The Bloody Crossroads

It may surprise you to know (but then again it may not) that Karl Marx and Friedrich Engels were in favour of free trade. For them it was one of the glories of capitalism that it could move across the globe at will – transforming everything in its path, ripping up the past and tearing down tradition – and to […]

Even as Yanis Varoufakis was resigning as Greece’s Minister of Finance last week, he was proclaiming a victory for democracy. The July 5 referendum, in which the Greek population rejected the austerity measures imposed upon it by the Eurozone countries, was, he said, a ‘unique moment when a small European nation rose up against debt-bondage’. The vote was a reassertion […]