Browsing All posts tagged under »crisis«

Doing dirty work, exposing dirty tricks

March 30, 2012

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At the forefront of the fight against local government corruption and maladministration in South Africa are municipal workers, many of them doing dirty, socially necesary labour for wages that are a tiny fraction of what is paid to many managers. This is one aspect of what local trade unions see as a growing social, humanitarian and economic crisis that urgently needs dramatic and radical remedial measures.

Davos and the search for a real alternative

January 26, 2012

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The annual Davos bunfight got underway again this week. But this gathering of the super rich and the guests they hope to bribe, bully and otherwise persuade to help shore up a system in crisis is unlikely to produce much that is worthwhile.

Holistic change that is needed — globally

January 10, 2012

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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 — […]

No golden path to stability

January 7, 2012

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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 […]

When the mainstream meets Marx

December 2, 2011

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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.

Time to slay the market monster

August 10, 2011

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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.

Technology and the race to the bottom

July 24, 2011

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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.

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