Archive | Commentary

It is now abundantly clear that each and every response by the eurozone (EZ) to the galloping sovereign debt crisis has been consistently underwhelming.  This includes the joint EZ-IMF operation, back in May, to “rescue” Greece and, in short order, the quite remarkable overnight formation of a so-called “special vehicle” (officially the European Financial Stability […]

The Tea Party: The Atavistic Wing of the Republican Party 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 5 November 2010. | Print

Directed by João Fazenda; Script by Spam Cartoon; Animation by Ana Nunes; Sound Design by José Condeixa; Produced by João Paulo Cotrim and André Carrilho. | Print

The San Jose Mine incident in Chile has brought back old questions about labor and capital.  About those questions, raised by the 33 miners’ struggle to survive, I interviewed Michael D. Yates, Associate Editor of Monthly Review.  Yates was for many years professor of economics at the University of Pittsburgh at Johnstown, USA.  He is […]

I gave this talk at a very good conference, New Deal/No Deal, at Berkeley’s Institute for Research on Labor and Employment, on October 29.  The panel chair was Michael Reich, who was the main organizer of the conference along with Richard Walker of the geography department.  The dual themes were reflecting on the New Deal […]

Alain Badiou.  The Communist Hypothesis.  Verso, 2010. Alain Badiou: Key Concepts.  Eds. A.J. Bartlett & Justin Clemens.  Acumen Publishing, 2010. Christopher Norris.  Badiou’s Being and Event.  Continuum, 2009. Alain Badiou could be the most important philosopher alive today — time will tell — and his work is gradually reaching English-speaking readers.  His magnum opus, Being […]

The Republican and Tea Party counter-revolution is on the march.  Faced with a major voter rebellion against his hard socialist agenda yesterday, the Marxist-Leninist United States president Barack Obama has met with Tea Party icons Sarah Palin, Rand Paul, and Glenn Beck and “FreedomWorks” chief Dick Armey.  Obama has agreed to significantly roll back the […]

In a notable turn-around, the U.S. Department of State today designated Jundallah as a foreign terrorist organization (FTO).  In early 2009, shortly after President Obama came into office, the United States considered designating Jundallah as an FTO, as a conciliatory message to the Islamic Republic of Iran.  In March 2009, Iran’s Supreme Leader Ayatollah Ali […]

  Wages and Depressions Sooner or later any bubble bursts, leading to falling asset prices as investors flee to safe liquidity.  Distress selling and debt liquidation by the market participants follow.  For Irving Fisher (1933), it is of key importance that an asset price deflation leads — via falling asset prices and a distorted financial […]

That is what the New York Times reported today, although it used somewhat different language.  It told readers that: The group, which has a Dec. 1 deadline for recommending how to reduce the annual deficits swelling the federal debt, purposely has done little to date beyond five public hearings, and it has decided nothing lest […]

This is not a joke (at least not on my part).  David Broder, the longtime columnist and reporter at a formerly respectable newspaper, quite explicitly suggested that fighting a war with Iran could be an effective way to boost the economy.  Ignoring the idea that anyone should undertake war as an economic policy, Broder’s economics […]

Everyone is talking now of the “currency war” that seems to be breaking out among the world’s leading economies, each working for a depreciation of its currency vis-à-vis the others.  The effect of a currency depreciation is to enlarge the exports of the country undertaking such a depreciation and to reduce its imports, since its […]

  Vincent Geoghegan.  Utopianism and Marxism.  Oxford et al: Peter Lang, 2008.  pp. 189.  ISBN: 3039101374. In his contribution to Lenin Reloaded: Toward a Politics of Truth, Alain Badiou forcefully argues that the century, “between 1917 and the end of the 1970s, is not at all a century of ideologies, or the imaginary or of […]

Like the rally led by Jon Stewart and Stephen Colbert of Comedy Central that brought hundreds of thousands of people into the streets of Washington DC on Saturday, Brazil’s election on Sunday was a contest of “Restore Sanity” versus “Keep Fear Alive.” Dilma Rousseff of the governing Worker’s Party coasted to victory against the opposition […]

In the past ten years, 12,000 Mexican families have been torn apart by a broken immigration system. For more information about Families Without Borders, go to . | Print

A few metres from my office at the School of Oriental and African Studies in the heart of London’s Bloomsbury area is the Senate House of the University of London, a remarkable neo-classical colossus of a building which functioned as the headquarters of Britain’s ministry of information, where George Orwell worked occasionally during the second […]

Walls have a longstanding relation both with freedom from fear and subjugation to another’s will.  After 1945, walls acquired an unprecedented determination to divide.  They spread like a bushfire from Berlin to Palestine, from the tablelands of Kashmir to the villages of Cyprus, from the Korean peninsula to the streets of Belfast.  When the Cold […]

  Anyone who thinks that social and political instability in Honduras ended with the election of Porfirio Lobo as the president of the republic is mistaken, according to the Committee of Families of the Detained and Disappeared in Honduras (COFADEH). Human rights violations, political persecution, and selective political murders continue to be the order of […]

The Associated Press’s Robin Hindery reported on October 29, 2010 that the AP had found a remarkable fact: communities across the US have been raising their local property taxes.  The AP surveyed 39 states and studied 2,387 revenue measures that came before town, city, and county voters.  In most of those elections, voters favored measures […]

Pope Benedict XVI backs José Serra, determined to continue to make uteruses church properties in Brazil. Carlos Latuff is a Brazilian cartoonist.  Cf. Leonardo Boff: “No Brasil a cada dois dias morre uma mulher por abortos mal feitos, como foi publicado recentemente em O Globo na primeira página” (In Brazil a woman dies every other […]