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?
The workers uprising in Wisconsin has been going strong for a fortnight and is starting to spread across the region. Which made me wonder — what would our chubby old German friend have had to say about the Republican war on the unions, had he still been alive today?
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.
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?
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.
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 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.