Claude Serfati: 2014 – A Turning Point in the Economic and Geopolitical Situation

1) The hypothesis laid out in this paper is that a new turn in the international economic and geopolitical situation took place in the last months. On the economic side, not only it appears that the finance capital’s social and economic power has not been seriously dented by the new regulatory framework under way in different countries, but that it goes on thriving on the global bleak macroeconomic situation. Through the last years, mainstream economists’ main concern was EU deflation, a code name for depression. More

Judith Dellheim, Frieder Otto Wolf: On Industrial Policy

In addition to the posts from April 23th, April 30th, June 2nd, June 22th we publish two texts for the discussion on production and consumption structures and on conclusions for a socio-ecological transformation. Both texts were written for the EuroMemo Group meetings in 2013 and 2014.

Kees van der Pijl: The Financial Crisis and the War for Global Governance

This paper argues that in the transition from corporate liberalism to neoliberalism, the projection of global governance by the West replaces the previous recognition of bloc formation of non-Western states. The military build-up and counterrevolutionary interventions  under Reagan, and the revolt of the capital markets against Keynesianism coupled with unregulated finance, were the relays in this projection. In the same period the Israeli Far Right and their supporters in the United States re-baptised national liberation as terrorism. This made it possible to continue with record defence outlays and arms exports to Middle East and Asian clients. In the early nineties the US military-industrial complex  More

Stefanie Hürtgen: Some Reflections on Transnational Corporations and Labour in Europe

Since the beginning of the debate about Europeanization and Globalization we experience an overweight of analyses in Political Economy and about transnational corporations in particular, without paying the same categorical attention to understand processes and dynamic’s on the side of labour. Concerning Europe, some authors even state that we experience the development of a transnational European capitalist class. More