Saturday 4 June 2011

If This Is Not War, What Is?


By Michael Hudson

At issue is whether Greece, Ireland, Spain, Portugal and the rest of Europe will roll back democratic reform and move toward financial oligarchy. The financial objective is to bypass parliament by demanding a “consensus” to put foreign creditors first, above the economy at large.



Policymakers Have Made Another Depression Unavoidable

By Mike Whitney

If you slash government spending, lay off workers, and trim the deficits, then spending will slow, incomes will shrivel, GDP will wither, and the economy will slip back into recession.


Calls to Legalise Cannabis and Ecstasy

By Guy Adams

A panel of world leaders called yesterday for the biggest shake-up of drug laws in half a century. "The global war on drugs has failed, with devastating consequences for individuals and societies around the world," declared the Global Commission on Drug Policy.