The Bail Out Business is the most comprehensive and thorough analysis of the response to the 2008 financial crisis to understand who benefits from rescue packages in the EU. How effective were the bail out measures? What were the hidden costs to the taxpayer? and what was the role of the Big Four (audit firms) and financial consultancy firms in the business of designing and implementing bail out programs in EU Member States?
Privatisations of state-owned assets have become a central plank of EU/Troika agreements with debtor nations such as Greece, Ireland, Italy, Spain and Portugal, but there has been little examination of their track record nor an examination of who really benefits. This report puts a spotlight on the legal and financial corporate giants making millions out of the new wave of privatisations across Europe.
With important victories at the local, national and regional level, the Water Movement provides key lessons for the resistance against the privatization of public services in Europe. As the authors explain, "Referendums and other forms of popular consultation such as the European Citizens' Initiative have proved of strategic use in exposing undemocratic austerity policies."
On the 15-16th of May, representatives from organisations across Europe gave testimony to an era of financial, economic and social crisis which began in 2008. Their verdict? The EU's policies have taken Europe on a course towards social and political regression.
Peter Whittaker reviews How to win the Class War by Susan George for the New Internationalist: "The biggest danger to capitalism would be co-operation between the range of social forces opposing neoliberal control".
Liam Barrington-Bush reads Susan George’s new book, ‘How to Win the Class War: The Lugano Report II,’ and, while impressed by its breadth of information, is left wondering if more intellectual criticisms of capitalism are going to help us get out of the mess the free market has created.