How fitting. A hundred years after possibly the most grotesque of Britain’s many military disasters, known as the Battle of the Somme, the long-awaited Chilcot Report into yet another grotesque British military disaster is finally due to be published. Given that the British establishment is not well-known for confessing its many faults, I’m not expecting much.
Brexit could trigger a $500 trillion derivatives meltdown, by forcing the EU to allow insolvent member governments and banks to write down debt. Italy is in financial crisis and is already petitioning for that concession. How to avoid collapse of the massive derivatives house of cards? Alternatives are considered.
(ANTIMEDIA) United Kingdom — At this time last week, citizens of the U.K. turned out in record numbers to cast their votes on whether to remain under the control of the European Union or leave it. When the final votes were counted, a collective “Oh, shit” could be heard from both sides as it was revealed the Leave campaign had won — and there was only a moment of silence before all hell broke loose.
Oh, that poor old United Kingdom! Armies of political commentators based on all continents are now feverishly trying to define to what extent the Brits got fooled, or how severely they will soon get punished for their ‘bold move’.
“The last few days have been seismic and historic for Britain, the greatest political crisis since the second world war with reverberations felt around the world,” wrote Guardian editor-in-chief Katharine Viner in the Graun yesterday, in what amounts to a begging letter to her diminishing readership, imploring them to throw money the Guardian’s way. She goes on to say: ‘We’ve […]
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The ‘Brexit’ referendum vote, split 52% to 48% in favour of leaving the European Union, has been exploited by the ‘mainstream’ media to launch yet another assault on Labour leader Jeremy Corbyn. ‘Impartial’ BBC News, directed by former Murdoch editor James Harding, has been one of the worst culprits. Consider the wave of resignations of Labour shadow ministers which was […]
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A political beacon is about to be extinguished unless he breaks with the doomed Labour Party and sets up on his own.
I’m still trying to figure out how what is called The Left, in the UK and elsewhere, can hold two seemingly contradictory positions in its condemnation of the Brexit. On the one hand, they laudably criticize the neo-liberal agenda of austerity, privatization of public resources, and all the rest of the retrograde policies that have returned Europe (and wherever else 21st century capital has managed to extend its tentacles) to a neo-feudal state. On the other, they criticize the Brexiteers of every political stripe of caving in to some minuscule but megaphoned far Right Wing racist agenda
