Month: November 2011

28 posts
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Anglo debt repayment to cost €65 billion!

Back in February, Enda Kenny said that if elected to government Fine Gael wouldn’t put “another cent” of taxpayers’ money into Anglo Irish Bank. Kenny also said “The junior, and senior, and non-guaranteed bondholders are going to have to pay the price”.   These populist statements and promises were cynically made during an election campaign simply to get votes. Now that he is Taoiseach, Enda Kenny has done another u-turn and is handing over not just a few cent to pay off Anglo’s debts – his government is handing over billions!

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Occupy Wall Street: Tremble Ye Bankers the People Are Coming

Warren Buffet, one of the richest men in the world said earlier this year that “There has been class warfare going on... and my class isn’t just winning, I mean we’re killing them”. The onset of neo-liberal capitalism in the late 1970s that saw a shift away from manufacturing because the rate of profit for the corporations therein had flatlined, towards a finance capitalism in particular, facilitated a huge squeezing of the US working class, dashing the American Dream for the majority and massively increasing the wealth of the tiny minority of super-rich.

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#Occupying together

The organised left can certainly learn from the #Occupy movement, but some participants in the #Occupy movement might be surprised that they could also learn from the organised left.