Fri18052012

Last update08:00:57 PM GMT

Back World

World

Weisbrot and Krugman are wrong: Greece cannot pull off an Argentina

  • PDF

argentine greek flags

The circumstances Greece is facing today are genuinely different to those of Argentina a decade ago, meaning Greece cannot 'do' an Argentina. By Yanis Varoufakis.

Mark Weisbrot has been arguing, for some time now, that Greece must try to emulate Argentina; that is, to default on its debts not as a bargaining strategy that yields a New Deal within the Eurozone but, rather, in the context of exiting the Eurozone altogether and going it alone. Recently, Paul Krugman has endorsed this position (see here and here). I think they are profoundly wrong.

Add a comment

Read more...

Indignados take back Puerta del Sol on movement's anniversary

  • PDF

puerta del sol 12m15m

Thousands of indignados reoccupied Madrid's Puerta del Sol on Saturday as part of a global day of action to mark the anniversary of the movement. By Jérôme Roos.

Why would we need political parties if we can have a political party? That’s the question that rang through my head as I roamed around Puerta del Sol last night, climbing on top of the metro station to see a crowd of hundreds of thousands amassed in the square. In one corner, people were actively debating alternatives to capitalism and representative democracy — in another, hundreds were dancing wildly to the beats of a professional drum circle.

At midnight, the square was still crammed with people. Earlier, tens of thousands had marched to Sol from four different corners in the city. Walking along with the Southern march, we witnessed the incredible sight of more people joining us in every single neighborhood we passed through. In a sign that the 15-M movement has effectively decentralised itself, neighborhood assemblies amassed locally and then joined the larger marches to Sol.

Add a comment

Read more...

France, Greece, and the need for a new alliance

  • PDF

francois-hollande

A period of Greek ungovernability may be helpful to France's new president, and to Europe. By Yanis Varoufakis.

Greece and France go back a long, long way. The Greek revolution, that procured our small, and constantly problematic, nation-state, was a spinoff (to all intents and purposes) of the French revolution and the culmination of a Greek Enlightenment that owed everything to the French Enlightenment (and almost nothing to either its German or Scottish variants).

More recently, when I was a teenager in Greece, the restoration of our democracy coincided with the landing at Athens’s Ellinikon airport of the French presidential jet that was carrying back from exile Mr K. Karamanlis, a conservative politician who had spent the dictatorship years in Paris, befriending the French president and converting into a kind of Gaullist politician. It was this closely-knit duo of politicians, Vallery Giscard d’ Estaing, the French centre-right president, and Karamanlis, that persuaded both the Europeans and the Greeks that it was a good idea for Greece to enter the then European Economic Community.

Add a comment

Read more...

Ungoverned democracy: Greece after the elections

  • PDF

greek-election-results-2012

The results of the elections have brought an end to the post-Junta era in Greek history dominated by New Democracy and PASOK. But if this is a vote for something new, it is by no means clear what this "new" will be. By Iannis Carras.

There were no flags flying in Athens tonight.

As I take the metro home and walk through the half-empty streets of Athens shock is written all over people’s faces; shock or despair. The full moon stares down, accusingly.

The results of the elections have brought an end to an era in Greek history, the era of dominance of PASOK and New Democracy that lasted from the fall of the Junta in 1974 until today. Combined these formerly “catch-all” parties gained under 33% of the vote, with PASOK dropping more than 30%, ending up with just over 13%. Despite the large number of small parties that did not pass the 3% threshold to enter parliament, PASOK and New Democracy do not have a sufficient majority to form a coalition government.

Add a comment

Read more...

On Trayvon Martin and the cost of suspicion

  • PDF

trayvon martin protestFollowing the murder of Trayvon Martin, African American parents and families must now confront the very real possibility that a vigilante can murder their children in cold blood without legal penalty as a result of racist micro-aggression gone haywire. By Justin Hansford.

A few weeks ago, while walking to my car after teaching a class, I saw a white woman who was approaching me on the sidewalk clutch her purse on her hip, cross the street, and head past me continuing in the same direction.  Out of curiosity, I looked backwards, and I saw her cross back to my side of the street again after I had passed.

A few days later, as I shopped for some incidentals at a local convenience store, I looked up and suddenly realised that the Asian store owner had “coincidentally” decided to start reshelving items on my isle, shifting to the next isle every few minutes to coincide with where I was, until I finally paid for my items and left.

Add a comment

Read more...

Kony2012 take two: The illusion of progress

  • PDF

kony2012 part twoInvisible Children are back with a second Kony video - but the campaign’s short-term goals and expectations are still badly mismatched with the long-term and sustained efforts that are needed to effect progress on the ground. By Alexandra Buskie.

Hold on to your hat, the Hurricane Kony is on its way back! Will Invisible Children’s (IC) second video shoot to viral status in as little time as the first? I doubt it: it is not nearly as dramatised and the tone hasn’t quite the same urgency, although the last two minutes are quite something. This second video tries to answer some of the critiques laid against the first – this time round the voices of those affected by the violence perpetrated by the Lord’s Resistance Army are included, partnerships and collaborative projects on the ground are highlighted, and the importance of international support to local initiatives is stressed. In all, this video shows that the IC can do things differently. There is more meat in this video, but they have succeeded in delivering much the same message. The question is; why did they need two attempts to get it right?

Add a comment

Read more...

Navigating the distance between thoughtful advocacy and thoughtless action

  • PDF

kony2012By all means engage in a thoughtful, substantive critique of the Kony2012 campaign and the discourse within which it operates, but do not for one second attempt to re-colonise the conversation by drowning out the mission for stability in the region. By Áine Carroll.

In this hemisphere at least, Africa appears as little more than a salvage operation. The currency of this discourse is the commercial humanitarian campaign which uses a blend of typecast images to convey life as an unbearable marathon of suffering and abjection: mutilated victims in nameless wars, dead-behind-the-eyes child soldiers and passive, hollowed-out mothers holding distressed, starving infants at arms-length. First-worlders gaze through this diabolical space and wonder if it really is just an allegorical holding pen for a gazillion hungry, pathetic mouths. The hot mix of distended bellies and marauding flies is combined with an ignorance of the social and political context, generating a blueprint for the misinterpretation of an entire continental situation.

Add a comment

Read more...

Spain strikes against TINA, as the Eurozone watches on

  • PDF
spainish general strike

Last week's general strike in Span is only part of the opening act in a period in Spanish politics that may have major repercussions for the future of the Eurozone. By Benito Cao.

Spain’s general strike last week has sent a clear message to other Eurozone countries about how challenging it may be to implement labour market reform. 

The strike was mostly peaceful, with the exception of some violent incidents in Barcelona. While participation rates are disputed, it is clear voters are unhappy with deep labour reforms announced by the conservative government of Mariano Rajoy.

The majority government, which came to power last November, wants to make it easier to hire and fire workers, claiming such reform is essential to get Spain’s economy back on track and bring down the country’s 24% unemployment rate.

 

Add a comment

Read more...

Austerity will drive Spain into ECB-IMF bailout

  • PDF

mariano rajoyThanks to an overdose of austerity, it is highly likely that Spain will be pushed out of the finance markets - and into an IMF-ECB bailout programme - by the end of the year. By Aidan Regan.

The Spanish government, under the conservative Partido Popular, will impose €15bn in spending cuts and raise €12bn in tax, as part of a €27bn austerity program. The objective is to bring the budget deficit down from 8.5 to 5.8%. The cuts are spread across government departments whilst the revenue raising measures include an amnesty for tax evaders (aimed at raising €2.5bn) and a reduction in corporate tax breaks.

The purpose of this radical austerity program is to satisfy an arbitrarily imposed number from Europe. The obsession with reducing budget deficits to 3% in a context of mass unemployment (almost 25% in Spain) is not only economically illiterate but socially dangerous. European elites have refused Spain the flexibility to lift the target to 5.8% because it is wedded to an ideological framework that assumes the economic crisis can be traced to bad fiscal policy (overstretched budgets). In reality, it can be traced to the maniacs who control international finance markets, and who are now speculating against the Spanish state.

Add a comment

Read more...

More on Politico

Magazine Archive

Irish Current Affairs, 1968 - 2011

Politico contains digitised versions of several prominent Irish magazines published since 1968. Over 400 editions are available, which appear online just as they did in print. Access them here. Subscribe here.