A few comments on the continuing crisis in the stock markets from the late 2000s, discussing how economic ideology contributed to it and how capitalism has always been based on socialising costs and risk while privatising profits.
(more…)Articles and Reviews
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Credit Crunch: The return of depression?
An article from 2008 on the Global Financial Crisis and its roots within the inherent contradictions of capitalism.
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Stop panic in the City — abolish capitalism!
An article for Freedom written when the global financial crisis occurred in 2008.
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Would cutting wages reduce unemployment?
A discussion of why cutting wages will not reduce unemployment based on parts of section C of An Anarchist FAQ. Written in the early days of the Global Financial Crisis of 2008 in the expectation that there would be calls to cut wages and benefits of the many to “solve” a crisis caused by the few.
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Hypocrisy, elitism and communism
An analysis of the attacks on French public sector strikes in 2007. The irony of supporters of capitalism urging a levelling down, at least for workers.
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