European Debt Crisis? You Ain’t Seen Nothing Yet!

March 13, 2011 at 05:31 (Austerity, Crisis of Capitalism, Global Finance, Speculation) (, , , , , , , , , , , , , , , , , , )

In the wake of the Greek and Irish crises last year, analysts predicted that the collapse of the eurozone might become the big story of 2011. But while our neighbors in North Africa and the Middle East have burst into full-blown revolution, all appears to be quiet on the Western front. Or does it?


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Europe in Crisis, Part II: China to the Rescue?

February 26, 2011 at 09:54 (Austerity, Climate Change, Crisis of Capitalism, Global Finance, Renewable Energy) (, , , , , , , , , , , , , )

With the European periphery reeling on the brink of collapse, an unlikely friend has turned up offering financial assistance to those in need. What does the sudden arrival of this mystery buyer of European debt tell us about the relative decline of Europe and the rise of Asia? Should we be worried about the loss of European hegemony, and if so, is there anything we can do to stop it?

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Europe in Crisis, Part I: The Age of Austerity

February 18, 2011 at 06:49 (Austerity, Climate Change, Crisis of Capitalism, Global Finance, Renewable Energy) (, , , , , , , , , , , , , )

Europe is in crisis. The Age of Austerity has begun and the old political rules are being re-written. Where are we headed in the coming months and what can we do to overcome the two greatest challenges of our time? Over the next two months, Breakthrough Europe will be addressing these pertinent questions in a series of analyses that aims to break new ground in the debate on Europe’s future.

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Why Krugman is Wrong on Commodity Speculation (Again!)

January 17, 2011 at 17:17 (Crisis of Capitalism, Global Finance, Hunger & Food Crisis, Speculation) (, , , , , , , , , )

For the New York Times columnist, the recent surge in food and energy prices is an indication that we are running out of resources. But with speculators driving up commodity prices across the board, our most immediate concern should not be Krugman’s finite world, but Goldman’s financialized world.

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