September 29, 2010
All throughout Europe the organized peoples have been on strikes and protest actions against the massive assault of capital against the so-called ‘welfare state’. Governments from the United Kingdom to Greece have sought to greatly reduce the meaning and scope of the variegated systems of protection that exist in Europe against the depredations of the ‘free market’, using the great financial crisis produced by that same ‘free market’ as an excuse. They seek to support private capitalists such as banks and insurance companies by aiding them with enormous loans, while at the same time using the state debt this entails as a pretext for declaring insolvency in the face of popular demands for relief against the effects of the crisis and the rising unemployment. In so doing, they have however been forced to show their true face more than in these days most liberal governments like to do: they have brazenly and openly declared the maintenance of the profit system to be of greater importance than the well-being of the citizens whom they supposedly represent. This is the true ‘dictatorship of capital’, and more and more the peoples of Europe are seeing it for what it is. Read the rest of this entry »
October 31, 2009
The current economic crisis, despite (or maybe because) of the hullaballoo about its premature ‘end’, gives a good perspective on the failures of liberal economic policy. Precisely those nations that had in the past attempted a get-rich-quick scheme by relying on extreme liberalism to draw in capital in search of unrestricted territory for expansion are now the ones suffering the most from the inevitable cyclical collapse that is attendant on the movement of capital.
Such ‘success stories’ of liberal development as Ireland and Iceland have gone into deep recession. Read the rest of this entry »