By Giorgio Cremaschi This week Italy’s government launched its privatisation plan, ostensibly to boost the economy. This is a thoroughly reactionary operation. In 2008, with the start of the Great Depression, the ultra-liberal economic model launched in the early ’80s by Reagan and Thatcher failed. Since then, countries have broadened the scope of their intervention … Continue reading
Privatisation has benefitted the very few, leading to massive job losses, delivering a bad deal for consumers and sowing the seeds of today’s financial and economic crisis, and yet the process goes on, says Marco Bersani. In an extract from his new book, Bersani surveys the case of Italy, home of one the world’s largest public … Continue reading
The problem with the French government’s nationalization threat is only the timidity of this rediscovered dirigisme The Socialist government is threatening to nationalise a €400m (£323m) steel plant in eastern France, unless the Indian-born billionaire Lakshmi Mittal agrees to sell it to a private buyer. Mittal’s company, ArcelorMittal, the world’s biggest steel-maker, wants to close … Continue reading
The miners have taken to the streets because the Popular Party government is not fulfilling its commitments to the mining sector under a five-year Plan for Coal agreement signed between government and unions last year. Aid to mining companies in this year’s budget was cut to 111 million euros from 301 million euros in 2011. These … Continue reading
France’s credit downgrade is timely, coming just five days before the anti-social summit [tripartite government, employer union meeting where Sarkozy expected to propose new attacks on workers' rights] The loss of the AAA rating by Standard & Poor’s will be used by Nicolas Sarkozy to justify the accelerated adoption of the golden (balanced budget) rule … Continue reading