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Economics

Against Capitalism: Resisting Wage Labour in the 19th Century

in Economics by

In the advanced economies of Europe, you would be hard pressed to find somebody who still calls themselves an ‘artisan’. The closest you might find, perhaps, is a marketing savvy barista whose artisan job title indicates they have mastered the complex arts of pouring coffee in a fashionable café. Yet throughout most of the 19th…

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Amazon workers sleeping in tents: on the logic of serfdom

in Economics by
Workers said they were sleeping in woods near the warehouse to save money on transport. Photo copyright Cascade News (2016).

A brief analysis of the ‘economic rationalization’ that emerged throughout the comment sections of articles about Amazon employees, who chose to sleep in tents outside their warehouse to save money. At the end of last year, stories emerged claiming that Amazon employees had been sleeping in tents directly outside their companies’ warehouse in Fife, Scotland.…

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European Commission’s neoliberal agenda in France: weaker employee rights

in Comment & Opinion/Economics by

If you are following political developments in France a bit, you couldn’t have missed the recent waves of massive strikes and protests that hit the Hexagon. The cause is Hollande’s government push for “reforms” to the labour law. Obviously, the word reforms here stands for a range of measures in line with neoliberal tenets that…

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‘Market economy status’ to China? A bad, bad idea

in Comment & Opinion/Economics by

According to a leaked paper published by the daily Politico this morning, granting China the status of a ‘market economy’ by the end of 2016 would not have the best consequences for EU economy. Directorate-General TRADE, the European Commission’s “ministry” responsible for these matters, in its own working document states that this move would not…

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Germany and the crisis of the periphery

in Economics by

Germany has played a major role in every discussion revolving around the current Greek budgetary crisis. Not only has the country been singled out as the biggest creditor, and more generally as Europe’s paymaster, but it has also come under severe criticism for enforcing an export driven economic policy that condemns its European partners to…

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Embargo on Iranian oil: A move to save the US Dollar hegemony

in Economics/International Relations & Defence by

Acting through its ambassadors, the European Union has announced the imposition of an oil embargo on Iran from July 2012 on as well as placement of sanctions against Iran’s Central Bank, which aim to disrupt the funding of the country’s nuclear programme. But will that suffice? Will it have any effect? Or will it rather…

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