Archive | Commentary

Israel’s declaration that it will establish a commission, composed of Israeli citizens and two foreign observers, in order to investigate the Israeli raid against the Freedom Flotilla does not in any way meet Turkey’s clear demand or international community’s expectations, which were expressed in the Presidential Statement of the United Nations Security Council. Israel does […]

Erdoğan!  İsrail’le ilişkileri kesin HEMEN! Erdoğan!  Cut the Ties with Israel NOW! Carlos Latuff is a Brazilian cartoonist. | Print

The U.S. and European Union together make up about half of the global economy, and recovery is quite uncertain in both of these big economies.  Contrary to a lot of folk wisdom and political posturing, the problem is not irresponsible government spending in either case, but a lack of commitment by the authorities in both […]

The latest fad in business journalism is to sound the alarm about the United States having become the biggest debtor in the world.  This is intended to bring visions of our country sliding into a third world-type debt trap.  But even those who don’t draw such dire inferences nevertheless assume that a ballooning U.S. debt […]

The last thirty-five years have been disastrous for American unions.  The percentage of the workforce represented by unions has declined from about 30% to barely 10%.  As the unionized island in the center of the workforce has shrunk, every element of labor relations affected by unions — job security, promotions and lay-off, job descriptions, wages […]

The next time someone tells you that Marx or Marxism is outdated because capitalism is not as exploitative as it was in the 19th century, just crack open your copy of Capital, turn to the chapter on the working day, and compare its vivid depiction of the brutalization of the British working class to the […]

Iran’s Central Bank announced that the annual inflation rate has dropped below 10%, so it may seem like an odd time to talk about how rising inflation might affect Iran’s poor.  But if the government implements the subsidy reform law, as it has promised to do in the second half of this year (Iranian year […]

The deficit hawks have been working themselves into a frenzy in recent weeks over the prospect that the country will come out of the recession with a huge debt.  They have convinced much of the policy elite (admittedly, a very gullible crew) that the United States is on the edge of becoming Greece, unable to […]

The thunderous events set in motion by Israel’s storming of the Mavi Marmara, the lead ship in the peace flotilla challenging the blockade of Gaza, have thrown important light on the overall situation in the Middle East.  Turkey has emerged as the major protagonist among the forces that support the Palestinian cause.  This is extremely […]

  Ah, these lazy, hazy, crazy days of summer.  Fish are jumping (except if they happen to be in the Gulf of Mexico) and the cotton is high.  And Israel prepares to bomb-bomb-bomb Iran, under clear and sunny Saudi skies — at least according to the London Times. Hugh Tomlinson’s June 12 piece in the […]

There is a remarkable consensus among economists of all ideological and political persuasions — conservative, liberal, and radical — that capitalist economies must grow to be healthy, and that the key to growth lies in the capital accumulation or savings-and-investment process. Accepting this view, we have long been arguing in effect that capitalism, like living […]

General strike, benefit cuts, pension freezes, starvation, wars?  Crisis, what crisis? Repeat after me: We Can Win the World Cup!  We Can Win the World Cup!  We Can Win the World Cup!  We Can Win the World Cup!  YES WE CAN! Juan Kalvellido, born in Cádiz, Andalucía, Spain in 1968, is a working-class cartoonist who […]

  The Fine Old English Gentleman New Version (To be said or sung at all Conservative Dinners) I’ll sing you a new ballad, and I’ll warrant it first-rate, Of the days of that old gentleman who had that old estate; When they spent the public money at a bountiful old rate On ev’ry mistress, pimp, […]

  . . . Mir Hossein Moussavi and Mehdi Karroubi, de facto leaders of the Green Movement, had issued a statement on June 10 asking their supporters to stay home. According to Fars, a semi-official news agency with intimate ties to the Islamic Revolutionary Guards Corps, Moussavi and Karroubi were afraid of low turnouts and […]

Excerpt: In contrast to the stable average stocks of debt, the composition of these debt stocks (by lender, currency and location) have changed visibly over the last 15 years. By lender: private lending shifted from bank- to bond-based (private lending), while official lending moved from bilateral to multilateral.  On the other hand, in contrast with […]

On Tuesday, June 8, I wrote the Reflection “On the Threshold of Tragedy” around midday; later I watched Randy Alonso’s “Roundtable” television program, broadcast at 6:30 p.m. as usual. That day, the eminent and distinguished Cuban intellectuals taking part in the Roundtable replied to the program director’s acute questions with eloquent words which greatly respected […]

  . . . Public debt levels as a share of GDP declined substantially in the Latin American region during the five years preceding the great global crisis of 2008 and 2009.  Data available for the largest seven countries in the region (LAC-7)1 show that the ratio of total public debt to GDP fell from […]

Since manufactured claims about Iraqi WMD led the United States to invade Iraq in 2003, no analytic line about developments in the Middle East has had a bigger impact on American foreign policy than the assertion that the outcome of Iran’s June 12, 2009 presidential election — held one year ago tomorrow — was a […]

  Excerpt: . . . Finally, there are concerns about the chronic problems faced by the Bolivian government to manage such an ambitious program — problems that pre-date President Morales.  To pull off its lithium ambitions, Bolivia will need highly trained and qualified experts, in the technical and scientific aspects of lithium, in business management […]

  The Israeli raid on the Gaza flotilla that resulted in the deaths of eight Turkish citizens and one Turkish-American has led Israel and its supporters to argue (see The Weekly Standard, 5/31/10) that the Turkish government and a prominent Turkish humanitarian organization are “terrorist” sympathizers with ill intentions toward Israel and the United States. […]