Audio: Promises, Promises – a History of Debt

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Published: March 2015
Speaker: David Graeber
Intro by: TSN Editor

 

David Graeber, American Professor of Anthropology at the London School of Economics, a leading member of the ‘Occupy’ movement, and author of the fascinating book
Debt: The First 5,000 Years
here talks at length about the ideas of his book in a talk entitled:

“Promises, Promises – a History of Debt”

Musings on the UK 2015 General Election and Left Attitudes Towards the Labour Party

Published: 25 March 2015
Author: Rob Holt

In Britain we are 45 days from the 2015 general election. After five years of a Conservative and Liberal Democrat coalition government with its austerity programme of cuts and more cuts, the two main parties – Conservatives and Labour – significantly lead all others, with a tiny two point advantage to Labour.

Given the severity of the cuts, the falling living standards and what Labour calls ‘the cost of living crisis’ we should have expected a much stronger Labour lead. But the British working class are wearied by the effects of a deep recession and a litany of political scandals. The mood is one of apathy, ‘a plague on all your houses’ being the dominant sentiment.

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International Campaign Launch ……………………. ‘For a Democratic Public Banking Service’

Logo compressedPublished: 23 March 2015
Authors: Pat Byrne & Tim Horvath
Intro by: TSN Editor

Today marks the public launch of an important new campaign ‘For a Democratic Public Banking Service‘ here on the TSN website and on Facebook.

Below is an outline of the thinking and issues involved in the Campaign, and the first steps to achieve its aims. TSN readers are strongly recommended to read the outline and to go over to the campaign’s Facebook page and register their support by clicking on the FB “Like” button at:

https://www.facebook.com/democratic.public.banking.service

 

CAMPAIGN APPEAL

The failure of the financial system was absolutely central to the Great Economic Recession that began to hit the world in 2008. In the last thirty years the financial sector – banks, investment funds, pension schemes, insurance companies, money markets, stock and commodity exchanges and so on – has dramatically expanded its role on a national and international scale. In a process often referred to as ‘financialisation’, the finance industry in many of the richest countries now accounts for nearly half of the economy. To reach this point they have taken full advantage of the deregulation of capital controls and investment, the creation of new monetary instruments, and the development of fast computers and instant online transactions. The result has been that unimaginable amounts of money are now continuously being switched between investments, currencies and countries in a destructive chase for short-term profits. Even worse, it has produced an unprecedented expansion of debt which now dwarfs the size of the global economy.

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Greece: Keynes or Marx?

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Published: 14 March 2015
Author: Michael Roberts

The Greeks are now in a so-called four-month breathing space – an extension of the existing ‘bailout’ programme that was agreed by the previous Conservative-led government with the Troika (the EU Commission, the ECB and the IMF).
Of course, this breathing space is already narrow and closing as the Greek economy continues to suffocate (see my post https://thenextrecession.wordpress.com/2015/03/03/greece-breaking-illusions/).

An interview with Costas Lapavitsas
But there is an opportunity to consider the way out for the Greek people when the four months are up. That’s what makes the recent interview in Jacobin with Syriza MP and Marxist economist, Costas Lapavitsas, a leading member of the Left Platform within Syriza, so interesting. (https://www.jacobinmag.com/2015/03/lapavitsas-varoufakis-grexit-syriza/).

Costas Lapavitsas
Costas Lapavitsas

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