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Michael Roberts - The euro crisis is a crisis of capitalism

The euro crisis is not a crisis of the euro, but a crisis of capitalism. Capitalism has suffered a major global slump of unprecedented proportions that mainstream economics did not see coming, cannot explain and has no policies to deal with. The Euro project, a product of France-German capitalism to compete in world markets, has been put under immense stress as a result. Neither the policies of austerity (cuts in government spending and reductions in public debt) adopted by the Euro leaders nor the Keynesian alternatives espoused (more government spending and borrowing, devaluation and leaving the euro) will restore sustained economic growth. Advanced capitalism is in a Long Depression that will only end when the profitability of the productive sector of capitalist production recovers. That may take longer than the euro project can bear.
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real utopias
Not TINA (There Is No Alternative) but TAPAS: THERE ARE PLENTY OF ALTERNATIVES
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David Harvey’s Course on Marx’s Capital: Volumes 1 & 2 Now Available Free Online

David Harvey’s Course on Marx’s Capital: Volumes 1 & 2  Now Available Free Online | real utopias | Scoop.it
For many people, the arguments and analysis of Karl Marx’s three-volume Das Kapital (or Capital: A Critique of Political Economy) are as relevant as ever. For many others, the work is a historical curiosity, dated relic, or worse.
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Joshua Wong says Occupy protests should not end yet despite mass opposition - South China Morning Post (subscription)

Joshua Wong says Occupy protests should not end yet despite mass opposition - South China Morning Post (subscription) | real utopias | Scoop.it
Scholarism leader Joshua Wong Chi-fung today said the storming of the Legislative Complex on Wednesday was "inappropriate", but failed to give a clear answer on whether the offenders should be condemned for their actions....
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Split within Occupy deepens as splinter group challenges leadership - South China Morning Post (subscription)

Split within Occupy deepens as splinter group challenges leadership - South China Morning Post (subscription) | real utopias | Scoop.it
The split among pro-democracy protesters deepened last night with radicals confronting the campaign leadership to demand an equal say on the movement....
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Occupy London activists attempt to set up camp in Parliament Square

Occupy London activists attempt to set up camp in Parliament Square | real utopias | Scoop.it
Scuffles break out with police as about 100 protesters return to site where series of confrontations took place last month
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Free Documentary Online | Living in the End Times (According to Slavoj Zizek)

Free Documentary Online | Living in the End Times (According to Slavoj Zizek) | real utopias | Scoop.it
Slovenian philosopher Slavoj Zizek, akaThe Elvis of cultural theory, is given the floor to show of his polemic style and whirlwind-like performance...
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New Statesman | Why are Occupy Democracy protesters staging another occupation in London?

New Statesman | Why are Occupy Democracy protesters staging another occupation in London? | real utopias | Scoop.it
Braving the damp weather, Occupy protesters have occupied a square in front of the Supreme Court, calling for a movement for representative and participative democracy.
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Occupy founders advise Hong Kong protesters to retreat as support dips - CNN

Occupy founders advise Hong Kong protesters to retreat as support dips - CNN | real utopias | Scoop.it
The originators of the Occupy Central movement suggest protesters should retreat, as a new poll shows support for the movement flagging.
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Occupy Democracy demo: Live updates as group protests in Parliament Square - Mirror.co.uk

Occupy Democracy demo: Live updates as group protests in Parliament Square - Mirror.co.uk | real utopias | Scoop.it
A three day demonstration begins at 6pm tonight - we bring you the latest updates
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Noam Chomsky (2014) "Advice To Intellectuals"

Full Interview -- https://www.youtube.com/watch?v=Qxab6i9Qxyk Date -- June 4, 2014.
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Untitled — Noam Chomsky (2014) “The Future of Humanity” - Linkis.com

Untitled — Noam Chomsky (2014) “The Future of Humanity” - Linkis.com | real utopias | Scoop.it
Noam Chomsky (2014) “The Future of Humanity”
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Students are right to march against the markets. Why can’t education be free?

Students are right to march against the markets. Why can’t education be free? | real utopias | Scoop.it
David Graeber: After the 2008 crash, the most sensible reform would have been to make the financial system more like education, not vice versa
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Mexico's Renewables Revolution Creates Tension - IEEE Spectrum

Mexico's Renewables Revolution Creates Tension - IEEE Spectrum | real utopias | Scoop.it
Demand for wind energy brings opportunities to engineers but angers some locals
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When Piketty Argued for Income Redistribution, He Changed Economics - The Fiscal Times

When Piketty Argued for Income Redistribution, He Changed Economics - The Fiscal Times | real utopias | Scoop.it
Thomas Piketty’s Capital in the Twenty-First Century is beginning to receive
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US-China Climate Accord is Neither "Historic" nor a "Landmark" - The Real News Network

US-China Climate Accord is Neither "Historic" nor a "Landmark" - The Real News Network | real utopias | Scoop.it
While it is important for China and the US, the two largest CO2 emitters, to walk hand in hand in cooperation, the agreement lacks "all of the above strategies" required to achieve the necessary reductions, says Janet Redman of IPS and Professor Minqi...
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Terry Eagleton: "The End of the Humanities" - YouTube

Terry Eagleton's Spring 2013 public lecture entitled "The End of the Humanities" and delivered April 24, 2013. Between Fall 2009 and Spring 2014 Eagleton has visited Notre Dame each semester as the English Department's Excellence in English Distinguished Visitor to teach a graduate seminar and give public lectures.

MEER WEERGEVEN
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Mike Treen: A critique of crisis theory - Links International Journal of Socialist Renewal

Mike Treen: A critique of crisis theory - Links International Journal of Socialist Renewal | real utopias | Scoop.it
Mike Treen: A critique of crisis theory Links International Journal of Socialist Renewal That is, capitalism goes through periods of several decades such as the post-World War II “long boom” involving multiple cycles where the upturns are...
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Political Islam in neoliberal times - Open Democracy

Political Islam in neoliberal times - Open Democracy | real utopias | Scoop.it
Neoliberalism devours other competing world-views through the commodification of cultural difference—turning a tidy profit. Wrest this monopoly on political readings of Islam away from capital and authoritarianism.
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"Pussy Riot Is a Mask": The Prison Letters of Nadya Tolokonnikova and Slavoj ... - PopMatters

"Pussy Riot Is a Mask": The Prison Letters of Nadya Tolokonnikova and Slavoj ... - PopMatters | real utopias | Scoop.it
The prison correspondence of Tolokonnikova and Zizek might not change the world, but it ought to be required reading for those with such aspirations.
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Pussy Riot members join whistleblower foundation backed by Julian Assange - The Guardian

Pussy Riot members join whistleblower foundation backed by Julian Assange - The Guardian | real utopias | Scoop.it
Nadezhda Tolokonnikova and Maria Alyokhina to sit on advisory board of Courage Foundation, which fundraises for legal defence of whistleblowers
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Ukraine’s uprising against NATO, neoliberals and oligarchs – an interview with Boris Kagarlitsky | A Socialist in Canada

Ukraine’s uprising against NATO, neoliberals and oligarchs – an interview with Boris Kagarlitsky | A Socialist in Canada | real utopias | Scoop.it
Ukraine’s uprising against NATO, neoliberals and oligarchs – an interview with Boris Kagarlitsky |http://t.co/cVIeTqI9iu
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It's still not too late for Occupy to end well - South China Morning Post (subscription)

It's still not too late for Occupy to end well - South China Morning Post (subscription) | real utopias | Scoop.it
Yvonne Li says even as the clearance begins, there's still time to heal the rift in society, but the community needs to step up and help persuade protesters to leave voluntarily
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The Economist Went Full Occupy Wall Street On Bankers - Business Insider

The Economist Went Full Occupy Wall Street On Bankers - Business Insider | real utopias | Scoop.it
The Economist, traditionally a pro-capitalism...
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A peaceful exit is the only option for Occupy Central protesters - South China Morning Post (subscription)

A peaceful exit is the only option for Occupy Central protesters - South China Morning Post (subscription) | real utopias | Scoop.it
The impasse over the Occupy protests has dragged on for more than 50 days. A court ruling could see one of the blockaded sites cleared today, with the police on hand to help bailiffs. The imminent action will be a crucial step.
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Seattle Is Doing What No Other City in America Has Done

Seattle Is Doing What No Other City in America Has Done | real utopias | Scoop.it
The City Council has doubled down on its trend-setting $15 wage by accelerating its implementation for city workers, ensuring the wage will be raised in 2015 rather than being phased in over the course of the next three years. 
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Curated by jean lievens
Economist, specialized in political economy and peer-to-peer dynamics; core member of the P2P Foundation