capitalism

• Anti-capitalism and environmentalism as a political alternative

  by Esther Vivas

  24 September 2011

  We cannot analyse the global ecological crisis separately from the crisis in which we are immersed or the critique of the economic model that has led us into it. The starting point for today’s debate is to note that humanity is in a global ecological crisis that is an intrinsic part of the systemic crisis of capitalism. And one of the differences from past economic crises, from that of the 1970s or the crash of 1929, is precisely its ecological aspect. Indeed, we cannot analyse the global (...)

• The market : the new faith

  
  by Eric Toussaint

  10 May 2010

  Practically all political leaders - whether from the traditional Left or the Right, from the North or the South - have a quasi-religious faith in the market, especially the financial markets. Or rather, they themselves are the high priests of this religion. Every day in every country, anyone with a television or an Internet connection can attend mass and worship the market-god - in the form of stock exchange and financial market reports. The market-god sends his messages through television (...)

• Tolerence and non-violence in a world that needs to be transformed

  by François Houtart

  30 December 2009

  Millions of people deserve the Madansheet Singh prize: all those who, by combining their efforts in spite of their differences of culture, religion and philosophical convictions, have not lost their hope of transforming a world subjected to the logic of the market. In response to the cries of the oppressed and those of the earth, they are trying to build societies in which justice becomes a central value and spirituality regain its rightful place. This is the reason why it is worthwhile (...)

• United-States : Where is the help for the workers?

  
  by Daniel Munevar

  2 October 2009

  At the onset of the worst economic crisis in the global economy since the Great Depression, employment losses are starting to mount at a dramatic pace. According to the ILO (International Labour Organization) more than 50 million workers are expected to lose their employment as a result of the crisis. An important share of these employment losses has been concentrated in the USA, locomotive of the global economy and epicenter of the recent financial meltdown. Since the first moment in (...)

• Conference at the Socialism 2009 organized by the Center for Economic and Social Change, Chicago, July 20th 2009.

  The impact of the world crisis in Latin America

  by Claudio Katz

  4 August 2009

  Thank you for this invitation and congratulations for this conference In my opinion, the effect of the world crisis in Latin America pose different types of discussion. The immediate economic effect, the political effect and the social measures required to confront the financial collapse. Economic arena The crisis has produced in Latin America a generalized collapse of the stock markets and capital out-flights that reduced credit. Commodities depreciation induces recession, unemployment (...)

• Series: A Glance in the Rear View Mirror to Understand the Present (Part 4)

  The 1970s: Liberal ideology returned with a vengeance

  
  by Eric Toussaint

  25 June 2009

  The 1970s: Liberal ideology returned with a vengeance (Part 4) Liberal ideology returned with a vengeance in the 1970s, in response to the economic crisis in the main industrialised capitalist countries. The crisis marked the beginning of a long wave of slow growth, or rather a long downturn. The liberal counter-offensive picked up steam with the Third World debt crisis in the early 1980s and the implosion of the bureaucratic regimes of Eastern Europe at the end of the 1980s, followed by (...)

• Series: A Glance in the Rear View Mirror to Understand the Present (Part 3)

  The 1930s to the 1970s: liberalism eclipsed Eric Toussaint

  
  by Eric Toussaint

  19 June 2009

  Although a strong influence throughout the nineteenth and first third of the twentieth century, liberal thinking was eclipsed for the long period that lasted from the middle of the 1930s to the end of the 1970s . Yet during the 1920s financial markets had seemed irreversibly almighty. The 1929 crash and the long ensuing crisis made it necessary for governments to strictly monitor financial and banking activities. During this withdrawal of free trade prevalence (from the 1930s in North (...)

• A Glance in the Rear View Mirror to Understand the Present (Part 2)

  Neo-liberal ideology is a hard nut to crack

  
  by Eric Toussaint

  13 June 2009

  neo-liberal ideology has conquered so many of our collective representations that it has largely dominated political and economic thinking over the last three decades. Although it is currently questioned, it is still deeply embedded in the minds of opinion-makers and an overwhelming majority of decision-makers. Of course they are finding it harder to assert that we must trust the self-regulating ability of corporation CEOs and financial markets, yet their reasoning has not fundamentally (...)

• Series: A Glance in the Rear View Mirror to Understand the Present (Part 1)

  Adam Smith is closer to Karl Marx than those showering praise on Smith today

  
  by Eric Toussaint

  12 June 2009

  In the following citations, we discover that what Adam Smith wrote in the 1770s is not so distant from what Karl Marx and Friedrich Engels would write 70 years later in the famous Communist Manifesto. According to Adam Smith: “The labour of a manufacturer adds, generally, to the value of the materials which he works upon, that of his own maintenance, and of his master’s profit.” In Marxist terms, this means that through their labour workers reproduce part of the constant capital (the quantity (...)

• After the European Parliament elections

  Let us act to eradicate capitalism and all forms of oppression

  
  by Damien Millet, Eric Toussaint

  8 June 2009

  The partisans of capitalism, and among them, prominently, the EU leaders, have lost all credibility. For years now they have trampled on the rights of peoples while not wavering when it came to making decisions directly opposed to their advertised principles in order to bail out major banks. European government parties could have acted differently and nationalised the banks, thus retrieving the cost of the bailout on the patrimony of major shareholders and CEOs. The public credit instrument (...)

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