Berfrois

‘The Troika are not acting in the long term interests of those they represent’

‘The Troika are not acting in the long term interests of those they represent’

At first sight the negotiations between Greece and the Troika seem to be simply a battle about resources: how much of the pie that is Greek national income their creditors should receive.

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How the Celtic Tiger Lost Its Stripes

How the Celtic Tiger Lost Its Stripes

Ireland on the turn? | by Daniel Finn

New Left Review

For much of the past two decades, the Republic of Ireland found itself hailed as a crowning glory of neo-liberalism. Between 1993 and 2000, Irish gnp grew by an average of...

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‘Nobody goes to jail. This is the mantra of the financial-crisis era…’

‘Nobody goes to jail. This is the mantra of the financial-crisis era…’

Wall Street: Money Never Sleeps, 20th Century Fox, 2010 From Rolling Stone: Over drinks at a bar on a dreary, snowy night in Washington this past month, a former Senate investigator laughed as he polished off his beer. “Everything’s fucked up, and nobody goes to jail,” he said. “That’s...

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Psychodrama of the IMF

Psychodrama of the IMF

Ben Heine by Biagio Bossone In the years leading up to the global crisis, the IMF routinely failed to detect the vulnerabilities that brought the global economy to its knees – even once the turmoil had begun. How could the organisation mandated to oversee international finance stability have been...

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C+V+S

C+V+S

Photograph by Phil Douglis From London Review of Books: In the case of real estate, it might happen – as it has – that more building and selling of houses has been financed than can actually be paid for with income deriving, in the last instance, from production. So...

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It seemed inevitable that the dollar would lose its exorbitant privilege. But the currency is here to stay, if only for want of an alternative…

It seemed inevitable that the dollar would lose its exorbitant privilege. But the currency is here to stay, if only for want of an alternative…

by Barry Eichengreen The dollar’s key role in international markets is once again in the spotlight. This column introduces a new book by Barry Eichengreen: Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System. As the author puts it, “If you...

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Manifesto of the Appalled Economists

Manifesto of the Appalled Economists

Atelier Tee From European Alternatives: The world economic recovery, permitted by a massive injection of public spending into the economy, is fragile but real. One continent lags behind, Europe. Finding again the path of growth is no longer its priority policy. Europe has embarked on another path: the fight...

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Martin Gilman has déjà vu all over again…

Martin Gilman has déjà vu all over again…

by Martin Gilman From my perch in Moscow, the inimitable words of Yogi Berra come to mind as I watch the economic turmoil in Ireland and the contagion effects on others that constitute the soft underside of the eurozone currency area. The sense of déjà vu is palpable.  No,...

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‘Obama knew little economics, however, and he took the word of the orthodox…’

‘Obama knew little economics, however, and he took the word of the orthodox…’

From London Review of Books: Of all Obama’s appointments, the most damaging to his credibility with liberal supporters were Lawrence Summers and Timothy Geithner, the chief economic adviser and the secretary of the treasury. Geithner has the air of a perpetual young man looking out for the interests of...

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Zombie Economic Ideas That Refuse to Die

Zombie Economic Ideas That Refuse to Die

From Foreign Policy: Theories, factual claims, and policy proposals that seemed dead and buried in the wake of the  financial crisis are now clawing their way through the soft earth, ready to wreak havoc once again. Five of these zombie ideas seem worthy of particular attention and, if possible,...

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The Time of Monsters

The Time of Monsters

Athens protest, May 5, 2010, Jesse Garcia   From New left Review: During this year’s protests against the Eurozone’s austerity measures—in Greece and, on a smaller scale, Ireland, Italy and Spain—two stories have imposed themselves. The predominant, establishment story proposes a de-politicized naturalization of the crisis: the regulatory measures...

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En Liang Khong: Full Bloom

The cross-dressing Qiu Jin was emblematic of a revolutionary feminist current at the end of the Qing era, writing urgently on women’s emancipation: “While...

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Vincent W.J. van Gerven Oei
Very Much Like a Whale by Vincent W.J. van Gerven Oei

They had obviously taken the pictures of the whale, and the group of people carrying it, out of curiosity. But still the images failed...

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Oscillation

We recognise oscillation to be the natural order of the world.

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Menachem Feuer: Body

While Sarah Silverman jokingly tells us that her Jewish identity has more to do with her body than with the “responsibilities and limitations” that...

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Jeremy Fernando: Pink

An offering that might well remain in its being offered.

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Rosie Clarke Chats to Amelia Gray

I get the impulse to look to the canon, but I think we should try and challenge and squash the canon, too.

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Mario Carpo: Voice, Words, Memory

It all started with cellphones, a long time ago. No student, and few teachers, would make voice calls from class, but in the early...

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Remembrance of Translations Past

Although Charles Kenneth Scott Moncrieff’s translation of À la recherche du temps perdu is considered by many journalists and writers to be the best...

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Colin Dickey: Time’s Resistless Stream

By now, we are all of us more or less apocalyptic. Our calendar is itself based on the apocalyptic return of Jesus Christ, counting...

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Mark Mordue: Curate. Content. Click.

Not that ‘the critic’ has ever been a greatly appreciated or understood figure. Some fat toad with a feather in his hat who thinks...

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Russell Bennetts
Street Fighter: Berfrois Interviews Tariq Ali

The extreme centre is a form of government that arose out of neoliberal economics and exists today in virtually the whole of Europe, North...

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John Crutchfield: Go West

Perhaps this is what finally draws me back to the Western. It is a fundamentally serious genre. It deals with serious questions, and it...

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Joel Gn on Henri Lefebvre

How may we speak of that which goes off the record in an age of digital colonisation?

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Volker M. Welter on Michael Graves

The designer Michael Graves, who passed away at the age of 80 on March 12th, was widely considered to be one of the founding...

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