Geography Archives: Asia

  The editors of Aneek have asked us to present, in brief, our stand regarding what we think is “the correct path” towards equality, cooperation, community, and human solidarity, that is, socialism in India.  The struggle for socialism is going to be long, hard, and violent, and I, for one, cannot imagine a socialist India […]

There is a very pervasive view that the current capitalist crisis consists exclusively of the financial crisis and, in so far as the financial crisis is now over, the crisis as a whole is over.  This, I believe, is erroneous, and this is because, like Bob Brenner, I also believe that the current financial crisis […]

Our friends at the Economic Policy Institute have already done a pretty good job burying the claim from Reinhart-Rogoff that high ratios of debt to GDP will lead to lower growth, but in DC, no bad theory stays dead for long.  With that in mind, let’s throw a little more dirt on the grave. The […]

War Crime Whistleblower in Obama’s Sights, War Criminals Not Private First Class Bradley Manning, a 22-year-old U.S. Army intelligence analyst stationed in Iraq, is being prosecuted by the Obama administration for disclosing a classified video showing American troops murdering civilians in Baghdad from an Apache Attack Helicopter in 2007.  Eleven adults were killed in the […]

  To suppress the most articulate voice of the Indian revolutionary movement, the state indulged in the brutal assassination of Cherukuri Rajkumar, popularly known as Azad, spokesperson of the Communist Party of India (Maoist), along with freelance journalist Hemchandra Pandey, on July 2.  Azad was supposed to meet a courier at Sitabardi in Nagpur, Maharashtra […]

Where is this elusive recovery?  The banks, some say, have “recovered.”  Yet they remain dependent on Washington, they do not make the loans needed for a general recovery, and many medium and small banks keep collapsing.  The stock market shows no recovery.  The Dow index was 14,000 in late 2007 when capitalism hit the fan, […]

  Excerpt: [T]he conventional growth accounting based on the national income identity does not provide an adequate framework for assessing the contribution of components of demand to growth.  The standard exports/GDP ratio overestimates the income (value-added) generated by exports because it ignores the foreign (import) contents of exports, which tend to be particularly high in […]

  Excerpt: Importantly, the initial collapse and following standstill in economic activity and nominal levels of GDP is also extremely bad news for the strategy of fiscal consolidation itself.  On the one hand, to keep on servicing interest payments (see above), nominal debt will continue to go up.  On the other hand, nominal GDP goes […]

In much of the world, including the United States and Europe, a debate is taking place about whether the government’s first responsibility should be to reduce unemployment — which is at elevated levels — or to reduce government deficits and debt.  Many of the arguments for deficit reduction are simplistic, based on ignorance, or ideologically-based. […]

DKK: Joan, because people know you as many things — as a theorist of gender, as a cultural historian, as an inveterate advocate for academic freedom and defender of the rights of the professoriate — I’m curious how you would describe yourself to someone who had never met Joan Scott. JWS: That’s really hard . […]

  In international politics, if an action seems reckless or callous and the ones taking it are not certified loonies, usually it’s because it was made to look that way, on purpose.  To send a message. Take Israel’s attack in international waters on a civilian flotilla that resulted in the death of nine Turkish passengers. […]

What is the British government’s role in the conflict?  It is officially committed to the international consensus two-state settlement, but what has our record been in practice? It’s been awful.  Britain doesn’t have an independent role — it just does what the US tells it to do.  On the other hand, the struggle is easier […]

The NYT portrayed the Fed as facing a serious dilemma in dealing with its portfolio of mortgage-backed securities (MBS).  It argued that it can either start selling them now and risk slowing the economy or wait until the economy has recovered more and risk losing money by selling them in a higher inflation environment. There […]

The issue of “blood diamonds” has once again made the news: Farai Maguwu, Director of Zimbabwe’s Mutare-based Centre for Research and Development (CRD), languishes under the long arm of Zimbabwe’s laws on alleged charges related to his research on Zimbabwe’s Marange mines.  According to a confidential 44-page report produced by investigators mandated by the Kimberley […]

Executive Summary: This paper looks at the planned austerity measures in Spain, the rationale for the spending cuts and tax increases, likely outcomes for future debt-to-GDP ratios, and the probable results of alternative policies. It is widely believed that Spain got into trouble because of the over-expansion of government spending.  However, during the economic expansion […]

No medium of propaganda is as powerful and effective as film.  Think of the classics, the most notorious efforts to sway the public with the electrifying and collective passion of cinema: racial apartheid was justified in the US with Birth of a Nation.  The Soviets glorified their revolution with The Battleship Potemkin.  Then there was […]

I recently returned from the quadrennial International Sociology Association’s World Congress held in Gothenburg, Sweden.  It’s kind of like the World Cup of sociology.  There I sat in on a session organized by the Iranian Sociology Association, where a few presenters, including its president Hossein Serajzadeh, discussed the state of social science in Iran.  I […]

  “At all times throughout history the ideology of the ruling class is the ruling ideology.” — Karl Marx Lynne Stewart is a friend.  She used to practice law in New York City.  I still do.  I was in the courtroom with my wife Debby the afternoon of July 19th for her re-sentencing.  Judge John […]

It has become an annual ritual each July to commemorate the “Srebrenica massacre,” which dates back to July 11-16, 1995.  The now institutionalized characterization is that “8,000 [Bosnian Muslim] men and boys” were executed by the Serbs at that time, in “the worst mass killing in Europe since the Second World War.”  This memorial is […]

When is a tax haven not a tax haven?  When Mauritius’ Vice Prime Minister Ramakrishna Sithanen says so.  “We are a not a tax haven,” stated Sithanen, who is also the country’s Minister of Finance.  Ironically, Sithanen would go on to reveal that ring-fenced financial services (FS) — the legal and financial secrecy vehicles facilitating […]