The eurozone countries in particular are caught in a vice. After the
binge comes the hang-over. The Common Market was set up to develop a
European-wide market as a means of overcoming the narrow constraints of
the
nation state.

The world economy is gradually emerging from the biggest economic crisis
since the 1930s. In Britain last year we saw the biggest fall in
economic
output in any single year since 1921. Now there are signs of a slow
painful
recovery. However, there will be no return to “normality”. The crisis
marks the
end of an epoch economically and politically. We are now entering the
age of
austerity.

After eight years of war in
Afghanistan, the inability of Western imperialism to quell the
insurgency has entered into a period of crisis. Cracks and divisions
within the central government are becoming more and more critical as
the military and political situation becomes ever more unstable. Major
conflicts within Afghanistan’s Western-backed ruling clique were first
brought to a head in August during the presidential elections. The
accusations of fraud have left Karzai’s grip on power extremely
strained and have left Karzai wondering whether the NATO mission is more
hindrance than help.