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Monthly Review Magazine

Latin America and Caribbean: CELAC Steams Ahead

A high-level meeting in Venezuela earlier this month, in which senior Latin American and Caribbean diplomats from 32 countries discussed the creation of a new forum for regional concertation, slipped under the radar of the entire U.S. media.  Indeed, the only English-language report on the event that appeared in the mainstream media was filed by […]

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Iraq: Allawi or Maliki?

Iraq turns to Paul the Octopus of the 2010 World Cup fame: “Just pick the prime minister, form a government, and save us.” Fahd Bahady is a Syrian cartoonist.  This cartoon was published in his blog on 16 July 2010; it is reproduced here for non-profit educational purposes.  The text above is an interpretation of […]

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The Politics of the Gold Standard in France, 1914-1939

  Kenneth Mouré, The Gold Standard Illusion.  France, the Bank of France and the International Gold Standard, 1914-1939.  Oxford and New York: Oxford University Press, 2002.  x + 297 pp.  Figures, tables, notes, bibliography, and index.  $72.00 (cl.) ISBN 019-924904-0. Kenneth Mouré’s new book extends and develops the analysis of his previous study of Bank […]

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Socialism or Reformism?

I We live at a time when resistance to the inequities that exist in this world and the struggle for a better world are almost totally detached from any striving for socialism.  Climate change, imperialist aggression, forcible dispossession of peasants in the name of “development”, oppression of the tribal population, gender discrimination, and ecological degradation […]

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A New Order in “Greater West Asia”: AfPak to Palestine

When the Soviet Union was in terminal crisis in 1990 and the prospect emerged of the United States establishing long-term domination of the international political system, the influential Washington Post columnist Charles Krauthammer sought to capture the character of the unfolding geopolitical era. The term he used became a buzzword in then-emerging neo-conservative circles, and […]

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There Is No Economic Justification for Deficit Reduction

Statement to the Commission on Deficit Reduction by James K. Galbraith, Lloyd M. Bentsen, jr. Chair in Government/Business Relations, Lyndon B. Johnson School of Public Affairs, The University of Texas at Austin, and Vice President, Americans for Democratic Action, June 30, 2010 Mr. Chairmen, members of the commission, thank you for inviting this statement. I […]

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Jordan Crossings

Joseph A. Massad.  Colonial Effects: The Making of National Identity in Jordan.  New York: Columbia UP, 2001.  Paperback, 396 pages, ISBN: 0-231-12323-x. In Colonial Effects: The Making of National Identity in Jordan, a book that is painstakingly researched (there are almost 75 pages of end notes alone), Joseph A. Massad explores and analyzes the roles […]

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The Merkel Model Spreads to Japan

The European public debt crisis, artificially created by the puritan obtuseness of German Chancellor Angela Merkel, has spread to even Japan.  In fact, Naoto Kan, the new prime minister, mentioned Greece in a speech in which he claimed to fear the collapse of the Japanese economy under a heavy public debt equal to 230 percent […]

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Piranesi Etching

“Seeing that the remains of the ancient buildings of Rome, scattered for the most part in gardens and fields, are being day by day reduced by the injuries of time or by the greed of their owners. . . , I decided to preserve them in these plates.”                                         — Piranesi, Antichita Romane                                               (Roman Antiquities), 1756 […]

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The Magic Kingdom

Pacho Maturana, Colombian, a man of vast experience in these matters, says that football is a magic kingdom, where anything can happen.  The recent World Cup confirmed his words: it was a strange World Cup. Strange were the ten stadiums where the matches were held, beautiful, immense, which cost a fortune.  No one knows what […]

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Negotiations

The spur of the Arab Peace Initiative can’t move the wooden horse of negotiations on the path of peace, tethered as the horse is to the Israeli position. Fahd Bahady is a Syrian cartoonist.  This cartoon was published in his blog on 30 June 2010; it is reproduced here for non-profit educational purposes.  The text […]

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The Impact of Social Security Cuts on Retiree Income

Executive Summary: There has been a serious push in policy circles to cut Social Security benefits for near- and/or current retirees.  The argument for such cuts has been based on the deficits in the federal budget; the finances of the Social Security program have been at most a secondary consideration. However, the finances of the […]

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