NM's blog

Italy

"One country is widely viewed as the most acute of all cases of European dysfunction. Since the introduction of the single currency, Italy has posted the worst economic record of any state in the Union: twenty years of virtually unbroken stagnation, at a growth rate well below that of Greece or Spain. Its public debt is over 130 per cent of GDP. Yet this is not a country of small or medium size in the recently acquired periphery of the Union. It is a founder member of the Six, with a population comparable to that of Britain, and an economy half as large again as that of Spain. After Germany, its manufacturing base is the second biggest in Europe, where it is runner-up too in the export of capital goods. Its treasury issues form the third largest sovereign bond market in the world. Nearly half of its public debt is held abroad: the comparable figure for Japan is under 10 per cent. In its combination of weight and fragility, Italy is the real weak link in the EU, at which it could theoretically break." — Perry Anderson

In a very recent article on the BBC, 18 million Italians "are at risk of poverty."

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The Qarmatians (Al-Qaramita)

By Nadeem Mahjoub Documentary film-makers G. Troeller and M. C. Defarge once asked a cabinet minister in South Yemen, why socialistic ideas were so readily acceptable in that part of the Arab world. He replied: “Because we have been communists for a thousand years! My mother was Qarmatian.” Official Muslim scholars and clerics, and many so-called moderates (whether individuals or groups) oppose sedition ( fitna ). Tensions and contradictions in society should be solved peacefully and even if the ruler was unjust and impious, it is generally accepted he should still be obeyed, for any kind of order is better than anarchy and sedition. “The tyranny of a sultan for a hundred years causes less damage than one year’s tyranny exercised by the subjects against one another.” Revolt was justified only against a ruler who clearly went against the command of God and His prophet.” 1 Here we look at not what happened in the minds of people who call for calm, oppose dissent and preach the re...

Who Chooses Wars for Us?

“ Europe’s military arsenal is not well prepared for war … because for the last thirty years we thought that war was not coming back to Europe.” But has war ever left Europe?

"A second position argues against transition, which is transitology itself. It is well known—especially among economists—as the sudden mobilization of a considerable mass of experts who are generally foreigners,generally Western, who come to preach the good word and to propose ready-made models of democracy. The science of the transition has become a financial windfall, a market. And the word transition has of course become a reflex of language, a term of reference, a call for tenders ( appel d’offres ) to which the whole society was supposed to respond. Consequently, the reticence that one can express is the following: our history is framed, transition is a heteronomy. Every democratic revolution is henceforth supposed to take a unique, imposed path, which is, at the same time, indistinctly democratic and liberal (or neoliberal). A more or less non-“negotiable” package. It is necessary to highlight the imposed character (and imposed from the outside) of this coming to t...

Cairo C. 1900-1934 The accurate translation for Arabic meaning of Cairo is "the invincible".

"Egypt is no longer the heart of the Arab world"

Putting a Racist in Their Place

UK

"We are all in it together" A letter from a doctor to Boris Johnson published a few months ago: ' Johnson has contributed to thousands of deaths ' Related 'The greatest global science failure for a generation' 'Herd immunity' or lockdown

Finance

"The hegemony of finance—the most fetishized form of wealth—is only maintained by the public authorities’ unconditional support. Left to itself, fictitious capital would collapse; and yet would pull down the whole of our economies in its wake. In truth, finance is a master blackmailer. Financial hegemony dresses up in the liberal trappings of the market, yet captures the old sovereignty of the state all the better to squeeze the body of society to feed its own profits. " (my emphasis) —Cédric Durand, Ficticious Capital , 2017, p. 155

Riddles of the Book

Against Authoritarianism and Neoliberalism in Venezuela

“The current confrontation in Venezuela today is not between left and right.” “We are witnessing the transition from a government with authoritarian tendencies to a dictatorial regime.” “This is not a government ‘backed’ by the military, but, as Maduro himself has said, the government is led by a ‘civilian-military-police alliance’. “Those who continue to support Maduro, including parties and movements of the Sao Paulo Forum or the spokespersons of Podemos in Spain, are causing severe damage to the left in the region and the world. They are damaging anti-capitalist struggles in the broadest sense.” The US embargo is ‘in violation of international law’. This is a useless statement repeated a million times, and it has come back again during the ongoing Israel’s genocidal war. “[A]fter the failure of the current, self-defined “socialist” governments, Venezuelan society tends to associate any reference to socialism or the left with the corruption and authoritarianism of the Maduro governme...