Skip to main content

The Great Austerity Shell Game

Richard Wolff The Guardian
Here's how the capitalist scam works: let government borrow for crisis bailouts, then insist cuts pay for them. Guess who loses.

Crossfire

Mike Luckovich The Atlanta Journal-Constitution

Help or Hurt

Senator Sherrod Brown (D. Ohio) The Washington Post

Mondragón and the System Problem

Gar Alperovitz and Thomas M Hanna Truthout
Mondragón has been justly cited as a leading example of what can be done through cooperative organization. But it recently announced that its most important unit, Fagor, was filing for bankruptcy. This raises important larger questions about the market, and longer-term strategies for moving beyond the failings of corporate capitalism and traditional socialism.

Ireland: Ground Zero for the Austerity-driven Asset Grab

Ellen Brown Op Ed News
Today, Ireland is under a different sort of tyranny, one imposed by the banks and the troika--the EU, ECB and IMF. The oppressors have demanded austerity and more austerity, forcing the public to pick up the tab for bills incurred by profligate private bankers.