Exclusively in the new print issue of CounterPunch
HOW MODERN MONEY WORKS — Economist Alan Nasser presents a slashing indictment of the vicious nature of finance capitalism; The Bio-Social Facts of American Capitalism: David Price excavates the racist anthropology of Earnest Hooten and his government allies; Is Zero-Tolerance Policing Worth More Chokehold Deaths? Martha Rosenberg and Robert Wilbur assay the deadly legacy of the Broken Windows theory of criminology; Gaming the White Man’s Money: Louis Proyect offers a short history of tribal casinos; Death by Incarceration: Troy Thomas reports from inside prison on the cruelty of life without parole sentences. Plus: Jeffrey St. Clair on how the murder of Michael Brown got lost in the media coverage; JoAnn Wypijewski on class warfare from Martinsburg to Ferguson; Mike Whitney on the coming stock market crash; Chris Floyd on DC’s Insane Clown Posse; Lee Ballinger on the warped nostalgia for the Alamo; and Nathaniel St. Clair on “Boyhood.”
Archives by Tag 'European Union'
Europe Blinking Red
MIKE WHITNEY
German parliamentarians reaffirmed their commitment to the Euro-project on Thursday by approving an expansion of the European Financial Stability Facility (EFSF). The balloting provided the landslide victory (523 to 85) that German Chancellor Angela Merkel needed to reest...
The Real Crisis in the Eurozone
MARK WEISBROT
Three months ago I wrote ...
The Fear Gauge in the Eurozone
MIKE WHITNEY
Funding fears, political gridlock and plunging stocks have pulled the eurozone deeper into crisis. On Friday, the gauges of market stress continued to widen signalling more turbulence in the days ahead. Libor –the rate at which London-based banks borrow from each o...
The Great Greek Bond Bazaar
Éric Toussaint
In July-September 2011 the stock markets were again shaken at international level. The crisis has become deeper in the EU, particularly with respect to debts. The CADTM  interviewed Eric Toussaint about various facets of this new ...
A Short Fable From the Eurozone
MIKE WHITNEY
Let’s say you wanted to start a new country, but you knew nothing about civil institutions, bureaucracy or history. All you cared about was creating an environment that was good for business, where budget discipline and trade agreements were the law of the land....
Geithner’s European Junket
MIKE WHITNEY
 On Thursday–exactly 3 years after Lehman Brothers defaulted igniting the greatest financial crisis in 70 years–the world’s most powerful central banks launched a massive intervention to staunch a liquidity squeeze in the...
EuroZone Deathwatch
MIKE WHITNEY
There’s no way to overstate the calamity that’s unfolding across the Atlantic. The eurozone is imploding. The smart money has already fled EU banks for safe quarters in the US while political leaders frantically look for a way to prevent a seemingly-unavoidabl...
The Coming of EuroTARP
MIKE WHITNEY
The Bundestag will have one chance to stop Angela Merkel’s plan to provide hundreds of billions of dollars to underwater EU banks that made bad bets on sovereign bonds. If the German parliament fails to block Merkel on September 23,  then–under the “exp...
Eurozone Crackup
MIKE WHITNEY
“We believe that the market has now entered a major downtrend. It is a mistake to dismiss the slide we’ve seen to date as mindless and devoid of fundamentals as many strategists maintain. These are not just scary headlines—-they are scary fundamental...
The European Dream and the Turkish Reality
DOMINIKA KRUSZEWSKA
In Greek mythology, King Sisyphus was sentenced to eternal senseless labor as a punishment for insulting the gods. Until the end of time, he must push an enormous stone up the hill only to have it roll back over and over again. Ay?e Kas?o?lu, a Turkish prof...
Breakup of the Eurozone?
MICHAEL HUDSON
Last month Iceland voted against submitting to British and Dutch demands that it compensate their national bank insurance agencies for bailing out their own domestic Icesave depositors. This was the second vote against settlement (by a ratio of 3:2), and Ic...