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Multiplicity at the Heart of Asia: “Chinese Turkestan” in Broad Historical Perspective
James Millward. Eurasian Crossroads: A History of Xinjiang. New York Columbia University Press, 2007. 352 pp. $41.50 (cloth), ISBN 978-0-231-13924-3. There are precious few well-written and well-researched books on Central Asia/Eurasia on any topic or period, especially for a non-specialist readership. This magnificent survey history of an important heartland in the region […]
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Seized! The 2008 Land Grab for Food and Financial Security
Today’s food and financial crises have, in tandem, triggered a new global land grab. On the one hand, “food insecure” governments that rely on imports to feed their people are snatching up vast areas of farmland abroad for their own offshore food production. On the other hand, food corporations and private investors, hungry for profits […]
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Asia and the Meltdown of American Finance
The boardrooms and finance ministries of Seoul, Bangkok, Jakarta, and Kuala Lumpur are today filled with a fair degree of schadenfreude at America’s troubles. Schadenfreude is not a very nice emotion; Theodor Adorno once defined it as “unanticipated delight in the sufferings of another.” But asking Asia’s business and governing elites to repress shivers of […]
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Misrepresenting the Financial Crisis: It Is Not Lack of Liquidity; It Is Insolvency and Lack of Trust
Bail Out Homeowners, Create Trust, and Unfreeze Credit Markets The bailout scheme imposed by the United States government misrepresents the ongoing credit crunch as a problem of illiquidity, i.e. lack of cash. In reality, the problem is a lack of trust due to widespread insolvency in the financial market. In such an environment of widespread […]
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New African Resistance to Global Finance
Far-reaching strategic debate is underway about how to respond to the global financial crisis, and indeed how the North’s problems can be tied into a broader critique of capitalism. The 2008 world financial meltdown has its roots in the neoliberal export-model (dominant in Africa since the Berg Report and onset of structural adjustment during the […]
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World’s Labor Federations React to Financial Crisis with Proposals from Re-regulation to Socialism
Labor unions around the world have reacted to the financial crisis and the economic recession with words and actions reflecting their national experience, their political ideology, and their leaderships. Unions and workers have already seen the financial crisis and the growing recession result in the closing of plants and offices, in shorter workweeks, pay cuts, […]
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The Global Financial Crisis: Will South Africa Be Unscathed?
For the last several months, headlines about the global financial crisis have regularly made the front pages of international newspapers. Over this period, Europe and the US have come to realise that corporations are facing the worst economic crisis since the 1929 crash. In South Africa, however, articles on the global crisis have tended to […]
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Three Months in the Wilderness
The next three months are unlikely to see much movement on any of the crucial issues that have been simmering just below the boiling point in the Middle East. On October 13 Kadima leader Tzipi Livni and Labor Party leader Ehud Barak signed a draft agreement to form a new Israeli government under her leadership. […]
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Responses from the South to the Global Economic Crisis
International Political Economy Conference Responses from the South to the Global Economic Crisis Caracas, Venezuela Final Declaration Academics and researchers from Argentina, Australia, Belgium, Canada, Chile, China, Cuba, Ecuador, France, Mexico, Peru, Philippines, South Korea, Spain, United Kingdom, United States, Uruguay and Venezuela participated in The International Political Economy Conference: Responses from the South to […]
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Who Is Counting the Dead in Afghanistan? Another War Lost
Within the political and intellectual circles in the country I am living in, and maybe even beyond, in mainland Europe and North America, an ignorant and insidiously complacent attitude towards the war in Afghanistan is more or less taken for granted. At the time of writing it is exemplified in the few editorials, scholarly analyses […]
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Reading When and How Was the Jewish People Invented?
Reading Shlomo Sand‘s book When and How Was the Jewish People Invented? (Resling, 2008), I realized that there are actually several, not all related, arguments and debates within it. In other words, it does not have one thesis that can be accepted or rejected as a whole, but an attempt to address various historical issues […]
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India’s Combative Anti-Displacement Movement
I recently spent three weeks gathering information about the anti-displacement movement in India. As a guest of Visthapan Virodhi Jan Vikas Andolan (People’s Movement against Displacement and for Development), I traveled across central and eastern India visiting the sites of proposed industrial and mining projects, Special Economic Zones, and real estate developments. I spoke […]
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The Depression: A Long-Term View
The depression has started. Journalists are still coyly enquiring of economists whether or not we may be entering a mere recession. Don’t believe it for a minute. We are already at the beginning of a full-blown worldwide depression with extensive unemployment almost everywhere. It may take the form of a classic nominal deflation, with all […]
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Iran: Comprehensive Sustainable Development as Potential Counter-Hegemonic Strategy
The questions regarding variations in social development, economic progress, and political empowerment have produced a voluminous literature over the past century, and because of the complexity of these issues, much important reflection will continue well into the future. In the early 1980s, a United Nations’ Commission coined the term “sustainable development” as a public statement […]
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Choreographing Permanent War
Notwithstanding the renewed public concern about the economy in the wake of the implosion of the global financial architecture, the so-called “war on terror” remains at the forefront of the American presidential election campaign as it heads into its final stretch. Despite continuing popular opposition to Washington’s blatant empire-building policies both within the US and around the world, both Messrs. Obama and McCain are reiterating their commitment to good, old-fashioned American-style war making. Indeed, how to take forward the Project for a New American Century will almost certainly be the preeminent issue facing the new occupant of the White House come January.
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Renouncing Zionism, Reclaiming Humanity
It is about time that Jews spoke out strongly and decisively against Zionism, and the newly announced International Jewish Anti-Zionist Network (IJAN) is trying to do just that. IJAN is moving towards an “offensive” against Zionism rather than the customary “reactionism,” responding to outrages, which characterizes most solidarity work. This offensive takes two routes: A […]
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Can the Financial Crisis Be Reversed?
Página/12: What is your opinion about the decision of the Treasury Department to consider taking ownership stakes in many United States banks? Do you think this is the right political-economic strategy? I mean, will it lead to the recovery of the system? JBF: The Treasury Department proposal to purchase majority shares in major U.S. banks […]
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The Financial Crisis of U.S. Capitalism
The Will Miller Lecture, University of Vermont, October 28, 2008 Like many people who do not live around here, and maybe some who do, I had not heard of Will Miller, so, on being invited to be part of the Will Miller Social Justice Lecture series, I went to the organization’s Web site and learned […]
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Real Economy
To reassure myself completely, I visited my banker. He welcomed me with his usual warmth. “Your savings aren’t at risk at all,” he assured me in a firm voice, giving me a big pat on the back. “Having lost 30% of their value since the 15th of September, your various assets add up to 69,990 […]
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Financial Crisis Hits Mexico: Social Crisis on the Horizon?
The international financial crisis that originated in mortgages and derivatives in the United States has spread to Europe, Asia, and Latin America, and Mexico will be significantly affected by the crisis. Government, business leaders and analysts say that for Mexico the crisis means: Less foreign direct investment. A decreasing market for its exports. Lower prices […]