Upcoming Events

National | Anti-Capitalism

no events match your query!

Blog Feeds

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link RTEs Sarah McInerney ? Fianna Fail?supporter? Anthony

offsite link Joe Duffy is dishonest and untrustworthy Anthony

offsite link Robert Watt complaint: Time for decision by SIPO Anthony

offsite link RTE in breach of its own editorial principles Anthony

offsite link Waiting for SIPO Anthony

Public Inquiry >>

Human Rights in Ireland
Indymedia Ireland is a volunteer-run non-commercial open publishing website for local and international news, opinion & analysis, press releases and events. Its main objective is to enable the public to participate in reporting and analysis of the news and other important events and aspects of our daily lives and thereby give a voice to people.

offsite link Trump hosts former head of Syrian Al-Qaeda Al-Jolani to the White House Tue Nov 11, 2025 22:01 | imc

offsite link Rip The Chicken Tree - 1800s - 2025 Tue Nov 04, 2025 03:40 | Mark

offsite link Study of 1.7 Million Children: Heart Damage Only Found in Covid-Vaxxed Kids Sat Nov 01, 2025 00:44 | imc

offsite link The Golden Haro Fri Oct 31, 2025 12:39 | Paul Ryan

offsite link Top Scientists Confirm Covid Shots Cause Heart Attacks in Children Sun Oct 05, 2025 21:31 | imc

Human Rights in Ireland >>

Lockdown Skeptics

The Daily Sceptic

offsite link An A&E Nightmare That Exposes the NHS as Anything But the ?Envy of the World? Mon Dec 15, 2025 20:00 | Shane McEvoy
The NHS is often said by politicians to be the 'envy of the world'. But after a 48-hour odyssey through A&E to get an urgent scan for suspected appendicitis, Shane McEvoy is convinced nobody anywhere is envying us.
The post An A&E Nightmare That Exposes the NHS as Anything But the ‘Envy of the World’ appeared first on The Daily Sceptic.

offsite link The Covid Inquiry is Instantiating Lies That Make it Worse Than No Inquiry At All Mon Dec 15, 2025 17:53 | Will Adie
The Covid Inquiry has allowed itself to degenerate into a cudgel to flog the Tory government of Boris Johnson. But an inquiry that instantiates a lie is worse than no inquiry at all, says Will Adie.
The post The Covid Inquiry is Instantiating Lies That Make it Worse Than No Inquiry At All appeared first on The Daily Sceptic.

offsite link Dale Vince Links Bondi Beach Massacre to Israel Mon Dec 15, 2025 15:00 | Will Jones
Labour donor and green energy tycoon Dale Vince has sparked a backlash after linking the Bondi Beach massacre to Israel's actions in Gaza, saying Netanyahu "wants antisemitism to be a thing? and "acts to make it so".
The post Dale Vince Links Bondi Beach Massacre to Israel appeared first on The Daily Sceptic.

offsite link Labour Has Gone Beyond Lying to Bullshitting Mon Dec 15, 2025 13:32 | Sean Walsh
As he entered Downing Street, Keir Starmer told us he would "tread more lightly" on our lives. In 18 months Labour has gone from merely lying to bullshitting, losing all attachment to reality, says Sean Walsh.
The post Labour Has Gone Beyond Lying to Bullshitting appeared first on The Daily Sceptic.

offsite link Right Wins Chile Election on Mass Deportation Platform Mon Dec 15, 2025 11:18 | Will Jones
The Right has won the Presidential election in Chile, with conservative Jose Antonio Kast defeating his communist rival on a platform of cracking down on crime and deporting hundreds of thousands of illegal immigrants.
The post Right Wins Chile Election on Mass Deportation Platform appeared first on The Daily Sceptic.

Lockdown Skeptics >>

Voltaire Network
Voltaire, international edition

offsite link Will intergovernmental institutions withstand the end of the "American Empire"?,... Sat Apr 05, 2025 07:15 | en

offsite link Voltaire, International Newsletter N?127 Sat Apr 05, 2025 06:38 | en

offsite link Disintegration of Western democracy begins in France Sat Apr 05, 2025 06:00 | en

offsite link Voltaire, International Newsletter N?126 Fri Mar 28, 2025 11:39 | en

offsite link The International Conference on Combating Anti-Semitism by Amichai Chikli and Na... Fri Mar 28, 2025 11:31 | en

Voltaire Network >>

The deepening crisis of the Irish economy

category national | anti-capitalism | other press author Thursday May 14, 2009 19:00author by Socialism or Barbarismauthor email socialismorb at gmail dot com Report this post to the editors

Article reviewing impact of bank bailout from a marxist perspective.

In this latest post on the Irish economic crisis, Socialism or Barbarism analyses the extent of the impact of the bank bailout and the recession in the real economy and what it will likely mean for the working class.

The Bailout

All the mainstream political parties agreed on the necessity of the bank bail-out package - some wholeheartedly some by using the Thatcherite injunction 'TINA: There Is No Alternative'. In making this decision, the Irish political class collectively signed the Irish taxpayer to cover liabilities of value approximately €440bn (figure supplied by the Financial Times, January 17 2009). This decision represented the greatest transfer of wealth from the working class and petty-bourgeoisie to the nexus of super-wealthy property tycoons and their political friends since the inception of the state itself in 1923.

It remains to be seen whether a run on the banks will expose the full extent of the government's bluff but, irrespective, the losses which the Government have signed up to covering continue to rise. Initially in December 2008 the bailout was quantified at €10bn then, according to Standard and Poors Rating agency it was €20bn in March 2009, then the IMF estimated the exposure to be €24bn in May 2009. In truth, no-one can be sure just how much this is going to cost. Given the scale of the collapse in housing market and the overall value of the sector, it would seem likely that these figures represent gross underestimates of liability.

full at: http://revolutionaryireland.blogspot.com/2009/05/deepen....html

Related Link: http://revolutionaryireland.blogspot.com/2009/05/deepening-crisis-of-irish-economy.html
© 2001-2025 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy