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Latin America Changes: Hunger Strikes in Bolivia, Summits in the Caribbean
After Bolivia beat the Argentine soccer team led by legendary Diego Maradona by 6 to 1, Maradona told reporters, “Every Bolivia goal was a stab in my heart.” Bolivia was expected to lose the April 1 match as Argentina is ranked as the 6th best soccer team in the world, and Maradona enjoys godlike status […]
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Security Council Condemnation of North Korean “UFO” Deepens Korean Crisis
On 13 April (14 April East Asian time), Claude Heller, the Mexican president of the United Nations Security Council read a “Statement” on behalf of the Council. He condemned North Korea for something described as a “launch” it had conducted on 5 April, demanded it desist from any further such act, reaffirmed the principles of […]
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The Making of a Marxist in Capitalist Crisis
Four Lectures on Marxism (Monthly Review Press, 1981). Reprinted by Cornerstone Publications, Kharagpur, West Bengal. ISBN 978-81-88401-17-8. Rs 55. pp 97 Back in the dog days of the Great Depression, “a very bourgeois American first-year graduate student” (as he would describe himself in a letter to a friend decades later) from Harvard landed in […]
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Interview with Ken Loach: “Now, More Than Ever, We Need Parties of the Principled Left”
I think in these dark times it’s very important that we have parties of the left that stand on the principled opposition to capitalism, that explain why what is happening to our economies, what is happening internationally, comes from the capitalist system. It isn’t something independent, it isn’t an act of god, it comes from […]
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Regulations Do Not Prevent Capitalist Crises
A huge chorus now clamors to heap new regulations on banks, credit markets, international capital flows, and so on. Regulations, for many in politics, the media, and academia, seem to have become the magic bullet that will not only “solve” the current economic crisis but also prevent future meltdowns. Many labor union and left voices […]
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Patterns of Adjustment in the Age of Finance: The Case of Turkey as a Peripheral Agent of Neoliberal Globalization
Abstract Following the 2000-01 crisis, Turkey implemented an orthodox strategy of raising interest rates and maintaining an overvalued exchange rate. But, contrary to the traditional stabilization packages that aim to increase interest rates to constrain domestic demand, the new orthodoxy aimed at maintaining high interest rates to attract speculative foreign capital. The end result was […]
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Cuba: Economic Restructuring, Recent Trends and Major Challenges*
Abstract The collapse of the European socialist block at the end of the 1980s caused a deep crisis in the Cuban economy. One of the distinctive features of the process of adjustment and reform of the Cuban economy carried out by the government was that even during the worst period of the crisis, the Revolution’s […]
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The Sugar Curtain: Chronicle of Generational Disillusionment
El telón de azúcar (The Sugar Curtain) was the winner of the Premio Coral for the best documentary at the 29th International Festival of New Latin American Cinema in Havana in 2007. — Ed. In The Sugar Curtain, the Paradise of the Cuban Revolution Is Put in Crisis The daughter of a Chilean documentary […]
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Turkey and the Obama Visit: “He Gave Me Water!”
Obama did what was expected, dispensing good luck charms for all. What he left behind is a state of delirium, a la the Hunchback of Notre Dame: “He gave me water.” Even though some of Obama’s gestures during the visit — such as Obama reminding the young people he was chatting with of the […]
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Eduardo Galeano: The Open Eyes of Latin America
Very few writers maintain total indifference toward the ethics of their work. Those who have thought that in the practice of literature it is possible to separate ethics from aesthetics, however, are not so few. Jorge Luis Borges, not without mastery, practiced a kind of politics of aesthetic neutrality, perhaps convinced of its possibility. Thus, […]
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A “People First” Strategy: Credit Cannot Flow When There Are No Creditworthy Borrowers or Profitable Projects
In 1930, John Maynard Keynes wrote: “The world has been slow to realise that we are living this year in the shadow of one of the greatest economic catastrophes of modern history.” Today, as then, we are in the shadow of catastrophe. Today, as then, our thinking is slow. We need to come to grips […]
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Deconstructing Labor: What Is “New” in Contemporary Capitalism and Economic Policies: a Marxian-Kaleckian Perspective
Paper presented at the Congrès Marx International V, Paris-Sorbonne et Nanterre, October 2007 1. Introduction About a decade ago the radical left, both in Italy and elsewhere in Europe, had been gripped by an understanding of contemporary capitalism as based on a three-pronged tendency: ‘globalization’ as an already accomplished state, the ‘end of labor’ due […]
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Wrestling with the Past
Sonya Huber. Opa Nobody. Lincoln: University of Nebraska Press, 2008. xvi + 358 pp. Illustrations. ISBN 978-0-8032-1080-6; $24.95 (cloth), ISBN 978-0-8032-1080-6. In recent years, scholars have grappled with the specific manner in which recent generations of Germans and Austrians have confronted their own familial complicity in Nazism. The narratives revealed by these studies […]
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Moldova in the Russian Media
Boris Kagarlitsky: “Moldovan Turmoil Grew Out of Unresolved Social Problems” Moldova Blames Romania for Riots Opposition Promises Larger Protests Violence Escalates in Moldovan Capital Mikhail Chernov: “Defeat of Moldovan Democracy” Kirill Koktysh: “Those Taking Part in Moldovan Protests Are Mainly Migrant Workers Who Had to Return Home amid the Financial Crisis” Aleksandr Fomenko: “Protest in […]
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Obama and the Banks
If we take a look at the recent self-described progressive US presidents (Jimmy Carter and Bill Clinton), we will notice that their progressiveness invariably fades away, not even intentionally. That is because the beast compels them to align themselves with its own reality. Carter, who campaigned against the wage stagnation of the Nixon-Ford years, collapsed […]
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China’s Way Forward? Historical and Contemporary Perspectives on Hegemony and the World Economy in Crisis
2008 — Annus Horribilis for the world economy — produced successive food, energy, and financial crises, initially devastating particularly the global poor, but quickly extending to the commanding heights of the US and core economies and ushering in the sharpest downturn since the 1930s depression. As all nations strive to respond to the financial […]
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G20 and Inter-capitalist Conflicts
In the Financial Times of March 31st, Martin Wolf set down a straightforward criterion to evaluate the outcomes of the G20 meeting in London. Will they decide, he asked, to put forward a plan to shift world demand from the countries with a balance of payments deficit to those with a surplus? The underlying reasoning […]
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France: Anti-NATO Protesters Clash with Police, 300 Arrested, 105 Detained
The clashes between police and anti-NATO demonstrators in Strasbourg on Thursday, 2 April resulted in 300 people arrested and 105 detained, according to the figures released by the police on Friday. DDP, a Germany news agency, reported that its photographer was injured by a rubber bullet during the clashes. The Résistance des Deux Rives collective […]
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Anti-G20 Protesters Rock the City of London
– – – – – – – – – – – – – – – – – – – – See also TeleSur‘s coverage of the protest. Hamish Macdonald’s report was broadcast by Al Jazeera on 1 April 2009.
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Death of a Demonstrator in London Was Not So “Natural”: Police Provoked Confrontations
Activists interviewed by an alternative journalism collective Pueblos Sin Fronteras reported that the police provocation made the protests violent, penning demonstrators in separate corrals and preventing them from moving for hours, without access to water, food, or restrooms. This may explain the collapse of a citizen who died this Wednesday while the demonstrators were […]