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Slavoj Žižek: The Urgent Necessity of a Syriza Victory in Greece

Source: In These Times

Only a split from the European Union by Greece can save what is worth saving in the European legacy: democracy, trust in people and egalitarian solidarity.

Critics of our institutional democracy often complain that, as a rule, elections do not offer a true choice. What we mostly get is the choice between a center-Right and a center-Left party whose program is almost indistinguishable. Next Sunday, January 25, this will not be the case—as on June 17, 2012, the Greek voters are facing a real choice: the establishment on the one side; Syriza, the radical leftist coalition, on the other. read more

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Wealth: Having It All and Wanting More

Source: Oxfam

Global wealth is increasingly concentrated in the hands of a small wealthy elite. These wealthy individuals have generated and sustained their vast riches through their interests and activities in a few important economic sectors, including finance and insurance and pharmaceuticals and healthcare.

Companies from these sectors spend millions of dollars every year on lobbying to create a policy environment that protects and enhances their interests further. The most prolific lobbying activities in the US are on budget and tax issues; public resources that should be directed to benefit the whole population, rather than reflect the interests of powerful lobbyists. read more

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The Davos oligarchs are right to fear the world they’ve made

Source: The Guardian Unlimited

Escalating inequality is the work of a global elite that will resist every challenge to its vested interests

The billionaires and corporate oligarchs meeting in Davos this week are getting worried about inequality. It might be hard to stomach that the overlords of a system that has delivered the widest global economic gulf in human history should be handwringing about the consequences of their own actions.

But even the architects of the crisis-ridden international economic order are starting to see the dangers. It’s not just the maverick hedge-funder George Soros, who likes to describe himself as a class traitor. Paul Polman, Unilever chief executive, frets about the “capitalist threat to capitalism”. Christine Lagarde, the IMF managing director, fears capitalism might indeed carry Marx’s “seeds of its own destruction” and warns that something needs to be done. read more