"The banks are ours!" Public money was used to bail out the banks, and now they are lending back to the public at interest, while governments ignore the social and environmental crises that confront society. It is time to demand real solutions that will work not only for the sake of the economy but for the lives and conditions of people on whom it depends.
A new bill has been passed in Russia that will extensively roll back Government funding of education, the arts and social services - by introducing per capita financing - that will punish smaller towns and downgrade quality in the larger ones.
"The financial crisis" is one facet of the systemic and converging crises of capitalism - a predictable symptom of oligopolistic late capitalism; but what main challenges lie ahead for the Left in South Africa?
This paper examines global inequalities and the future of capitalism and socialism through an investigation of the oligarchic wealth on which the current global order is based and also looks at growing challenges to these social foundations of the present global system.