Economic Update: U.S. Midterm Elections

Economic Update: U.S. Midterm Elections

November 20, 2018

This week: Updates on how China hits back economically; capitalism surviving in Italy through explosive debt creation; why lotteries have heavy economic costs; how Grinnell College undergraduate workers successfully organized; Professor Wolff interviews Prof. David Harvey on a Marxist view of the US midterm elections: causes and consequences

Genoa Bridge Disaster Plays Into Hands of Italy’s Far-Right

August 15, 2018

The death toll from a bridge collapse in the Italian city of Genoa has reached at least thirty-nine. The tragedy has ignited national frustration with crumbling infrastructure and economic austerity — and it’s Italy’s far-right that has taken most advantage. We speak to Steve Hellman, professor emeritus at York University.

America’s Regime Change Toolbox

June 30, 2018

By Barbara Koeppel / Truthdig. Regime change here, regime change there. Officials argue for or against it and the press and media routinely report on it. There are good guys (the U.S. and its current allies) and bad ones. Although the list shifts—today North Korea is trustworthy, Canada is not—one thing is unchanged: Regime change…

Class Fragmentation and the Collapse of Italian Politics

June 5, 2018

Italy’s new anti-establishment coalition government, between the right-wing League and the center-left 5-Star Movement is a symptom of the implosion of Italian politics, which has its roots in the fragmentation of Italy’s working class and of its leftist parties, explains Il Manifesto co-founder Luciana Castellina

The New York Times Editorial Board’s Incoherence on Italian Austerity and the Euro

June 4, 2018

William K. Black June 2, 2018     Bloomington, MN (Third in a series of articles on Italy, Austerity, and the euro) The New York Times’ editorial board published a May 29, 2018 editorial about Italy’s ongoing political and financial issues that praised austerity in Italy. The board cheered the anti-democratic appointment of “Carlo Cottarelli, a solidly…

Italy: Going down the wrong path

June 1, 2018

By Heiner Flassbeck / We are entering the next round of events in Italy and the wheels are spinning ever faster as we head for a train crash resulting in the end of the euro and the European Union. Northern Europe and Europhile doubters in the South foaming at the mouth with rage against…

Unemployment at the Heart of Italy's Economic Crisis

Unemployment at the Heart of Italy’s Economic Crisis

June 1, 2018

Italian President calls on Five Star and Lega to choose another Finance Minister if they wish to form a government.  Economist Bill Black and Mark Weisbrot discuss the political dynamics and the economic crisis

The EU Commission’s In-House Bigot Invites Financiers to Extort Italian Voters

May 31, 2018

By William K. Black May 30, 2018     Bloomington, MN The European Union’s (EU) leadership continues to prove our family rule that it is impossible to compete with unintentional self-parody. “EU leadership” is an oxymoron, largely composed of regular morons. Consider only two examples — European Commission (EC) President Jean-Claude Juncker and Commissioner and Budget and Human…

Italy's Political Crisis & New Elections: An Opportunity for the Far-Right?

Italy’s Political Crisis & New Elections: An Opportunity for the Far-Right?

May 29, 2018

Italy’s president Sergio Matarella has thrown the country’s politics into turmoil when he rejected the parliament’s chosen Prime Minister and instead chose a former IMF economist as Prime Minister, in order to save Italy’s standing in the European Union. But he seems to have miscalculated and provided an opening for the far-right, explains Prof. Steve…

Italian Populist Parties About to Form "Highly Unstable" Government

Italian Populist Parties About to Form “Highly Unstable” Government

May 15, 2018

The rightwing League and the progressive-populist 5-Star Movement are about to form a new coalition government in Italy. However, given the large number of differences between the parties and Silvio Berlusconi’s efforts to undermine the government, it might not last long, says Prof. Steve Hellman