If democracy means rule by the people for the people, it has broken down. At pivotal moments in the past, altering the rules of the political has been a defining trait of the organised left, able to project a new social order out of latent concerns, as well as develop the means to alter the gramma
In light of the LIBOR scandal, UK media has paid little attention to the formation of the European Stability Mechanism, an autonomous body which will take over the handling of banking loans from governments across the Eurozone. In a context of interest rate fixing and widespread dodgy accounting,
Global financial market-driven post-democracy is well able to describe the logic that governs the realities of contemporary markets and politics, but cannot explain why these realities are justified, universally beneficial or sustainable
The current crisis was not imposed by technocratic elites, but by democratically elected centre-right and centre-left governments. It is to a great extent due to the weak response from society that neoliberal capitalism is consolidating further, as governments are imposing exactly the ruinous poli
The common denominator of Greece's and Europe's (and the world's) problems is the uncontrolled power of business. Politics has become privatised. On behalf of ‘efficiency’ the defence of the common good was outsourced to business groups. With the result that is unfolding in front of our eyes.
A finance insider reads Soros' intervention at Trento and wonders whether this is just a trading superstar talking up his own portfolio?
A Brussels forum on June 28 seeks alternatives to the inaction of the European Council on Europe's recession and the restoration of democracy.
All leaders have to present any negotiation outcomes in terms of benefits for their constituents rather than the ways in which justice or solidarity are served.
Without a mutualisation of risk, the euro will collapse, with devastating implications for German exports, the value of Germany's foreign investments, and the stability of its banking sector. By contrast, the reforms needed to stabilise the eurozone pose far fewer risks to Germany.
