29/08 The effects of the global crisis in Europe: Willem Bos and Alex Merlo

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1. The crisis in Europe

  • Limitations, of the report
    • Based on limited experiences, focused at the EU and not on broader Europe.
    • Lack of a European policy of the FI.
  • Summary of the character of the crisis
    • Capitalism = periodical crisis, short cycles and long waves.
    • 1930, great depression, 1946-1974-5 golden years, 1980-neoliberalisme.
    • Characteristics of neoliberalisme: Liberalization, privatization, globalization, changes in international division of labour, financialisation, role of debt. Serious setbacks for word working class.
    • 2007, subprime crisis, financial crisis, economic crisis, sovereign debt crisis, crisis of the euro system.
    • Background: environment crisis, global warming.
  • The European context.
    • EU as an economic project.
    • Passing by democracy.
    • The forming of the euro zone, and his consequences.
    • Concurrence in the field of labour wages etc. and the environment.
    • Growing differences between North and South (and East and West).
  • The European ‘solution’
    • Let the people pay, let the system function again.
    • Putting aside democracy.
    • Heavy austerity programs, dept pump for indebted countries.
    • Debate in Europe:
    • Euro bonds, economic government, strict norms, etc.
    • Is a debate on how to make working class pay for the crisis.
    • Consequences:
      • Economically: no solution.
      • Democratically: unacceptable.
      • Environmental: disastrously.
      • Rise of xenophobic anti European right, division of the working class.
    • Alternative
      • Anti capitalist solution.
      • Understanding the character of the crisis and de relationship with environmental crisis.
      • Changing the exciting balance of forces.
      • Building movements against austerity plans etc.
      • Programmatically: Internationalist answers, another Europe (world) is possible.

2. The struggles in Europe: Balance and Perspectives