Posts Tagged socialist marxist view of the crisis

FINANCIAL MELTDOWN SPECIAL: Animated Story/A Marxist View and Farewell to Touch ‘N Go


CALEXICO-The Ballad Of Cable Hogue
We wouldn’t normally post financial info, but these days no one can avoid being dragged down by the landslide of bad financial news about what’s arguably the worst crisis since The Great Depression of 1930.
The Music Industry, already in tatters, looks set for many casualties. The latest of its victims is Touch and Go, one of the biggest indie labels in North America, fresh from its 25th Anniversary celebration, that has just announced it will stop releasing music shortly. The home of such great talents as Shellac, Dirty Three, Calexico, Jesus Lizard, TV on The Radio, Slint, Butthole Surfers and distributor of other indie favourite labels such as Merge, Drag City or Kill Rock Stars will say (hopefully temporarily) goodbye with the release in April of promising new act Crystal Antlers hotly anticipated debut “Tentacles” and a 7″ Jesus Lizard box set. Thanks for all the great music, guys!! You’ll be sorely missed.
After the jump, a very clear animated story of how the current economic situation was originated, followed by a very interest Socialist/Marxist vision of it and its potential outcomes.
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