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European Social Forum special issue
The emergence of a new capitalist power
While North America and Europe were hardly hit, China has resisted to the international crisis of 2008 thanks to a rescue plan which combined huge public spending, a low interest rate and consumption subsidies. China’s growth rate reached 9% in 2009 and 10.3% in 2010 dragging in its wake Asia and Latin America out of the crisis. It has also managed to maintain unemployment at a sustainable level. China even overtook Japan in 2010 as the second economy in the world in terms of GDP and is closing the gap with the US. On the whole, China’s rise seems unaffected by the subprime crisis. A closer look shows that real problems lie ahead.-> read article...
Faced with the consequences of the earthquake and the tsunami that struck the North-East of the archipelago on March 11, Japan has experienced a multifaceted crisis. The Fukushima nuclear disaster puts in question the energy model of development. The impotence of the Government confirms the failure of the attempts at reform of a sclerotic political system. The economic consequences are still difficult to assess, but they will be heavy (debt and so on). As for social attacks, they promise to be severe: the privileged will do everything to ensure that this crisis - like others – will be paid for by those at the bottom; they will take the pretext of the emergency to further attacks on the rights of workers and the poor.-> read article...
Peter Drucker reviews two books on sexuality, socialism and queer Marxism.
Peter Drucker reviews Sexuality and Socialism: History, Politics, and Theory of LGBT Liberation by Sherry Wolf, Chicago: Haymarket Books, 2009, pages, $12 paperback and The Reification of Desire: Toward a Queer Marxism by Kevin Floyd Minneapolis: University of Minnesota Press, 2009, 271 pages, $25 paperback for Against the Current-> read article...