Archive | Commentary

The essays compiled in this special issue of Key Words address the theme of crisis. But which crisis?

In 2019, the World Bank (WB) and the IMF will be 75 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the interests of the world’s populations.

The problem for any negotiations is that the U.S. position is untenable. The U.S. wants to prevent Iran from exercising its right under the Nuclear Non-Proliferation Treaty (1968) to enrich uranium even to low levels. It is this impossible position by Washington that will prevent diplomacy.

We live world where the aspirations of the workers and peasants are arrogantly dismissed. It is a world where the violence of a B-52 bomber is seen as reasonable, whereas the cries for an end to hunger are seen as utopian.

The United States is leading a process to create a naval force that would patrol the Strait of Hormuz. The U.S. has said it will send “command and control” ships to coordinate the escort naval vessels from different countries. But there are cracks in the coalition.

Ian Angus discusses the scientific developments that led Marx to develop metabolic rift theory, and a new generation to rediscover it in our time.

On June 2nd Christian Democrat Walter Lübcke was shot dead in front of his home. Stimulated by fascist blogs, one of them that of a prominent adherent of the Alternative for Germany (AfD), the murderer, a dyed-in-the-wool fascist, had been plotting the attack ever since hearing Lübcke’s fierce reply to vicious anti-foreigner catcalls at a public event four years earlier.

The U.S. objection to Iran is not based on international law, but merely based on its political objectives. This is clearly illustrated by open U.S. support for nuclear energy and nuclear weapon development in India; and nuclear weapon stockpiling in Israel, which the U.S. has always fully backed.

The potential mass appeal of the Freedom Budget failed to materialize in part because “realistic” compromises were made by its supporters: partisans of the Green New Deal should not make the same mistake.

There are signs of a new tanker war in the Persian Gulf, with Britain joining a coalition that wants a war with Iran.

Based on remarks by Mr Luiz Awazu Pereira da Silva, Deputy General Manager of the BIS, at the Conference of the Central Banks and Supervisors Network for Greening the Financial System (NGFS), Paris, 17 April 2019.

During the July 14, 2019 meeting between France, Germany, and the UK to discuss their response to the U.S. withdrawal from the Iran Nuclear Deal, President Hassan Rouhani remarked that Iran is “always ready for negotiation.” Iran, he said, urges the U.S. to “abandon bullying.”

The largest delegation from outside Russia at the St. Petersburg International Economic Forum in early June came from China.

In late June, some 5000 protestors camped out, as part of the “Stop Air Base Ramstein Campaign,” drawing attention to Germany’s increasing militarization via NATO. They demanded the U.S. Army base at Ramstein—where the top generals direct troop movements in Africa and the Near East, and deploy drones to murder anyone the Pentagon decides is an enemy—be shut down.

Everything about the trade war between the United States and China is bewildering. Truces would come out of nowhere but then they would be set aside by U.S. President Donald Trump in a stream of tweets at odd hours. Regardless, Huawei and China are unlikely to blink. They have the upper hand.

Those with responsibility for the strategic direction of universities have a clear choice in this matter. They can embrace the funding and accolades that come from saying things the Government and other funders want to hear; or they can do what most ordinary people think universities are supposed to do.

The context for organizing today that faces working people across the world is one that must grapple with the challenges posed by a decentralized production process and a well-organized ruling class.

The International Labor Organization (ILO) has just released a brief—but very important—report on the impact of heat stress on workers. What the ILO finds is that the areas of the world most threatened by heat deaths of workers are Southern Asia and Western Africa.

It is vital that working people know the score. Only by accurate and complete economic representations can an informed electorate pursue political strategies and tactics that benefit all working people.

In the last week of June 2019, as this article was being written, tensions between the U.S. and Iranian governments escalated sharply. On June 20, 2019, in response to aggressive U.S. actions, including the mobilization of troops, naval forces, and aerial provocations, Iran shot down a U.S. surveillance drone flying  near the Iranian border.