Archive for the ‘Economics’ Category

212 pages; softcover.  Price: $20.00 USD (plus shipping: $5.00 US, $22.50 int’l); published by Marxists Internet Archive; ISBN: 978-0-692-88676-2

Orders:  http://www.erythrospress.com/store/mariategui.html

José Carlos Mariátegui (1894-1930), the founder and director of the seminal journal Amauta and of the Peruvian Socialist Party, is regarded as one of Peru’s, and Latin America’s most influential and original Marxist thinkers.  Indeed, in the three-quarters of a century since his death, interest in Mariátegui and his ideas has waned but little, if at all.

The main selection in this volume, History of the World Crisis, consists of a series of lectures delivered to workers’ schools by Mariátegui upon his return to Peru after a four-year stay in Europe.  In those seventeen lectures, delivered between June 1923 and January 1924, Mariátegui insightfully and incisively examines the post-World War I world crisis, the weakening of (more…)

 

 

 

 

 

 

 

 

(Jacinda illustrations from John Moore facebook page)

Jacinda – Labour’s most pleasant leader

Jacinda redefines fairness

Jacinda’s aspirational fluff

Jacinda’s plan of hitting workers with more indirect tax

Jacinda’s party and bourgeois respectability

and for our wider collection of articles on Labour see: Redline on the Labour Party

 

A group of artists are continuing the conversation Metiria Turei MP started – demanding a more compassionate social welfare system. They asked artists who have been on a benefit in NZ (DPB, sickness, invalids, jobseeker, whatever) to draw a picture of themselves, and write a couple of sentences next to it about their experiences.
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Background text:
“ME: I’m a solo mum of two kids, and studying full-time to gain a better future for us. And you’re saying my benefit will be cut if I don’t look for 20 hours work, as well? How am I supposed to juggle all that and still barely have the money to pay for after-school care? (more…)

by Susanne Kemp

The Metiria Turei case certainly brought a lot of mean-spirited people with double standards out of the woodwork.  People who vigorously defended John Key’s electoral fraud and Bill English’s rorting of the public purse for the polticians’ equivalent of accommodation supplement mounted their moral high horse to condemn Metiria Turei.

Unfortunately, people with these kinds of double standards have the power to inflict them on (more…)

by Daphna Whitmore

Although women got the vote in the late 19th century, now well into the 21st century we still do not have pay equity. While overt discrimination against individual female employees is no longer legal or socially accepted  in New Zealand women’s wages still lag by 12 percent.

Far from leading change, parliament is often the last to come to the party when social movements gather momentum.  The successful case of  caregiver Kristine Bartlett shows gender pay inequity is coming under pressure. After being paid only $14.46 an hour despite 20 years working at the same rest home, Bartlett’s case established a legal principle that paying women in predominantly female occupations less than men in occupations with similar skills and responsibilities may be illegal under the Equal Pay Act of 1972.

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The gender pay gap under Labour and National has barely budged

Following the Bartlett case National has introduced the Pay Equity Bill which would impose a number of new hurdles for women seeking pay parity. The bill is being opposed by all the parliamentary opposition and the (more…)

October 24, 2007: Merrill Lynch goes down

by Michael Roberts

It is exactly 10 years since the global financial crash began with the news that the French bank, BNP, had suspended its sub-prime mortgage funds because of “an evaporation of liquidity”.1

Within six months, credit tightened and inter-bank interest rates rocketed. Banks across the globe began to experience huge losses on the derivative funds set up to profit from the housing boom that had taken off in the US, but had started to falter. And the US and the world entered what was later called the great recession – the worst slump in world production and trade since the 1930s.

Ten years later, it is worth reminding ourselves of some of the lessons and implications of that economic earthquake.2 First, the official institutions and mainstream economists never saw (more…)

by Don Franks (Rewrite of Blind Alfred Reed song)

There was never a time when everything was cheap
But these days the cost of living is so steep
If you’re stuck on a benefit
You just know that you’ll be hit
Tell me – how can the poor folks stand such times and live?

Meritia used her platform for the poor
Like Oliver Twist, please sir, we want some more
The bourgeoisie wouldn’t let that ride
She was duly crucified
Tell me – how can the poor folks stand such times and live?

Not so long ago , Labour was little lead
Now everywhere you look is blazing red
Well, you can believe the dazzling spin
Just remember what class you’re in
Tell me – how can the poor folks stand such times and live?

Now in a few more days, we all get to vote
They say that means we’re all in the same boat
parliaments for the smug well dressed
Its not there for the dispossessed
Tell me – how can the poor folks stand such times and live?