European Debt Crisis? You Ain’t Seen Nothing Yet!
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?
Europe in Crisis, Part II: China to the Rescue?
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?
Europe in Crisis, Part I: The Age of Austerity
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.
The Revolutionary Wave of 2011?
What triggered the sudden popular uprisings in Tunisia and Egypt? And could the revolutionary wave that is washing across North Africa spill over beyond the Arab world and into Europe?
Why Krugman is Wrong on Commodity Speculation (Again!)
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.
2010-’11: From Austerity to Collapse?
Now that the world’s various stimulus packages have been exhausted and the Age of Austerity is in full swing, troubling signs — both political and economic — are emerging that the worst of the crisis is yet to come.
How Wall Street and Washington Corrupted U.S. Democracy
Forget about U.S. democracy — it’s a myth. By the standards of both Mussolini and Roosevelt, Wall Street’s capture of Washington turned the United States into a fascist republic a long time ago.
The New Culture of Resistance
Overwhelmed by WikiLeaks, student protesters and Evo Morales, governments and corporations around the world are beginning to feel the heat from the swelling ranks of the global resistance movement.
Don’t Blame the Irish for the Crisis
The true roots of the Irish crisis are global and systemic in nature. If we want to avert another IMF-inspired disaster, we will have to stop blaming the Irish and take global capitalism to task for its inherent flaws and volatility.
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