This video from the USA says about itself:
The World Socialist Web Site interviewed workers and professionals in Detroit about the worsening social conditions as gas prices and food prices soar through the roof. Brother Jerry Smith, director of the Capuchin Soup Kitchen in Detroit spoke to the WSWS about the huge need for food in the city.
The economic crisis continues.
From the USA: Housing crisis accelerates blight in Detroit neighborhoods.
Dear Kitty. Some blog 
John Bellamy Foster: Monopoly finance capital and the crisis
Interview with John Bellamy Foster for the Norwegian daily Klassekampen
(posted from MRzine
with permission), conducted on October 15, 2008.
Klassekampen: Is the credit crisis a symptom of overaccumulation of
capital? It seems to me that investments worldwide, but especially in
the United States, were funneled into the traditionally “safe” housing
market following the bursting of the dotcom bubble. This overinvestment
in turn generated a new bubble, thus causing today’s havoc. Is this correct?
* Read more http://links.org.au/node/687
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United States: The financial calamity, African Americans and Obama
By Malik Miah
October 8, 2008 — The deepening financial calamity exposes how the
“fundamentals” of the economy impact on working people, particularly
African Americans. The so-called unfettered free market system has been
a failure. The issue of the economy has given the presidential campaign
of Barack Obama, the first Black candidate for a major party, a big
boost. After eight years of Bush-Cheney, Obama should be a shoo-in.
Democrats are expected to garner big majorities in the Senate and the
House of Representatives.
* Read more United States: The financial calamity, African Americans and Obama
By Malik Miah
October 8, 2008 — The deepening financial calamity exposes how the
“fundamentals” of the economy impact on working people, particularly
African Americans. The so-called unfettered free market system has been
a failure. The issue of the economy has given the presidential campaign
of Barack Obama, the first Black candidate for a major party, a big
boost. After eight years of Bush-Cheney, Obama should be a shoo-in.
Democrats are expected to garner big majorities in the Senate and the
House of Representatives.
* Read more
Final declaration of the International Political Economy Conference:
Responses from the South to the Global Economic Crisis
October 11, 2008 — Academics and researchers from Argentina, Australia,
Belgium, Canada, Chile, China, Cuba, Ecuador, France, Mexico, Peru,
Phillipines, South Korea, Spain, United Kingdom, United States, Uruguay
and Venezuela participated in the International Political Economy
Conference: Responses from the South to the Global Economic Crisis, held
in Caracas October 8-11, 2008. The conference stimulated a wide-ranging
debate on the current economic and financial health of the global
economy, the new perspectives and the challenges to the governments and
peoples of the South posed by the international financial crisis.
The meeting concluded that the situation has worsened in the last few
weeks. It has progressed rapidly from being a series of crises in the
financial markets of countries in the centre and has turned into an
extremely serious international crisis. This means that countries in the
South are in a very difficult situation.
The crisis threatens the real economy and, if energetic and effective
actions are not taken immediately, all peoples in the world could be
drastically punished; especially the least-protected and most-neglected
sectors.
* Read more http://links.org.au/node/690
Final declaration of the International Political Economy Conference:
Responses from the South to the Global Economic Crisis
http://links.org.au/node/690
October 11, 2008 — Academics and researchers from Argentina, Australia,
Belgium, Canada, Chile, China, Cuba, Ecuador, France, Mexico, Peru,
Phillipines, South Korea, Spain, United Kingdom, United States, Uruguay
and Venezuela participated in the International Political Economy
Conference: Responses from the South to the Global Economic Crisis, held
in Caracas October 8-11, 2008. The conference stimulated a wide-ranging
debate on the current economic and financial health of the global
economy, the new perspectives and the challenges to the governments and
peoples of the South posed by the international financial crisis.
The meeting concluded that the situation has worsened in the last few
weeks. It has progressed rapidly from being a series of crises in the
financial markets of countries in the centre and has turned into an
extremely serious international crisis. This means that countries in the
South are in a very difficult situation.
The crisis threatens the real economy and, if energetic and effective
actions are not taken immediately, all peoples in the world could be
drastically punished; especially the least-protected and most-neglected
sectors.
* Read more http://links.org.au/node/690
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Free download: Marxist Economics — A handbook of basic definitions
This handbook is not, of course, a substitute for the study of Marxist
political economy, but an aid to that study. It will perhaps prove most
useful as an aid to review. It was first developed for the Fourth
International’s cadre school in Europe. It was subsequently also used by
the Democratic Socialist Party in its cadre school. Along the way, many
of the definitions and explanations were modified to take account of
students’ difficulties or further questions.
* Read more http://links.org.au/node/686
Don’t pay for a failed system
By Tony Iltis
October 11, 2008 — “Meltdown” is a word that one hears a lot on the
news these days.
Despite the US$700 billion government bailout of banks in the US,
similar (albeit smaller) bailouts in Europe, and various forms of state
intervention in the finance industry on both sides of the Atlantic,
sharemarkets worldwide are in free fall. Comparisons with the Great
Depression of the 1930s are common. Homelessness and unemployment are
rising and are set to increase dramatically.
Meanwhile, more quietly but even more relentlessly, another meltdown is
occurring: that of the polar icecaps. According to the Western world’s
establishment politicians and corporate media, the way to avert
catastrophic climate change lies in setting up elaborate emissions
trading schemes and carbon markets: that is, relying on precisely the
mechanisms that have created the economic meltdown!
* Read more http://links.org.au/node/685
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