Tag Archives: Europe

EU Agrees To Cut Greenhouse Gas Emissions

EU Agrees To Cut Greenhouse Gas Emissions
EU leaders called the 40-percent target an ambitious signal to the likes of the United States and China to follow suit at a U.N. climate summit France is hosting in December next year. “Europe is setting an example,” French President Francois Hollande said, acknowledging that it had been a hard-won compromise but calling the final deal “very ambitious.” “Ultimately, this is about survival,” said summit ... Read more

Europe’s Austerity Zombies

Europe’s Austerity Zombies
Austerity has failed in Europe. But its defenders are willing to claim victory on the basis of the weakest possible evidence: the economy is no longer collapsing, so austerity must be working! But if that is the benchmark, we could say that jumping off a cliff is the best way to get down from a mountain; after all, the descent has been stopped. But every downturn comes to an end. Success should not be measured by the fact that recovery ... Read more

They Can’t Represent Us: a riveting defense of democracy

They Can’t Represent Us: a riveting defense of democracy
A lot of ink has already been spilled on last month’s European elections. Most commentators lament the rise of the far-right; some celebrate the rise of the radical left — but almost everyone has focused their attention on the rearrangement of the deck chairs, missing the grumbling sounds of discontent emanating from below, deep down in the bowels of the ship. As it turns out, only 43% of eligible Europeans actually showed up to vote; the ... Read more

The French are right: tear up public debt – most of it is illegitimate anyway

The French are right: tear up public debt – most of it is illegitimate anyway
As history has shown, France is capable of the best and the worst, and often in short periods of time. On the day following Marine Le Pen's Front National victory in the European elections, however, France made a decisive contribution to the reinvention of a radical politics for the 21st century. On that day, thecommittee for a citizen's audit on the public debt issued a 30-page report on French public debt, its origins and evolution in the ... Read more

The Emerging Global Economic ‘Perfect Storm’

The Emerging Global Economic ‘Perfect Storm’
Much like a perfect storm at sea is the consequence of three converging bad weather fronts, three significant global economic trends have begun to intensify and converge in recent months: (1) a slowing of the China economy and a parallel growing financial instability in its shadow banking system; (2) a collapse in emerging markets currencies (India, Brazil, Turkey, South Africa, Indonesia, etc.) and their economic slowdown; (3) a continued ... Read more

Report from the “Workers’ Economy” international meeting

Report from the “Workers’ Economy” international meeting
The occupation of businesses by workers and their democratic management through horizontal decision-making processes is a centuries-old practice, that has however reemerged around the turn of the century -most prominently in Argentina, where currently there are about 300 workplaces "recovered" by about 15.000 workers. Can this model also constitute a viable solution in Europe, not only to growing unemployment and poverty, but also to the ... Read more

Is Capitalism Doomed?

By Nouriel Roubini Project Syndicate, August 15, 2011 NEW YORK – The massive volatility and sharp equity-price correction now hitting global financial markets signal that most advanced economies are on the brink of a double-dip recession. A financial and economic crisis caused by too much private-sector debt and leverage led to a massive re-leveraging of the public sector in order to prevent Great Depression 2.0. But the subsequent recovery ... Read more