tackling euro zone’s bad loans pile
With regard to austerity for the people, the EU wields an iron fist. When it comes to banks it will bend over backward to be obliging and generous. Read here
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