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national / housing / news report Friday November 28, 2008 14:40 by Paul Bowman 3 comments (last - wednesday march 18, 2009 08:19) 2 video files
The official story is that the origins of the current crisis lie in the collapse of the US subprime mortgage market - i.e. poor people not paying their mortgages. Although this may have been the trigger event, it is not the real cause. The real cause lies in pyramids not houses. Specifically the enormous debt pyramid built up by the Western countries, particularly those following the Anglo-saxon economic model - which, unfortunately for us, includes Ireland. read full story / add a comment
international / anti-capitalism / opinion/analysis Friday November 28, 2008 14:30 by Alan MacSimoin 43 comments (last - monday july 10, 2017 10:29) 10 video files
Big Business doesn’t like what’s happening in South America. The election of reforming governments in Peru and Ecuador might have been a bearable irritant but that Chavez guy in Venezuela has really got up their noses. In Bolivia sections of the local ruling class got so riled up that they tried to overthrow President Morales in September. The US ruling class, in collusion with local bosses, is trying to destabilise political and economic reforms. As they see it, too much is going to workers and peasants, and not enough into their own coffers. read full story / add a comment |
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