Monthly Archives: May 2013

Sergio Tzotzes: A Short Outlook on the Complex “Debt

 – Austerity Policy – Financialisation – Capitalist Oligarchies – Hegemony – Socio-Ecological Reconstruction/Transformation – and the Especially Dramatic Dimensions of the Greek Case”

The EU’s response to the economic crisis establishes across member states a regime of permanent austerity at considerable damage to the economy, the social fabric and workers. Acting against common sense and avoiding economic policies that could benefit the common good, the worst alternatives are chosen from the arsenal of neoclassical economics. The markets are conceived in a godly fashion as able to solve all problems. Continue reading

Claude Serfati: Some Proposals for the Debate

From a theoretical perspective, the analysis has to start from capitalism as a socio-economic system pushed forward by an unrelentless quest for valorization of capital. Capital is based on socio-economic relations, it is not reducible to its material representation – it is not a thing (e.g. a machine). For almost two centuries, capitalism has been able, through huge periods of economic and social disasters (classical” overaccumulation crisis, world and regional wars, overuse of natural resources, etc.), to overcome its large internal contradictions. Continue reading

3. EU Experts’ Discussion 4.-6. October, RLF Berlin

ESF-Frauen-600x310At the end of our second EU experts’ discussion (November 2012) we agreed to continue analyzing the complex of debt – austerity policy – financialisation – capitalist oligarchies – production and consumption patterns – hegemony – socio-ecological reconstruction/transformation – and the specially dramatic dimensions of the Greek case.

Reflecting our discussions (and continuing the analysis) at the beginning of 2013 we proposed to focus on the triangle of financialisation – capitalist oligarchies/hegemony – production and consumption patterns.

In April we continued: Three issues will be central to our work

The influence of austerity policy, the policies of the EU and its member
states on financialisation and its actors. In other words: the connections and interrelations between austerity policy, the policies of the EU and its member states on the one hand and financialisation and its actors on the other hand (1)

The role of the different stake-holders (and especially of the shareholders and managers) in the financialisation process (2)

The consequences for work on political strategies and for further research (3).

100th Anniversary of “The Accumulation of Capital: A Contribution to an Economic Explanation of Imperialism”: A Century-Old Work Remains Current, Provocative and Seminal

Rosa19.5.A hundred years since the first Berlin edition of “The Accumulation of Capital: A Contribution to an Economic Explanation of Imperialism,” no one needs a commemorative address to introduce the work. The work is still being referenced by scholars, writers and people all around the world who fight for democracy and justice; for a life of dignity, solidarity and ecological responsibility; and for socialism. Its continued prominence is a tribute to its author, her academic methodology and the topicality of the questions she posed, yet also demonstrates a corresponding weakness in the modern Left, particularly among socialists. Continue reading