4 QuickLinks
Sunday, June 8, 2008
The Sub Prime Meltdown is but the Tip of the Iceberg
...a far larger problem is now coming into focus. Sub-prime or high-risk Collateralized Mortgage Obligations, CMOs as they are called, are only the tip of a colossal iceberg of dodgy credits which are beginning to go sour. The next crisis is already beginning in the $62 TRILLION market for Credit Default Swaps. You never heard of them? It's time to take a look, then.
Wednesday, April 30, 2008
The Capitalist Workday, the Socialist Workday
This article was presented as initiating remarks to the "Roundtable Discussion on the Reduction of the Workday" held on April 24, 2008, at the Centro International Miranda, Caracas, Venezuela. The event brought together leaders from different union federations and currents, as well as a representative from the women's movement, to discuss the importance of the demand of the reduction of the workday in the lead up to May Day.
Thursday, April 3, 2008
Would You Like Change With That? An Analysis of Obamamania
Obama doesn't really have a movement behind him-he's got a fan club. How does a fan club hold a candidate accountable? Obama lust does embody some phantasmic longing for a better world-more peaceful, egalitarian, and humane. He'll deliver little of that-but there's evidence of some admirable popular desires behind the
crush. And they will inevitably be disappointed. But then there's great political potential in disillusion.
Thursday, February 28, 2008
Capitalism in an Apocalyptic Mood
Walden Bello probes the fading resiliency of global capitalism tracing its ability to dodge collapse to its capacity to create bubble economies one after the other to stave off impending stagnation. Today's burst housing bubble, he says, is only the latest of some 100 financial crises that have swiftly followed one another since the early 1980s. He looks at the chances it has to once again dodge the bullet. A fascinating read.
