Tag Archives: capitalism

Can Sinn Féin deliver for the 99%?

By Laura Fitzgerald Unfortunately, despite Sinn Féin signing up to the Right2Change initiative that gives a different appearance, Sinn Féin are in fact moderating their rhetoric as they come closer to power in a rightward shift. Not only is Sinn Féin’s record on water charges weak with its continued refusal to advocate non-payment of the water charges, Sinn Fein have ...

Read More »

Why this rotten system can’t be reformed

By Kevin McLoughlin On 12 July in Paraguay the Pope told young people to “make a mess” in their struggle against capitalism. On the same day as the leader of one of the most conservative institutions on earth made this call, Syriza jettisoned its anti-austerity stance in a historic betrayal of the Greek working class. Alexis Tsipras dragged himself and ...

Read More »

Top 50 US companies hoarding $1 trillion in cash

By Manus Lenihan The fifty biggest companies in the United States are sitting on piles of money adding up to $1.1 trillion. Apple, Microsoft, Google, Pfizer and Cisco alone have $439 billion between them (Financial Times). Like dragons sprawled watchfully dozing over heaps of gold, these gigantic corporations would fly into a rage over any plans to nationalise or raise ...

Read More »

The State – a tool to defend the rule of the 1%

The Occupy movement that began in the US in 2011 coined the terms, the 1% and the 99%. The movement was evocatively referring to the existence of a ruling class, encapsulated in the term the 1% a – the super-rich elite that owns and controls the key global wealth, resources and means of production.

Read More »

Review “The Entrepreneurial State” by Mariana Mazzucato

By Tim Heffernan Somewhere along the line, we’ve all heard these arguments in favour of capitalism: progress is based on competition, risk taking and innovation – capitalism encourages risk takers and rewards them;we might need state ‘enterprise’ for essential infrastructure like water and electricity but, in the area of new technology, the dynamism of the private sector will always outperform the bureaucratic, ...

Read More »

Blog from Athens: Paul Murphy on Syriza victory

The ideological wall saying ‘There Is No Alternative’ to austerity has been decisively breached. In so doing, they have blown a breath of fresh air across Europe – giving hope in Ireland, Spain, Portugal and elsewhere that the austerity nightmare can be brought to an end.

Read More »