Capitalism’s tendency is towards concentration. In its late phase, that concentration is fundamentally financial, which causes the distortion of the entire economy, as it becomes oligarchic and all for profit. …
Read More »Geopolitics
Europe: perspectives for what remains of 2012
Recession does not fold in Europe. Particularly, unemployment in the Euro Zone set a new historic record again after reaching 11.1%. Evidence of the profound deterioration added to extra-zone pressure, …
Read More »European Frogs
The first political corollary of the financial crisis is the emergence of negative majorities, meaning the advance of extremes over the center. Meanwhile, leaders at the center of the system …
Read More »Global crisis: adjustment or transformation
‘Adjustment’ is associated to a socioeconomic policy that faces crisis by focusing on public expenditure and public and private over-indebtedness reduction. Leveling public accounts would reinstate ´normal’ economic functioning, although …
Read More »The European crisis in perspective
Instead of solving its crisis, the European Union postpones and prolongs it. This state of irresolution suggests a more serious and profound evil: the loss, perhaps final, of historic vitality. …
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