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Socialists on the financial crisis

This is a link to a challenging socialist analysis of the current world capitalist financial crisis by Leo Panitch and Sam Gindin ‘They say they won’t intervene. But they will.’ This is how Robert Rubin, Bill Clinton’s Treasury Secretary, responded to Paul O’Neill, the first Treasury Secretary under George W. Bush, who openly criticized his […]

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McQueen on 'How to lose a trillion' and 'McValue'

McQueen on ‘How to lose a trillion’ and ‘McValue’

How to lose a trillion. (2 October) When the radio news reported that the New York Stock market had “lost” a trillion dollars, my eyes glazed over. A trillion is what Douglas Hofstader calls a Very Big Number, meaning that we have no way of coping with so many zeros after the one ($1,000,000,000,000). Those […]

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Marx on profit

Humphrey McQueen on the capitalist crisis

Freelance left labour historian Humphrey McQueen as guest comments on the capitalist crisis: exploitation the basis, it’s not socialism and all capitalists are parasites. Exploitation leads to over-consumption Even if $US700bn cauterises the collapse of the sub-prime mortgage market, it will not touch the core of the crisis. The root cause is the exploitation of […]

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Capitalist financial crisis September 2008

Capitalist financial crisis September 2008

Financial crisis: working families need protection IR and labour law policy issues in other posts commenting on the Labor governmen cannot but be connected to the capitalist crisis dramatically unfolding with bank and business crashes daily. It is on-going and impacting on working families. This is clear reading the weekend’s press, following Stephen Long daily […]

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USA Unions Surviving? 2007 report

USA Unions Surviving? 2007 report

I was in that great city San Francisco in March 2007 and looked at the union question. Australian unions are dependent on US unions’ surviving, whether we like it or not. I talked with union activists and report on union debates: ∑ social unionism lives; ∑ organising for growth, the SEIU; ∑ militant left unionism […]

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