Top Menu

Geography Archives: Europe

Countries in the continent of Europe

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 […]

Continue Reading

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 […]

Continue Reading

A Primer on Wall Street Meltdown

Flying into New York Tuesday, I had the same feeling I had when I arrived in Beirut two years ago, at the height of the Israeli bombing of that city — that of entering a war zone. The immigration agent, upon learning I taught political economy, commented, “Well, I guess you folks will now be […]

Continue Reading

Bolivia: Defeat of the Right

In the amazing series of elections in South America in the last five years, the most radical results were in Bolivia, with the election of Evo Morales as President.  It is not because Morales stood on the most radical platform.  It was rather that, in this country in which the majority of the population are […]

Continue Reading

Austria, Bavaria, and Brandenburg Go to the Polls

Bavaria, Germany’s largest state, borders on Austria: both have countless Alpine peaks, lots of men in lederhosen, and many right-wing Roman Catholic traditions.  Both had elections on Sunday.  Before nightfall many an otherwise happy yodeler showed tightly compressed lips and a grim look. In Austria the main parties, the conservative Austrian People’s Party and the […]

Continue Reading

The Financial Crisis: Will the U.S. Nationalize the Banks?

The political conflict over the Bush administration’s plan for a bailout of the banks, brought about both by differences with the Democrats and even more intensely with rightwing Republicans, makes it highly unlikely that Congress will be able to pass a bailout plan that can stabilize the financial situation along the lines that Secretary of […]

Continue Reading

War Must Nourish Itself

Herbert Langer, The Thirty Years’ War, Trans.C. S. V. Salt, Blandford Press, 1980 The seventeenth century was ruled by an aristocratic caste that no longer exists, save in the minds of the credulous and easily-deceived.   It was an imaginary caste of devils, angels, and other powers now consigned to oblivion.  For peasant and prelate, soldier […]

Continue Reading

Obama Shares Bush’s Goals

Barack Obama, the Democratic presidential candidate, has adopted the rhetoric of change which has captured the imagination of many Americans and non-Americans around the world. But when it comes to the foreign policy, there are enough reasons to remain sceptical.  Will he adopt a foreign policy with objectives which differ from those of George Bush, […]

Continue Reading

The Financial Crisis: A View from the Left

Faced with the failure of the financial sector and the possible collapse of the economic system, Republicans and Democrats are working together feverishly to come up with a plan and find the funds to save the American financial system.  The Congress that has been unable to provide adequate funding to health, education, housing, public transportation, […]

Continue Reading

A Turning Point for the Global Economic System

  The financial sector meltdown spelt an opportunity for the system to reinvent itself. Will the financial sector meltdown in the developed economies lead to a rethink about the path the global economy has traversed in the last few decades? Simply put, will it curb the primacy of finance, will it rein in the penchant […]

Continue Reading

Crisis of Capitalism and the Left

A new crisis of capitalism, in the style of 1929.  The theories of casino capitalism are confirmed.  The US government contradicts itself again and heavily intervenes, demonstrating that its confidence in the market isn’t as great as its propaganda displayed.  Neoliberal capitalism spills its guts, and the theories of the Left — Keynesian or anti-capitalist […]

Continue Reading

The New World Geopolitical Order: End of Act I

It would be a mistake to underestimate the importance of the agreement on September 8 between Nicolas Sarkozy of France in his capacity as current president of the European Union (EU) and Dmitri Medvedev, President of Russia.  It marks the definitive end of Act I of the new world geopolitical order. What was decided?  The […]

Continue Reading

Third World: Is Another Debt Crisis in the Offing?

While taking a significant toll on public revenues,1 repayment of the public debt has, since 2004, ceased to be a major concern for most middle-revenue countries and for raw material-exporting countries in general.  In fact the majority of governments of these countries are having no trouble finding loans at historically low interest rates.  However, the […]

Continue Reading

Before the Gathering Storm

Patrick Buchanan, Churchill, Hitler, and the Unnecessary War, New York, 2008. Patrick Buchanan’s Churchill, Hitler, and the Unnecessary War is an uncompromising attack on the US ruling class and its course in the world from 1917 to the present.  He says that US foreign policy today is “headed inexorably for an American Dienbienphu” (p. 423). […]

Continue Reading

Dealing with Iran’s Not-So-Irrational Leadership

  Nothing expresses the widening gap between the mind frames of the Iranian ruling elite and their Western counterparts more than the headlines in their respective newspapers.  The American media, above all, have unilaterally resolved the intelligence questions over Iran’s nuclear program.  The New York Times leads the pack with articles and even editorials that […]

Continue Reading

Pre-Election Attack of the Pro-Life Killer Fetus!

(PU)  The City of New York, still reeling from falling cranes, broken water mains, and the Republican presidential ticket, was forced to cope with yet another hard-hitting reality last Tuesday, as a giant human fetus of indeterminate sex and race suddenly appeared out of nowhere and began a rampage through midtown Manhattan. Estimated to be […]

Continue Reading

Revolution!  New Book Charts Roller Coaster Ride of South American Left

Throughout the past eight years of the Bush administration, North and South America have politically and economically been heading in opposite directions.  While Bush waged wars, curtailed civil liberties, and spread neoliberalism, South Americans stopped corporate looting, ousted corrupt presidents, and developed economies for people instead of profit.  Journalist Nikolas Kozloff’s new book, Revolution! South […]

Continue Reading