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European revolts confront economic and political crises

European revolts confront economic and political crises

Monday, January 24, 2011 - 11:30pm

News & Letters Library
228 S. Wabash Ave., Room 230
Chicago, Illinois

Speaker: Erica Rae, activist and writer for News & Letters

“The financial crises and revolts in Ireland and the rest of Europe are the latest fallout from the September 2008 meltdown of capitalism’s global system of finance. Then, the world’s political leaders worked together with a no-holds-barred infusion of cash from state treasuries to bail out the banks in the name of evading a total collapse of the financial system and another Great Depression. In this moment of what Marx once dubbed ‘capitalist communism,’ the financial sector’s tremendous losses—which had been tallied as years of fictitious profits—were transferred to workers. Today, workers continue to experience depression-level unemployment and are now the designated owners of the bloated national debts. This outrageous reversal of fortune and totally inverted justice keeps spurring new revolts and a search for an alternative to capitalism’s business and politics as usual.”
—Ron Kelch, From the January-February News & Letters
Free and open discussion after the talk