Economic Theory Socialism

  • Hundreds arrested in Venezuela cash chaos

    Officials have arrested more than 300 people during protests and lootings over the elimination of Venezuela's largest currency bill.

  • The sun sets over Havana on the evening before the U.S. officially reopens their embassy after 54 years.

    Cuba has suggested that its famous rum serves as a means of paying back Cold War-era debt.

  • Jeremy Corbyn needs to show generosity of spirit: UNISON's Dave Prentis

    Dave Prentis, general secretary of UNISON, says the newly re-elected Labour leader must take the lead in uniting the political party.

  • Venezuela opposition thrashes 'Chavismo'

    The opposition Democratic Unity coalition wins the legislature for the first time in 16 years.

  • Jindal: Socialism is bad for taxpayers

    Gov. Bobby Jindal of Louisiana discusses his tax plan.

  • Jeremy Corbyn elected as leader of the UK Labour party

    Catherine Boyle, CNBC correspondent, explains what the election of Jeremy Corbyn as leader of the U.K. Labour Party means for British politics.

  •  We Are Not Communists: French Lawmaker

    Karine Berger, Member of Parliament for the French Socialist Party, tells CNBC that the French socialist government is company friendly, business friendly and market friendly.

  • France Finance Minister, Pierre Moscovici

    France unveiled a long-awaited bank reform, hailing it as a model for the rest of Europe even as critics said it fell short of President Francois Hollande's campaign pledge to get tough with the financial sector.

  • The Economic Indicators That Matter to China’s Next Premier

    As Washington scrambles to avoid the "fiscal cliff," some leaders of China are committed to never allowing their country to fall into the same financial trap.

  • Luxury group LVMH CEO Bernard Arnault.

    Albert Frère, the billionaire, is known as the most French of Belgian tycoons. Now his business partner, Bernard Arnault, is poised to become Belgium’s most famous Frenchman if his application for citizenship succeeds, the Financial Times reports.

  • France's opposition Socialist Party (PS) candidate for the 2012 French presidential election Francois Hollande gives a speech, on March 16, 2012, as part of a campaign visit in Strasbourg, eastern France. AFP PHOTO / FRED DUFOUR (Photo credit should read FRED DUFOUR/AFP/Getty Images)

    The call to Vincent Grandil’s Paris law firm began like many others that have rolled in recently. On the line was the well-paid chief executive of one of France’s most profitable companies, and he was feeling nervous.

  • U.S. President Barack Obama meets with newly elected French president Francois Hollande (L) in the Oval Office on May 18, 2012 in Washington, DC.

    With his first Bastille Day approaching on Saturday, François Hollande and his government have had a good start to his presidency, impressing the French with a down-to-earth style, the New York Times reports.

  • President Barack Obama speaking in Nashua, NH on energy.

    Is President Obama a socialist? To many historians and political scientists — and to actual socialists as well — the persistent claim lacks credence.

  • April 2012The political situation in Greece is far from certain. At the brink of defaulting on its debts, under Lucas Papademos, an unelected technocrat, most Greek legislators have backed further austerity measures in return for a new €130 billion ($184 billion) bail-out by the European Union. Expected to go to the polls in late April or early May, Antonis Samaras the leader of the most popular conservative New Democracy party has promised to honour the spending cuts demanded by the euro zone g

    The outcome of Sunday’s elections in Greece and France has raised fears that the euro zone debt crisis has entered a new phase, as leaders opposed to austerity threaten to wipe out crisis-fighting measures.

  • French Flag

    French Socialist presidential hopeful Francois Hollande promised on Sunday to take tough measures to reduce the "dominance of finance", two days after France's top-notch triple-A credit rating was cut by agency Standard & Poor's.

  • Europe a Solution, Not a Problem: Spanish Politician

    "The solution for this crisis of the euro will be more economic governance at the European levels," Pedro Sanchez, the vice-president of the Spanish socialist party PSOE told CNBC ahead of difficult general elections. "Europe will never be the problem for the world or the member states, it will be the solution," he added.

  • A protester holds up a smoke bomb during a mass demonstration against government financial cuts in central London, on March 26, 2011.

    Around 750,000 British teachers, civil servants, border agents and other public sector workers went on strike on Thursday after negotiations with the government failed to come to a resolution over proposed pension reforms.

  • France

    Pentecost, from the Ancient Greek pentếkosta, meaning fiftieth, is the Christian holiday celebrating the Holy Spirit descending on the Apostles fifty days after Easter.

  • portugal_building_200.jpg

    Having failed to secure a majority in Sunday’s election, the new conservative-led coalition will face a daunting task as it attempts to turn around its country’s ailing finances, according to Barclays Capital.

  • Unemployment

    French politicians are up in arms against proposals that would force those benefiting from state aid to do community service hours, which in the country's legal system are part of a list of punishments for those condemned for crimes such as damaging goods, petty theft or insulting the police.