It’s almost sembreak, and it means no more studying for you, right? Wrong.

The dreadful, irrelevant and nonsense studying in school is done. Now it’s time for the real lessons to begin.

Here’s a round-up of the progressive resources on the current financial crisis rocking monopoly capital. Read up and start understanding what this crisis is about. Then troop to the nearest urban poor community, peasant association, or union picket line and pick-up the things you really aught to be learning.

1. On the Global Economic and Financial Crisis by IBON, September 20, 2008

This paper, which gives a comprehensive overview of the crisis, was issued by the Commission on Socio-Economic Development and Social Equity of the International League of Peoples’ Struggle, prepared by independent think-tank Ibon Foundation.

2. The Global Financial Crisis and its Implications for Workers in the World, by Paul Quintos of EILER

EILER, Inc., a workers’ education institute, is one of the best resources with regard to economic matters and workers’ conditions. In this paper, Paul Quintos discusses the financial crisis in the perspective of the struggling working class. They also have a Filipino primer on the crisis.

3. The Policy of “Neoliberal” Globalization and Worsening Economic Crisis in the Philippines, by Jose Ma. Sison

The precision of Jose Ma. Sison’s brief papers and analysis never fails to bring clarity to our understanding of the burning issues. Also read Implications of the Global Crisis on the Anti-Imperialist Movement.

4. The Political Economy of the Current (2008) Capitalist Financial Crisis, by Prof. Edberto Villegas, Bulatlat.com

“EdVil”, as the commercial goes, is more powerful than pain. A no-holds-barred discussion from the same intellectual-revolutionary who brought us the Guide to Marx’s Das Kapital, the article hits us with a historical view of the crisis and its roots.

5. What subprime? A dummy’s guide to credit crisis lingo, by By Lala Rimando, abs-cbnNEWS.com

Can’t dig the lingo? You’re not alone. Fortunately we have articles to clear things up a bit. Read also The attack of the Jargonites, by Carlos Conde.

6. Blog round-up

Tonyo Cruz linked relevant articles here and here. Carol Araullo discusses capitalism’s unsoundness. Kapirasong Kritika issues pieces of criticism here, here and here.

7. Ang Pandaigdigang Krisis Pampinansya, LFS Primer on the Crisis, www.lfs.ph

Here’s our contribution to the efforts to discuss and clarify. Hopefully it brings some enlightenment.

Enjoy!