TheRealNews on Feb 14, 2012
Michael Hudson: Greek crisis used to find out how far finance can drive down wages and privatize
Crossposted with permission from www.socialistproject.ca/bullet/
by Panagiotis Sotiris
Socialist Project | The Bullet
February 14, 2012
On Sunday 12 February 2012 the people of Greece, in demonstrations and street fights all over the country expressed in a massive, collective and heroic way their anger against the terms of the new loan agreement dictated by the EU-ECB-IMF ‘troika’ (Eurpoean Union, European Central Bank, International Monetary Fund). Workers, youth, students filled the streets with rage, defying the extreme aggression by police forces, setting another example of struggle and solidarity.
Today, (November 6th), Cindy welcomes William Blum, who is an American author, historian, and critic of United States foreign policy. He studied accounting in college. Later he had a low-level computer-related position at the United States Department of State in the mid-1960s. Initially an anti-communist with dreams of becoming a foreign service officer, he said he became disillusioned by the Vietnam War. Continue reading
Nov 3 2011
AMY GOODMAN: World leaders are gathering in Cannes for the opening of the Group of 20 summit today. That’s the G20 summit. On the top of the agenda is Greece and the European debt crisis. The Greek prime minister, George Papandreou, is coming under intense criticism from European leaders for allowing the Greek people to decide if they want to accept the conditions of a $179 billion E.U. bailout. Continue reading
The Corbett Report
31 Oct 2011
Michael Hudson, President of The Institute for the Study of Long-Term Economic Trends (ISLET), joins us to discuss the example of Iceland’s struggle against the banking oligarchy. We examine the history of Iceland’s debt crisis, the government that has effectively signed the country over to the debtors, and the people’s efforts to reclaim their economy. We also look at parallels in the Greek situation and ask what we can learn from what the Icelandic people are going through.
MaxKeiserTV on Nov 2, 2011
Global stock markets have plunged over Greece’s shock announcement that it would hold a referendum on an EU bailout deal.
The decision has raised fears that a rejection of the unpopular EU agreement will renew risks of a Greek default and might even force the country to leave the eurozone.
In late June of 2011, the Greek government passed another round of austerity measures, ostensibly aimed at getting Greece “back on track” to economic progress, but in reality, implementing a systematic program of ‘social genocide’ in the name of servicing an endless and illegitimate debt to foreign banks. Right on cue, protests and riots broke out in Athens against the draconian measures, and the state moved in to do what states do best: oppress the people with riot police, tear gas and bashing batons, leaving roughly 300 people injured.
Updated: July 16, 2011; added transcript
The jobless recovery; the debt ceiling and default; China; Greece; banks, not countries, receive the bailouts; financial warfare; IMF and EU; European Central Bank; US credit default swaps; US agricultural exports create food dependency; currency devaluation devalues the price of labor; class war of banks against the rest of society
RussiaToday on Jul 7, 2011
This week Max Keiser and co-host, Stacy Herbert, report on selling Greece’s sovereignty and Spain’s El Gordo. In the second half of the show, Max talks to economist Michael Hudson about the IMF assassins sent in to destroy the Greek economy.
It’s an accumulative kind of thing, the demise of capitalism worldwide: at first the waning and the dwindling, now the rapid corkscrew-like downwards spiraling, of greedy, vicious, cannibalistic capitalism busily devouring itself. Today, one can only conclude the imminence of its just demise.
To say we were striving for a one-world government is exaggerated, but not wholly unfair. Those of us in Bilderberg felt we couldn’t go on forever fighting one another for nothing and killing people and rendering millions homeless. So we felt that a single community throughout the world would be a good thing. — Denis Healey, 30-year member of the Steering Committee of the Bilderberg Group
Financial strategists do not intend to let today’s debt crisis go to waste. Foreclosure time has arrived. That means revolution – or more accurately, a counter-revolution to roll back the 20th century’s gains made by social democracy: pensions and social security, public health care and other infrastructure providing essential services at subsidized prices or for free. The basic model follows the former Soviet Union’s post-1991 neoliberal reforms: privatization of public enterprises, a high flat tax on labor but only nominal taxes on real estate and finance, and deregulation of the economy’s prices, working conditions and credit terms.