Crisis opening in 2007

Marxist economists analyse the crisis

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Financial crisis
Author: 
Costas Lapavitsas/Leo Panitch/Fred Moseley/Michel Husson/Andrew Kliman/David Laibman/Simon Mohun/Trevor Evans/Robert Brenner
Antecedents and sequels of the crisis: discussion notes by Martin Thomas on the first two "rounds", November 2010.
December 2008 onwards: second comments, and some new contributors
1. Michel Husson: The Crisis of Neo-Liberal Capitalism
2. Fred Moseley: The Bondholders and the Taxpayers
3. Leo Panitch: The Chain Broke at its Weakest Link
4. Andrew Kliman: The Level of Debt is Astronomical
5. David Laibman: The Onset of Great Depression II: Conceptualising the Crisis
6. Costas Lapavitsas: The debacle of financialised capitalism
7. Robert Brenner: The economy in a world of trouble
8. Simon Mohun: The neo-liberal model is bust
9. Dick Bryan: The underlying contradictions of capitalist finance
March to June 2008:
1. Fred Moseley: The Long Trends of Profit
2. Costas Lapavitsas: A New Sort of Financial Crisis
3. Leo Panitch: The Crisis Depends on the Fightback
4. Simon Mohun: An Era of Rampant Inequality
5. Trevor Evans: The Imbalances in the System are Unsustainable
6. Dick Bryan: The Inventiveness of Capital
7. Michel Husson: A Systemic Crisis, Both Global and Long-Lasting
Appendix: AWL 2008 conference document on the world economy

AWL London forum: Why we need a "workers' plan for the crisis" and a "workers' government"

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Date: 
11 December, 2008 - 19:30 - 21:15
Location: 

The Calthorpe Arms, 252 Grays Inn Road, Kings Cross, London

Description: 

Capitalist crisis - how should the working class respond?
The case for a "workers' plan for the crisis" and a "workers' government"

Organised by London Workers' Liberty

As the bosses seek to make workers pay for their crisis through wage cuts, job losses, cuts in services and repossessions, how should the labour movement respond? How do we effectively defend ourselves, and what should our broader goals be? We will be putting forward our workers' plan for the crisis and arguing that the labour movement should aim for a "workers' government", while also considering other responses on the left.

Speakers: Maria Exall (CWU national executive, pc), Steve Hedley (RMT London Transport Region secretary, pc), Sacha Ismail (Workers' Liberty)
Plus a speaker on the upcoming student national demonstration

Chair: Christine Hulme (PCS DWP West London, Labour Repesentation Committee national committee, pc)

All welcome

Euro-leaders set course for worse crisis

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Author: 
Martin Thomas

By Martin Thomas

David Cameron's veto, on 9 December, of the plan for a new economic treaty backed by all 26 other European Union governments, may shake British politics and Britain's future relations with the EU. The 9 December summit itself may shake more. The 26 adopted a plan which has little chance of smoothing the financial crisis shaking the eurozone, and may make it worse.

The endless bailout of Europe

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Author: 
Michel Husson

By Michel Husson

La décision de Georges Papandreou, le premier ministre grec, de soumettre l’accord du sommet européen à référendum marque une nouvelle étape dans la crise européenne. Il faut d’abord situer cette crise dans la durée, pour bien en comprendre les causes et les enjeux.

The endless bailout of Europe

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Author: 
Michel Husson

By Michel Husson (2 November 2011)

In French: below or at http://hussonet.free.fr/bailout11f.pdf.
The decision by Greek prime minister Georges Papandreou to put the Eurosummit agreement to a referendum marks a new step in the European crisis. To understand the causes and what is at stake in this crisis, we must first situate it in the broad sweep of events.