[Marxism] Kevin Ovenden in Greece on the resignation of Yanis Varoufakis and more

2015-07-06 Thread John Passant via Marxism
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Kevin Ovenden in Greece on the resignation of Yanis Varoufakis and more

Two great pressures now. One to give a bourgeois stabilising meaning and limit 
to the great Oxi revolt. Two to create the feel of compromise and consensus 
within Greek society and in the negotiations to put the whole radicalising 
process back in the box.

http://enpassant.com.au/2015/07/06/kevin-ovenden-in-greece-on-the-resignation-of-yanis-varoufakis-and-more/
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Re: [Marxism] On Tsirpas

2015-07-06 Thread Stuart Munckton via Marxism
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 Well I hope you are right Sheldon.  My analysis was based on the offer
 Tsirpas made at the last minute.  Mind you I was heavily influenced by the
 Guardian headline which said Tsirpas climbs down.  Also, Galbraith hinted
 that Tsirpas sidelined Varoufakis and put more concession minded
 negotiators in charge.


As well as the obvious danger of taking angles and spin from corporate
press on face value, there is another danger here. Tsipras *did* replace
Varoufakis as head of negotiating team, and this *was* spun as taking a
softer line. But what Tsipras, other commentatots speaking to Syriza and
Varoufakis themselves all said was it was simply to remove a false
argument. The creditors were saying they couldn't work with Varoufakis, he
was too confrontational etc etc. So Syriza said fine -- you can work with
someone different. There was no obvious change *at all* in Syriza's actual
approach, and Varoufakis is not one to be silent, if he disagreed with
things he would say (as he has at times).

Syriza are trying to prove to Greek people and to other people, that they
are doing what they can to get the best deal, and that all of the
intransigence is on the other side. Why let *an individual* get in the way?
It is a false argument, a straw argument, to say Varoufakis is the
problem -- though one that plays on his public persona - so they got rid
of it.

This is important given what has just happened -- with Varoufakis resigning
as finance minister. Through the prism of bourgeois politics, it makes no
sense. Varoufakis is at the height of his political powers, his capital
could not be higher after that win. He is hugged and mobbed when he appears
on the street. It *also* can't really be understood if viewed as he was
pushed out as some sort of back down. I don't believe Varoufakis would
just go if he thought it would mean caving to the troika.

And he wouldn't *have* to go either, he would be very difficult to remove
if he didn't want to be removed. So when he says he is going to make it as
easy as possible for the government to negotiate, to avoid all false
arguments, I thikn the safest bet is take his word at face value.


I thikn his explanation that this is a tactical decision to call out the
troika's attempts to divert attention by saying they can't worth with Yanis
to say fine, you don't have to. Now negotiate properly.



 If the Troika had accepted his last minute offer, then that would have
 destroyed him and his party and demoralized the people.  A hell of a
 bluff, I would call that. But maybe you have access to more information
 than myself.  In any case, this is a victory for the people.  And that is
 what we must now concentrate on.


Again the problem is this is read through a certain lens. And gets to the
heart of what is a sell out etc. I think Tsipras genuinely wants a deal
and is trying to get the best deal he can. that is what he says. that, for
the matter, is what the supposedly more hardline Varoufakis says
*repeatedly* whenever asked. I think the reason is a weighing up of the
consequences of each decisions, combined with popular views.

That is what they always said and everything they have done is in this
direction. Of course, they won't do a deal *at any price*, as we have just
seen. But I think this is weighing up the reality that a grexit is not
necessarily automatically going to improve their position, and certainly,
unless it is widely understood as the Troika's fault, could badly affect
Syriza's standing. But also it is about understanding that there is no real
way to improve their position without a breakthrough elsewhere in Europe,
or with more more pressure across Europe on the ruling classes to force a
backdown.

Regardless of whether you think this approach is right or wrong, there is
no back down from their *actual position* involved in offering
concessions, or a sell out. if you pretend to be one thing and do
another, you may be a sell-out. But this is the course they have always
advocated and, we have seen, they are willing to be very firm on the
principles underpinning it -- even if we concluded the approach is
strategically wrong.

VBut even more than that -- the point around the world is not to focus on
betrayal or sell-out or even cheering their strategy on. It is
understanding that, whatever their strategy is and its strengths and
weaknesses, they are carrying it out under the most intense blackmail and
sabotage imaginable and the KEY thing is that must end. They must stop
their economic war on Greece.

How those facing war, those with guns against their hand, those taking the
most savage beating seek to end or ease their suffering is their business.

Re: [Marxism] The Greek working class overwhelmingly rejects austerity

2015-07-06 Thread ioannis aposperites via Marxism

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On 06/07/2015 08:56 πμ, Sheldon Ranz via Marxism wrote:

All along, Tzipras' offer of concessions was a bluff.  He
knew that the Troika would reject them, so he 'offered' them knowing that
the Troika's arrogant rejection of them would galvanize the Greek
electorate into giving him a majority


Too speculative per se. Yet facts are very stubborn and this 
http://money.cnn.com/2015/07/01/news/economy/greece-prime-minister-letter-bailout-concessions/ 


does not look like three dimensional chess. You can not bluff with no cards.
JA
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Re: [Marxism] The Greek working class overwhelmingly rejects austerity

2015-07-06 Thread ioannis aposperites via Marxism

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On 06/07/2015 10:53 πμ, Lüko Willms wrote:

on Montag, 6. Juli 2015 at 02:07, ioannis aposperites via Marxism wrote:

* And we in ANTARSYA had the right thing to say. It was us who have

something to say about the next day.


* and what did you say?

  I just don't know.

  How do you think to mobilize the 25% unemployed back into productive
activity, really taking their destiny in their working hands?



Cheers,
Lüko Willms


Well it was not a legislative election and the point of gravity was not 
on your question. Of course you can find Antarsya's positions summed up 
 at: http://antarsya.gr/node/2867
and this article 
http://rs21.org.uk/2015/01/21/greek-elections-the-strategic-challenges-for-the-left/ 
by P Sotiris of ARAN, ANTARSYA's right wing.

JA
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Re: [Marxism] The Greek working class overwhelmingly rejects austerity

2015-07-06 Thread Lüko Willms via Marxism
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on Montag, 6. Juli 2015 at 02:07, ioannis aposperites via Marxism wrote:

 And we in ANTARSYA had the right thing to say. It was us who have 
 something to say about the next day.

  and what did you say? 

  I just don't know. 

  How do you think to mobilize the 25% unemployed back into productive 
activity, really taking their destiny in their working hands? 


 
Cheers, 
Lüko Willms

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Re: [Marxism] On Tsirpas

2015-07-06 Thread Marv Gandall via Marxism
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 On Jul 6, 2015, at 4:41 AM, Stuart Munckton via Marxism 
 marxism@lists.csbs.utah.edu wrote:
 
 
 Again the problem is this is read through a certain lens. And gets to the
 heart of what is a sell out etc. I think Tsipras genuinely wants a deal
 and is trying to get the best deal he can. that is what he says. that, for
 the matter, is what the supposedly more hardline Varoufakis says
 *repeatedly* whenever asked. I think the reason is a weighing up of the
 consequences of each decisions, combined with popular views.
 
 That is what they always said and everything they have done is in this
 direction. Of course, they won't do a deal *at any price*, as we have just
 seen. But I think this is weighing up the reality that a grexit is not
 necessarily automatically going to improve their position, and certainly,
 unless it is widely understood as the Troika's fault, could badly affect
 Syriza's standing. But also it is about understanding that there is no real
 way to improve their position without a breakthrough elsewhere in Europe,
 or with more more pressure across Europe on the ruling classes to force a
 backdown.
 
 Regardless of whether you think this approach is right or wrong, there is
 no back down from their *actual position* involved in offering
 concessions, or a sell out. if you pretend to be one thing and do
 another, you may be a sell-out. But this is the course they have always
 advocated and, we have seen, they are willing to be very firm on the
 principles underpinning it -- even if we concluded the approach is
 strategically wrong.

My impression also. Concretely, I think the Tspiras leadership is seeking debt 
relief and an end to the vicious austerity which has smashed the living 
standards of the Greek masses as its immediate priorities. This requires the 
troika of creditors to write off and postpone interest payments far into the 
future and to allow more room for government spending by abandoning the current 
targets for primary budget surpluses, ie. fiscal restraint.

In exchange, as the Tsipras letter leaked to the press last week indicated, it 
has promised to implement the nefarious  structural reforms demanded by 
euro-capitalism, beginning with lifting impediments to the employment of cheap, 
transient labour markets which would weaken the power of trade unions, rolling 
back pension benefits, raising consumption taxes (the VAT), and proceeding with 
the privatization of important public assets. However, these reforms require 
further elaboration, negotiation, and parliamentary approval and the devil will 
lie in the details, with the government seeking to fudge and soften their 
impact during this process, or at least hoping it can do so. The final shape 
these concessions will take will largely depend on the evolving relationship of 
forces within Greece and within the other debtor countries of the eurozone, 
within both the ruling and popular classes.

The troika has transparently behaved like an arrogant bullying employer 
supremely confident it could cow its workers and destroy any resistance by 
their not fully compliant union. Instead, it has provoked an angry worker 
backlash and the equivalent of a strengthened strike mandate to their union. 
Whether this miscalculation by the euro-capitalist hard-liners will result in 
an acknowledgement that some accommodation with Syriza is now necessary to 
stabilize the Greek situation and prevent the referendum example from inspiring 
resistance elsewhere in the eurozone remains to be seen.
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[Marxism] Tariq Ali on Syriza triumph; Paul Mason on Varoufakis

2015-07-06 Thread Dayne Goodwin via Marxism
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[at Verso blog]

Tariq Ali: The Syriza triumph is a victory
for Verso blog by Kieran O'Connor, July 6
http://www.versobooks.com/blogs/2095-tariq-ali-the-syriza-triumph-is-a-victory

Tariq Ali, author of The Extreme Centre, gives his verdict on the
resounding 'No' from voters in Sunday's referendum, backing its
leader's call to reject the harsh terms outlined by the Eurozone for a
potential bailout.

This a historic triumph for Greece, its people and democratic
accountability. The disgusting campaign waged by the EU Group and ECB
has backfired sensationally. The invertebrate Greek politicians who
voted YES misjudged the mood of their people. The EU leaders who waged
a financial war on Greece should look in the mirror. If what they see
is ugly, they should not blame the mirror. The Syriza triumph is a
victory. How should it be interpreted? A slap in the face of the EU
elite and the Troika; a signal that people are ahead of the
politicians and prepared to go further. They have seen their
government pleading, begging on its knees for an agreement. They have
seen SYRIZA abandon its programme and their response is don't go any
further. Take a tougher position. Don't capitulate. Fight back. We are
with you. The minute Tsipras decided to go for a referendum, the mass
movement was revived. ‪

The questions that arise immediately are the following:

‪If there is no serious agreement on any meaningful debt restructuring
is the government prepared to default? If the EU stance remains the
same is SYRIZA prepared to quit the Eurozone and implement Plan B?

‪I hope so. The Greek negotiators now know that their people will
support them further if they are told the truth. That is what Tsipras
did at the historic Syntagma mass demonstration last week and we have
the response. The Greek people have reasserted their sovereignty.
Their government must now do the same.


Explaining Yanis Varoufakis: Greece's Anti-Austerity 'Rock Star'
by Kieran O'Connor for Verso blog, July 6
http://www.versobooks.com/blogs/2097-explaining-yanis-varoufakis-greece-s-anti-austerity-rock-star

Varoufakis's anti-austerity ideas are spelled out in his book The
Global Minotaur: America, Europe and the Future of the Global Economy,
published by our comrades at Zed Books. Below is the foreword to that
book by Paul Mason, economics editor for Channel 4 News and author of
Meltdown: The End of the Age of Greed.
 . . .

 Video: Mason on Varoufakis
http://www.versobooks.com/blogs/2094-paul-mason-on-yanis-varoufakis-the-economist-who-wouldn-t-play-politics

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Re: [Marxism] Test -- please ignore 3

2015-07-06 Thread Louis Proyect via Marxism

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another test
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[Marxism] Joint Statement by Greek Political Party Leaders, July 6

2015-07-06 Thread Dayne Goodwin via Marxism
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Joint Statement by Greek Political Party Leaders

translated by The Greek Analyst, July 6
https://greekanalyst.wordpress.com/2015/07/06/joint-statement-by-greek-political-party-leaders

Following the result of yesterday’s referendum, where the Greek people
responded with a resounding ‘NO’ to a highly ambiguous (and void)
question, the Greek Prime Minister Alexis Tsipras called for a meeting
with the rest of the political leadership in the country. After making
his request official yesterday night, at the President of the
Democracy, Prokovios Pavlopoulos, the President called the meeting
earlier today at the Maximos Building.

What follows is the joint statement released after the conclusion of
the meeting, translated in English. You can find the original
statement (in Greek), here.
http://www.efsyn.gr/arthro/koino-anakoinothen-tsipra-me-politikoys-arhigoys-ektos-toy-kke
Updates (perhaps) to follow, as more info comes in.


After a request by the Prime Minister Mr. Alexis Tsipras, the
President of the Democracy Mr. Prokopios Pavlopoulos, convened today,
6th of July 2015 and time 10:00, a meeting of the Political Leaders of
the Parties represented in the Hellenic Parliament, under his
Presidency.

In the meeting participated:

The Prime Minister, Mr. Alexis Tsipras.
The transitional Leader of New Democracy, in his capacity as leader of
the Opposition, Mr. Evangelos Meimarakis.
The Head of “To Potami” party, Mr. Stavros Theodorakis.
The General Secretary of the Central Committee of the Communist Party,
Mr. Dimitrios Koutsoumbas.
The President of the Independent Greeks, Mr. Panagiotis Kammenos.
And the President of PASOK, Mrs. Fofi Genimata.

During the meeting, the Prime Minister proceeded in informing the
Political Leaders regarding the initiatives he intends to immediately
undertake, after the result of yesterday’s referendum. Consequently,
the Political Leaders expressed their individual proposals. At the end
of the meeting, the Political Leaders – with the reservation of the
overall disagreement of the General Secretary of the Central Committee
of the KKE, Mr. Dimitris Koutsoumbas, which was registered in detail
in the proceedings of the meeting – resulted in the following joint
statement:

“The recent verdict of the Greek people does not comprise a mandate of
rupture, but a mandate for continuing and strengthening the effort of
achieving a socially just and economically sustainable agreement.
Towards this direction, the Government assumes the responsibility of
continuing the negotiations. And each Political Leader will
contribute, respectively, within the framework of his/her
institutional and political role. The common goal is to seek a
solution that will ensure:

The adequate coverage of the financing needs of the Country
Reliable reforms, based on the criterion of the just distribution of
burdens and the promotion of development, with the least possible
recessionary effects.
Powerful, front-loaded, growth program, first and foremost for
combatting unemployment and for the encouragement of entrepreneurship.
A commitment towards the beginning of substantive discussion on
dealing with the problem of the sustainability of the Greek public
debt.

Immediate priority is to restore the liquidity in the financial
system, in consultation with the ECB. The Prime Minister has promised
to inform the Political Leaders, immediately after the forthcoming EU
Summit, for the first conclusions to be drawn and for the overall
progress of the negotiations.”

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[Marxism] Greek Victory

2015-07-06 Thread James Creegan via Marxism
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I've never been so happy to be wrong in one of my predictions. In fact, I
am happy, period. I have not had such encouraging news in a very long time.

The Greek people's spirit of resistance and defiance is unparalleled in
recent decades. They voted as they did despite a propaganda barrage from
the oligarch-controlled media, threats from employers, personal
interventions from top EU officials and government heads, economic
blackmail and the vacillation and panic of Tsipras and the Syriza
leadership. Their courage will resound throughout Europe, and beyond. TINA
died a long overdue death in Athens yesterday. The consciousness of the
Greek working class may not yet be revolutionary, but its fighting spirit
is the stuff out of which revolutionary consciousness can emerge.

Jim Creegan
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[Marxism] Test -- please ignore

2015-07-06 Thread Louis Proyect via Marxism

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xxx
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Re: [Marxism] Test -- please ignore

2015-07-06 Thread Louis Proyect via Marxism

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another test

On 7/6/15 3:47 PM, Louis Proyect wrote:

xxx

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[Marxism] ECB holds Greece ELA funding as is; Tsakolotos replaces Varoufakis; new deal remote

2015-07-06 Thread Dayne Goodwin via Marxism
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European Central Bank maintains funding for embattled Greek banks
by Griff Witte and Michael Birnbaum
Washington Post, July 6
http://www.washingtonpost.com/world/greeks-reject-bailout-offer-in-landslide/2015/07/06/827b840f-f803-443d-a478-5d257b1af1fe_story.html

[WaPo reports ECB's ELA funding level at $98B, it is actually $89B]
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[Marxism] What it's like to work at the Huffington Post

2015-07-06 Thread michael yates via Marxism
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This article isn't surprising. Huffington is a pig, and her enterprise runs 
like one overseen by a pig. Yet, people keep writing for her. OneRobert Naiman, 
who runs a liberal advocacy organization and is always posting some stupid 
thing or another explaining how, if we support progressive Democrats, utopia 
will sooner or later descend upon us, writes regularly. When writers a few 
years ago were urging a boycott, Naiman said labor stalwarts like Robert Reich 
weren't honoring the boycott, so this must have meant that the boycott efforts 
really were not legitimate and refusing to honor them was not the same as 
crossing a picket line.
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[Marxism] AnalyzeGreece! the Greferendum

2015-07-06 Thread Dayne Goodwin via Marxism
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Greferendum: The second earthquake
by Nicos Sarantakos
AnalyzeGreece!, July 7
http://www.analyzegreece.gr/topics/greece-europe/item/271-greferendum-the-second-earthquake

 . . .
* The yesterday vote had strong class overtones. It was not the Syriza
voters who voted for No, rather the poor and the unemployed. The
results of two Athens suburbs are eloquent: in the posh Northern
suburb of Ekali, the Yes vote won with a resounding 85%; on the other
hand, in working-class neighbourhood of Perama, a suburb of Piraeus,
it was the No that gathered 76%, with similar results (between 72% και
75%) in Nikaia, Aghia Varvara, Drapetsona and other working-class
suburbs. In upper-middle-class Chalandri, where Syriza had come first
back in January elections (and also won the local elections with a
far-left ticket) Yes came first by a short margin.

* Voters’ age played a role in the yesterday vote. According to a
poll, three quarters of students voted for No. Interestingly, a lot of
young people opted for No, despite the fact that in January they had
voted for parties that supported the Yes option.

* A beneficial side-effect of the big margin was that it made
irrelevant the Golden Dawn vote. The Nazist party had appealed for
No...  Moreover, the Golden Dawn voters did not follow the party line:
according to polls, more than half of them voted for Yes. Not by a
coincidence, the Yes vote registered its highest result in Lakonia,
the constituency where Golden Dawn made the best national showing in
January.

* Communist voters, including very many party members, ignored the
official party line in favour of an invalid vote, and they voted
massively for No. It should be noted that in [its] almost centennial
existence the Communist Party had always taken a clear-cut side in
past referendums, so the yesterday call for an invalid vote was a
novelty –which failed to convince the communist voters though.
 . . .

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[Marxism] A message from within Syriza: a great NO from the Greek people

2015-07-06 Thread Philip Ferguson via Marxism
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Redline blog regularly receives reports from friends within Syriza.  We
received the following communique from our friends, one of the left
currents in Syriza, yesterday:

1) We are in front of a *great NO* by the Greek People, who stands defiant
and fighting against the ultimatums and the destructive policies imposed on
Greece by the troika and its local supporters. Today’s NO has a *pan-hellenic,
national, popular, democratic character*. It proves once again that the
Greek People has a great reserve of courage and resisting spirit, and
storms the political scene, as it has always happened in critical moments
of our History.

2) This great NO, around 61,5%, comes despite the (unforeseen in post-war
Europe) *terror campaign and direct threats *by all the systemic
reactionary forces on European and international level. Moreover, it has
been achieved despite the manifest weaknesses of the Greek Left’s forces.
It is a result that was not expected by all those who underestimate the
Greek people’s courage, and this remark is valid no matter how huge
difficulties we shall face tomorrow (literally!).
3) The referendum’s result represents a crushing defeat of the pro-troika
internal opposition, which, in vain, spared no effort to distort the
meaning of the referendum and to multiply the fear amongst the Greek
society. It represents *a crushing defeat of the whole old political,
business and media system*. Already. . . .

full at:
https://rdln.wordpress.com/2015/07/07/a-great-no-by-the-greek-people/
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[Marxism] Germany Maintains a Hard Line on Greece Debt After Vote

2015-07-06 Thread Louis Proyect via Marxism

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NY Times, July 6 2015
Germany Maintains a Hard Line on Greece Debt After Vote
By LIZ ALDERMAN and JACK EWING

ATHENS — Germany maintained a hard line with Athens on Monday after 
Greek voters rejected Europe’s austerity policies in a referendum, 
intensifying pressure on Prime Minister Alexis Tsipras to restart 
bailout talks and opening a rift with European countries that appeared 
more inclined now to consider softening the push for austerity.


As Mr. Tsipras changed his finance minister Monday and laid plans to 
restart bailout negotiations with creditors, however, it appeared the 
jubilation that followed the no vote in Greece could fade quickly as 
signs of financial collapse become more evident.


While the referendum may have lifted Mr. Tsipras’s popularity and bought 
some time to return to negotiations, Greek banks are almost out of cash 
and are expected to stay closed for at least several more days, analysts 
and people close to the situation in Greece said.


The government decided on Monday that a bank holiday scheduled to end 
Tuesday would now be extended through Wednesday, and a daily cap on 
A.T.M. withdrawals of 60 euros, about $66, in place since last week, 
could be tightened. An announcement was expected later in the day. Long 
lines formed again at cash machines in Athens on Monday as people 
continued to take out money in dribs and drabs.


The European Central Bank decided Monday to maintain emergency loans to 
Greek banks at about 89 billion euros, a level that keeps them from 
failing but will not prevent them from running out of cash they can 
issue to depositors within a few days.


Ominously, the central bank also said it would tighten requirements for 
collateral that Greek banks must post in return for loans. The decision 
means that, even if the European Central Bank decides to increase the 
lending limit, Greek banks might not have enough collateral needed to 
qualify for more emergency cash.


The decision was a concession to hard liners on the central bank’s 
Governing Council, and a sign the central bank is worried about losses 
it would suffer if Greek banks fail.


If a deal for emergency financial aid or a reduction of the nation’s 
mountainous debt is not struck soon, Greece will probably default on 
international loans this month, and paying civil servants and pensioners 
will be increasingly problematic. Should Greece run out of euros in the 
absence of a deal, it could soon be forced to issue a parallel currency 
or i.o.u.s to pay its domestic bills, leading it out of the euro currency.


Mr. Tsipras on Monday took the first steps toward conciliation with 
Greece’s creditors. The combative finance minister, Yanis Varoufakis, 
abruptly resigned at Mr. Tsipras’s behest, and was replaced by Euclid 
Tsakalotos, an Oxford-educated economist who took over from Mr. 
Varoufakis as Greece’s lead negotiator at the end of April.


After a six-hour meeting, the leaders of Greece’s five main political 
parties issued a statement saying they would seek discussions with 
creditors to secure sufficient funds for the nation’s financing needs. 
They also pledged to carry out “credible reforms,” tackle unemployment 
and broach the issue of making Greece’s large public debt more sustainable.


Still, Germany, the eurozone country to which Greece owes the most money 
and the one that has tended to take the hardest line in the debt talks, 
warned on Monday against hopes for a quick resolution. A spokesman for 
the Finance Ministry said Berlin saw no new basis for negotiations with 
Athens at this point.


The spokesman for Angela Merkel, Germany’s chancellor, said that while 
Greece was still in the eurozone, it was up to Athens to determine 
whether the country would stay.


The Greek government said Monday afternoon that Mr. Tsipras and Ms. 
Merkel had spoken by telephone and had agreed that he would present new 
debt proposals on Tuesday, when eurozone leaders are to meet in Brussels.


Other European leaders seemed eager to avoid the specter of a Greek exit 
from the euro, especially since the narrative over the wisdom of 
austerity appeared to have shifted in popular opinion, as images of 
Greeks celebrating their repudiation of austerity were broadcast worldwide.


Officials in France and in Brussels said on Monday that they were 
unhappy and dumbfounded with the no vote, but let it be known that they 
would hold the door open to the possibility of a compromise between 
Greece and its creditors.


At a news conference in Brussels on Monday, the European Commission’s 
vice president for euro affairs, Valdis Dombrovskis, said that the no 
vote in Greece would 

Re: [Marxism] ECB holds Greece ELA funding as is; Tsakolotos replaces Varoufakis; new deal remote

2015-07-06 Thread Dayne Goodwin via Marxism
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ECB toughens terms on Greek lifeline
Financial Times, July 6
http://www.ft.com/intl/fastft/355591

The eurozone's central bankers have toughened the terms of its
lifeline to the Greek banking system, raising the discounts — or
haircuts — on the collateral Greek banks are swapping for their
emergency funding.

The move, made by the European Central Bank's governing council on
Monday, means Greek lenders will have to stump up more assets in
exchange for the Bank of Greece's Emergency Liquidity Assistance,
Claire Jones reports.

The ECB refused to disclose the size of the new haircuts, but all four
of Greece's main banks are thought still to have enough collateral
available to roll over their emergency loans. Two people on the
governing council objected to the decision, according to Eurosystem
sources. Both of the objectors wanted the ECB to take stronger
measures.

The governing council left the ceiling on Emergency Liquidity
Assistance from the Bank of Greece frozen at €89bn, but said in a
statement that the financial situation of Greece has an impact on
Greek banks since the collateral they use in ELA relies to a
significant extent on government-linked assets.

Greek banks were thought to be using government bonds and
government-backed bank debt to access loans worth just below €50bn.

In this context, the governing council decided today to adjust the
haircuts on collateral accepted by the Bank of Greece for ELA, the
ECB said in a statement.



On Mon, Jul 6, 2015 at 12:31 PM, Dayne Goodwin daynegood...@gmail.com wrote:
 European Central Bank maintains funding for embattled Greek banks
 by Griff Witte and Michael Birnbaum
 Washington Post, July 6
 http://www.washingtonpost.com/world/greeks-reject-bailout-offer-in-landslide/2015/07/06/827b840f-f803-443d-a478-5d257b1af1fe_story.html

 [WaPo reports ECB's ELA funding level at $98B, it is actually $89B]

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[Marxism] What it's like to work at the Huffington Post

2015-07-06 Thread Louis Proyect via Marxism

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http://www.nytimes.com/2015/07/05/magazine/arianna-huffingtons-improbable-insatiable-content-machine.html

The Huffington Post remain at their desks during lunch and keep an eye 
on the web at all times. If, while you’re offline, three new Instagram 
filters are announced and you’re late to post the news, that’s a 
problem. ‘‘Just about everyone works continuously, whether you’re at the 
office or not,’’ one former employee said. ‘‘That little green light 
that says you’re available on Gchat is what matters.’’


Low pay worsens the strain. One former employee said that some staff 
members take second jobs to cover their expenses. Some tutor; others 
wait on tables; others babysit. (A representative for The Huffington 
Post said the company was unaware of any moonlighting.) Many staff 
members rely on what has been called ‘‘HuffPost lunch’’ — Luna Bars, 
carrots, hummus, apples, bananas and sometimes string cheese, all served 
gratis in a kitchen area of the office.


Inevitably, there is burnout. At the New York office, nearly two dozen 
employees have left since the start of this year, either because they 
were laid off or found more enticing and less hectic jobs. A Gawker post 
in early June, written by an anonymous former staff member, said the 
recent departures were hardly a surprise because the place has long been 
‘‘so brutal and toxic it would meet with approval from committed 
sociopaths.’’


A former editor told me about a period in 2013 when a series of 
departures left a cluster of empty desks along a wall that Huffington 
walks past on the way to her office. ‘‘Someone told my manager, ‘Arianna 
is really stressed out about the number of people leaving, so we need a 
bunch of people to sit at those desks in the path from the elevator to 
her office, to make her feel better,’ ’’ the former editor said. ‘‘So we 
sat there, waiting to say: ‘Hello! Greetings!’ as she walked by. It was 
supposed to be for two hours, but she got there at about 3 in the 
afternoon instead of 11 in the morning. It was absurd. I had to 
interrupt my workday because this woman was stressed out, because so 
many people had left, because they were stressed out.’’ (A Huffington 
Post representative denied this story, saying it was ‘‘clearly made up 
by someone with an ax to grind.’’)


Staff members in Huffington’s inner circle must also contend with her 
superhuman endurance. Her oft-repeated claim to sleep eight hours a 
night notwithstanding, she rarely seems to be idle. Emails from her 
cease, several ex-employees told me, only between 1 a.m. and 5 a.m.


There are staff members who have stuck it out for years and speak highly 
of the site as a place to work. They say they form lasting bonds with 
co-workers and relish the sense that they are writing for millions of 
readers. Some, like Daniel Koh, a former A-Teamer, speak with a 
reverence and fondness for Huffington herself. Koh described her as a 
perfectionist of exceptional intellectual wattage, a leader who never 
raises her voice and never holds a grudge. ‘‘Was it intense, and long 
hours, and did she teach me to maximize my workday?’’ he said. 
‘‘Absolutely.’’


But others who have worked closely with Huffington have found it a 
bruising experience, saying that she is perpetually on the lookout for 
signs of disloyalty, to a degree that bespeaks paranoia or, at the very 
least, pettiness. Employees cycle in and out of her favor, hailed as the 
site’s savior one moment, ignored the next. (The Gawker post called the 
office ‘‘essentially Soviet in its functioning.’’) ‘‘Everyone’s stock is 
shooting up or falling at any given moment, so everyone is rattled with 
uncertainty and insecurity,’’ one former employee said. ‘‘I’ve never 
seen anything like it.’’


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[Marxism] Kevin Ovenden in Greece: Europe's 'leaders' have learnt nothing

2015-07-06 Thread John Passant via Marxism
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Kevin Ovenden in Greece: Europe's 'leaders' have learnt nothing

The result of the little game by the geniuses who run the EU was to further 
shatter New Democracy, the party of big business. The left has hegemony in 
Greek society for the first time since 1944.

http://enpassant.com.au/2015/07/07/kevin-ovenden-in-greece-europes-leaders-have-learnt-nothing/
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[Marxism] Education for anti-capitalists (mainly pieces on political economy, exploitation, crisis etc)

2015-07-06 Thread Philip Ferguson via Marxism
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https://rdln.wordpress.com/2015/03/29/education-for-anti-capitalists/
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[Marxism] Imperialism in search of a new world order after the Cold War

2015-07-06 Thread Philip Ferguson via Marxism
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https://rdln.wordpress.com/2015/06/17/from-the-vaults-in-search-of-a-new-world-order-1998/

See also: The postmodern abyss:
https://rdln.wordpress.com/2015/06/10/from-the-vaults-staring-into-the-postmodern-abyss-1990/
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[Marxism] The White New Zealand policy

2015-07-06 Thread Philip Ferguson via Marxism
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The first seven chapters of my old PhD thesis on the White New Zealand
policy - written between 1997-2002) are now up on Redline.  There are
several chapters still to go.

The first seven chapters can be reached via:
https://rdln.wordpress.com/2015/02/07/pieces-on-the-white-new-zealand-policy/

Phil
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[Marxism] Yanis Varoufakis resigns from Finance Minister post

2015-07-06 Thread Dayne Goodwin via Marxism
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Minister no more: Greek finance minister Yanis Varoufakis resigns
The Guardian, July 6
http://www.theguardian.com/world/live/2015/jul/06/greek-referendum-eu-leaders-call-crisis-meeting-as-bailout-rejected-live-updates

In another extraordinary development the Greek finance minister has
just announced his resignation.

In a move likely to spark further concerns about the role of other
European leaders in Greece’s internal politics, Varoufakis said he was
made aware of a preference by “some European participants” of his
absence throughout the continuing negotiations.

The post was made on Varoufakis’ blog and there is nothing to suggest
it is not authentic. It has also been cross-posted on his Twitter
account.


Minister No More!
Yanis Varoufakis blog
Posted on July 6, 2015 by yanisv
http://yanisvaroufakis.eu/2015/07/06/minister-no-more/#more-8433

The referendum of 5th July will stay in history as a unique moment
when a small European nation rose up against debt-bondage.

Like all struggles for democratic rights, so too this historic
rejection of the Eurogroup’s 25th June ultimatum comes with a large
price tag attached. It is, therefore, essential that the great capital
bestowed upon our government by the splendid NO vote be invested
immediately into a YES to a proper resolution – to an agreement that
involves debt restructuring, less austerity, redistribution in favour
of the needy, and real reforms.

Soon after the announcement of the referendum results, I was made
aware of a certain preference by some Eurogroup participants, and
assorted ‘partners’, for my… ‘absence’ from its meetings; an idea that
the Prime Minister judged to be potentially helpful to him in reaching
an agreement. For this reason I am leaving the Ministry of Finance
today.

I consider it my duty to help Alexis Tsipras exploit, as he sees fit,
the capital that the Greek people granted us through yesterday’s
referendum.

And I shall wear the creditors’ loathing with pride.

We of the Left know how to act collectively with no care for the
privileges of office. I shall support fully Prime Minister Tsipras,
the new Minister of Finance, and our government.

The superhuman effort to honour the brave people of Greece, and the
famous OXI (NO) that they granted to democrats the world over, is just
beginning.

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[Marxism] LeftWord Books

2015-07-06 Thread Prashad, Vijay via Marxism
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Dear Friends,

I am writing to introduce you to LeftWord Books, a Marxist and Left publishing 
house based in New Delhi. LeftWord is not a new press. We began in 1999. We 
have a considerable backlist, which includes authors such as Aijaz Ahmad, 
Prabhat Patnaik, Utsa Patnaik, Irfan Habib, Prakash Karat, A. G. Noorani, G. P. 
Deshpande and others.

Our website (mayday.leftword.com) is a premier site for the sale of left and 
progressive books from India published by LeftWord and by those in our 
community of independent small presses - such as Tulika, Navayana, Stanza, 
Aakar and others.

I wanted to introduce you to some of our new titles:

(1) From India to Palestine: Essays in Solidarity, edited by Githa Hariharan. 
Electronic Intifada said of this collection, To understand how India shifted 
from being a bulwark against imperialism to allying itself with western 
interests, one can gain a great deal of insight from this book. Fascinating. 
http://mayday.leftword.com/view-book.php?slug=from-india-to-palestineisbn=9789380118208.

(2) A. Mangai, Acting Up: Gender and Theatre in India, 1979 Onwards. This is a 
landmark study of theatre and gender, art and social activism. There is simply 
no book with its range and depth. 
http://mayday.leftword.com/view-book.php?slug=acting-upisbn=9789380118055.

(3) Vijay Prashad, No Free Left: the Futures of Indian Communism. The Hindu 
says of this book, Vijay Prashad's commanding knowledge of the material...his 
passion for the subject and his meticulous research combine to show that for 
the left,new tomorrows await. 
http://mayday.leftword.com/view-book.php?slug=no-free-leftisbn=9789380118277.

(4) Rosa Luxemburg, Reform or Revolution, with a fine introduction by Brinda 
Karat. 
http://mayday.leftword.com/view-book.php?slug=reform-or-revolutionisbn=9789380118246.

We, at Leftword, welcome your thoughts and suggestions.

Warmly,
Vijay Prashad.
Chief Editor, LeftWord Books.

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[Marxism] On Tsirpas

2015-07-06 Thread Gary MacLennan via Marxism
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Hi Sheldon, greetings from Down Under and thank you for your comment.

Sheldon wrote
and there is no proof that Tsipras is some sort of sell-out, your claims
notwithstanding.  All along, Tzipras' offer of concessions was a bluff.  He
knew that the Troika would reject them, so he 'offered' them knowing that
the Troika's arrogant rejection of them would galvanize the Greek
electorate into giving him a majority during the ensuing referendum.
Getting a majority was crucial since Syriza itself won less than a majority
during its initial election victory.

Well I hope you are right Sheldon.  My analysis was based on the offer
Tsirpas made at the last minute.  Mind you I was heavily influenced by the
Guardian headline which said Tsirpas climbs down.  Also, Galbraith hinted
that Tsirpas sidelined Varoufakis and put more concession minded
negotiators in charge.

If the Troika had accepted his last minute offer, then that would have
destroyed him and his party and demoralized the people.  A hell of a
bluff, I would call that. But maybe you have access to more information
than myself.  In any case, this is a victory for the people.  And that is
what we must now concentrate on.

comradely

Gary
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[Marxism] Drought Sends U.S. Water Agency Back to Drawing Board

2015-07-06 Thread Louis Proyect via Marxism

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Drought Sends U.S. Water Agency Back to Drawing Board
By CORAL DAVENPORT

Drew Lessard stood on top of Folsom Dam and gazed at the Sierra Nevada, 
which in late spring usually gushes enough melting snow into the 
reservoir to provide water for a million people. But the mountains were 
bare, and the snowpack to date remains the lowest on measured record.


“If there’s no snowpack, there’s no water,” said Mr. Lessard, a regional 
manager for the Bureau of Reclamation, the federal agency that built and 
operates a vast network of 476 dams, 348 reservoirs and 8,116 miles of 
aqueducts across the Western United States.


For nearly a century, that network has captured water as it flows down 
from the region’s snowcapped mountains and moves to the farms, cities 
and suburbs that were built in the desert. But as the snow disappears, 
experts say the Bureau of Reclamation — created in 1902 by President 
Theodore Roosevelt to wrest control of water in the arid West — must 
completely rebuild a 20th-century infrastructure so that it can 
efficiently conserve and distribute water in a 21st-century warming world.


Brown’s Arid California, Thanks Partly to His FatherMAY 16, 2015
“The bureau is headed into a frightening new world, an uncertain new 
world,” said Jeffrey Mount, an expert on water resource management with 
the Public Policy Institute of California.


For most of the 1900s, the bureau’s system — which grew into the largest 
wholesale water utility in the country — worked. But the West of the 
21st century is not the West of Roosevelt. There are now millions more 
people who want water, but there is far less of it. The science of 
climate change shows that in the future, there will be less still.


“We have to think differently,” said Michael Connor, the deputy 
secretary of the Interior Department, which includes the Bureau of 
Reclamation. “It’s not enough just to conserve water. We need to rethink 
these projects. We have a lot of infrastructure, but a lot of it doesn’t 
work very well anymore. We need to undertake what amounts to a giant 
replumbing project across the West.”


Mr. Connor said that in the future, the nation’s water agency would have 
to put climate change at the center of its mission.


President Obama has already started to grapple with that change. Under 
orders from the White House, the Bureau of Reclamation has begun studies 
on the impact of global warming on 22 Western water basins and is 
drawing up multidecade plans to begin rebuilding its Western water 
management systems.


But a new water infrastructure across half of the United States could 
cost taxpayers billions of dollars — at a moment when Republicans are 
still focused on cutting taxes and lowering government spending. In 
Congress, the Republican majority has targeted climate change research 
as well as federal policies intended to stop climate change.


full: 
http://www.nytimes.com/2015/07/06/us/california-drought-sends-us-water-agency-back-to-drawing-board.html


---

http://www.columbia.edu/~lnp3/mydocs/ecology/harvey_oconnor.htm

In an essay Is Sustainable Capitalism Possible that appears in a 
collection Is Capitalism Sustainable edited by Martin O'Connor (no 
relation), he defines both the first and second contradictions of 
capitalism.


The first contradiction is generated by the tendency for capitalism to 
expand. The system can not exist in stasis such as precapitalist modes 
of productions such as feudalism. A capitalist system that is based on 
what Marx calls simple reproduction and what many greens call 
maintenance is an impossibility. Unless there is a steady and 
increasing flow of profits into the system, it will die. Profit is the 
source of new investment which in turn fuels technological innovation 
and, consequently, ever-increasing replacement of living labor by 
machinery. Profit is also generated through layoffs, speedup and other 
more draconian measures.


However, according to O'Connor, as capital's power over labor increases, 
there will be contradictory tendency for profit in the capitalist system 
as a whole to decrease. This first contradiction of capital then can be 
defined as what obtains when individual capitals attempt to defend or 
restore profits by increasing labor productivity, speeding up work, 
cutting wages, and using other time-honored ways of getting more 
production from fewer workers. The unintended result is that the 
worker's loss in wages reduces the final demand for consumer commodities.


This first contradiction of capital is widespread throughout the United 
States and the other capitalist countries today. No amount of capitalist 
maneuvering can