January 10, 2012
This was first posted in January 2012, and has been edited slightly to bring some references up to date. Attention is being drawn to it again because the arguments raised seem even more pertinent now, especially in South Africa, a country that possesses a Bill of Rights that provides a potential — truly democratic — […]
January 7, 2012
Ever since Europe slid into crisis there has been talk that gold might be a way out. Why? Because of gold reserves held by various central banks. Italy, for example, could pay off a substantial part of its burdensome debt by unloading it gold stocks at current prices. And here is the rub: at current […]
December 2, 2011
When the well-known mainstream economist Nourial Roubini, a former adviser to the International Monetary Fund, quoted Karl Marx as perhaps being right about an inherent fault in the economic system, he caused a minor stir, but no real criticism. Because the inherent fault is one that is now generally acknowledged and is at the centre of the present — and ongoing — global economic crisis.
August 10, 2011
Global financial markets, along with the other manipulated casino operations such as Stock Exchanges, are in a completely predictable crisis. This market monster is badly diseased and dangerous: how it should be slain, how to dispose of the corpse and how to build a real alternative is what we should now be debating.
July 24, 2011
The labour movement is under concerted attack, globally, with capital now trying to play the role of defenders of the poor and unemployed. At least, thanks to modern communications, the facts will out and the real arguments can be aired, perhaps providing solutions to this crisis-ridden system.
December 10, 2010
It is surely time for serious reflection when the lunatic logic of the present system encourages us to spend — all too often on credit — to provide a boost to ailing economies when all this will do is provide a boost to banks and to the profits of importers, producer companies, wholesalers and retailers while the jobs slaughter continues.