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In autumn 2008 big banks in the world’s richest countries went bust. Governments bailed them out or nationalised them. The sharp end of the crisis was swivelled to point at governments, and their ability to manage debt, rather than at the banks. The governments have managed the sequel by giving priority to getting banks profitable and independent again, and making the working class pay. That is the story behind the “bail-outs” of Greece, Ireland, and Portugal, and Greece’s second “bail-out”, currently being negotiated.
“To understand the role played by productive and reproductive labour (salaried and non-salaried) in ensuring capitalist accumulation is also to understand that only living labour, because it is the very condition of the profits of a small minority of exploiters, is able to overthrow the yoke of capital, through the collective struggle for its emancipation.”
Since the dawn of capitalism the logic of collective commons has been systematically challenged by the capitalist class through commodification and private appropriation of wealth.
The destruction and grabbing of collective commons cadtm.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cadtm.org Daily Mail and Mail on Sunday newspapers.
Les livres du mois, octobre 2021 - Le Monde diplomatique monde-diplomatique.fr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from monde-diplomatique.fr Daily Mail and Mail on Sunday newspapers.
Le choc de la réindustrialisation regards.fr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from regards.fr Daily Mail and Mail on Sunday newspapers.
Work less, pollute less mondediplo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondediplo.com Daily Mail and Mail on Sunday newspapers.
La neutralité des banques centrales face à la crise climatique est un leurre liberation.fr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from liberation.fr Daily Mail and Mail on Sunday newspapers.