To review the memoir of an activist who lived well to the left of official Communism is usually to begin with an apology for its subject's obscurity, and for the difficulty of explaining to the average reader the weight given in the text to storms in teacups and brawls in backstreets. All the more so when the activist concerned was a leading member of an organization usually (though in this case imprecisely) referred to as Trotskyist.
Capital is always about growth and it necessarily grows at a compound rate. This condition of capital’s reproduction now constitutes, I shall argue, an extremely dangerous but largely unrecognized and unanalysed contradiction.
Most people do not well understand the mathematics of compound interest. Nor do they understand the phenomenon of compounding (or exponential) growth and the potential dangers it can pose. Even the dismal science of conventional economics, as Michael Hudson shows in a recent trenchant commentary, has failed to recognize the significance of compounding interest on rising indebtedness. The result has been to obscure a key part of the explanation for the financial disruptions that shook the world in 2008. So is perpetual compounding growth possible?
Interview with Pablo Iglesias by Matteo Pucciarelli, La Repubblica, 20 November 2014
"With Tsipras in Greece and with us in Spain, the power conditioning the ECB’s actions will be very strong. We need to build an alliance of southern countries, as change in one state alone is impossible. If Tsipras wins in Greece then we can begin to build a southern alliance to stop austerity."
A year ago he was a well-known TV pundit, a young university professor at the Madrid Complutense nicknamed el coleta (on account of his pony tail). Today the 36 year old Pablo Iglesias is the newly elected general secretary of what the surveys are calling the biggest party in Spain: Podemos, ‘We Can’. A movement that had five MEPs elected in May’s European elections, appearing with a radical Left programme but simultaneously rejecting this label and upending the classic schemas: ‘because the word “Left” is a metaphor inadequate to these times’.
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By Christian Salmon
18 July 2014
In April 2002 we crossed Palestine from Ramallah to Gaza together with other writers from the International Parliament of Writers. Upon my return I wrote this eyewitness account of this war without end: a war waged with tanks and bombs but also with bulldozers. A work of demolition. An effort at re-territorialisation without precedent in history. An agoraphobic war…
The text was entitled ‘Sabreen, or patience’. More than ten years later, I would add: how far can their patience be stretched?