After the July Revolution [of 1830], when the liberal banker Laffitte led his Compère, the Duke of Orleans, in triumph to the Hotel de Ville, he let fall the words: “From now on the bankers will rule”. Laffitte had betrayed the secret of the revolution.
It was not the French bourgeoisie that ruled under Louis Philippe, but one faction of...
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Sunday, January 8, 2012
What might history tell us about the "Greek crisis"?
We haven't talked about the euro yet in this blog - and this is something that we will have to remedy soon. But for now, we will focus on the "Greek crisis", as more and more analysts, banks and investors are preparing for a debt restructuring and/or a default.
There are plenty of articles on the subject - however, we will repost an...
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Albert Einstein: "Why Socialism?"
Why Socialism? Albert Einstein is the world-famous physicist. This article was originally published in the first issue of Monthly Review (May 1949). It was subsequently published in May 1998 to commemorate the first issue of MR‘s fiftieth year.
Is it advisable for one who is not an expert on economic and social issues to express...
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