Capitalist crisis ‘causing war’, pro-capitalists admit


This video from the USA says about itself:

23 July 2012

Nobel Prize-winning economist Joseph Stiglitz argues that U.S. combat in Afghanistan and Iraq helped trigger 2008’s economic collapse. According to Stiglitz, rises in oil prices, a culture of deregulation, and the housing bubble all stem from America’s war involvement.

From British daily The Morning Star:

Capitalist crisis ‘causing war

Tuesday 02 June 2009

by Tom Mellen

The recession creates the conditions for war

A pro-business think tank admitted today that the market meltdown is dragging the world into political instability and conflict.

Publishing its annual Global Peace Index, the Sydney-based Institute for Economics and Peace said that it had established a “clear correlation between the economic crisis and the decline in peace.”

It estimated the economic impact of lost peace on the global economy at $7.2 trillion (£4.3 trillion) per year, contending that $4.8 trillion (£2.9trillion) “would be value-added from business activities that never see the light of day due to violence.”

And a further $2.4 trillion (£1.46 trillion) “relates to the redeployment of resources and expenditure away from industries benefiting from violence to those that benefit from peace.”

Many of the indicators which the institute uses to measure “peacefulness” – a country’s murder rate or its level of military expenditure and the likelihood of violent demonstrations – deteriorated as the world economy crashed.

The report, which was prepared in conjunction with the neoliberal Economist Intelligence Unit, observed that “rapidly rising unemployment, pay freezes and falls in the value of house prices, savings and pensions is causing popular resentment in many countries, with political repercussions.”

2 thoughts on “Capitalist crisis ‘causing war’, pro-capitalists admit

  1. What’s wrong with a 30-hour work week?

    By Don Fitz
    May 30, 2009 — With millions of jobs lost during the first part of
    2009, who is calling for a shorter work week to spread the work around?
    In the US, the vehicle industry sets the pace for organised labour. The
    only discussion at the top levels of the United Auto Workers Union (UAW)
    is how quickly the gains won during the last 50 years can be given back.
    Does the UAW have no memory of the 1930s and 1940s when a shorter work
    week was at centre of organising demands?

    * Read more http://links.org.au/node/1077

    Like

  2. Michael Lebowitz: ’21st century socialism needs a 21st century
    Marxism’

    May 23, 2009 — Michael Lebowitz is a Canadian Marxist economist. He is
    the director of the “Transformative practice and human development”
    program at the Caracas-based left-wing think tank, the Centro
    Internacional Miranda. He is professor emeritus of economics at Simon
    Fraser University and author of Build it Now: 21st Century Socialism and
    the 2004 Isaac Deutscher-prize winning Beyond Capital: Marx’s Political
    Economy of the Working Class. Christopher Kerr spoke with Lebowitz about
    capitalism’s crisis and the socialist alternative.

    * Read more http://links.org.au/node/1073

    Like

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