[Marxism] Screwed by vulture funds, Puerto Rico is the US's 'Greece'

[Stuart Munckton via Marxism]

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The world has been focused on the spectacle of the “Troika” of the
International Monetary Fund, European Union and the European Central Bank
crushing the Greek people, but it is far from the only example of strong
nations using a “debt crisis” to extract more wealth from those that are
weaker.

A case in point is the US colony of Puerto Rico. In a June 28 *New York
Times* interview, the governor of the Caribbean archipelago nation declared
its debt of US$73 billion “is not payable. There is no other option. I
would love to have an easier option. This is not politics. This is math.”
https://www.greenleft.org.au/node/59595


-- 
“Disobedience, in the eyes of anyone who has read history, is humanity’s
original virtue. It is through disobedience that progress has been made,
through disobedience and through rebellion.” — Oscar Wilde, Soul of Man
Under Socialism

“The free market is perfectly natural... do you think I am some kind of
dummy?” — Jarvis Cocker
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[Marxism] Prison violence

[Philip Ferguson via Marxism]

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This article relates to stuff that has ocme in NZ over the past week, but I
think it's relevant all over the capitalist world:

https://rdln.wordpress.com/2015/07/27/prison-violence-wheres-it-heading/

Phil
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[Marxism] Labour Party in NZ targets the Chinese (again)

[Philip Ferguson via Marxism]

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In the early 1900s the Labour Party was at the front of the pack advocating
and attempting to strengthen the anti-Chinese 'White New Zealand' policy.

Over the past week they have been scapegoating the Chinese - well, to be
precise people with what the Labour leaders call "Chinese surnames" - for
buying up houses in Auckland and creating the shortages of affordable
housing for NZers.

Despite this ugly racism, Labour hasn't gotten a lift in the polls.  They
have, however, managed to put off quite a lot of people.

Philip Ferguson: "A stain that won't wash off - Labour's racist campaign
against those with 'Chinese surnames'":
https://rdln.wordpress.com/2015/07/23/a-stain-that-wont-wash-off-labours-racist-campaign-aganst-those-with-chinese-surnames/

Don Franks: "Race cards: Labour's advance on Henry Lawson":
https://rdln.wordpress.com/2015/07/24/race-cards-labours-advance-on-henry-lawson/

Daphna Whitmore: "Labour's attack on Chinese doesn't win support":
https://rdln.wordpress.com/2015/07/26/labours-attack-on-chinese-doesnt-win-support/

Also see:
"Chris Trotter and false recovered memory syndrome":
https://rdln.wordpress.com/2015/07/22/chris-trotter-and-false-recovered-memory-syndrome/
"Why do otherwise sane, well-meaning people hoose to delude themselves
about the Labour Party and make up rosy nonsense about its past?":
https://rdln.wordpress.com/2015/07/21/why-do-otherwise-sane-well-meaning-people-choose-to-delude-themselves-about-the-labour-party-and-make-up-rosy-nonsense-about-its-past/

Phil
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[Marxism] Spanish state: Catalonia hurtles towards showdown

[Stuart Munckton via Marxism]

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Dick Nichols

If a Catalan Rip Van Winkle were to wake up today after a sleep of only six
years, his disorientation with Catalonia would be as great as that of the
original Rip Van Winkle after he dozed right through the American War of
Independence.

https://www.greenleft.org.au/node/59592

-- 
“Disobedience, in the eyes of anyone who has read history, is humanity’s
original virtue. It is through disobedience that progress has been made,
through disobedience and through rebellion.” — Oscar Wilde, Soul of Man
Under Socialism

“The free market is perfectly natural... do you think I am some kind of
dummy?” — Jarvis Cocker
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[Marxism] Fwd: Impact of Social Sciences – How Academia Resembles a Drug Gang

[Louis Proyect via Marxism]

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The academic job market is structured in many respects like a drug gang, 
with an expanding mass of outsiders and a shrinking core  of insiders. 
Even if the probability that you might get shot in academia is 
relatively small (unless you mark student papers very harshly), one can 
observe similar dynamics. Academia is only one example of this trend, 
but it affects labour markets virtually everywhere. An important topic 
of research for labour market scholars at the moment is what we call 
“dualisation”. Dualisation is the strengthening of this divide between 
insiders in secure, stable employment and outsiders in fixed-term, 
precarious employment. Academic systems more or less everywhere rely at 
least to some extent on the existence of a supply of “outsiders” ready 
to forgo wages and employment security in exchange for the prospect of 
uncertain security, prestige, freedom and reasonably high salaries that 
tenured positions entail.


full: 
http://blogs.lse.ac.uk/impactofsocialsciences/2013/12/11/how-academia-resembles-a-drug-gang/

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[Marxism] more thoughts on reformism

[Gary MacLennan via Marxism]

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My previous post on reformism and the 2nd law of dialectics has sunk
without a trace. Briefly, I was endorsing the notion that the quantitative
piling of reform upon reform could produce a qualitative change. I hasten
to add that I have not swallowed my missing copy of Bernstein's *Evolutionary
Socialism*.  The capitalist class will never sit idly by and let reform
follow reform.  But to talk of concrete reforms is the way to mobilize the
apathetic for the inevitable struggle.  That for me is the lesson of
Syriza's rise and that of Podemos and Sinn Fein and the Scottish
Nationalists.

Of course, it is much more satisfying to talk of "nationalizing the banks
under workers' control" and to call that a "transitional demand" as one of
the participants did at the recent Kouvleakis-Callinicos debate. But it is
the kind of fast thinking that no longer has any purchase on the people.

There was a special irony in the Kouvleakis-Callinicos debate which seems
to have been lost on most of the participants.  They were there to debate
and castigate the mistakes of Syriza in government.  Fair enough.  I am all
for a brutally frank analysis of the Syriza capitulation and sell out as
comrades will know. But, when oh when will we ever have a gathering in
London to debate and castigate the mistakes of a British leftist government?

Let me now try to dip into British history and in doing so attempt to
answer some of Callinicos' comments on the British Labor Party.  I think
there are two crucial periods. First there was the acceptance of the
Keynesian compromise and the claiming of this as a kind of end of history.
Anthony's Crosland's *The Future of Socialism* (1956) is a convenient date
to mark the abandonment of the socialist reform agenda. The debate
concentrated on public ownership (Clause 4), but basically Crosland and co
 thought that the Keynesian welfare state was a necessary and sufficient
condition for the construction of socialism.

The next stage was Jim Callaghan's abandonment in 1976 of Keynesianism. The
British Labor Party ceased to be reformist in every sense.  It but needed
the advent of New Labour and Tony Blair to complete the logical
transformation of the party into a vanguard of neo-liberal modernization.

My point here is that one cannot use the history of the British Labour
Party as a paradigm for the inevitable failure of reform, because that
party had abandoned reform.  Of course the Bennites fought a rear guard
action and it was significant enough to force the Labour Party Right to
split off.

But the tragedy is that no mass anti-austerity party has yet emerged our of
the crisis of 2008. Corbyn's leadership bid might possibly lead to that
eventually.  Certainly should he win, the capitalists will do all they can
to force a split to the right. But if that is played correctly we could get
our broad anti-austerity formation that is so desperately needed.

comradely

Gary
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[Marxism] Defend building union organiser John Lomax against the criminalisation of union activity in Australia

[John Passant via Marxism]

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Defend building union organiser John Lomax against the criminalisation 
of union activity


This is part of a letter I sent on Sunday to the Canberra Times on the 
arrest and charging of building union organiser John Lomax. 'Unionists 
and union leaders should be very very worried about this attempted 
criminalisation of industrial activity. If successful it will undermine 
every union in Australia. The charges against Lomax are an attack on 
unionism.' Hit the link to read the whole letter.


http://enpassant.com.au/2015/07/27/defend-building-union-organiser-john-lomax-against-the-criminalisation-of-union-activity/


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[Marxism] sprigs of hope?

[Gary MacLennan via Marxism]

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http://www.theguardian.com/film/2015/jul/26/pedro-almodovar-podemos-indignados-spain

The above link is to an article on an open letter from cultural figures,
including the filmmaker Almodovar, urging unity on the Left.  It is
interesting to see that as Podemos apparently tracks to the right a new
broad front politics would appear to be opening to their left.

My ignorance of contemporary Spanish politics is very deep, I am ashamed to
say, but I welcome any development which emphasizes the need for and holds
the promise of broad left unity.  The article actually set me thinking
about what kind of politics I would like to see and would support.  The
answer surprised me even.  Really, I would like to see a revival of the
popular front politics of the 1930s.  My knowledge of the popular front
comes mainly from Lou's posts over the years.  "Popular Front" is also
something of a curse in Trotskyist circles. But the very idea of thousands
of artists and intellectuals supporting progressive politics "has set me
muttering like a fool" as Yeats put it.

comradely

Gary
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[Marxism] Fwd: Alexander Anievas and Kerem Nisancioglu on the Brenner thesis | Louis Proyect: The Unrepentant Marxist

[Louis Proyect via Marxism]

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The Brenner Thesis: Explanation and Critique

In what has become one of the most influential theorisations of 
capitalism’s emergence, Robert Brenner mobilised Marx’s emphasis on 
changing relations of production (for Brenner, reconceptualised as 
‘social property relations'”) in order to historicise the origins of 
capitalism in terms of class struggles specific to feudalism.” These 
struggles were determined by relations based on the appropriation of 
surplus from the peasantry by lords through extra-economic means: lords 
would habitually ‘squeeze’ agricultural productivity by imposing fines, 
extending work hours and extracting higher proportions of surpluses. In 
the 15th century, this sparked class conflicts in the English 
countryside, where serfs rebelled against their worsening conditions and 
won formal enfranchisement. The liberation of serfs from ties and 
obligations to the lord’s demesne in turn initiated a rise in tenant 
farming and led to increased market dependence, as peasants were turned 
away from their land and forced into wage-labour as an alternative means 
of subsistence. Although peasant expulsions were met with significant 
resistance, the strength and unity of the English state ensured victory 
for the landed ruling class.” This concentrated land in the private 
possession of landlords, who leased it to free peasants, unintentionally 
giving rise to ‘the classical landlord—capitalist tenant—wage labour 
structure’.79


full: 
http://louisproyect.org/2015/07/26/alexander-anievas-and-kerem-nisancioglu-on-the-brenner-thesis/

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Re: [Marxism] Fwd: Europe faces second revolt as Portugal's ascendant Socialists spurn austerity - Telegraph

[Louis Proyect via Marxism]

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Thanks for the correction. Just crossposted that from FB without looking 
too closely at the date.


On 7/26/15 3:55 PM, Richard Fidler wrote:

The article Lou referenced is dated May 19, 2015 -- almost two months before
Syriza's capitulation.

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Re: [Marxism] Fwd: Europe faces second revolt as Portugal's ascendant Socialists spurn austerity - Telegraph

[Richard Fidler via Marxism]

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The article Lou referenced is dated May 19, 2015 -- almost two months before
Syriza's capitulation. 

-Original Message-
From: Marxism [mailto:marxism-boun...@lists.csbs.utah.edu] On Behalf Of
Louis Proyect via Marxism
Sent: Sunday, July 26, 2015 12:41 PM
To: rfidle...@sympatico.ca
Subject: [Marxism] Fwd: Europe faces second revolt as Portugal's ascendant
Socialists spurn austerity - Telegraph

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So much for Syriza's capitulation dampening the anti-austerity struggle.

http://www.telegraph.co.uk/finance/economics/11616002/Europe-faces-second-re
volt-as-Portugals-ascendant-Socialists-spurn-austerity.html
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[Marxism] Fwd: Putin, the War in Ukraine, and the Far Right | New Politics

[Louis Proyect via Marxism]

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Putin’s Russia is an imperialist state dominated by a capitalist 
oligarchy that controls the state and that has developed a bellicose 
attitude toward its neighbors, whom the oligarchy reproaches for having 
taken advantage of the collapse of the Soviet Union in order to escape 
its century-long tutelage. Embracing an ultra-nationalist ideology that 
gives a good deal of space to racism, anti-Semitism, and homophobia, its 
authoritarian neoconservatism has become a veritable standard for the 
European extreme right. For those of us dedicated to fighting Western 
imperialism, be it American or European, an understanding of the Russian 
state’s imperial nature, of its expansionist tendencies, and of the real 
nature of its contest with the West is essential.


In Eastern Europe, the Russian Federation is supported by important 
sectors of the extreme right such as Attack, in Bulgaria; the National 
Party, in Slovakia; Jobbik, in Hungary; the National Democratic Party, 
in Germany; the National Front, in France; the Freedom Party of Austria; 
the Northern League and the New Force, in Italy; the Flemish Interest 
Party, in Belgium; and so on.1 On March 22, 2015, at the Holiday Inn in 
Saint Petersburg, the Russia Patriot Party organized an International 
Conservative Forum involving a large number of these movements, with 
participation from Eastern Ukraine military leaders linked to fascist 
groups. That network will strengthen the connection among European 
nationalists who support the Russian Federation’s foreign policy against 
Brussels and Washington.


Which Russian Imperialism?

Some people nostalgic for the post-Stalinist Soviet Union close their 
eyes to this reality, forgetting that the denunciation of Russian 
imperialism was always at the heart of Lenin’s thought and action. Did 
he not advocate the defeat of Russia in 1914? On December 12 of that 
year, Lenin wrote,


	The Great Russians cannot “defend the fatherland” except by desiring 
the defeat of Czarism in any war, this as the lesser evil for 
nine-tenths of the inhabitants of Great Russia. For Czarism not only 
oppresses those nine-tenths economically and politically, but also 
demoralizes, degrades, dishonors, and prostitutes them by teaching them 
to oppress other nations and to cover up this shame with hypocritical 
and quasi-patriotic phrases.2


Replace the word “Czarism” with “oligarchy” and Lenin’s judgment remains 
completely true today.


Russia is a unique imperialist power because as it colonized the 
non-Russian people of its empire, at the same time it brutally repressed 
and virtually enslaved the mass of Russian and non-Russian peasants 
inside Russia, generally from the seventeenth century onward, a process 
that resembled those perpetrated by the European powers in their 
far-flung colonies. With the emergence of capitalist imperialism in the 
last third of the nineteenth century, Russia sought to compensate for 
the relative weakness of its economic and financial monopolies by the 
exclusive military control of a vast territory and, as Lenin suggested 
in 1916, by “special facilities for robbing minority nationalities.”3 In 
this way Russia could try to play in the big leagues, as a junior 
partner of France and England. Not understanding this, some Marxists 
refer to Lenin in order to call into doubt the imperialist nature of 
today’s Russia, pointing out the relative weakness of its finance 
capital sector. But this only shows that they do not understand Lenin’s 
characterization of Russian imperialism before 1917.


full: http://newpol.org/content/putin-war-ukraine-%E2%80%A8and-far-right
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Re: [Marxism] Fwd: Europe faces second revolt as Portugal's ascendant Socialists spurn austerity - Telegraph

[Louis Proyect via Marxism]

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On 7/26/15 2:17 PM, Sheldon Ranz via Marxism wrote:

Now that Tsipras has been revealed as a sell-out after he talked a good
game, why trust Podemos, for example.  "Podemos" = "We Can"?  Hmm, Obama's
slogan was "Yes, We Can", and look how that turned out.


The idea that there are similarities between a party that emerged out of 
the "indignados" movement and one that was founded in 1826 on a 
pro-slavery basis, that dropped A-bombs on Hiroshima and Nagasaki, and 
is funded by Wall Street billionaires is absurd.

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Re: [Marxism] Fwd: Europe faces second revolt as Portugal's ascendant Socialists spurn austerity - Telegraph

[Sheldon Ranz via Marxism]

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Now that Tsipras has been revealed as a sell-out after he talked a good
game, why trust Podemos, for example.  "Podemos" = "We Can"?  Hmm, Obama's
slogan was "Yes, We Can", and look how that turned out.
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Re: [Marxism] Fwd: Europe faces second revolt as Portugal's ascendant Socialists spurn austerity - Telegraph

[Lenin's Tomb via Marxism]

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> On 26 Jul 2015, at 17:41, Louis Proyect via Marxism 
>  wrote:
> 
> 
> So much for Syriza's capitulation dampening the anti-austerity struggle.
> 
> 



Right.  Given that the Socialist Party has been staking out an anti-austerity 
line for *years* now, and given that Ambrose Evans-Pritchard is a right-wing 
nutter who is always massively over-stating leftwing insurgency in order to 
feed Little England fantasies that Europe is about to be drowned in a sea of 
red, I fail to see what is actually novel here.

Syriza’s capitulation - and I’m glad no one is pretending that it is other than 
that now - has had one very notable immediate effect, and that is to shift the 
balance of forces in the leadership of the state to the Right.  It has 
strengthened the Dragasakis wing, while resulting in a purge of the Left 
(though, notably, ANEL ministers who voted against the government retain their 
positions).  It has also, of course, brought the troika’s inspectors back in, 
thus anchoring the ministerial departments to austerity.  In sum, the 
government's entire raison d’être has been sacrificed and there is no sign that 
it has any strategy whatsoever for doing anything other than continuing the 
capitulation.

This realistically leaves only one possible basis for renewed resistance, and 
that is a new social movement akin to 2012.  If Syriza’s leadership has its 
druthers, however, there won’t be any social resistance to its implementation 
of austerity.  Tsipras has already laid out the basis for the blackmail in his 
attack on the Left: to resist the implementation of austerity is a betrayal of 
socialist solidarity.  And to the extent that Syriza has a base and can speak 
in a language that its leftist and working class supporters understand, it has 
a higher chance of dampening the resistance that does come, as the effects of 
austerity max filter into daily experiences.  Certainly, if its union stewards 
are blackmailed into supporting the government, then they will probably align 
with New Democracy and Pasok stewards to block strike action.  Indeed, my 
understanding is that this did happen with the planned teachers’ union strike 
on the day that 

One can only hope that the Left Platform and its allies kick up a considerably 
greater stink than they have, and start pulling the argument to the Left.  
Unfortunately, that won’t be helped by apologists pretending there is nothing 
to argue about.
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Re: [Marxism] Why Greece Should Leave the Eurozone

[Louis Proyect via Marxism]

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On 7/26/15 12:46 PM, Lüko Willms wrote:

on Samstag, 25. Juli 2015 at 19:53, Louis Proyect via Marxism wrote:

*> (Sinn is one of Germany's most prominent economists although I had never

heard of him before. His dissertation was on Marx's theory of the
falling rate of profit.


* This seems to be untrue. The German language Wikipedia arcticle on
Sinn mentions
an article on "Das Marxsche Gesetz des tendenziellen Falls der Profitrate",
published in the journal "Zeitschrift für die gesamte
Staatswissenschaft" Vol. 131, 1975, pp. 646–696




Daniel Gaido's comment on FB:

Das Marxsche Gesetz des tendenziellen Falls der Profitrate“ von 
Hans-Werner Sinn, Zeitschrift für die gesamte Staatswissenschaft 131, 
1975, S. 646-696. Concludes that the law of the tendential fall of the 
rate of profit is "meaningless (bedeutungslos) for practical purposes"

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Re: [Marxism] Why Greece Should Leave the Eurozone

[Lüko Willms via Marxism]

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on Samstag, 25. Juli 2015 at 19:53, Louis Proyect via Marxism wrote:

> (Sinn is one of Germany's most prominent economists although I had never
> heard of him before. His dissertation was on Marx's theory of the 
> falling rate of profit. 

  This seems to be untrue. The German language Wikipedia arcticle on Sinn 
mentions 
an article on "Das Marxsche Gesetz des tendenziellen Falls der Profitrate", 
published in the journal "Zeitschrift für die gesamte Staatswissenschaft" Vol. 
131, 1975, pp. 646–696  

  But it is unquestionable what also the bio page at his workplace (in english) 
says that he gained his doctorate in 1978, which would be three years after 
this journal article, and the Deutsche Nationalbibliothek (DNB) lists his book 
"Ökonomische Entscheidungen bei Ungewissheit", published in 1980, as his 
"Dissertation", i.e. the work to gain the academic grade of "Doktor". English 
as "Economic decisions under uncertainty". 

> I have no idea whether it was to support it or attack it but probably the 
> former. 

  Its the first time I heard of this article on one of Marxen's central 
cientific discoveries. The mentioned de.Wikipedia-article has a link for 
downloading Sinn's article as PDF from the web site of his IFO-Institute, but 
that document seems to have been removed. I'll look it up in the journal at the 
DNB. It is available online at http://www.jstor.org/stable/40749847 but 
requires registration. 

> He has been a reactionary pig for 
> most of his career and thus his call for Grexit is of some interest.)

  Well, that is the call of all reactionaries all over Europe for many years 
already. On government level the minister of finance, Wolfgang Schäuble, is its 
main proponent. 

  I call Prof. Sinn mostly Prof. Unsinn ("sinn" -> meaning, sense; Unsinn -> 
the contrary. 

  I still remember a TV talkshow about low wages and a minimum wage where Prof. 
Unsinn was confronted (among other participants) with a woman who worked as a 
chambermaid in a Hamburg hotel, and who demanded a higher wage to get around. 
Prof. Unsinn told her that then her work would not be done at all, or being 
shipped to Poland. 

  Unfortunately nobody in that talk show was keen enough to ask Mr. Sinn if 
then he would be prepared to clean his hotel room by himself... 

> Hans-Werner Sinn is a professor of economics and public finance at the
> University of Munich.

  He is mainly known for being the president of the "ifo Institute", one of the 
leading think tanks for economic policy of the Federal Republic of Germany. 

 
Cheers, 
Lüko Willms

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[Marxism] Fwd: Europe faces second revolt as Portugal's ascendant Socialists spurn austerity - Telegraph

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So much for Syriza's capitulation dampening the anti-austerity struggle.

http://www.telegraph.co.uk/finance/economics/11616002/Europe-faces-second-revolt-as-Portugals-ascendant-Socialists-spurn-austerity.html
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[Marxism] Greece, the Sacrificial Lamb

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NY Times Op-Ed, July 26 2015
Greece, the Sacrificial Lamb
By JOSEPH E. STIGLITZ

ATHENS — AS the Greek crisis proceeds to its next stage, Germany, Greece 
and the triumvirate of the International Monetary Fund, the European 
Central Bank and the European Commission (now better known as the 
troika) have all faced serious criticism. While there is plenty of blame 
to share, we shouldn’t lose sight of what is really going on. I’ve been 
watching this Greek tragedy closely for five years, engaged with those 
on all sides. Having spent the last week in Athens talking to ordinary 
citizens, young and old, as well as current and past officials, I’ve 
come to the view that this is about far more than just Greece and the euro.


Some of the basic laws demanded by the troika deal with taxes and 
expenditures and the balance between the two, and some deal with the 
rules and regulations affecting specific markets. What is striking about 
the new program (called “the third memorandum”) is that on both scores 
it makes no sense either for Greece or for its creditors.


As I read the details, I had a sense of déjà vu. As chief economist of 
the World Bank in the late 1990s, I saw firsthand in East Asia the 
devastating effects of the programs imposed on the countries that had 
turned to the I.M.F. for help. This resulted not just from austerity but 
also from so-called structural reforms, where too often the I.M.F. was 
duped into imposing demands that favored one special interest relative 
to others. There were hundreds of conditions, some little, some big, 
many irrelevant, some good, some outright wrong, and most missing the 
big changes that were really required.


Back in 1998 in Indonesia, I saw how the I.M.F. ruined that country’s 
banking system. I recall the picture of Michel Camdessus, the managing 
director of the I.M.F. at the time, standing over President Suharto as 
Indonesia surrendered its economic sovereignty. At a meeting in Kuala 
Lumpur in December 1997, I warned that there would be bloodshed in the 
streets within six months; the riots broke out five months later in 
Jakarta and elsewhere in Indonesia. Both before and after the crisis in 
East Asia, and those in Africa and in Latin America (most recently, in 
Argentina), these programs failed, turning downturns into recessions, 
recessions into depressions. I had thought that the lesson from these 
failures had been well learned, so it came as a surprise that Europe, 
beginning a half-decade ago, would impose this same stiff and 
ineffective program on one of its own.


Whether or not the program is well implemented, it will lead to 
unsustainable levels of debt, just as a similar approach did in 
Argentina: The macro-policies demanded by the troika will lead to a 
deeper Greek depression. That’s why the I.M.F.’s current managing 
director, Christine Lagarde, said that there needs to be what is 
euphemistically called “debt restructuring” — that is, in one way or 
another, a write-off of a significant portion of the debt. The troika 
program is thus incoherent: The Germans say there is to be no debt 
write-off and that the I.M.F. must be part of the program. But the 
I.M.F. cannot participate in a program in which debt levels are 
unsustainable, and Greece’s debts are unsustainable.


Austerity is largely to blame for Greece’s current depression — a 
decline of gross domestic product of 25 percent since 2008, an 
unemployment rate of 25 percent and a youth unemployment rate twice 
that. But this new program ratchets the pressure up still further: a 
target of 3.5 percent primary budget surplus by 2018 (up from around 1 
percent this year). Now, if the targets are not met, as they almost 
surely won’t be because of the design of the program itself, additional 
doses of austerity become automatic. It’s a built-in destabilizer. The 
high unemployment rate will drive down wages, but the troika does not 
seem satisfied by the pace of the lowering of Greeks’ standard of 
living. The third memorandum also demands the “modernization” of 
collective bargaining, which means weakening unions by replacing 
industry-level bargaining.


None of this makes sense even from the perspective of the creditors. 
It’s like a 19th-century debtors’ prison. Just as imprisoned debtors 
could not make the income to repay, the deepening depression in Greece 
will make it less and less able to repay.


Structural reforms are needed, just as they were in Indonesia, but too 
many that are being demanded have little to do with attacking the real 
problems Greece faces. The rationale behind many of the key structural 
reforms has not been explained well, either to 

[Marxism] Guardian: The great Greece fire sale

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http://www.theguardian.com/business/2015/jul/24/greek-debt-crisis-great-greece-fire-sale
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[Marxism] Rick Wolff's Al Jazeera essay about austerity

[Hans G Ehrbar via Marxism]

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I agree with the bird eye's view of the class struggles in the 2nd half
of the 20th century presented in Rick Wolff's Al Jazeera article
enclosed at the bottom of this email.  This is Marxism at its best.  But
in his speculations about conflicts "central to the 21st century" Wolff
should have mentioned climate change and the other obstacles to
continued growth.

I'd like to point out where exactly in the essay below Wolff should have
mentioned the end of growth.  Wolff argues that the Greeks, Portuguese,
Spanish, Italian, Irish deserve European welfare-state support and
international solidarity because they "happen to be in an economic rut".
This is the wrong metaphor.  It implies that the malfunctioning of their
economies is a random event, and that after jumping out of this rut
their economies will grow again.  In my view, the peripheral countries
in the Eurozone deserve our solidarity because they are the canaries in
the gold mine.  There is no certainty, but there is a possibility that
the failure of these economies is a sign that world-wide capitalist
growth is hitting insurmountable obstacles.  No individual weather event
can be attributed to climate change, and no individual economic downturn
can be attributed to the impossibility of continued growth on a finite
planet.  But Marxists should be aware of the *possibility* that these
weak economies may be the first economies brought down by the inability
of the capitalist system to continue growing.  Instead of getting stuck
in a rut, the metaphor should therefore be that they are potentially the
first economies falling into a big black hole which will inexorably
engulf all other economies too, namely, the unraveling of a world
economic system relying on growth which is no longer possible.  The
basis for solidarity with them is not that they are the poor cousins who
temporarily need a handout until they are back on a growth path, but
they are forced to do something now which the other industrialized
contries will soon have to do too, namely, live without growth.  Even if
these countries get back on a growth path, the times where growth is
normal and stagnation the exception are coming to an end.



So far my commenary, below you will find Rick Wolff's essay.

Hans G Ehrbar





http://america.aljazeera.com/opinions/2015/7/what-do-angela-merkel-and-mitt-romney-have-in-common.html


*Aljazeera   July 22, 2015

What do Angela Merkel and Mitt Romney have in common?
Austerity unites right-wing Americans and Eurozone leaders

by Richard D. Wolff

In May 2012, when Mitt Romney was campaigning for president, he made a
statement that summed up his economic views -- and came to define his run
for office:

"There are 47 percent of the people who will vote for the president no
matter what," he said.  These people "are dependent upon government, who
believe that they are victims, who believe the government has a
responsibility to care for them ... I'll never convince them they should take
personal responsibility and care for their lives."

Germany's current leaders -- and most of Europe's, as well -- seem to fully
agree with this philosophy. They treat Greece exactly as though the country
fit Romney's description of that lazy, greedy 47 percent of Americans. And
Greece's experience prefigures what looms elsewhere: like Romney, many
European leaders appeal to their publics to embrace that perspective, often
effectively. This involves leading the hard-working 53 percent to rise up
and refuse to pay taxes that sustain the lazy and irresponsible, recipients
of public support and overindulged public employees who deliver it.
Romney's portrayal of the 47 percent matches, in words and tone, many
European leaders' portrayal of Greeks (and also Portuguese, Spanish,
Italian, Irish and the peoples of whatever other country happens to be in
an economic rut.)

Within European nations, the Romneyesque perspective is dividing and and
embittering citizens, particularly in the UK. The political philosophy
behind the idea of a welfare state, which held that a capitalist system
unable to provide decent, well-paying jobs to a significant portion of its
people should use taxes to provide them with life's basics, is losing
currency.

The welfare consensus was initially adopted because capitalists were trying
to stave off threats of socialist alternatives: providing for the poor,
they reasoned, would prevent citizens from sympathizing with Marxists,
Communists, and other left-leaning groups. The consensus also grew out of
shared mass experiences of capitalism's 1930s Great Depression and mass
empathy with its victims, as well as Cold War-driven concerns that without
a

[Marxism] Fwd: A win for activists in University of California’s anti-Semitism debate - Salon.com

[Louis Proyect via Marxism]

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We can and should learn a lot about a resolution that used what most 
would agree is an entirely legitimate concern about anti-Semitism to 
smuggle in language that would in effect extend to the State of Israel 
even greater immunity from criticism. The gradual transformation of the 
resolution tells us how we can contain such tactics. And given Hillary 
Clinton’s recent strident call for an attack on the Boycott, Divestment, 
and Sanctions movement on U.S. campuses, what happened in California 
might serve activists in other states as well.


full: 
http://www.salon.com/2015/07/26/a_win_for_activists_in_university_of_californias_anti_semitism_debate/

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[Marxism] Fwd: Turkey's new "war on terror" mainly targeting Kurds | Informed Comment

[Louis Proyect via Marxism]

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http://www.juancole.com/2015/07/turkeys-mainly-targeting.html
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[Marxism] Fwd: Labour leadership contender Jeremy Corbyn calls on Labour to offer a 'true alternative' to Tory austerity - UK Politics - UK - The Independent

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Jeremy Corbyn has said he believes everyone “owes a lot to Marx” and 
that lawmakers can “learn a great deal” from him.


When asked if he considered himself a Marxist he said it was “an 
interesting question” and "he was a fascinating figure who observed a 
great deal and from whom we can learn a great deal.


"Marx analysed what was happening in a quite brilliant way. The 
philosophy around Marx is absolutely fascinating."


Speaking on BBC One’s Andrew Marr show on Sunday, the Labour leadership 
contender laid out his vision for the future of the party.


Jeremy Corbyn has become the surprise success of the campaign with 103 
local branches of the party giving him their support compared with 100 
declared for Burham, 87 for Yvette Cooper and just 14 for Liz Kendall, 
the New Statesman reports.


A private poll seen by the Times last week suggested Corbyn was fifteen 
points ahead of his nearest rival and could win the leadership.


full: 
http://www.independent.co.uk/news/uk/politics/labour-leadership-contender-jeremy-corbyn-calls-on-labour-to-offer-a-true-alternative-to-tory-austerity-10416591.html

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[Marxism] Sanders is in with the enemy, some old allies say

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The Washington Post, July 26 2015
Sanders is in with the enemy, some old allies say
by David A. Fahrenthold

BURLINGTON, Vt. - It was one of the first political events Bernie 
Sanders ever went to in Vermont: a 1971 discussion by a small group of 
left-wingers, the Liberty Union Party.


These people were not winners, in the electoral sense. The closest they 
had come to winning a statewide race, at that point, was losing by 56 
points. So someone in the audience asked: Why don't you become 
Democrats? Why not sacrifice third-party purity for a chance at actual 
power?


Sanders - a transplanted Brooklynite, known in Vermont for his 
overheated writing and underwhelming carpentry - spoke up from the 
crowd. The sacrifice wasn't worth it.


"He felt strongly that you worked outside the Democratic Party," said 
Jim Rader, a longtime friend who took Sanders to the meeting. "He felt 
there were too many compromises that had to be made, too many 
compromises of political principles."


Last week, 44 years later, a group of socialists gathered in a Vermont 
library to have a strikingly similar debate. This time, they were 
deciding whether they could support Bernie Sanders himself.


Sanders was not at this meeting. The scruffy socialist of the '70s - who 
later became a mayor, congressman and U.S. senator - is out on the 
campaign trail now, drawing huge crowds as a candidate for the 
Democratic presidential nomination.


In Vermont, the socialists' speaker said his answer was no. The purest 
socialist in mainstream American politics was no longer pure enough.


"When Sanders decided to run as a Democrat," that was the last straw, 
said Jim Ramey at the meeting of the International Socialist 
Organization's Burlington branch. "People on the left should not support 
him."


The story of Bernie Sanders's life in politics is the distance between 
those two meetings.


Sanders got his start on Vermont's left fringe. In multiple third-party 
runs for office, he learned the craft of politics, which has been the 
only steady work he has ever had. Sanders also developed the same policy 
ideas that still define him: taxing the rich, expanding the safety net 
for the poor and weakening the influence of Wall Street.


But if Sanders kept the fringe's ideas, he quickly discarded its 
small-bore tactics - and began making allies, and compromises, that 
would bring him bigger audiences and higher office.


The result is that Vermont is strewn with dissatisfied socialists, 
denouncing Sanders for perceived sins that go back to the '70s.


And Bernie Sanders is running for president.

"A very skilled and savvy politician," said Rader, who later worked in 
Sanders's congressional office, so close to Sanders that they shared one 
well-used necktie. "He's not a purist. He's consistent. He holds very 
deep convictions. But he is not a purist."


Sanders was born in Brooklyn, the son of a paint salesman, and became 
involved in left-wing politics at the University of Chicago. He arrived 
in Vermont in a wave of newcomers, back-to-the-landers. They didn't make 
a habit of asking one another where they had come from.


"He was poor as a church mouse back then . . . living in an apartment 
that I always referred to as dark, stark and cluttered," said Darcy 
Troville, a friend from those early days. Sanders had been divorced 
years before. He had a son, whose mother and he never married. "I was 
wondering how he ended up with this baby alone. I didn't know what he 
did for work," Troville said.


If Bernie Sanders had a great talent at that time, it was not obvious.

He wrote for the Vermont Freeman, a counter-culture newspaper, for $10 
or $15 a story, including an especially strange piece about dark sexual 
fantasies. Sanders also did some carpentry. Nobody remembers the writing 
or the woodworking well.


The thing Sanders was good at, it turned out, was politics.

But even that wasn't clear right away.

"We didn't have a chance in hell," John Bloch said, recalling a meeting 
of the Liberty Union Party in 1971, when members were seeking nominees 
to run for the U.S. Senate. "I said, 'Is there anybody that can be lion 
bait for the Senate race? We need a body.' "


Sanders volunteered.

In his first radio interview as a candidate, he later recalled, his 
nervous knees knocked the table so loudly that the microphone picked it 
up. "A strange thumping noise traversed the airwaves," Sanders wrote in 
his 1997 autobiography, as the sound engineer waved at him to stop it.


The message that Sanders used in that campaign is present in this one. 
"Wealth=power, lack of wealth=subservience. How could we change that?" 
he reca

[Marxism] Fwd: Puerto Rico debt crisis: austerity for residents, but tax breaks for hedge funds | World news | The Guardian

[Louis Proyect via Marxism]

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Caught between the demands of billionaires, pro-bankruptcy activists and 
more than three million people plagued by unemployment, poverty and 
government debt, who would you choose? As Puerto Rico confronts the 
quagmire of its $72bn financial crisis, it has come up with an answer: 
humouring a few very wealthy people.


The island has for three years courted some of Wall Street’s richest 
citizens, from solitary investors to hedge fund elites. Last year it 
sold at auction hundreds of millions of its debt to various funds, 
displeasing many who believe the “vulture funds” only want a quick 
profit off Puerto Rico as it desperately tries to repay debt with high 
local taxes and austerity cuts.


Hedge fund manager John Paulson, best known for making billions off the 
2008 subprime loan market crash, led the charge last year when he 
declared the island “the Singapore of the Caribbean”. His fund bought 
more than $100m of Puerto Rico’s junk-rated bonds last year.


The most visible effect has been a rush to buy property akin to the 
buying spree by two billionaires in Detroit as that city filed for 
bankruptcy. Detroit’s woes are often held up for comparison to Puerto 
Rico’s but the island lacks the statehood or permission from Congress it 
would need to file for bankruptcy and follow Michigan’s decision to 
declare Motor City bust.


While funds have inched away from Puerto Rico’s debt debacle, Paulson 
has bought into land. In 2014 he spent more than $260m to buy three of 
the island’s largest resort properties, and announced plans to develop 
$500m-worth of “residences and resort amenities” to add to the existing 
beachfront condos and golf courses.


He has a fellow cheerleader in billionaire Nicholas Prouty, who has 
invested more than $550m into turning San Juan’s marina into a bastion 
of the elite that includes an exclusive club and slips for “megayachts 
of 200 feet or larger”.


full: 
http://www.theguardian.com/world/2015/jul/25/puerto-rico-debt-crisis-billionaires-hedge-funds-good-news

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[Marxism] Fwd: Greece's Drachma Drama: Why Planning Is Too Important to be Left to Economists | naked capitalism

[Louis Proyect via Marxism]

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http://www.nakedcapitalism.com/2015/07/greeces-drachma-drama-why-planning-is-too-important-to-be-left-to-economists.html
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[Marxism] Fwd: LENIN'S TOMB: Project Fear versus Corbyn.

[Louis Proyect via Marxism]

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However, that tactical point doesn't change the overall situation, and 
it doesn't mean we don't have a responsibility to support Corbyn's bid, 
and undermine Project Fear, in whatever ways we can.  It's not just the 
Labour Left that is weak.  It is the Left as a whole.  Yes, Corbyn would 
be relatively isolated at the top, and top-heavy successes are extremely 
vulnerable.  Yes, he will be trying to shift the balance of forces in 
favour of the Left, in a situation in which our forces are incredibly 
depleted.  But it is a structural aspect of today's situation that in 
the growing vacuum created by the breakdown of the old party-base 
relationship, individuals and groups can suddenly project influence well 
beyond their actual social basis, if what they say finds an ideological 
resonance in lived experience.  We don't get to change that just be 
force of will.  So we have to work with the grain of our few advantages. 
 Corbyn has made a breakthrough, and that presents opportunities that 
it would be stupid and irresponsible to opt out of.


full: http://www.leninology.co.uk/2015/07/project-fear-versus-corbyn.html
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[Marxism] My interview today on a Peace of the Action on Radio Adelaide

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My interview today on a Peace of the Action on Radio Adelaide

This is the podcast of my interview with Sue Gilbey​ and Clayton Werner 
today on Radio Adelaide FM 101.5 Digital in their 30 minute segment 
called a Peace of the Action. We discussed among other things the lack 
of mass struggle in Australia today, social media, tax and tax 
avoidance, and I mentioned socialism, my background, the struggles 
around refugees and same sex marriage to name a few things.


http://enpassant.com.au/2015/07/26/my-interview-on-a-peace-of-the-action-on-radio-adelaide/

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