Top Menu

Archive | Commentary

Monthly Review Magazine

Thinking About the American Left and Die Linke

The North Atlantic Left Dialogue (NALD), by bringing North Americans and Europeans together, allows participants to reflect on their own situation through the lens of the thinking of other leftists who face similar political issues in different contexts.  There are commonalities in the division between social movements on the one hand and political parties/labor organizations […]

Continue Reading

The Contrarian

Over the years Gore Vidal has spilled a lot of ink telling readers how the mass media murdered serious book culture in the United States, but he is the only living US novelist to have his own coffee table book.  Snapshots in History’s Glare is a photo album of fine design and no small expense […]

Continue Reading

The IMF and Economic Recovery: Is Fund Policy Contributing to Downside Risks?

Introduction The IMF’s most recent World Economic Outlook (WEO) projects world economic growth will slow, from 4.8 percent in 2010 to 4.2 percent next year.  Throughout the report, there are numerous concerns expressed about the “fragility” of the global economic recovery.  The Acting Chair of the Executive Board states that “[t]he recovery is losing momentum […]

Continue Reading

Lower-End Homes Pull Prices Down in August

The August Case-Shiller 20-City Index showed that house prices have resumed their decline, dropping by 0.2 percent for the month.  Prices fell in 15 of the 20 cities in the index for the month. The drop was led by a decline in the prices of homes in the bottom tier of the Case-Shiller index.  Prices […]

Continue Reading

The Cat and the Coup

“The Cat and the Coup is a documentary game in which you play the cat of Dr. Mohammed Mossadegh, the first democratically elected Prime Minister of Iran.  During the summer of 1953, the CIA engineered a coup to bring about his downfall.  As a player, you coax Mossadegh back through significant events of his life […]

Continue Reading

Why France Matters Here Too

For many weeks now, the historic social change sweeping across France has drawn increasing attention globally.  It should.  A genuine, mass democratic upsurge has surprised all those who thought, hoped, or feared that such things could no longer happen in countries like France or the US.  Millions of French people — in left political parties, […]

Continue Reading

Pity the Nation

Kashmir, Oct. 26 — I write this from Srinagar, Kashmir.  This morning’s papers say that I may be arrested on charges of sedition for what I have said at recent public meetings on Kashmir.  I said what millions of people here say every day.  I said what I, as well as other commentators, have written […]

Continue Reading

The Econobubble Revisited

In a recent article, I discussed the 2010 Economics Nobel Prize in rather unflattering terms.  However, nothing beats the decision to award the 1997 Economics Nobel to Robert Merton and Myron Scholes for developing “a pioneering formula for the valuation of stock options.”  “Their methodology,” trumpeted the Nobel committee, “has paved the way for economic […]

Continue Reading

Dilma Adventure!

  Only a few days left for the second round of the 2010 elections, our mobilization continues.  To energize the activists for Dilma some more, here is a game made for the presidential election, in which we can get Dilma to the Palácio do Planalto. The idea comes from Professor Alex Leal, in the Digital […]

Continue Reading

Zapatero’s Wink to the Left

Zapatero winks to the Left . . . and gets back to the business of cuts. Eneko Las Heras, born in Caracas in 1963, is a cartoonist based in Spain.  This cartoon was first published on his blog . . . Y sin embargo se mueve on 22 October 2010.  Translation by Yoshie Furuhashi (@yoshiefuruhashi […]

Continue Reading

Economics, Ideology, and Imperialism

  Prof. Prabhat Patnaik, eminent Marxist economist, taught in CESP-JNU (Centre for Economic Studies and Planning, Jawaharlal Nehru University) over the last four decades.  He has been one of the most outstanding economists in India and a great teacher.  He has retired from JNU recently.  On the occasion of his farewell, the students of CESP […]

Continue Reading

Kino Pravda 3G

  The detritus of mobile phone footage of protests, from Tehran to Toronto, over the last year . . . assembled without grand narratives of the mainstream media. Public Studio is a transient Toronto artist collective. | Print  

Continue Reading

G20: The United States and Neo-mercantilism

Here comes the travail of crisis.  The more they talk about coordination, the more it becomes necessary to concentrate on the conflicts revealed by the very talk of coordination.  The G20 finance ministers’ meeting, held in South Korea on Friday, has already been mortgaged by the case opened by US Treasury Secretary Timothy Geithner regarding […]

Continue Reading

Chávez Hails “New Middle East”

Venezuelan President Hugo Chávez: Condoleezza once said . . . that the United States was going to create “a new Middle East.”  Here’s a new Middle East, but not the one they wanted — another Middle East. * * * Summary of the Venezuelan Presidential Visit to the Islamic Republic of Iran, 18-20 October 2010 […]

Continue Reading

Ten Theses on New Developmentalism

On May 24 and 25 of 2010, a group of economists sharing a Keynesian and structuralist development macroeconomics approach convened in São Paulo to discuss ten theses on New Developmentalism — the name that some of them have been using for some years to describe the national development strategy that middle income countries are today […]

Continue Reading

The Paradox of Capitalism

John Maynard Keynes, though bourgeois in his outlook, was a remarkably insightful economist, whose book Economic Consequences of the Peace was copiously quoted by Lenin at the Second Congress of the Communist International to argue that conditions had ripened for the world revolution.  But even Keynes’ insights could not fully comprehend the paradox that is […]

Continue Reading