Following Paris, Madrid, Copenhagen and Rome, the 5th Plan B summit will take place on the 21st and 22nd of October 2017 in Lisbon, claiming back democracy for the peoples of Europe and asserting democratic cooperation and solidarity as true alternatives to the increasing democratic and social deficit imposed by the Lisbon Treaty 10 years ago. In the Lexit Blog we document the call for this conference.
By Asbjørn Wahl, Norwegian trade union and political activist
The centre-left failed in getting rid of the so-called blue-blue government at the parliamentary elections in Norway on 11 September. The Labour Party was the main loser, while small parties on the centre-left advanced slightly. However, the parliamentary basis of the right-wing government has started to unravel. A deeper political crisis may be looming in the background, while social contradictions are on the raise. Social Democracy followed the general European downward tendency (except Britain).
The following text on the Euro and the concept of money is a transcription of the conference given by Jorge Amar at the Attac Summer University for Social Movements held in Toulouse in August 2017. Jorge Amar is Economist, Chair of the Spanish Economic Sovereignty Association (APEEP) and Research Scholar at Binzagr Institute for Sustainable Prosperity.
What is wrong with the Euro? To answer this question, we need to understand first what money basically is, where it comes from, how it is created and destroyed.
There are two main theories on money: The market-metalist approach (“One money, one market”) on which the European Monetary Union (EMU) has been inspired, and the state-chartalist approach (“One currency, one nation”) which explains the usual situation where a currency corresponds to one country.
by Herman Michiel
With this contribution Herman Michiel answers to Andy Storeys “The Myth of Ordoliberalism“, which was recently published in this blog.
It was a good idea of Andy Storey to circulate his article “The Myths of Ordoliberalism” in broader circles than the academic ones . Ordoliberalism is one of those concepts by which the ‘ordinary’ left militant may be overawed, making her/him think to miss basic knowledge on the nature of the European Union. Andy’s paper is sufficiently readable by the broader public to temper such fear. And that it contradicts the opinion of a (also by me) widely lauded left critic as Wolfgang Streeck proves how important it is to continue our debates within the Left.
by Costas Lapavitsas, Theodore Mariolis and Constantinos Gavrielidis
This analysis was published in Il Ponte, LXXIII, n. 5-6, p. 105-33.
Introduction: Ιn early 2010 the European Economic and Monetary Union (EMU) entered a period of crisis that has undermined its very existence, and eventually that of the European Union itself. The turmoil has been a continuation of the global crisis of 2007-9 which initially broke out in the financial system of the USA. The global crisis soon subsided in the USA, the UK and other parts of the world, following decisive state intervention that, first and foremost, protected financial interests. In Europe, however, the crisis has acquired a further and virulent aspect due to the dysfunctional EMU, adopted by the bulk of the EU on 1 January 1999.