Archive | Commentary

  • Eurozone Crisis: The Germans Have Gone Mad

      Jayati Ghosh: It wasn’t an actual transfer of one trillion dollars.  It was a notional thing.  It was a credit line.  It was basically the European Central Bank telling private banks across the region: if you are indeed distressed, we will bail you out, we have a credit line ready for you.  Now, the […]

  • Iraq

    The text below is an excerpt from “Imperialism and the Gulf War,” which was first published as the “Review of the Month” of the April 1991 issue of Monthly Review (42.11).  While the exact character of the Iraqi Ba’ath Party state is certainly debatable (“lack of government corruption”? — only relatively so in comparison to […]

  • Inventing a Nation of Deficit Hawks

    Republicans and conservative Democrats in Congress like to argue that public concern over federal budget deficits makes it impossible to pass a new round of job-creating stimulus spending.  And corporate media like to echo these sentiments, despite there being little evidence that citizens are as concerned about these issues as inside-the-Beltway deficit hawks. In the […]

  • Russia, Iran, and the United States

    Russia’s Iran Policy Since the end of the Cold War and the demise of the Soviet Union, the Islamic Republic has worked hard to cultivate a strategic partnership with post-Soviet Russia.  Of course, for many Iranians, there is heavy historical “baggage” attached to relations with Russia/the Soviet Union.  But, from an Iranian perspective, Russia is […]

  • Gasoline Sanctions against Iran Will Be Futile and Counterproductive

    H.R.2194 (the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2009) passed the Senate by a vote of 99-1 and the House by a vote of 408-8 (1 “present” and 16 “not voting”) yesterday. — Ed. The U.S. Congress, in its infinite wisdom, passed a new piece of legislation authorizing the President to impose so-called […]

  • The Great China Currency Debate: For Workers or Speculators?

    Everyone is talking about China’s currency, it seems.  Amidst months of building tension, there is an apparent consensus among most economists, the financial press, and leading economic policy makers in the West that the renminbi is hugely undervalued, making China’s exports unfairly competitive.  The global imbalances created by such ‘mercantilist’ and ‘protectionist’ exchange rate strategies, […]

  • Notes on the Theory of Imperialism

    In terms of the total system, these [the dominant classes in the most advanced capitalist countries] are the classes which have the power of initiative: they are, so to speak, the independent variables.  The behavior of other classes — including the subordinate classes in the dominant countries as well as both the dominant and the […]

  • A University at the Center of Iran’s Internal Power Struggle

    World media are focused so narrowly on Iran’s nuclear program and election-related turmoil and Western threats and sanctions that the public is unaware a battle over ownership of a politically connected Iranian university is likely to help shape the future of the Islamic Republic and its foreign relations.  We hear all about the Revolutionary Guard […]

  • Labor Market Flexibility

    Eneko Las Heras, born in Caracas in 1963, is a cartoonist based in Spain.  This cartoon was published on his blog . . . Y sin embargo se mueve on 23 June 2010.  Translation by Yoshie Furuhashi (@yoshiefuruhashi | yoshie.furuhashi [at] gmail.com). | Print

  • How the Media Mislead the Public about Venezuela: The Case of Stephen Sackur’s Interview with Hugo Chávez

    Stephen Sackur provides a misleading and one-sided picture of Venezuela after a brief visit there, during which he interviewed President Hugo Chávez (“A Chat with Chávez — Oliver Stone’s New Lead Tells All,” 14 June).  I am the co-writer of Oliver Stone’s forthcoming documentary on Chávez, South of the Border, and was present throughout the […]

  • Brazil and Iran: Our Motives and the Bullying Trio

      Despite what the experts of barefoot diplomacy1 never stop repeating, there is nothing even remotely anti-American in the Brazilian position on Iran: our motives, unlike those of the bullying trio (USA, France, United Kingdom), are clear, transparent and openly stated several times. We support the peaceful development of nuclear energy.  We do not believe […]

  • Right Wins Big in Colombia

      Paul Jay: So, what happened in the Colombian elections on Sunday? . . . Before the runoff election, the last time you and I talked, which is I guess just over a month ago, the other candidate, Mockus, looked like [trending up] — in fact, I think the headline of our story was “Upset […]

  • The Green Movement Is Not the Future of Iran

    Western analysts and policymakers need to rethink their basic calculations about the Islamic Republic’s domestic politics.  This rethinking should start with a recognition that the Green movement is not the future of Iranian politics; in fact, it’s not even the future of what at least used to be called the “reform movement.”  By sticking with […]

  • USAID: The Bone of Contention in U.S.-Bolivia Relations

    When Bolivian Foreign Minister David Choquehuanca and U.S. Assistant Secretary of State Arturo Valenzuela met at the beginning of the month, it appeared that relations between the US and Bolivia were on the verge of being normalized following an 18-month diplomatic chill.  Choquehuanca announced to the press that “the two sides are 99% done with […]

  • Afghanistan: Empire, Minerals, and Taliban

      Marzieh Hashemi: American geologists say Afghanistan is filled with minerals, from iron ore, lithium, to gold and much more.  The values of the minerals are said to be estimated at around a trillion dollars. . . .  Would a mineral-rich Afghanistan affect the way that the United States is running its war machine there? […]

  • You Can’t Eat a Collateralized Debt Obligation: Why Money Doesn’t Make the World Go Round

    The global financial crisis that began in 2007 was clearly about money, credit, and finance.  For mainstream economists and politicians — from neoliberals like John B. Taylor at Stanford and Tony Abbott, through pragmatists like Barack Obama and Australian prime minister Kevin Rudd, to Keynesians and social democrats like Paul Krugman at Princeton and John […]

  • With Help, Heterosexuals Can Become Gay

    (PU) A recently released study has found that heterosexuals can, with effort, become gay.  Eighty-six percent of a survey group of straight women and men were able, through various forms of reparative therapy, to transform their sexual orientation and achieve “good homosexual functioning.” Dr. Marvin Flabcock, of the American Psychiatric and Floral Design Association, conducted […]

  • The Mousavi Cartoon Censorship Affair

    A cartoon mocking “Green Wave” leader Mir-Hossein Mousavi, drawn by an Iranian cartoonist in exile Nikahang Kowsar, has reportedly been withdrawn from Rooz Online: Mir-Hossein Mousavi penning his Statement No. 300 in Khordad 1399/June 2020 Golnaz Esfandiari of Radio Free Europe/Radio Liberty writes that “Kowsar . . . a contributor to Rooz, confirmed the removal […]

  • About South of the Border

      Listen to Amy Goodman’s interview with Oliver Stone and Tariq Ali: Oliver Stone: So, Chávez was sort of a natural [as a subject for his work] because he is such a demonized, polarizing figure, but when I met him, it was not at all what I thought, you know, what we made him out […]

  • Do Not Renew POSCO MoU

      To: Mr. Manmohan Singh, Prime Minister of India; Mr. Naveen Patnaik, Chief Minister of Orissa; Mr. Jairam Ramesh, Minister of State (Independent Charge) for Environment and Forests; Ms. Sonia Gandhi, Chairperson of the National Advisory Council We write to express our concern at several violations of legal process in the approval of the POSCO […]