My Bookmarx 11/16/2011
16 نوفمبر 2011 بواسطة Tamer Mowafy
Italy: The fall of the empire | libcom.org
Last night a huge crowd gathered outside the Quirinale where Berlusconi was giving his resignation to President Napolitano. Berlusconi was welcomed by shouts of “buffoon”, “mafioso” and Resistance songs.
Markets Celebrate Berlusconi Exit: High Hopes for the ‘Italian Prussian’ in Rome – SPIEGEL ONLINE – News – International
There has been a widespread sigh of relief in both Italy and the world’s financial capitals now that Prime Minister Silvio Berlusconi has resigned. But his successor, Mario Monti, faces a steep uphill battle. Many are concerned that he won’t last long in a country full of political pitfalls.
Russia’s crony capitalism: the swing of the pendulum | openDemocracy
Cronyism has always played a significant part in Russian political and economic life, so the arrival on the scene 20 years ago of crony capitalism was no surprise. It has been through various stages over that period, ending up with the ‘predatory state’ that exists in Russia today.
- rent seeking and state capture – Big Business is united and controls a weak and disjointed state apparatus;
- the predatory state – Business is divided into competing groups and a united state apparatus effects business capture;
- mutual hostages – civil servants and businessmen are united and organised in such a way that they balance out each other’s influence in politics and economics.
A German Referendum on Europe? Merkel Eyes Constitution Revamp to Boost EU Powers – SPIEGEL ONLINE – News – International
Germany’s constitution is highly respected, but it also obstructs the transfer of power from Berlin to Brussels — a fact that has hindered the rescue of Europe’s common currency. At the CDU’s party conference this week, Angela Merkel may push for an overhaul of the Basic Law in order to hasten euro bailout efforts.
Posted from Diigo. The rest of my favorite links are here.