Surprise, surprise: “Governments don't rule the world, Goldman Sachs rules the world” In an interview which shocked the BBC News presenter, “independent trader” Alessio Rastani gave a very frank appraisal of his perspectives for the world economy. "This economic crisis is like a cancer, if you just wait and wait hoping it is going to go away, just like a cancer it is going to grow and it will be too late,” he said, adding that governments would not be able to fix the economy.
The Greek crisis: Europe on the brink of a precipice Europe is standing on the edge of a precipice. This is the judgement, not just of the Marxists, but of the most serious strategists of Capital. Barely six weeks have passed since the latest Greek rescue package, and it is already unravelling. There is now a general crisis of confidence in the ranks of the bourgeoisie internationally. The panic, which is reflected in the wild gyrations of the stock exchanges, has spread rapidly from Europe to America. It is a kind of deadly contagion that has infected all the euro zone’s big countries.
Capitalist crisis deepens – no recovery in sight as economy heads for depression The world crisis of capitalism has entered a new stage. Rather than recover, several countries are showing features of a depression. This is an unprecedented situation and shows the deep malaise affecting the capitalist system, still reeling from the slump of 2008-9.
