Monthly Archives: October 2008

The free-market model has been discredited and now its champions are panicking at what might emerge in its wake Comments (50)Seumas MilneThe Guardian, Thursday October 23 2008 Article history As the dust of the credit crash clears and the real … Continue reading →

Have a look at a video entitled Money as Debt http://video.google.com/videoplay?docid=-9050474362583451279 Borrowers agree to work for years to repay the interest to the banks- effectively rendering themselves slaves to the bank for a certain time. (I’ve done it myself.) For … Continue reading →

In the week of the crash in 1929, Wall Street fell by 23 per cent. Last week, it fell by 18 per cent, London and Frankfurt by 21 per cent and Japan’s Nikkei by 24 per cent. Every major financial … Continue reading →

Full text of Barack Obama’s speech on the economy Barack Obamaguardian.co.uk,Monday October 13 2008 19.13 BST Article history We meet at a moment of great uncertainty for America. The economic crisis we face is the worst since the Great Depression. … Continue reading →

by Tito Boeri The leaders of the eurozone finally agreed on a plan. It is a very ambitious rescue plan, as it should be, to stop the self-fulfilling prophecies that brought us to the brink of another Great Depression. But … Continue reading →

The Autumn edition of the JUSTICE Student Human Rights Network electronic bulletin will be published shortly, but in the meantime we want to let you know about an upcoming event as well as details of vacancies at JUSTICE. Upcoming event … Continue reading →

The Director of Public Prosecutions has given a warning of the dangers of plans for a massive expansion of “Big Brother” state surveillance and of the growth of a “security state”. Sir Ken Macdonald, who heads the Crown Prosecution Service, … Continue reading →

Editorial, Socialism Today, October 2008 PDF versionOver recent years, we have often been accused of being ‘catastrophists’. This is because we predicted that the debt-driven bubble economy, dominated by high-profit, high-risk finance capitalism, would at a certain point collapse, resulting … Continue reading →

Alex,10,told his Dad that he was interested in camels.His Dad gave him a book.About two weeks later Dad asked Alex what he thought of the bookAlex said ‘Well it’s like this Dad.This book tells me more about camels than I … Continue reading →