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Global News and Analysis

Ten Years On, The Crisis of Global Capitalism Never Really Ended

Source: Roar Magazine

With inequality on the rise, global debt higher than ever and international tensions intensifying, the political backlash to the crash of 2008 has only just begun.

This weekend marks the tenth anniversary of the collapse of Lehman Brothers, the once-mighty US investment bank whose dramatic bankruptcy on September 15, 2008 unleashed the worst financial crisis since the Great Depression of the 1930s. A decade on, we commonly hear the complaint that little has changed since then: the banks are still too big to fail, finance continues to dominate productive activity, and ordinary households are yet to feel the impact of a sluggish economic recovery in their pockets. But this perceived continuity, while certainly valid, is only part of the story. In reality, a lot has changed over the past 10 years – much of it, unfortunately, for the worse. read more

Africa

Decolonizing the Notion of Citizenship

A number of foreign nationals were attacked in Johannesburg, South Africa last month as part of a wave of anti-immigrant violence and sentiment in the country. This xenophobic violence has once again reminded us of the politics of citizenship and what it means to belong and not to belong in the post-colony. What we need to do now is decolonize, ideologically and practically, the colonial notion of citizenship.

Europe

The Demonization of Russia in a New Cold War Era

"The demonization of Russia is, I believe, one of the most dangerous things that is happening in our world today. The scapegoating of Russia is an inexcusable game that the West is indulging in. It is time for political leaders and each individual to move us back from the brink of catastrophe to begin to build relationships with our Russian brothers and sisters." - Mairead Maguire, recipient of the 1976 Nobel Peace Prize